Gold Rate Falls In India: Check 22 Carat Price In Your City On June 03

Gold Rate Today In India: On June 3, the price of 10 grams of gold remained steady at around Rs 72,000. Pure 24-carat gold was priced at Rs 72,540 per 10 grams, while 22-carat gold held firm at approximately Rs 66,490 per 10 grams. In contrast, the silver market saw a decline, with prices falling to Rs 93,400 per kilogram.

Since India imports much of its gold, domestic prices follow global trends. On top of that, there’s the cultural significance of gold in India, especially during festivals and weddings, which can also affect demand.

Gold rate today in India: Retail gold price on June 03

Check gold rates today in different cities on June 03, 2024; (In Rs/10 grams)

Multi Commodity Exchange

On May 02, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024. These contracts were priced at Rs 71,359 per 10 grams. Silver futures contracts expiring on July 05, 2024, were quoted at Rs 90,686 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.