courtesy: goodreturns
Retail Gold price today on May 23, 2024
For those looking to invest in gold or purchase jewelry, the latest retail rates across major metropolitan cities in India have shown a decline. Gold prices often fluctuate based on factors such as import costs, market demand, currency rates, and local taxes, leading to variations across different regions.
The rates have dipped across the board, with prices ranging from around Rs 7,464 to Rs 7,472 per 10 grams of 24K gold. While the differences may seem small, these fluctuations can add up, especially for larger purchases of gold coins, bars, or jewelry.
Retail Gold price today: Mumbai, Delhi, Bengaluru
The financial capital, known for its robust bullion market, is currently seeing retail gold priced at Rs 7,472.2 per 10 grams, the highest among the major cities listed.
The IT hub of Bengaluru has the lowest retail price for gold at Rs 7,464.4 for every 10 grams among the cities listed.
In the nation’s capital city of Delhi, retail gold rates are slightly lower at Rs 7,469.5 per 10 grams, reflecting factors like local demand and taxes.
Retail Gold price today: Ahmedabad, Lucknow, Kolkata and other major cities
In the industrial center of Ahmedabad, retail gold is currently going for Rs 7,465.4 per 10 grams, among the lower end of the rates across the metro cities.
The coastal city of Chennai has retail gold priced at Rs 7,467.8 per 10 grams, falling in the mid-range of the rates.
Kolkata, located farther from major ports and bullion markets, sees retail gold priced at Rs 7,467.9 per 10 grams, similar to rates in Chennai.
In the cultural capital of Uttar Pradesh, Lucknow, retail gold rates are Rs 7,467.1 for every 10 grams, also falling in the mid-range among the listed 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.
