Gold Rate Today falls on Economic Worries
The gold rate today on July 1 2024, stood at ₹71,524 per 10 grams for August delivery contracts, as per the Multi Commodity Exchange (MCX), marking a fall of ₹58 or 0.08% compared to the previous close.
On Monday, gold once again plunged by merely 0.08% on MCX. 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 ₹73,669 per 10 grams. Price may vary in each city depending on demand and supply and local traders.
Consumers planning gold purchases for upcoming weddings or festivals are advised to keep a close watch on price trends and consult financial advisors for optimal buying strategies.
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 gold prices may vary across different cities depending on local demand-supply dynamics and premiums charged by traders.
The rise in the gold 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.
