On September 5, the retail price of 10 grams of gold in various places across India was approximately Rs 60,000. For a more detailed breakdown, 10 grams of 24-carat gold are worth Rs 60,160, while 22-carat gold is worth Rs 55,150.
Retail gold rate on September 5th
Ahmedabad Gold Rate:
In Ahmedabad, the retail price of 22-carat gold is Rs 55,350 per 10 kilos, while the cost for 24-carat gold is Rs 60,370 per 10 grams.
Delhi Gold Rate Today:
22-carat gold was purchased for Rs 55,450 (10 grams) in Delhi. Customers must pay Rs 60,470/10 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.
Check gold rates today in several cities on September 5, 2023; (Rs/10 g)
| City | 22-carat gold price | 24-carat gold price |
| Mumbai | 55,150 | 60,160 |
| Gurugram | 55,450 | 60,470 |
| Kolkata | 55,150 | 60,160 |
| Lucknow | 55,450 | 60,470 |
| Bengaluru | 55,150 | 60,160 |
| Jaipur | 55,450 | 60,470 |
| Patna | 55,350 | 60,370 |
| Bhubaneshwar | 55,150 | 60,160 |
| Hyderabad | 55,150 | 60,160 |
Gold futures expiring on October 5, 2023, were trading at Rs. 59,417 on the Multi Commodity Exchange on September 5. Silver, on the other hand, was trading at Rs 74,280 for the December 5 maturation.
In general, global economic conditions, inflation rates, currency changes, and local demand and supply dynamics all have an impact on gold prices in India.
Here are some of the elements that can influence the gold price:
Demand and Supply: The gold rate is mostly governed by the market’s interaction of supply and demand. When there is greater demand for gold, the rate tends to climb as well. If the quantity of gold increases, the rate is likely to fall.
