India is the largest importer of gold, which mainly meets the demand of the jewelery industry. (Representational Image)
Gold Rate Today in India: 22 carat gold was Rs 56,000 per 10 grams in Chennai.
gold price in india on 7 june: Gold prices in India remained above Rs 60,000 in many cities. This article will be updated if the price is changed during the day. 10 grams at around 9.30 am 24 carat gold was priced Rs 60,650, Price of 22 carat variety in the same quantity Rs 55,600, Whereas, the price of silver rose Rs 73,500 per kg.
retail gold price on 7 june
As far as retail prices in various cities are concerned, the western cities of Ahmedabad retail gold price of Rs 55,650 (22 carats). Rs 60,700 This is the retail price of 24 karat gold per 10 grams in the city.
Gold is considered an important part of India because of its cultural significance, investment value and its traditional role in weddings and festivals.
was 22 carat gold Rs 56,000/ in 10 grams Chennai, Similarly, the capital city of Tamil Nadu is Rs 61,100 Retail price of 24 karat gold per 10 grams. Coimbatore There are also similar prices for both the categories of gold.
In Noida, 22 carat gold was priced at Rs 55,750 per 10 grams. For 24 carat, customers will have to pay Rs 60,800/10 grams.
Check gold rates in different cities on 7th June 2023; (in Rs/10 grams)
| City | 22 carat gold price | 24 carat gold price |
| Delhi | 55,750 | 60,800 |
| Mumbai | 55,600 | 60,650 |
| Kolkata | 55,600 | 60,650 |
| Lucknow | 55,750 | 60,800 |
| Bangalore | 55,650 | 60,700 |
| Jaipur | 55,750 | 60,800 |
| Patna | 55,650 | 60,700 |
| Bhubaneswar | 55,600 | 60,650 |
| Hyderabad | 55,600 | 60,650 |
on june 7 Multi Commodity ExchangeGold futures maturing on 04 August 2023 were trading at Rs, 59,940, Whereas Silver was maturing on July 05. 71,831 Rs.
Gold prices in India are generally influenced by a number of factors including global economic conditions, inflation rates, currency fluctuations and local demand and supply dynamics.
Meanwhile, India’s gold imports, which have a bearing on the current account deficit, fell 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to recent government data.
Imports of the yellow metal in 2021-22 stood at USD 46.2 billion.
However, silver imports increased by 6.12 per cent to $5.29 billion during the last financial year.
India is the largest importer of gold, which mainly meets the demand of the jewelery industry. In terms of quantity, the country imports 800-900 tonnes of gold annually.
