Gold Rate Today Rises In India: Check 22 Carat Price In Your City On May 07

Gold rate today in India on May 07, 2024. (Representative image)

Gold rate today in India on May 07, 2024. (Representative image)

Gold Rate Today: Check gold prices in different cities on May 07, 2024 in Rs/10 grams

Gold Rate Today In India: On May 7th, the cost of 10 grams of gold held firm, hovering around Rs 71,000. Pure 24-carat gold was valued at Rs 72,060 per 10 grams, with 22-carat gold maintaining its price at about Rs 66,060. In contrast, the silver market witnessed an increase, going to Rs 84,100 per kilogram.

Gold rate today in India: Retail gold price on May 07

Check gold rates today in different cities on May 07, 2024; (In Rs/10 grams)

City 22 Carat Gold Price 24-Carat Gold Price
Delhi 66,210 72,210
Mumbai 66,060 72,060
Ahmedabad 66,110 72,110
Chennai 66,110 72,120
Kolkata 66,060 72,060
Gurugram 66,210 72,210
Lucknow 66,210 72,210
Bengaluru 66,060 72,060
Jaipur 66,210 72,210
Patna 66,110 72,110
Bhubaneshwar 66,060 72,060
Hyderabad 66,060 72,060

Multi Commodity Exchange

On May 07, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 71,380 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 82,995 on the MCX.

Retail Cost of Gold

The retail gold price in India, denoting the ultimate cost per unit weight for consumers purchasing gold, is subject to various influences beyond the metal’s inherent value.

In India, gold holds immense cultural significance, serving as a valuable investment and maintaining traditional ties to 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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