Gold Rate Today In India: On May 7th, the cost of 10 grams of gold held firm, hovering around Rs 71,000. Pure 24-carat gold was valued at Rs 72,060 per 10 grams, with 22-carat gold maintaining its price at about Rs 66,060. In contrast, the silver market witnessed an increase, going to Rs 84,100 per kilogram.
Gold rate today in India: Retail gold price on May 07
Check gold rates today in different cities on May 07, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On May 07, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 71,380 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 82,995 on the MCX.
Retail Cost of Gold
The retail gold price in India, denoting the ultimate cost per unit weight for consumers purchasing gold, is subject to various influences beyond the metal’s inherent value.
In India, gold holds immense cultural significance, serving as a valuable investment and maintaining traditional ties to 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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