India’s Gold Price On June 5, Indian gold rates were once more falling. Even still, gold was still costing more than Rs 60,000 in a number of places today. Around nine in the morning, the price of 10 grammes of 24-karat gold was Rs 60,330 (the same price as yesterday). Yesterday, the same amount of 22-carat gold cost Rs 55,300. Silver, on the other hand, cost Rs 73,000 a kilogramme. Due to its cultural significance, investment potential, and long-standing association with celebrations and weddings, gold is seen as crucial in India.India is the world’s largest importer of gold, mostly meeting the needs of the jewellery sector. The nation yearly imports 800-900 tonnes of gold, measured in volume.
Retail Gold Price On June 5
Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.For 10 grammes, 22-carat gold cost Rs 55,700 in Chennai. The retail price of 10 grammes of 24 karat gold is Rs 60,760 in Chennai, the capital of Tamil Nadu. Prices for both types of gold are comparable in Coimbatore as well.
The western city of Ahmedabad has a retail gold price of Rs 55,350 (22 carat) when comparing rates in various places. The city’s average retail price for 10 grammes of 24 karat gold is Rs 60,380.
Check gold rates in different cities on June 5, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Delhi | 55,450 | 60,480 |
| Mumbai | 55,300 | 60,330 |
| Kolkata | 55,300 | 60,330 |
| Lucknow | 55,450 | 60,480 |
| Bengaluru | 55,350 | 60,380 |
| Jaipur | 55,450 | 60,480 |
| Patna | 55,350 | 60,380 |
| Bhubaneshwar | 55,300 | 60,330 |
| Hyderabad | 55,300 | 60,330 |