Retail Gold Price Today: Yellow metal softens across major cities as it hovers around Rs. 7,340 / 10 gms

Retail Gold price today on June 24, 2024

The downward trend in gold prices persists across major Indian cities, with rates for 24 karat purity hovering around the Rs. 7,340 per 10 grams mark in most markets.

Advertisement

Retail Gold price today: Mumbai, Delhi, Ahmedabad

The financial hub Mumbai presents a slightly lower rate at Rs. 7,339.8 per 10 grams. The national capital Delhi follows suit with gold priced at Rs. 7,339.5 per 10 grams.

Ahmedabad currently offers the most competitive rate among major cities, with 24K gold available at Rs. 7,338.8 per 10 grams.

Retail Gold price today: Bengaluru, Chennai, Kolkata and other major cities

In the southern region, Chennai sees gold trading at Rs. 7,340.3 per 10 grams, while Kolkata in the east offers 24K gold at Rs. 7,340.1 per 10 grams.

Lucknow currently leads with the highest rate for 24K gold at Rs. 7,341.9 per 10 grams. Bengaluru follows closely, quoting Rs. 7,340.8 per 10 grams.

This continued softening of gold prices comes amidst a complex global economic landscape. Factors contributing to this trend include a robust US dollar, rising bond yields, and cautious investor sentiment towards safe-haven assets.

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.