On September 6, the retail cost of 10 grams of gold in various places throughout India was approximately Rs 60,000. For a more detailed breakdown, 10 grams of 24-carat gold are worth Rs 60,160, while an equivalent amount of 22-carat gold is worth Rs 55,150.
September 6 retail gold rate
Delhi Gold Rate Today
22-carat gold was purchased for Rs 55,300 (10 grams) in Delhi. Customers must pay Rs 60,310/10 grams for 24 carats.
Chennai Gold Rate
In Chennai, a gram of 22-carat gold costs Rs 55,450. Similarly, the retail price of 24-carat gold in Tamil Nadu’s capital city is Rs 60,490 per 10 grams.
Ahmedabad Gold Rate
In Ahmedabad, the retail price of 22-carat gold is Rs 55,200 per 10 kilos, while the cost for 24-carat gold is Rs 60,210 per 10 grams.
Check gold rates today in different cities on September 6, 2023:
| City | 22-carat gold price | 24 carat gold price |
| Mumbai | 55,150 | 60,160 |
| Gurugram | 55,300 | 60,310 |
| Kolkata | 55,150 | 60,160 |
| Lucknow | 55,300 | 60,310 |
| Bengaluru | 55,150 | 60,160 |
| Jaipur | 55,300 | 60,310 |
| Patna | 55,200 | 60,210 |
| Bhubaneshwar | 55,150 | 60,160 |
| Hyderabad | 55,150 | 60,160 |
Gold futures expiring on October 5, 2023, were trading at Rs. 59,210 on the Multi Commodity Exchange on September 6.
In general, global economic conditions, inflation rates, currency changes, and local demand and supply dynamics all have an impact on gold prices in India.
Several factors can impact the price of gold, including:
Global Conditions:
Global economic conditions also have a big impact on gold prices. During global economic downturns, investors frequently gravitate to gold as a haven, leading the price to soar.
Supply and Demand:
The gold price is mostly determined by the market’s interaction of supply and demand. When demand for gold rises, so does the price. A spike in gold supply, on the other hand, can cause the price to fall
Political Instability:
Political unrest can also have an impact on gold prices. When a major country experiences political turbulence or a crisis, investors may seek to protect their assets by investing in gold as a hedge against uncertainty, resulting in a higher gold price.
Moreover, the retail price of gold in India represents the cost at which gold is sold to consumers within the country. This price is affected by various factors, including the global gold price, the value of the Rupee, and the expenses associated with labor and materials used in crafting gold jewelry.
Gold holds great significance in India due to its cultural importance, investment value, and traditional role in weddings and festivals.
