Gold Price Today: Yellow metal stay steady at around Rs. 71,000 / 10 gms

Gold Rate Today falls on Economic Worries

The gold rate today on June 19, 2024, stood at ₹71,636 per 10 grams for August delivery contracts, as per the Multi Commodity Exchange (MCX), marking a fall of ₹103 or 0.14% compared to the previous close.


On Wednesday, the precious metal fell by merely 0.14% on MCX indicating stability in the market. The gold prices have recently been indicating volatility, due to the ups the downs in its price.

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 ₹74,113 per 10 grams. Price may vary in each city depending on demand and supply and local traders.

However, with the seasonal demand picking up ahead of festivals and weddings, jewellers are hoping the lower prices could spur robust buying interest from customers across India.

Market participants will continue to monitor global cues and economic factors that tend to influence gold’s safe-haven appeal in the coming weeks.

International gold rates have consolidated after a volatile period earlier this year due to changing economic conditions and fluctuations in the US dollar.

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.