courtesy: CNBC
Retail Gold price today on June 5, 2024
In a welcome development for gold buyers and investors, the retail prices of the precious metal have remained largely stable across major Indian cities.
Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad
In Mumbai, the financial heart of India, the retail price of 22-carat gold is currently at Rs. 7,512.5 per 10 grams. The city’s gold market has seen steady demand from both investors and jewellery buyers.
The national capital Delhi has reported the price of 22-carat gold at Rs. 7,512.6 per 10 grams. The rates have remained relatively stable in recent trading sessions, according to local bullion traders.
Ahmedabad, the largest city in Gujarat, has witnessed the price of 22-carat gold holding steady at Rs. 7,512.7 per 10 grams. The city’s jewellery market has seen consistent footfall despite the recent fluctuations in gold prices.
In Bengaluru, the tech capital of India, the rate for 22-carat gold stands at Rs. 7,515.3 per 10 grams. The slight premium in prices compared to other cities is attributed to strong local demand and market dynamics.
Retail Gold price today: Chennai, Kolkata and other major cities
Chennai, the southern metropolis, has recorded the price of 22-carat gold at Rs. 7,515.2 per 10 grams. The city’s gold market has been resilient, with buyers taking advantage of the current price levels.
In Kolkata, the cultural capital of India, the retail price of 22-carat gold is Rs. 7,514.6 per 10 grams. The city’s jewellers have reported steady sales, particularly for wedding-related purchases.
Lucknow, the city of Nawabs, has seen the price of 22-carat gold settle at Rs. 7,515.4 per 10 grams. The local gold market has witnessed a balanced demand from both investors and jewellery buyers.
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.
