Retail Gold Price today: Precious metal hover around ₹7,615 / 10 gms in major cities

Retail Gold price today on May 21, 2024

According to recent data, here are the current 24 Karat gold rates per 10 grams in some of the country’s major metropolitan areas:

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While the differences may seem marginal, ranging from around Rs 7,615 to Rs 7,617 per 10 grams, these variations can add up, especially for larger purchases of gold coins, bars, or jewelry. It highlights how local economic conditions and market forces can influence gold pricing from city to city.

For consumers, it’s essential to monitor live gold rates from trusted jewelers in their specific location before making a purchase. This ensures they’re paying a fair market price that accounts for the unique factors impacting rates in their area.

Retail Gold price today: Mumbai, Delhi, Bengaluru

As India’s financial capital and a major bullion hub, Mumbai sees a rate of Rs 7,615.8 per 10 grams for 22K gold, which is among the lower end compared to other metros.

The nation’s capital city, Delhi, has a slightly higher rate of Rs 7,617.0 for 10 grams of gold. As an economic powerhouse, Delhi’s rates are influenced by factors like local demand and taxes.

In the IT hub of Bengaluru, gold is currently priced at Rs 7,617.2 per 10 grams, slightly higher than Delhi. The city’s rising affluence and strong demand may contribute to the elevated rates.

Retail Gold price today: Ahmedabad, Lucknow, Kolkata and other major cities

The industrial and economic center of Ahmedabad sees gold priced at Rs 7,617.1 per 10 grams, similar to rates in Bengaluru and Delhi.

In the coastal city of Chennai, the going rate for 10 grams of gold is Rs 7,616.4, slightly lower than the other major metros but still within the range. Meanwhile, Kolkata, located farther from major ports and bullion markets, currently has the highest rate of Rs 7,617.2 per 10 grams for 22K gold.

In the cultural capital of Uttar Pradesh, Lucknow, gold is priced at Rs 7,616.9 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.