Gold price in India was lower at Rs 86,980 per 10 grams as of 6:55 a.m. on March 13, according to the India Bullion Association.

The rates in New Delhi stood at Rs 86,670 per 10 grams, according to the association. The price in Mumbai was higher at Rs 86,820. In Kolkata, the rate stood lower at Rs 86,710. While in Bengaluru, the rate crossed Rs 86,890. With the price at Rs 87,070, Chennai continued to see the highest rate in the country.

Gold prices in the national capital witnessed a marginal increase on Wednesday, driven by modest retail buying and jewellery demand, as per the All India Sarafa Association. The price of 99.9% pure gold rose by Rs 60 to Rs 88,850 per 10 grams, up from Rs 88,790 per 10 grams on Tuesday.

Silver prices also saw surge in prices, climbing Rs 1,300 to reach a nearly three-week high of Rs 1,00,200 per kg. In March so far, the lowest prices were recorded at the beginning of the month, at Rs 84,640.