Gold Rate Today in India: On June 5, the price of 10 grams of gold was around 72 thousand rupees. Pure 24 carat gold was priced at Rs 72,880 per 10 grams, while 22 carat gold was around Rs 66,810 per 10 grams. However, silver prices fell to Rs 94,100 per kg.

India’s dependence on imported gold is largely influenced by domestic prices, which closely reflect global trends. Additionally, the cultural significance of gold in India, especially during festivals and weddings, may affect demand levels.

Gold Price in India Today: Retail Gold Price on 05th June

Check gold rates in different cities today on 05 June 2024. (in Rs./10 grams)

City 22 carat gold price 24 carat gold price
Delhi 66,960 73,030
Mumbai 66,810 72,880
Ahmedabad 66,860 72,930
Chennai 67,460 73,590
Kolkata 66,810 72,880
Gurugram 66,960 73,030
Lucknow 66,960 73,030
Bengaluru 66,810 72,880
Jaipur 66,960 73,030
Patna 66,860 72,930
Bhubaneswar 66,810 72,880
Hyderabad 66,810 72,880

Multi Commodity Exchange

On June 05, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024. The price of these contracts was Rs 72,136 per 10 grams. Silver futures for expiry on July 05, 2024 were quoted at Rs 89,580 on MCX.

Retail price of gold

The retail price of gold in India, reflecting the final cost per unit weight to consumers, is influenced by several factors beyond the intrinsic value of the metal.

Gold holds considerable cultural significance in India, serving as a key investment and playing an essential role in traditional weddings and festivals.

Amid the ongoing volatility in the market, investors and traders keep a close eye on these dynamics. Stay tuned for more updates on this developing story.

Top Videos

see all

  • Chandrababu Naidu-Nitish Kumar should remember how they were treated in the past: UBT Shiv Sena | N18ER

  • President Draupadi Murmu will host a farewell dinner for the current cabinet at 8 pm. News 18 | N18ER

  • Results 2024 | “Today’s meeting is to ratify the NDA government,” top Mahawati sources said N18ER

  • Uddhav Thackeray will not go to Delhi to attend the India meeting. Lok Sabha Election Results N18ER

  • Lok Sabha Results | What could be the possible demands of Nitish Kumar’s JD(U)? | News 18 | N18ER

  • Nimat Singh Sengar

    Namath writes on personal finance, economy and brands. Currently collaborating.

    First Publication: June 05, 2024, 09:30 IST

    Source link