India’s Gold Prices Drop: Find Out the 22-carat Rate in Your City on May 2

Current Gold Rate In India: As of May 2, the price of ten grams of gold was around Rs 71,000. Ten kilos of pure 24-carat gold cost Rs 71,500, while 22-carat gold was still worth around Rs 65,540. On the other hand, the price of silver fell, reaching Rs. 82,900 per kilogram.

India’s current gold rate: May 02 retail gold price

Verify the current gold prices in several cities on May 2, 2024. (In grams/Rs)

CITY	22 CARAT GOLD PRICE	24-CARAT GOLD PRICE
Delhi	65,690	71,650
Mumbai	65,540	71,500
Ahmedabad	65,590	71,550
Chennai	66,340	72,370
Kolkata	65,540	71,500
Gurugram	65,690	71,650
Lucknow	65,690	71,650
Bengaluru	65,540	71,500
Jaipur	65,690	71,650
Patna	65,590	71,550
Bhubaneshwar	65,540	71,500
Hyderabad	65,540	71,500

Exchange of Multiple Commodities

Gold futures contracts expiring on June 5, 2024, experienced heavy trade on the Multi Commodity Exchange (MCX) on May 2, 2024. The cost of these contracts was Rs 71,111 for every 10 grams. Furthermore, the MCX was quoting silver futures contracts expiring on July 5, 2024, at Rs 81,360.

Gold’s Retail Price

The retail price of gold in India, which represents the final cost per unit weight for buyers, is influenced by a number of factors other than the intrinsic worth of the metal.

Gold is very important to Indian culture; it’s a good investment and helps preserve the country’s long-standing connections to weddings and festivities.

These characteristics are constantly watched by traders and investors amidst continuous market swings. Keep checking back for more details on this developing tale.