Gold rate today in India on May 13, 2024. (Representative image)Check gold rates today in different cities on May 13, 2024; (In Rs/10 grams)Gold Rate Today In India: On May 13, 2024, gold prices experienced a fall in India largely. However, the fundamental price for 10 grams remained close to Rs 67,150. A thorough analysis of the market revealed that the average price for 10 grams of 24-carat gold was approximately Rs 73,250, while 22-carat gold averaged around Rs 67,150.At the same time, the silver market displayed an upward trend, reaching Rs 86,500 per kilogram.Gold rate today in India: Retail gold price on May 13Gold Rate Today In DelhiAs of May 13, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 67,300, whereas 10 grams of 24-carat gold is priced at around Rs 73,380.Gold Rate Today In MumbaiCurrently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 67,150, while the equivalent amount of 24-carat gold is valued at Rs 73,250.Gold Rate Today In AhmedabadIn Ahmedabad, the price for 10 grams of 22-carat gold is Rs 67,200, and for the same amount of 24-carat gold, it’s Rs 73,280.Check gold rates today in different cities on May 13, 2024; (In Rs/10 grams)City22 Carat Gold Price24-Carat Gold PriceChennai67,25073,360Kolkata67,15073,250Gurugram67,30073,380Lucknow67,30073,380Bengaluru67,15073,250Jaipur67,30073,380Patna67,20073,280Bhubaneshwar67,15073,250Hyderabad67,15073,250Multi Commodity ExchangeOn May 13, 2024, the Multi Commodity Exchange (MCX) saw muted trading in gold futures contracts expiring on June 5, 2024, and was trading down. These contracts were priced at Rs 72,278 per 10 grams. Additionally, silver futures contracts expiring on July 5, 2024, were quoted at Rs 84,515 on the MCX.Retail Cost of GoldThe retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More



Source link