Gold Rate Today In India: On May 28, the price of 10 grams of gold remained steady at approximately Rs 72,000. Pure 24-carat gold was priced at Rs 72,720 per 10 grams, while 22-carat gold held stable at around Rs 66,660. In contrast, the silver market saw an upward trend, with prices increasing to Rs 93,100 per kilogram.
Gold rate today in India: Retail gold price on May 28
Check gold rates today in different cities on May 28, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On May 28, 2024, the Multi Commodity Exchange (MCX) saw muted trading in gold futures contracts expiring on June 5, 2024, and was trading down. These contracts were priced at Rs 71,910 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 94,640 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.
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