Gold Price Rises On Akshaya Tritiya In India: Check 22 Carat Rate In Your City On May 10

Gold Rate Today In India: On May 10, 2024, gold prices rose in India on the auspicious occasion of Akshaya Tritiya 2024 amid increased demand in the spot market. The price for 10 grams remained close to Rs 73,090. A thorough analysis of the market revealed that the average price for 10 grams of 24-carat gold was approximately Rs 73,090, while 22-carat gold averaged around Rs 67,000.

At the same time, the silver market displayed an upward trend, reaching Rs 86,500 per kilogram.

Gold rate today in India: Retail gold price on May 10

Gold Rate Today In Delhi

As of May 10, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 67,150, whereas 10 grams of 24-carat gold is priced at around Rs 73,240.

Gold Rate Today In Mumbai

Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 67,000, while the equivalent amount of 24-carat gold is valued at Rs 73,090.

Gold Rate Today In Ahmedabad

In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 67,050, and for the same amount of 24-carat gold, it’s Rs 73,140.

Check gold rates today in different cities on May 10, 2024; (In Rs/10 grams)

Multi Commodity Exchange

On May 10, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 72,232 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 85,370 on the MCX.

International Gold Prices

In the international market also, gold prices were up by 0.37 per cent at $2,355.50 an ounce in New York. Silver prices also rose 0.39 per cent at $28.51 an ounce.

Retail Cost of Gold

The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.

Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.