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Business / Thu, 02 May 2024 News18

Gold Price Falls In India: Check 22 Carat Rate In Your City On May 02

Gold Rate Today In India: As of May 2nd, the price of 10 grams of gold remained steady, staying close to Rs 71,000. Pure 24-carat gold was priced at Rs 71,500 per 10 grams, while 22-carat gold retained its value at approximately Rs 65,540. Gold rate today in India: Retail gold price on May 02Check gold rates today in different cities on May 02, 2024; (In Rs/10 grams)City 22 Carat Gold Price 24-Carat Gold Price Delhi 65,690 71,650 Mumbai 65,540 71,500 Ahmedabad 65,590 71,550 Chennai 66,340 72,370 Kolkata 65,540 71,500 Gurugram 65,690 71,650 Lucknow 65,690 71,650 Bengaluru 65,540 71,500 Jaipur 65,690 71,650 Patna 65,590 71,550 Bhubaneshwar 65,540 71,500 Hyderabad 65,540 71,500Multi Commodity ExchangeOn May 02, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. Retail Cost of GoldThe 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.

Gold Rate Today In India: As of May 2nd, the price of 10 grams of gold remained steady, staying close to Rs 71,000. Pure 24-carat gold was priced at Rs 71,500 per 10 grams, while 22-carat gold retained its value at approximately Rs 65,540. Conversely, the silver market experienced a downturn, dropping to Rs 82,900 per kilogram.

Gold rate today in India: Retail gold price on May 02

Check gold rates today in different cities on May 02, 2024; (In Rs/10 grams)

City 22 Carat Gold Price 24-Carat Gold Price Delhi 65,690 71,650 Mumbai 65,540 71,500 Ahmedabad 65,590 71,550 Chennai 66,340 72,370 Kolkata 65,540 71,500 Gurugram 65,690 71,650 Lucknow 65,690 71,650 Bengaluru 65,540 71,500 Jaipur 65,690 71,650 Patna 65,590 71,550 Bhubaneshwar 65,540 71,500 Hyderabad 65,540 71,500

Multi Commodity Exchange

On May 02, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 71,111 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 81,360 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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