Retail Gold price today on May 28, 2024
The glittering tapestry of gold pricing has unveiled a nuanced mosaic across India’s major metropolitan centers. While certain cities have witnessed a convergence in rates, others have exhibited distinct variations, presenting an intricate tableau for consumers seeking to invest in or acquire the coveted precious metal.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Examining this intricate pricing mosaic, we find that the financial powerhouse of Mumbai has emerged as the city with the highest quoted rate of Rs. 7,426.0 per 10 grams of gold.
Concurrently, the national capital, Delhi, has exhibited a marginally lower rate of Rs. 7,425.0 per 10 grams, while the silicon valley of India, Bengaluru, and the industrial center of Ahmedabad have quoted gold at Rs. 7,425.3 and Rs. 7,425.7, respectively, reflecting the nuanced interplay of supply, demand, and regulatory frameworks.
Retail Gold price today: Chennai, Kolkata, and other major cities
Closely following is the coastal metropolis of Chennai, where the precious metal commands a rate of Rs. 7,426.8, reflecting the unique market dynamics of the region.
The cultural hub of Lucknow has also witnessed gold trading at an elevated level of Rs. 7,426.3 per 10 grams, underscoring the influence of local economic factors on precious metal pricing.
Interestingly, the eastern city of Kolkata has emerged as a distinct node in this pricing mosaic, with gold being quoted at Rs. 7,425.5 per 10 grams, potentially influenced by factors such as regional economic conditions and supply chain dynamics.
Note: The retail gold prices are derived from benchmark rates in major bullion markets, with factors like local taxes, making charges, and premiums by jewellers influencing the prices across different cities.
Industry experts suggest tracking retail rates closely, as gold prices often fluctuate based on global cues, currency movements, and demand-supply dynamics in the domestic market.
