Gold rate today in India on May 16, 2024. (Representative image)
Gold Rate Today: Check gold prices in different cities on May 16, 2024 in Rs/10 grams
Gold Rate Today In India: On May 16, the cost of 10 grams of gold held firm, hovering around Rs 72,000. Pure 24-carat gold was valued at Rs 73,260 per 10 grams, with 22-carat gold maintaining its price at about Rs 67,160. In contrast, the silver market witnessed an upward, going to Rs 87,700 per kilogram.
Gold rate today in India: Retail gold price on May 16
Check gold rates today in different cities on May 16, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Delhi | 67,310 | 73,410 |
| Mumbai | 67,160 | 73,260 |
| Ahmedabad | 67,210 | 73,310 |
| Chennai | 67,260 | 73,370 |
| Kolkata | 67,160 | 73,260 |
| Gurugram | 67,310 | 73,410 |
| Lucknow | 67,310 | 73,410 |
| Bengaluru | 67,160 | 73,260 |
| Jaipur | 67,310 | 73,410 |
| Patna | 67,210 | 73,310 |
| Bhubaneshwar | 67,160 | 73,260 |
| Hyderabad | 67,160 | 73,260 |
Multi Commodity Exchange
On May 16, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on June 5, 2024. These contracts were priced at Rs 73,095 per 10 grams. Additionally, silver futures contracts expiring on July 05, 2024, were quoted at Rs 87,174 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.
