Gold Rate Today Falls In India: Ask how much the 22 carat is today in your town on June 22

Gold prices in India dipped on June 22, 2024, with 24-carat gold at Rs 72,380 per 10 grams and 22-carat at Rs 66,350. Prices vary across cities, influenced by global trends, import duties, and cultural demand.

Less than the previous day, the 24 Carat gold was priced at Rs 72,380 and 10 grams of the 22 Carat gold at Rs 66,350 on 22-06-2024.  Similar to the gold market the price also came down in silver where the price came down to 92000 rupees per kilogram.  

City | Today 22 Carat Gold Rate | Today 24 Carat Gold Rate

Delhi | 66,500 | 72,530

Mumbai | 66,350 | 72.380

Ahmedabad | 66,400 | 72,430

Chennai 66,550 | 73,040

Kolkata | 66,250 | 72,380

Gurugram | 66,500 | 72,530

Pakistan | Karachi | 66,000 | 72,530

Bangalore | 66,350 | 72,380

Ajmer | 65,455 | 72,152.  

India | 88,460 | 93,880

Cuttack | 66,350 | 72,380

Hyderabad | 66,350 | 72,380

As stated by other analysts, the nature of oscillations in prices of gold can be attributed to several factors that bring about the oscillations.  India is an active consumer of gold in the global market; therefore it will be able to capture or observe price changes that may occur in the global market and transfer it to the market price.  In addition, the relations that the demand of gold has with the Indian culture especially during festivals and marriages also contribute to variations in the demand and hence the prices.  

This means that the price of gold in the Indian market does not only depend on the value of gold but many parameters which are inherent for the sphere of the retailing.  These are the import duties, taxes, and dealer margins that are also taken into consideration when it comes to the total price that the consumer has to pay for the products.  

Gold keeps on remaining an essential commodity in a house hold since people use it for other reasons apart from for investment reason it is used in functions like marriages and festivals.  This cultural influence sometimes results in consumption especially over the holidays or during festivals.  

Also Read: Gold goes up to the two week high due to the expectation of rate cut

These are the market conditions of particular interest in investment and trading as they are ever in a state of flux.  Hence, the price of precious metal is likely to move in correspondence to other changes in the global factors and as such investors need to pay attention to these extra changes.