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Gold And Silver Prices Today On June 5, 2024: Check Rates In Your City

India depends on importing gold, so there is a strong link between gold prices there and trends around the world.

By Newsd
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Gold And Silver Prices Today On June 10
Gold And Silver Prices Today On June 10

Gold And Silver Prices Today On June 5: On June 5, the price of a gram of gold stayed the same at about Rs 72,000. A gram of pure 24-carat gold cost about Rs 72,880, and a gram of pure 22-carat gold cost about Rs 66,810. Silver, on the other hand, lost value and now costs Rs 94,100 a pound.

India depends on importing gold, so there is a strong link between gold prices there and trends around the world. Gold is also very important in many cultures, so the demand for it can change a lot during holidays and weddings.

Silver futures contracts expiring on July 05, 2024 were quoted at Rs 89,580 on the Multi Commodity Exchange (MCX) on June 05, 2024. Gold futures contracts expiring on August 05, 2024 were quoted at Rs 72,136 per 10 grams.

Gold And Silver Prices Today On June 5

CITY 22 CARAT GOLD PRICE 24-CARAT GOLD PRICE
Delhi 66,960 73,030
Mumbai 66,810 72,880
Ahmedabad 66,860 72,930
Chennai 67,460 73,590
Kolkata 66,810 72,880
Gurugram 66,960 73,030
Lucknow 66,960 73,030
Bengaluru 66,810 72,880
Jaipur 66,960 73,030
Patna 66,860 72,930
Bhubaneshwar 66,810 72,880
Hyderabad 66,810 72,880

There are several factors beyond gold’s intrinsic value that affect the retail price of gold in India.

India holds considerable cultural significance when it comes to gold, serving as an investment and playing a big role in weddings and festivals.

“Saish Sandeep Sawant Dessai, analyst at Angel One Ltd., an Indian Fintech brokerage house, said gold prices will stay under pressure as investors await U.S. jobs data.

The COMEX gold price was up 0.4 percent at $2,356.9 an ounce on the international market.

These dynamics are being closely monitored by investors and traders. Stay tuned for more updates.

Also Read: Gold And Silver Prices Today On June 4, 2024: Check Rates In Your City

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