Gold Rate Today In India: On June 12, the price of 10 grams of gold stayed around Rs 71,000. Pure 24-carat gold was priced at Rs 71,850 per 10 grams, while 22-carat gold remained at Rs 65,860 per 10 grams. However, the price of silver dropped to Rs 90,400 per kilogram.
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.
Gold rate today in India: Retail gold price on June 12
Check gold rates today in different cities on June 12, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On June 12, 2024, the Multi Commodity Exchange (MCX) saw trading in gold futures contracts expiring on August 05, 2024, at Rs 71,510 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 89,290 on the MCX.
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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