Retail Gold Price: Yellow metal hovers around Rs. 7,390 / 10 gms in major Indian cities

Retail Gold price today on June 20, 2024

Gold rates have surged across key markets in the country, with prices for 24 karat purity crossing the Rs. 7,390 per 10 grams mark in most cities today.

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Retail Gold price today: Mumbai, Delhi, Bengaluru, Ahmedabad

The national capital Delhi and the western city of Ahmedabad follow closely with rates of Rs. 7,392.2 and Rs. 7,392.1 respectively per 10 grams.

In Mumbai, the commercial hub, the price for 24 karat gold stands at Rs. 7,391.2 per 10 grams amid firm bullion demand.

The IT capital Bengaluru and the eastern metropolis Kolkata are seeing rates of Rs. 7,391.9 per 10 grams for 24K purity.

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

The northern city of Lucknow is witnessing the highest rate at Rs. 7,392.8 per 10 grams for 24K gold among the major centres, according to the latest data from bullion associations.

Gold buyers in the southern city of Chennai get a relatively better deal at Rs. 7,391.7 per 10 grams for 24 karat gold.

The latest spike in domestic prices has been triggered by a rally in global bullion markets, where safe-haven demand for the precious metal has surged amid renewed economic uncertainties and geopolitical tensions.

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.