In a day marked by fluctuating trends, the price of gold in India remained resilient, with the fundamental rate for 10 grams holding steady near Rs 70,000. Market analysis revealed that the average price for 10 grams of 24-carat gold hovered around Rs 70,480, while 22-carat gold maintained an average of approximately Rs 64,610.
Investors and traders closely monitored these developments amidst ongoing market volatility. Concurrently, the silver market exhibited an upward trajectory, trending to Rs 82,100 per kilogram. The Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024, priced at Rs 69,389 per 10 grams, and silver futures contracts expiring on May 3, 2024, quoted at Rs 78,890 on the MCX.
The retail gold price on April 5 revealed that in Delhi, 10 grams of 22-carat gold is priced at approximately Rs 64,760, while the rate for 24-carat gold stands at roughly Rs 70,630. In Mumbai, the price for 10 grams of 22-carat gold stands at Rs 64,610, while the equivalent amount of 24-carat gold is valued at Rs 70,480. Similarly, in Ahmedabad, the price for 10 grams of 22-carat gold is Rs 64,660, and for the same amount of 24-carat gold, it’s Rs 70,530.
Gold carries great significance in India due to its cultural importance, its role as a valuable investment, and its traditional connection with weddings and festivals. Stay tuned for further updates on this developing story.
