Gold Rate Today In India: On May 23, the price of 10 grams of gold remained stable at approximately Rs 74,000. Pure 24-carat gold was priced at Rs 74,500 per 10 grams, while 22-carat gold held steady at around Rs 68,290. Meanwhile, the silver market experienced a downward trend, with prices rising to Rs 95,900 per kilogram.
Gold rate today in India: Retail gold price on May 23
Check gold rates today in different cities on May 23, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On May 23, 2024, the Multi Commodity Exchange (MCX) saw muted trading in gold futures contracts expiring on June 5, 2024, and was trading down. These contracts were priced at Rs 72,562 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 91,175 on the MCX.
Retail Cost of Gold
The retail gold price in India, representing the final cost per unit weight for consumers, is influenced by multiple factors beyond the intrinsic value of the metal.
Gold in India holds significant cultural importance, serving as a valuable 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 more updates on this developing story.
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