Gold price in India on May 31.
Gold Rate Today: Check the gold price measured in Rs per 10 grams in different cities on May 31, 2024.
Gold rates in India today: On May 31, the price of 10 grams of gold remained stable at around Rs 73,000. The price of pure 24-carat gold stood at Rs 72,760 per 10 grams, while 22-carat gold remained stable at around Rs 66,700. The silver market also saw a decline, with prices falling to ₹95,500 per kilogram.
Gold price in India today: Retail gold price on May 31
Check gold prices in various cities today, May 31, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
Delhi | 66,850 | 72,910 |
mumbai | 66,700 | 72,760 |
Ahmedabad | 66,750 | 72,810 |
chennai | 67,300 | 73,420 |
Kolkata | 67,300 | 73,420 |
Gurugram | 66,850 | 72,910 |
Lucknow | 66,850 | 72,910 |
bengaluru | 66,700 | 72,760 |
Jaipur | 66,850 | 72,910 |
patna | 66,750 | 72,810 |
Bhubaneswar | 66,700 | 72,760 |
Hyderabad | 66,700 | 72,760 |
multi-product exchange
On May 31, 2024, the Multi Commodity Exchange (MCX) also saw a slight decrease in trading of gold futures contracts expiring on August 5, 2024, resulting in a trading halt. The price of this contract is Rs 72,178 per 10 grams. The silver futures contract expiring on July 5, 2024 was quoted at Rs 93,304 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.