Today's gold price in India on May 16, 2024. (Representative image)
Gold Price Today: Check gold price in Rs/10 grams in various cities on May 16, 2024.
Gold rates in India today: On May 16, the price of 10 grams of gold remained firm at around Rs 72,000. Pure 24-carat gold was valued at Rs 73,260 per 10 grams, while the price of 22-carat gold remained at around Rs 67,160. Meanwhile, the silver market rose to Rs 87,700 per kilogram.
Current Gold Price in India: Retail Gold Price for May 16
Check gold prices in various cities today, May 16, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
Delhi | 67,310 | 73,410 |
mumbai | 67,160 | 73,260 |
Ahmedabad | 67,210 | 73,310 |
chennai | 67,260 | 73,370 |
Kolkata | 67,160 | 73,260 |
Gurugram | 67,310 | 73,410 |
Lucknow | 67,310 | 73,410 |
bengaluru | 67,160 | 73,260 |
Jaipur | 67,310 | 73,410 |
Patna | 67,210 | 73,310 |
Bhubaneswar | 67,160 | 73,260 |
Hyderabad | 67,160 | 73,260 |
multi-product exchange
On May 16, 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 73,095 per 10 grams. Additionally, the silver futures contract expiring on July 5, 2024 was quoted at Rs 87,174 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.