Retail Gold price today on July 2, 2024
The gold market in India has seen a modest uptick, with prices for 24 karat purity settling around the Rs. 7,367 per 10 grams mark across major cities.
Retail Gold price today: Mumbai, Delhi, Bengaluru
Bengaluru currently presents the most competitive rate among major cities, with 24K gold available at Rs. 7,366.5 per 10 grams, albeit by a narrow margin.
While the national capital Delhi offers 24K gold at Rs. 7,366.7 per 10 grams, closely followed by Mumbai at Rs. 7,367.1 per 10 grams.
Retail Gold price today: Chennai, Kolkata, Ahmedabad and other major cities
In the eastern region, Kolkata sees gold trading at Rs. 7,366.9 per 10 grams. Chennai currently leads the pack with the highest rate for 24K gold at Rs. 7,367.4 per 10 grams, Ahmedabad in the west is close behind at Rs. 7,366.6 per 10 grams.
Lucknow is not far behind, quoting gold at Rs. 7,367.0 per 10 grams.
This slight increase in gold prices reflects the dynamic nature of the precious metals market. Market analysts attribute this uptick to various factors, including global economic uncertainties, geopolitical tensions, and fluctuations in currency exchange rates.
For Indian consumers, particularly those planning purchases for the upcoming festive and wedding seasons, this price movement serves as a reminder of the gold market’s volatility. Many who were waiting for lower prices to make their purchases may now be reassessing their buying strategies.
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.
