Gold Price Today : In many cities of the country, the rate of gold is running above Rs 60,000, but today a declining trend was seen in it.
At around 9:30 in the morning, the price of 10 grams of 24 carat gold was Rs 60,330. Whereas, the cost of 22 carat gold is Rs 55,300. The price of silver in the bullion market was Rs 73 thousand per kg. Gold plays an important role in cultural significance, investment value, weddings and festivals.
Retail gold price
In Chennai, 22 carat gold was priced at Rs 55,700 per 10 grams. Similarly, the retail price of 24K gold per 10 grams in the capital city of Tamil Nadu is Rs 60,760. In Coimbatore too, gold rates for both the categories are similar. 22K Gold price in western city of Ahmedabad is Rs.55,350. The retail price of 24K gold in the city is Rs 60,380 per 10 grams.
Gold price in mcx
On June 6, gold futures maturing on August 04, 2023, was trading at Rs 59,865 on the Multi Commodity Exchange. On the other hand, silver maturing on July 05 was at Rs 72,010.
| City | 22 carat 10 gram gold price in rupees | 24 carat 10 gram gold price in rupees |
| Delhi | 55,450 | 60,480 |
| Mumbai | 55,300 | 60,330 |
| Kolkata | 55,300 | 60,330 |
| Lucknow | 55,450 | 60,480 |
| Bangalore | 55,350 | 60,380 |
| Jaipur | 55,450 | 60,480 |
| Patna | 55,350 | 60,380 |
| Bhubaneswar | 55,300 | 60,330 |
| Hyderabad | 55,300 | 60,330 |
Gold prices in India generally depend on global economic conditions, inflation rates, currency fluctuations, and local demand and supply. India’s gold imports, which have an impact on the current account deficit, are set to fall by 24.15 per cent to USD 35 billion in 2022-23. Gold imports in 2021-22 stood at USD 46.2 billion. However, silver imports increased by 6.12 per cent to $5.29 billion during the last fiscal.
