The price of 24-karat gold on Wednesday stood at ₹1,54,800 per 10 grams, including all taxes, up from ₹1,54,700 on Tuesday.
Among major cities, gold was priced at ₹1,54,854 per 10 grams in Mumbai, ₹1,54,700 in Delhi, Bengaluru and Pune, and ₹1,56,092 in Ahmedabad.
Gold in Chennai is priced at ₹1,56,158.
Silver prices for 10 grams stood at ₹2,655 in Delhi, ₹2,656.98 in Mumbai, and ₹2,653 in Bengaluru.
Spot gold fell 0.3% to $4,471.38 per ounce by 0511 GMT, after gaining more than 1% in the previous session.
U.S. gold futures for August delivery slipped 0.5% to $4,499.30.
The market is now looking at the possibility that this ceasefire with Iran may not hold even though Trump is going to push for a peace deal resolution.
If we start to see further escalation, that could also dampen whatever recovery that gold might have had.
