Gold Rate Today In India: On May 20, the cost of 10 grams of gold held firm, hovering around Rs 74,000. Pure 24-carat gold was valued at Rs 74,610 per 10 grams, with 22-carat gold maintaining its price at about Rs 68,390. In contrast, the silver market witnessed a slight downtrend, going to Rs 92,900 per kilogram.
Gold rate today in India: Retail gold price on May 20
Check gold rates today in different cities on May 20, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On May 20, 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 73,750 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 91,149 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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