Gold Rate Today: The precious metal falls on MCX ending the rising streak; Prices at Rs. 73,950

Gold Rate Today Rises on Economic Worries

The gold rate today on May 21, 2024, stood at ₹73,950 per 10 grams for June delivery contracts, as per the Multi Commodity Exchange (MCX), marking a fall of ₹417 or 0.56% compared to the previous close.

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The gold prices have broken its streak of rise, as after rising for consecutive days, the yellow metal registers a slight plunge.

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 ₹76,168.5 per 10 grams. Price may vary in each city depending on demand and supply and local traders.

The gold rate today has decreased 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.