Gold Rate Today In India: On June 18, the price of 10 grams of gold hovered around Rs 71,000. Pure 24-carat gold was valued at Rs 72,320 per 10 grams, whereas 22-carat gold was priced at Rs 66,290 per 10 grams. Meanwhile, the price of silver fell to Rs 90,900 per kilogram.
Gold rate today in India: Retail gold price on June 18
Check gold rates today in different cities on June 18, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On June 18, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024, at Rs 71,666 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 89,230 on the MCX.
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.
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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