courtesy: Business Today
Retail Gold price today on May 18, 2024
According to the latest data, the retail rate for 24 karat gold is ₹7,601.9 per 10 grams in cities.
This parity in gold rates across regions is relatively uncommon, as prices typically fluctuate due to factors like import costs, local taxes, and market demand. However, the current uniform pricing suggests a period of stability in the domestic bullion trade.
Such steadiness in rates provides a level playing field for consumers across India looking to invest in gold or purchase jewelry. Buyers can be assured they are paying a fair market price, regardless of their location.
Retail Gold price today: Mumbai, Delhi, Bengaluru
Mumbai, known for its enormous bullion market, is currently seeing a rate of ₹7,601.9 per 10 grams for 24K gold.
Similarly, Delhi and Bengaluru, the national capital and IT hub of country respectively, mirrors Mumbai’s pricing, with gold also going for ₹7,601.9 per 10 grams in Delhi markets.
Retail Gold price today: Ahmedabad, Lucknow, Kolkata and other major cities
Gujarat’s Ahmedabad and its neighbouring city Surat is also selling gold at ₹7,601.9 per 10 grams.
Other major cities such as Chennai, Kolkata, and Lucknow has kept up with the nationwide trend, gold rates haven’t deviated, remaining at Rs 7,601.9 per 10 grams.
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.
