Today's gold price in India on June 18, 2024. (Representative image)
Gold Price Today June 18, 2024: Check today's gold price in various cities in Rs per 10 grams.
Gold rates in India today: On June 18, the price of 10 grams of gold hovered around Rs 71,000. The price of pure 24-carat gold is Rs 72,320 per 10 grams, while the price of 22-carat gold is Rs 66,290 per 10 grams. On the other hand, the price of silver fell to 90,900 rupees per kg.
Gold price in India today: Retail gold price on June 18
Check gold prices in various cities today, June 18, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
Delhi | 66,440 | 72,470 |
mumbai | 66,290 | 72,320 |
Ahmedabad | 66,340 | 72,370 |
chennai | 66,890 | 72,970 |
Kolkata | 66,290 | 72,320 |
Gurugram | 66,440 | 72,470 |
Lucknow | 66,440 | 72,470 |
bengaluru | 66,290 | 72,320 |
Jaipur | 66,440 | 72,470 |
patna | 66,340 | 72,370 |
Bhubaneswar | 66,290 | 72,320 |
Hyderabad | 66,290 | 72,320 |
multi-product exchange
On June 18, 2024, the Multi Commodity Exchange (MCX) saw gold futures contract expiring on August 5, 2024 trading actively at Rs 71,666 per 10 grams. The silver futures contract expiring on July 5, 2024 was quoted at Rs 89,230 on MCX.
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.
retail cost of gold
The retail price of gold in India, which represents the final cost per unit weight to the consumer, is influenced by a variety of factors beyond the intrinsic value of the metal.
Gold has significant cultural significance in India, serves as a major investment and plays an important role in traditional weddings and festivals.
Amid constant market fluctuations, investors and traders closely watch these dynamics. Stay tuned for further updates on this evolving story.