Today's gold price in India on May 8, 2024. (Representative image)
Gold Price Today: Check gold price in Rs/10 grams in various cities on May 8, 2024.
Gold rates in India today: On May 8, the price of 10 grams of gold remained firm at around Rs 72,000. The price of pure 24-carat gold is Rs 72,390 per 10 grams, while the price of 22-carat gold is approximately Rs 66,360. On the other hand, the silver market increased to Rs 85,100 per kilogram.
Gold price in India today: Retail gold price for May 8
Check gold prices in various cities today on May 8, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
Delhi | 66,510 | 72,540 |
mumbai | 66,360 | 72,390 |
Ahmedabad | 66,410 | 72,440 |
chennai | 66,410 | 72,440 |
Kolkata | 66,360 | 72,390 |
Gurugram | 66,510 | 72,540 |
Lucknow | 66,510 | 72,540 |
bengaluru | 66,360 | 72,390 |
Jaipur | 66,510 | 72,540 |
Patna | 66,410 | 72,440 |
Bhubaneswar | 66,360 | 72,390 |
Hyderabad | 66,360 | 72,390 |
multi-product exchange
On May 8, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. The price of this contract is Rs 71,200 per 10 grams. Additionally, the silver futures contract expiring on July 5, 2024 was quoted at Rs 82,962 on MCX.
retail cost of gold
Retail gold prices in India, which represent the ultimate cost per unit weight for consumers purchasing gold, are subject to a variety of influences beyond the intrinsic value of the metal.
In India, gold has tremendous cultural significance, serving as a valuable investment and maintaining traditional associations with weddings and festivals.
Amid constant market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.