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Today began with a substantial rise in gold prices in India. The opening price for 24 Carat gold was marked at ₹73,683 whereas the same for 22 Carat gold was at ₹67,494. The gold prices across major cities in India saw an increase today as the dollar weakened and investors anticipate that the tension in Middle East tensions may rise again. On the global front, the US gold futures for June delivery went up by 0.9% to $2,331.20 per ounce.
Gold Prices Rise Amid Weakening Dollar: The weakening dollar has led investors to buy gold, driving up its price, as indicated by the increase in US gold futures for June delivery that went up by 0.9% to $2,331.20 per ounce.
Anticipation of Middle East Conflict Also Fueled Gold Prices: Investors are anticipating that the conflicts between Hamas and Israeli Forces may begin again, moving investors’ funds to safer assets like Gold.
Additional Read: Gold Rate Today
Item | Price in India |
24 Carat Gold (10 grams) | ₹73,683.00 |
22 Carat Gold (10 grams) | ₹67,494.00 |
Note: The gold rates mentioned in the above tables have been taken as of May 7, 2024, at 09:22 AM
Source: Live Mint
Gold Rate in Delhi
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹67,494.00 | ₹66,450.00 | +1044.00 |
24K (10 gm) | ₹73,683.00 | ₹72,544.00 | +1139.00 |
Gold Rate in Mumbai
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹66,837.00 | ₹66,906.00 | -69.00 |
24K (10 gm) | ₹72,965.00 | ₹73,042.00 | -77.00 |
Gold Rate in Kolkata
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹67,692.00 | ₹67,363.00 | +329.00 |
24K (10 gm) | ₹73,899.00 | ₹73,540.00 | +359.00 |
Gold Rate in Hyderabad
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹67,560.00 | ₹66,580.00 | +980.00 |
24K (10 gm) | ₹73,755.00 | ₹72,686.00 | +1069.00 |
City Name | 22 Carat Rate | 24 Carat Rate |
Ahmedabad | ₹67,758.00 | ₹73,970.00 |
Amritsar | ₹66,376.00 | ₹72,462.00 |
Bangalore | ₹67,560.00 | ₹73,755.00 |
Bhopal | ₹67,560.00 | ₹73,755.00 |
Bhubaneswar | ₹66,376.00 | ₹72,462.00 |
Chandigarh | ₹66,376.00 | ₹72,462.00 |
Chennai | ₹66,902.00 | ₹73,037.00 |
Coimbatore | ₹66,639.00 | ₹72,750.00 |
Delhi | ₹67,494.00 | ₹73,683.00 |
Faridabad | ₹67,494.00 | ₹73,683.00 |
Gurgaon | ₹67,494.00 | ₹73,683.00 |
Hyderabad | ₹67,560.00 | ₹73,755.00 |
Jaipur | ₹66,179.00 | ₹72,247.00 |
Kanpur | ₹66,113.00 | ₹72,175.00 |
Kerala | ₹66,179.00 | ₹72,247.00 |
Kochi | ₹66,179.00 | ₹72,247.00 |
Kolkata | ₹67,692.00 | ₹73,899.00 |
Lucknow | ₹66,113.00 | ₹72,175.00 |
Madurai | ₹66,639.00 | ₹72,750.00 |
Mangalore | ₹66,639.00 | ₹72,750.00 |
Meerut | ₹67,494.00 | ₹73,683.00 |
Mumbai | ₹66,837.00 | ₹72,965.00 |
Mysore | ₹66,573.00 | ₹72,678.00 |
Nagpur | ₹66,179.00 | ₹72,247.00 |
Nashik | ₹66,442.00 | ₹72,534.00 |
Patna | ₹66,442.00 | ₹72,534.00 |
Pune | ₹67,165.00 | ₹73,324.00 |
Surat | ₹67,560.00 | ₹73,755.00 |
Vadodara | ₹66,310.00 | ₹72,391.00 |
Vijayawada | ₹66,573.00 | ₹72,678.00 |
Visakhapatnam | ₹66,508.00 | ₹72,606.00 |
Additional Read: Share Market News
Note: The gold rates mentioned in the above tables have been taken as of May 7, 2024, at 9:24 AM
Source: Hindustan Times
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