Retail Gold price today on May 31, 2024
While the differences may appear marginal, ranging from around Rs. 7,407 to Rs. 7,410 per 10 grams, these variations can add up, especially for larger purchases of gold coins, bars, or jewelry. This highlights how local economic conditions and market forces can influence gold pricing from one metro city to another.
For consumers, it is essential to monitor live gold rates from trusted jewelers in their specific location before making a purchase. This ensures they are paying a fair market price that accounts for the unique factors impacting rates in their area.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Mumbai, the financial capital, known for its robust bullion market, currently has the lowest retail rate for gold at Rs. 7,407.2 per 10 grams among the listed cities.
The nation’s capital, Delhi, witnesses a slightly higher rate of Rs. 7,408.9 for 10 grams of 22K gold compared to Mumbai.
The industrial hub of Ahmedabad has a retail gold rate of Rs. 7,409.0 per 10 grams, closely following the rates in Delhi.
The IT city of Bengaluru has gold priced at Rs. 7,409.2 per 10 grams, marginally higher than the rates in Ahmedabad.
Retail Gold price today: Chennai, Kolkata, and other major cities
The coastal city of Chennai has a retail gold rate of Rs. 7,409.6 per 10 grams, slightly higher than the rates in Bengaluru.
Kolkata, located farther from major ports and bullion markets, sees retail gold priced at Rs. 7,409.9 per 10 grams, among the higher end of the listed rates.
In the cultural capital of Uttar Pradesh, Lucknow, gold is currently priced at Rs. 7,410.3 for every 10 grams, the highest rate among the listed cities.
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.
