Retail Gold price today on July 4, 2024
Gold rates have skyrocketed across India, with 24 karat purity prices exceeding Rs. 7,425 per 10 grams in all major cities. Let’s compare the rates across different regions:
Retail Gold price today: Mumbai, Delhi, Bengaluru
Leading the pack are Mumbai, Delhi, and Bengaluru, with negligible differences in their rates. Mumbai tops at Rs. 7,430.4, followed closely by Delhi at Rs. 7,430.3, and Bengaluru at Rs. 7,430.0 per 10 grams. These metropolitan hubs reflect the highest gold prices nationwide.
Retail Gold price today: Chennai, Kolkata, Ahmedabad and other major cities
In western India, Ahmedabad aligns closely with the top-tier cities, quoting gold at Rs. 7,430.2 per 10 grams.
Eastern India sees slightly lower rates, with Kolkata offering gold at Rs. 7,428.9 per 10 grams. Meanwhile, the southern city of Chennai presents a marginally more competitive rate at Rs. 7,428.7 per 10 grams.
Interestingly, Lucknow in northern India currently offers the most attractive price, with gold available at Rs. 7,427.8 per 10 grams – the lowest among the major cities, yet still reflecting the overall surge.
This nationwide price hike, attributed to global economic factors and increased safe-haven demand, showcases a tight price range of just Rs. 2.6 per 10 grams across these diverse urban centers. As the festive season approaches, this uniformity in high prices across India may significantly impact consumer behavior and industry strategies in the gold market.
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.
