Retail Gold price today on June 29, 2024
The gold market in India is showing signs of stability, with prices for 24 karat purity hovering around the Rs. 7,351 per 10 grams mark across major cities.
Retail Gold price today: Mumbai, Delhi, Bengaluru
In the western region, Ahmedabad sees gold trading at Rs. 7,350.9 per 10 grams, while Bengaluru registered a slight rise in the price at Rs. 7,351.5 per 10 grams. The national capital Delhi is quoting gold at Rs. 7,351.1 per 10 grams, while Mumbai, the financial hub, offers it at Rs. 7,351.0 per 10 grams.
Retail Gold price today: Chennai, Kolkata, and other major cities
Chennai currently leads with the highest rate for 24K gold at Rs. 7,351.9 per 10 grams, while Kolkata in the east presents a slightly lower rate at Rs. 7,350.5 per 10 grams.
Lucknow currently offers the most competitive rate among major cities, with 24K gold available at Rs. 7,350.0 per 10 grams, albeit by a narrow margin.
Jewelers across the country are cautiously optimistic about this price stability. Many are using this period to fine-tune their inventory strategies and prepare attractive offerings for the anticipated increase in demand during the latter part of the year.
However, financial experts remind potential buyers that the gold market remains sensitive to global economic indicators and geopolitical events. They advise consumers to stay informed about market trends and consider their long-term financial goals when making gold purchases, whether for investment or consumption.
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.
