Gold Rate Today Rises In India: Check 22 Carat Price In Your City On June 05

Gold Rate Today In India: On June 05, the price of 10 grams of gold maintained stability at around Rs 72,000. Pure 24-carat gold was valued at Rs 72,870 per 10 grams, while 22-carat gold remained steady at about Rs 66,810 per 10 grams. Conversely, the silver market experienced a downturn, with prices declining to Rs 94,000 per kilogram.

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.

Gold rate today in India: Retail gold price on June 05

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

Multi Commodity Exchange

On June 05, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024. These contracts were priced at Rs 72,339 per 10 grams. Silver futures contracts expiring on July 05, 2024, were quoted at Rs 92,255 on the MCX.

Retail Cost of Gold

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

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

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.