Retail Gold price today on June 26, 2024
The gold market in India has experienced a slight downturn, with prices for 24 karat purity settling around the Rs. 7,320 per 10 grams mark across major cities.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
Delhi currently leads with the highest rate for 24K gold at Rs. 7,321.4 per 10 grams. Ahmedabad follows closely, quoting Rs. 7,321.2 per 10 grams for pure gold.
In the financial capital Mumbai, gold is trading at Rs. 7,320.6 per 10 grams, while Bengaluru presents the most competitive rate among major cities at Rs. 7,320.1 per 10 grams.
Retail Gold price today: Kolkata, Lucknow and other major cities
The eastern metropolis of Kolkata offers 24K gold at Rs. 7,320.3 per 10 grams. In the southern region, Chennai quotes Rs. 7,320.2 per 10 grams, while Lucknow in the north sees rates at Rs. 7,320.5 per 10 grams.
This modest decline in gold prices comes amid a complex interplay of global and domestic factors. Market analysts attribute the dip to a strengthening US dollar and positive economic data from major economies, which typically dampen the appeal of gold as a safe-haven asset.
For Indian consumers, particularly those eyeing purchases for the upcoming festive and wedding seasons, this price correction might present an attractive buying opportunity. Jewelers across the country are cautiously optimistic that the lower prices could stimulate demand, which had been somewhat subdued in recent weeks due to higher rates.
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.
