Retail Gold price today on May 17, 2024
For those looking to invest in gold or purchase jewelry, staying up-to-date on the current market prices is crucial. Gold rates can fluctuate based on various factors like import costs, currency exchange rates, and local taxes and duties. As a result, prices often vary slightly across different cities in India. While the differences are relatively small, ranging from Rs 7,523.5 to Rs 7,524 per 10 grams, these variations can add up, especially for larger purchases of gold coins, bars, or jewelry.
According to recent data, here are the latest 24 karat gold rates per 10 grams in some of the country’s major metropolitan areas:
Retail Gold price today: Mumbai, Delhi, Bengaluru
As for India’s financial capital and a major bullion hub, Mumbai tends to have competitive gold prices. The rate of Rs 7,523.6 per 10 grams is among the lowest across the major metros.
Delhi and neighboring city Gurugram sees a similar rate of Rs 7,523.5 for 10 grams of 24 K gold. As an economic powerhouse, Delhi’s rates are influenced by the presence of many reputable jewelers.
In the IT hub of Bengaluru, gold is currently priced slightly higher at Rs 7,524 per 10 grams. The city’s rising affluence and demand for precious metals may contribute to the marginally elevated rates.
Retail Gold price today: Ahmedabad, Lucknow, Kolkata and other major cities
Ahmedabad, neighboring Surat, sees the same rate as Mumbai, at Rs 7,523.6 per 10 grams of 24K gold. Strong demand in the region likely keeps prices competitive. Meanwhile, in the coastal city of Chennai, the going rate for 10 grams of gold is Rs 7,523.5, on par with Delhi.
Kolkata, located farther from major ports and bullion markets, sees gold priced at Rs 7,523.6 per 10 grams, similar to cities like Mumbai and Ahmedabad.
The capital of Uttar Pradesh, Lucknow, gold is currently priced at Rs 7,523 for every 10 grams of 24K purity, matching rates in Mumbai, Ahmedabad, and Kolkata.
Note: The retail gold prices are derived from benchmark rates in major bullion markets, with factors like local taxes, making charges, and premiums by jewellers influencing the prices across different cities.
Industry experts suggest tracking retail rates closely, as gold prices often fluctuate based on global cues, currency movements, and demand-supply dynamics in the domestic market.
