Retail Gold Price Today: Precious metal hovers around Rs. 7,300 / 10 gms in major Indian cities

Retail Gold price today on June 11, 2024

The retail prices of 24-carat gold, the purest form of the precious metal, have displayed minor disparities across major cities in India. While the differences are nominal, they underscore the dynamic nature of the gold market and the factors that influence local pricing dynamics.

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Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad

Mumbai: In India’s financial hub, the price of 24-carat gold is currently quoted at Rs. 7,307.9 per 10 grams by local jewellers and bullion traders.

Delhi: The national capital has reported the rate of Rs. 7,308.1 per 10 grams for 24-carat gold, reflecting a marginal deviation from Mumbai’s pricing.

Bengaluru: In the IT city of Bengaluru, the price of 24-carat gold stands at Rs. 7,308.0 per 10 grams, closely aligning with the rates in other major cities.

Ahmedabad: The city of Ahmedabad in Gujarat has witnessed the price of 24-carat gold settle at Rs. 7,308.1 per 10 grams, mirroring the rate in Delhi.

Retail Gold price today: Chennai, Kolkata and other major cities

Chennai: The southern metropolis of Chennai has seen the rate for 24-carat gold maintained at Rs. 7,308.1 per 10 grams, consistent with the prices in Delhi and Ahmedabad.

Kolkata: In Kolkata, the cultural capital of West Bengal, the price of 24-carat gold is currently quoted at Rs. 7,308.3 per 10 grams, showcasing a slight premium.

Lucknow: The city of Lucknow in Uttar Pradesh has reported the rate of Rs. 7,308.2 per 10 grams for 24-carat gold, closely aligning with the prices in other metropolitan 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.