Gold Price Today In India: The price of gold in retail in India fell below Rs 59,000 in many cities on the day of Bakrid, June 29. The price of 10 grams of 24 carat gold was Rs 58,960. The price of gold in 22 carat category stood at Rs 54,050. Whereas the price of silver was Rs 71,900 per kg.
Gold Price Today In India: The price of gold in retail in India fell below Rs 59,000 in many cities on the day of Bakrid, June 29. The price of 10 grams of 24 carat gold was Rs 58,960. The price of gold in 22 carat category stood at Rs 54,050. Whereas the price of silver was Rs 71,900 per kg. On June 28, gold futures maturing on August 4, 2023, was trading at Rs 58,080 on the Multi Commodity Exchange (MCX). Whereas, silver maturing on July 5 stood at Rs 70,152.
Here is the gold rate in other cities
The price of 22 carat gold in Noida was Rs.54,200 per 10 grams. And for 24 carat, customers will have to pay Rs 59,110 per 10 grams. In Chennai, 22 carat gold was priced at Rs 54,460 per 10 grams. The retail price of 24K gold in the capital city of Tamil Nadu is Rs 59,410 per 10 grams. Talking about the gold rate in other cities, the retail price of gold in Ahmedabad is Rs.54,100 for 22K gold. The retail price of 24K gold in Ahmedabad was Rs.59,010 per 10 grams.
| City | 22 carat 10 gram gold price in rupees | 24 carat 10 gram gold price in rupees |
| Delhi | 54,200 | 59,110 |
| Mumbai | 54,050 | 58,960 |
| Kolkata | 54,050 | 58,960 |
| Lucknow | 54,200 | 59,110 |
| Bangalore | 54,050 | 58,960 |
| Jaipur | 54,200 | 59,110 |
| Patna | 54,100 | 59,010 |
| Bhubaneswar | 54,050 | 58,960 |
| Hyderabad | 54,050 | 58,960 |
Gold prices are fixed on this basis
Demand and Supply: The price of gold is largely determined by the demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the global economy is performing poorly, investors will look to gold as a safe haven. This will increase the price of gold.
