Gold Rate Today rises on Economic Worries
The gold rate today on June 7, 2024, stood at ₹73,339 per 10 grams for August delivery contracts, as per the Multi Commodity Exchange (MCX), marking a rise of ₹208 or 0.28% compared to the previous close.
On Friday, the precious metal registers registers another rise in its price for 10 grams. One of the reasons for gold to rise is Indian Rupee gaining its ground against US Dollar.
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 ₹75,539 per 10 grams. Price may vary in each city depending on demand and supply and local traders.
The stable gold rates provide some respite to consumers looking to buy the yellow metal for investment or wedding purposes. However, experts advise tracking price movements carefully before making big-ticket purchases.
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.
