Retail Gold price today on July 3, 2024
Gold rates have seen a significant uptick across India’s key markets, with 24 karat purity prices crossing the Rs. 7,375 per 10 grams mark in most cities.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Mumbai leads the pack with the highest rate at Rs. 7,380.3 per 10 grams, showing a notable premium over other metros. It is closely followed by Ahmedabad at Rs. 7,377.1 per 10 grams.
Delhi and Bengaluru have registered their gold prices competitive of one another at Rs. 7,376.8 and Rs. Rs. 7,376.1, respectively.
Retail Gold price today: Chennai, Kolkata, and other major cities
In the western region, Kolkata is leading, following Mumbai, at Rs. 7,377.6. Other major cities are clustered closely, with Lucknow at Rs. 7,376.9, Delhi at Rs. 7,376.8, and Chennai at Rs. 7,376.7 per 10 grams. Bengaluru offers the most competitive rate at Rs. 7,376.1.
This surge is attributed to global economic uncertainties and increased safe-haven demand. As the festive season approaches, jewelers are optimistic about consumer interest despite higher prices. However, market experts advise buyers to stay informed about price trends and consider long-term investment goals when making gold purchases.
The coming weeks will be crucial in determining how these elevated prices impact consumer behavior and overall market dynamics in India’s gold sector.
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.
