courtesy: news18
Retail Gold price today on May 22, 2024
For those looking to invest in the precious yellow metal or purchase gold jewelry, being aware of the latest retail rates is crucial. Gold prices can fluctuate based on factors like import costs, market demand, currency rates, and local taxes. As a result, there are often minor variations in retail gold rates across different metropolitan cities in India.
According to the most recent data, here are the current rates for 24 karat gold per 10 grams in some of the major metro areas:
While the differences seem marginal, ranging from around Rs 7,590 to Rs 7,594 per 10 grams, these small fluctuations can add up, especially for larger purchases of gold coins, bars, or jewelry.
Retail Gold price today: Mumbai, Delhi, Bengaluru
In the nation’s capital city of Delhi, retail gold rates are slightly higher at Rs 7,593.6 per 10 grams, likely influenced by factors like local demand and taxes.
The financial capital, known for its robust bullion market, is currently seeing retail gold priced at Rs 7,590.8 per 10 grams – the lowest among the major cities listed.
The IT hub of Bengaluru has retail gold priced at Rs 7,594.0 for every 10 grams, similar to rates in cities like Chennai and Kolkata.
Retail Gold price today: Ahmedabad, Lucknow, Kolkata and other major cities
In the industrial center of Ahmedabad, retail gold is currently going for Rs 7,593.7 per 10 grams, just slightly lower than Delhi’s rates.
The coastal city of Chennai has the highest retail price for gold at Rs 7,594.2 per 10 grams among the metro cities listed.
Kolkata, located farther from major ports and bullion markets, sees retail gold priced at Rs 7,594.0 per 10 grams, on par with Bengaluru.
In the cultural capital of Uttar Pradesh, Lucknow, retail gold rates are Rs 7,593.9 for every 10 grams, falling in the mid-range 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.
