Gold Price In India: On May 03, the gold prices in India remained above Rs 60,000 in many cities. At around 11.30 am, 10 grams of 24-carat gold was priced at Rs 61,640 (yesterday Rs 60,760). The same quantity of 22-carat variety cost Rs 56,500 (yesterday it was Rs 55,700. On the other hand, silver was priced at Rs 76,800 (yesterday Rs 76,100) per kilo.
On Multi Commodity Exchange, gold futures maturing on June 05, 2023 were trading at Rs 60,730. On the other hand, Silver, maturing on July 05, was at Rs 76,100.
As far as retail prices in different cities are concerned, 22 carat gold was Rs 57,060/10 grams in Chennai. Similarly, Tamil Nadu’s capital city has Rs 62,240 per 10 grams retail price of 24 carat gold. Coimbatore also has similar prices for both categories of golds.
On the other hand, western city of Ahmedabad has a retail gold price of Rs 55,550 (22 carat). Rs 60,690 per 10 grams is the retail price of 24 carat gold in the city.
Check gold rates in different cities on May 03, 2023; (In Rs/10 grams)
Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics. The price of gold in India is typically quoted in rupees per gram or per 10 grams, and can vary based on the purity of the gold, with 24 karat gold being the purest form.
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