Gold Rate Today In India: On May 31, the price of 10 grams of gold remained steady at approximately Rs 73,000. Pure 24-carat gold was priced at Rs 72,760 per 10 grams, while 22-carat gold held stable at around Rs 66,700. The silver market also saw a downward trend, with prices falling to Rs 95,500 per kilogram.
Gold rate today in India: Retail gold price on May 31
Check gold rates today in different cities on May 31, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On May 31, 2024, the Multi Commodity Exchange (MCX) also saw muted trading in gold futures contracts expiring on August 5, 2024, and was trading down. These contracts were priced at Rs 72,178 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 93,304 on the MCX.
Retail Cost of Gold
The retail price of gold in India, reflecting the final cost per unit weight for consumers, is affected by several factors beyond the metal’s intrinsic value.
Gold holds considerable cultural significance in India, serving as a key investment and playing an essential role in traditional 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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