Gold Rate Today In India: As of May 2nd, the price of 10 grams of gold remained steady, staying close to Rs 71,000. Pure 24-carat gold was priced at Rs 71,500 per 10 grams, while 22-carat gold retained its value at approximately Rs 65,540. Conversely, the silver market experienced a downturn, dropping to Rs 82,900 per kilogram.
Gold rate today in India: Retail gold price on May 02
Check gold rates today in different cities on May 02, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Delhi | 65,690 | 71,650 |
| Mumbai | 65,540 | 71,500 |
| Ahmedabad | 65,590 | 71,550 |
| Chennai | 66,340 | 72,370 |
| Kolkata | 65,540 | 71,500 |
| Gurugram | 65,690 | 71,650 |
| Lucknow | 65,690 | 71,650 |
| Bengaluru | 65,540 | 71,500 |
| Jaipur | 65,690 | 71,650 |
| Patna | 65,590 | 71,550 |
| Bhubaneshwar | 65,540 | 71,500 |
| Hyderabad | 65,540 | 71,500 |
Multi Commodity Exchange
On May 02, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 71,111 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 81,360 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.
