Retail Gold price today on June 28, 2024
In a significant market shift, gold prices have bounced back across key Indian cities, with rates for 24 karat purity settling around the Rs. 7,354 to Rs. 7,355 per 10 grams range.
Retail Gold price today: Mumbai, Delhi, Bengaluru
The IT hub of the country, Bengaluru has priced 24K gold at Rs. 7,354.8 per 10 grams, and it is closely followed by the national capital Delhi offers 24K gold at Rs. 7,354.5 per 10 grams. The financial hub of Mumbai is quoting gold at Rs. 7,354.7 per 10 grams.
Retail Gold price today: Chennai, Kolkata, Ahmedabad and other major cities
All of the cities, Chennai leads the major markets with the highest rate for 24K gold at Rs. 7,355.0 per 10 grams. In the eastern region, Kolkata sees gold trading at Rs. 7,354.6 per 10 grams, while Ahmedabad in the west is not far behind at Rs. 7,354.4 per 10 grams.
Lucknow currently presents the most competitive rate among major cities, with 24K gold available at Rs. 7,354.1 per 10 grams, albeit by a narrow margin.
This resurgence in gold prices comes after a period of decline, reflecting the dynamic nature of the precious metals market. Market analysts attribute this uptick to various factors, including global economic uncertainties, geopolitical tensions, and a slight weakening of the US dollar against major currencies.
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.
