Gold Price Today: Precious metal remains stable at Rs. 71,000 / 10 gms as it shows no change

Gold Rate remains unchanged on Economic Worries

The gold rate today on June 23 2024, stood at ₹71,585 per 10 grams for August delivery contracts, as per the Multi Commodity Exchange (MCX), submitting 0% or ₹1 change in upward direction, compared to the previous close.

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Retail Gold Rate Today

For those looking to buy gold in the market currently, the rate including 3% Goods and Services Tax (GST) will be around ₹73,732 per 10 grams. Price may vary in each city depending on demand and supply and local traders.

This continued softening of gold prices comes amidst a complex global economic landscape. Factors contributing to this trend include a robust US dollar, rising bond yields, and cautious investor sentiment towards safe-haven assets.

As always, market participants will be monitoring international cues and domestic economic indicators that could influence gold prices in the coming weeks.

Note: It’s important to note that silver prices may vary across different cities depending on local demand-supply dynamics and premiums charged by traders.

The rise in the silver rate today can be attributed to concerns over slowing economic growth and persistent inflationary pressures, which have boosted the safe-haven appeal of precious metals.