Price Of Gold In India
On June 20, 2024, the price of 10 grams of gold in India remained stable at approximately Rs 71,000. Pure 24-carat gold was valued at Rs 72,210 per 10 grams, while 22-carat gold was priced at Rs 66,190 per 10 grams. On the same day, the price of silver dropped to Rs 90,900 per kilogram, indicating a potential opportunity for silver investors.
Trading on the Multi Commodity Exchange (MCX) showed a significant surge in interest in gold futures contracts expiring on August 05, 2024, with prices quoted at Rs 71,838 per 10 grams. Similarly, silver futures contracts expiring on July 5, 2024, were trading at a promising Rs 90,450 on the MCX, indicating a potential upward trend.
Read More| Gold and Silver Prices For Today: Showed Slight Decrease
In India, imports and global trends heavily influence domestic gold prices. However, it’s important to note that the cultural significance of gold, especially during festivals and weddings, also plays a crucial role in driving demand levels. This unique aspect of the Indian market is something that investors and traders should keep in mind.
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