Gold Rate Today In India: On June 07, the price of 10 grams of gold stayed around Rs 73,000. Pure 24-carat gold was priced at Rs 73,430 per 10 grams, while 22-carat gold stayed at about Rs 67,310 per 10 grams. However, the price of silver dropped to Rs 93,600 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 07
Check gold rates today in different cities on June 07, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On June 07, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024. These contracts were priced at Rs 73,349 per 10 grams. Silver futures contracts expiring on July 05, 2024, were quoted at Rs 94,014 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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