Gold Rate Today In India: On July 03, the price of 10 grams of gold was approximately Rs 72,000. Specifically, pure 24-carat gold was valued at Rs 72,390 per 10 grams, while 22-carat gold was priced at Rs 66,360 per 10 grams. Meanwhile, the price of silver saw an increase, rising to Rs 91,500 per kilogram.
Gold rate today in India: Retail gold price on July 03
Check gold rates today in different cities on July 03, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On July 03, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts set to expire on August 5, 2024, with prices at Rs 71,815 per 10 grams. Meanwhile, silver futures contracts expiring on September 5, 2024, were quoted at Rs 90,676 on the MCX.
India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.
Retail Cost of Gold in India
The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.
Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional 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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