Retail Gold price today on June 27, 2024
The downward trend in gold prices persists across major Indian cities, with rates for 24 karat purity now hovering around the Rs. 7,290 to Rs. 7,295 per 10 grams range.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Mumbai currently leads the major markets with the highest rate for 24K gold at Rs. 7,294.6 per 10 grams, followed closely by Delhi at Rs. 7,294.5 and Ahmedabad at Rs. 7,294.4 per 10 grams.
Meanwhile, Bengaluru offers 24K gold at Rs. 7,292.6 per 10 grams.
Retail Gold price today: Kolkata, Lucknow and other major cities
Kolkata currently presents the most competitive rate among major cities, with 24K gold available at Rs. 7,292.1 per 10 grams.
Lucknow in the north quotes gold at Rs. 7,293.1 per 10 grams, while southern cities are seeing slightly lower rates, as Chennai follows at Rs. 7,292.4 per 10 grams.
This continued decline in gold prices can be attributed to various global economic factors, including a strong US dollar, rising bond yields, and optimistic economic outlooks in major economies. These elements typically reduce the appeal of gold as a safe-haven asset.
