Today's gold price in India on May 16, 2024. (Representative image)
Gold price today: Check the gold price in various cities on June 7, 2024
Gold rates in India today: On June 7, the price of 10 grams of gold remained at around Rs 73,000. The price of pure 24-carat gold stood at Rs 73,430 per 10 grams, while 22-carat gold remained at around Rs 67,310 per 10 grams. However, the price of silver fell to Rs 93,600 per kg.
India's dependence on gold imports significantly affects domestic prices, which closely reflect global trends. Additionally, the cultural significance of gold in India, especially during festivals and weddings, may influence the level of demand.
Gold price in India today: Retail gold price on June 7
Check gold prices in various cities today, June 7, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
Delhi | 67,460 | 73,580 |
mumbai | 67,310 | 73,430 |
Ahmedabad | 67,360 | 73,480 |
chennai | 68,010 | 74,190 |
Kolkata | 67,310 | 73,430 |
Gurugram | 67,460 | 73,580 |
Lucknow | 67,460 | 73,580 |
bengaluru | 67,310 | 73,430 |
Jaipur | 67,460 | 73,580 |
Patna | 67,360 | 73,480 |
Bhubaneswar | 67,310 | 73,430 |
Hyderabad | 67,310 | 73,430 |
multi-product exchange
On June 7, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 5, 2024. The price of this contract is Rs 73,349 per 10 grams. The silver futures contract expiring on July 5, 2024 was quoted at Rs 94,014 on MCX.
retail cost of gold
The retail price of gold in India, which reflects the final cost per unit weight to the consumer, is influenced by many factors beyond the metal's intrinsic value.
Gold has significant cultural significance in India, serving as a key investment and playing an essential role in traditional weddings and festivals.
Amid constant market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.