Gold Rate Today: Precious Yellow metal registers consistent growth on its price by rising again

Gold Rate Today Rises on Economic Worries

The gold rate today on May 18, 2024, stood at ₹73,750 per 10 grams for June delivery contracts, as per the Multi Commodity Exchange (MCX), marking a gain of ₹39 or 0.05% compared to the previous close.

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The rates for the yellow metal has been consistently rising on a consistent rate, indicating a stability in the bullion market.

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 ₹75,962.5 per 10 grams. Price may vary in each city depending on demand and supply and local traders.

The rise in the gold rate today came amid volatility in the bullion market, with the yellow metal finding support from concerns over slowing economic growth and elevated inflation levels.

 

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.