For those seeking to invest in the precious yellow metal or purchase gold jewelry, keeping a watchful eye on the latest retail rates is of paramount importance. Gold prices are known to fluctuate based on a myriad of factors, including import costs, market demand, currency rates, and local taxes and levies. Consequently, retail gold rates often exhibit variations across different metropolitan cities in India.
Retail Gold price today on May 30, 2024
While the differences may seem marginal at first glance, ranging from around Rs. 7,394 to Rs. 7,399 per 10 grams of 24 Karat gold, these variations can accumulate, especially for larger purchases of gold coins, bars, or jewelry. This underscores how local economic conditions and market forces can influence gold pricing from one metro city to another.
For consumers, it is imperative to monitor live gold rates from trusted jewelers in their specific location before making a purchase. This ensures they are paying a fair market price that accounts for the unique factors impacting rates in their area.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Mumbai: Rs. 7,394.5 per 10 grams
The financial capital, known for its robust bullion market, currently has the lowest retail rate for gold at Rs. 7,394.5 per 10 grams among the listed cities.
Delhi: Rs. 7,398.5 per 10 grams
The nation’s capital, Delhi, witnesses a higher rate of Rs. 7,398.5 for 10 grams of 24K gold compared to Mumbai.
Ahmedabad: Rs. 7,398.9 per 10 grams
The industrial hub of Ahmedabad currently has the highest retail gold rate at Rs. 7,398.9 per 10 grams among the cities listed.
Bengaluru: Rs. 7,397.7 per 10 grams
The IT city of Bengaluru has gold priced at Rs. 7,397.7 per 10 grams, falling in the mid-range of the listed rates.
Retail Gold price today: Chennai, Kolkata, and other major cities
Chennai: Rs. 7,397.6 per 10 grams
The coastal city of Chennai has a retail gold rate of Rs. 7,397.6 per 10 grams, closely following the rates in Bengaluru.
Kolkata: Rs. 7,397.4 per 10 grams
Kolkata, located farther from major ports and bullion markets, sees retail gold priced at Rs. 7,397.4 per 10 grams.
Lucknow: Rs. 7,396.7 per 10 grams
In the cultural capital of Uttar Pradesh, Lucknow, gold is currently priced at Rs. 7,396.7 for every 10 grams, the second-lowest rate among the listed cities.
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.
