Gold rate today in India: Know retail gold price trends on April 07
Gold Rate Today In India: During a week characterised by shifting trends, the price of gold in India rose on April 07, with the base rate for 10 grams remaining at approximately Rs 71,000. Market analysis indicated that the average price for 10 grams of 24-carat gold hovered around Rs 71,290, while 22-carat gold maintained an average of about Rs 65,350.
Investors and traders closely monitored these developments amidst ongoing market volatility. Stay tuned for further updates on this developing story.
Concurrently, the silver market exhibited an upward trajectory, trending to Rs 83,500 per kilogram.
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Gold rate today in India: Retail gold price on April 07
Gold Rate Today In Delhi
As of April 07, 2024, the price of 10 grams of 22-carat gold in Delhi is approximately Rs 65,500, while the rate for 10 grams of 24-carat gold stands at roughly Rs 71,440.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 65,350, while the equivalent amount of 24-carat gold is valued at Rs 71,290.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 65,400, and for the same amount of 24-carat gold, it’s Rs 71,340.
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Check gold rates today in different cities on April 07, 2024; (In Rs/10 grams)
| CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE |
| Chennai | 66,150 | 72,160 |
| Kolkata | 65,350 | 71,290 |
| Gurugram | 65,500 | 71,440 |
| Lucknow | 65,500 | 71,440 |
| Bengaluru | 65,350 | 71,290 |
| Jaipur | 65,500 | 71,440 |
| Patna | 65,400 | 71,340 |
| Bhubaneshwar | 65,350 | 71,290 |
| Hyderabad | 65,350 | 71,290 |
Multi Commodity Exchange
On April 07, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 70,599 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 80,850 on the MCX.
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Retail Cost of Gold
The gold price in India, often referred to as the retail gold price, reflects the final cost per unit weight paid by consumers when purchasing gold. This price is influenced by numerous factors beyond the inherent value of the metal.
Gold carries great significance in India because of its cultural importance, its role as a valuable investment, and its traditional connection with weddings and festivals.
