Gold, Silver Price Today, March 4: Yellow metal rises for sixth straight session, near record high

Gold prices on Wednesday (March 4) extended gains for a fifth consecutive session, buoyed by rising geopolitical tensions following escalations between the United States and Iran. The developments drove investors toward precious metals as a hedge against uncertainty.

As of 7:39 am, spot gold was trading 1.91 per cent per cent higher, or USD 97, at USD 5,185.74. Prices in the earlier session hit their highest level since January 30. However, from today’s intraday high of USD 5,186.69, spot gold remains nearly USD 220 below the record level of USD 5,595.46.

Silver mirrored the same trend, gaining 3.73 per cent, or USD 3.3800, to trade at USD 85.47.

Gold Price Today: Delhi, Mumbai, Chennai Prices

In New Delhi, the price stood at Rs 161,070, per 10 gm, and in Mumbai, it stood at Rs 161,350 on Wednesday.

In Bengaluru, the rate stood at Rs 161,350, while in Kolkata, it was Rs 161,130 per 10 gm. The price of the precious commodity in Chennai was the highest at Rs 161,820 per 10 gm.

The April 2 futures rose to Rs 1,61,160 according to the Multi-Commodity Exchange. The spot prices of the yellow metal were $5,185 on Wednesday, according to Bloomberg.

Silver Price Today: Spot and Future Prices

The precious metal's price rose on Wednesday and was trading at Rs 2,66,130 per kilogram on March 4, according to the India Bullion Association.

April 2 futures for silver were trading lower at Rs 2,65,100, according to the Multi-Commodity Exchange, while Spot silver gained 3.73 per cent, or USD 3.3800, to trade at USD 85.47.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)