Gold Rate Today In India: On July 2, the price of 10 grams of gold was approximately Rs 72,000. Specifically, pure 24-carat gold was valued at Rs 72,270 per 10 grams, while 22-carat gold was priced at Rs 66,240 per 10 grams. Meanwhile, the price of silver saw a decrease, falling to Rs 90,300 per kilogram.
Gold rate today in India: Retail gold price on July 02
Check gold rates today in different cities on July 02, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On July 2, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts set to expire on August 5, 2024, with prices at Rs 71,662 per 10 grams. Meanwhile, silver futures contracts expiring on September 5, 2024, were quoted at Rs 89,935 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 in India
The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.
Gold holds immense cultural importance in India, serving as a major investment and playing a crucial 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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