Gold Rate Today In India: On June 28, the price of 10 grams of gold was approximately Rs 72,000. Pure 24-carat gold rose to Rs 71,160 per 10 grams, while 22-carat gold was priced at Rs 66,150 per 10 grams. At the same time, the price of silver dropped to Rs 90,000 per kilogram.
Gold rate today in India: Retail gold price on June 28
Check gold rates today in different cities on June 28, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On June 28, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024, at Rs 71,583 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 87,501 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
The retail price of gold in India, which represents the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.
Gold carries significant cultural importance in India, acting as a major investment and playing a crucial role in traditional weddings and festivals.
Amid continuous market fluctuations, investors and traders closely watch these dynamics. Stay tuned for further updates on this evolving story.
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