Gold price in India stood at Rs 79,940 as of 6:30 a.m. on Thursday, according to the India Bullion Association. The price of gold saw a sharp rise of over Rs 200, compared to Wednesday’s prices.
Gold prices cooled off after it rose by Rs 630 to a record high of Rs 82,700 per 10 grammes in Delhi on Wednesday. This marks the sixth straight session of gains for the yellow metal. Prices of gold with 99.5% purity rose to Rs 82,330 per 10 grammes, which is a record high for the commodity.
Rates in New Delhi stood at Rs 79,660, while the price in Mumbai was higher at Rs 79,800. In Kolkata, the rate stood at Rs 79,690, while in Bengaluru, the rates crossed Rs 79,860, according to the association. At Rs 80,030, Chennai continued to see the highest rates in the country.