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Gold And Silver Prices Today On May 24, 2024: Check Rates In Your City

After recording a marginal dip of Rs 116 or 0.16 percent, gold futures, maturing on June 5, 2024, were trading at Rs 71,461 per 10 grams.

By Newsd
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Gold And Silver Prices Today On May 24: Gold prices are trading lower on the Multi Commodity Exchange (MCX), while silver prices have increased on Friday, May 24.

After recording a marginal dip of Rs 116 or 0.16 percent, gold futures, maturing on June 5, 2024, were trading at Rs 71,461 per 10 grams.

MCX silver futures, due on July 5, 2024, were up Rs 329 or 0.36 percent to Rs 90,766 per kg against their previous close of Rs 90,437 per kg.

Different parameters, such as excise duty, making charges, and state taxes, affect the price of gold in different regions of the country.

Gold And Silver Prices Today On May 24

CITY 22 CARAT GOLD PRICE 24-CARAT GOLD PRICE
Delhi 67,440 73,560
Mumbai 67,290 73,410
Ahmedabad 67,340 73,460
Chennai 67,490 73,630
Kolkata 67,290 73,410
Gurugram 67,440 73,560
Lucknow 67,440 73,560
Bengaluru 67,290 73,410
Jaipur 67,440 73,560
Patna 67,340 73,460
Bhubaneshwar 67,290 73,410
Hyderabad 67,290 73,410

Following a hawkish tone in the U.S. Federal Reserve minutes, gold prices hit a two-week low on Friday, marking their biggest weekly loss in nearly eight months.

As of 0341 GMT, spot gold was trading at $2,330.19 per ounce. US gold futures eased 0.3% to $2,330.80.

Spot silver rose 0.4% to $30.21, among other precious metals.

A number of factors influence the retail gold price in India, which represents the final cost per unit weight for consumers.

It serves as a valuable investment and plays a key role in traditional weddings and festivals in India.

Check back for more updates as the market fluctuates.

Also Read: Gold And Silver Prices Today On May 23, 2024: Check Rates In Your City

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