Gold Rate Today: Check gold prices today in different Indian cities on July 01, 2024
Gold Rate Today In India: On July 01, the price of 10 grams of gold was approximately Rs 72,000. Pure 24-carat gold was valued at Rs 72,270 per 10 grams, while 22-carat gold was priced at Rs 66,240 per 10 grams. Meanwhile, the price of silver fell to Rs 89,900 per kilogram.
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Gold rate today in India: Retail gold price on July 01
Check gold rates today in different cities on July 01, 2024; (In Rs/10 grams)
| CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE |
| Delhi | 66,390 | 72,410 |
| Mumbai | 66,240 | 72,270 |
| Ahmedabad | 66,290 | 72,310 |
| Chennai | 66,840 | 72,920 |
| Kolkata | 66,240 | 72,270 |
| Gurugram | 66,390 | 72,410 |
| Lucknow | 66,390 | 72,410 |
| Bengaluru | 66,240 | 72,270 |
| Jaipur | 66,390 | 72,410 |
| Patna | 66,290 | 72,310 |
| Bhubaneshwar | 66,240 | 72,270 |
| Hyderabad | 66,240 | 72,270 |
Multi Commodity Exchange
On July 01, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024, at Rs 71,550 per 10 grams. Silver futures contracts expiring on September 05, 2024, were quoted at Rs 89,433 on the MCX.
India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.
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Retail Cost of Gold
The retail price of gold in India, which represents the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.
Gold carries significant cultural importance in India, acting as a major investment and playing a crucial role in traditional weddings and festivals.
