Gold rate today: Yellow metal's prices surge; check the latest rates in your city on July 11

Gold rate today: Yellow metal’s August contracts on the MCX opened at Rs 97,252 per 10 grams today.

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Gold prices continued to rise on July 11. Gold’s August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,252 per 10 grams today.

Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on July 11:

(According to data on Good Returns) 

“Comex Gold ended marginally higher in the last session, gaining 0.3%, supported by safe-haven demand amid ongoing policy uncertainty and rising geopolitical tensions in the Red Sea. This upside came despite a stronger dollar and rising U.S. Treasury yields. Prices also found support following the release of the FOMC minutes, which showed a divided Fed, keeping rate-cut expectations alive. With no major data releases scheduled for today, gold is likely to remain range-bound in the near term,” said Axis Securities.

Notably, silver has hit an all-time high today, crossing the Rs 1.11 lakh per kg-mark for the first time ever on MCX.

Also read: Jewellery firms lose sparkle as soaring gold prices hit buyer growth, alter sales mix

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.