Gold Rate Today Falls In India: So find 22 Carat Price on June 15 in Your City

Gold prices in India fell on June 15, 2024, with 24-carat gold at Rs 71,880 and 22-carat gold at Rs 65,890 per 10 grams. Silver also declined to Rs 90,400 per kilogram. Prices vary across cities.

This paper will also analyse how the rate of gold was cut different cities in India on June 15, 2024 in a comparative manner. The pure 24 carat gold was priced at Rs 71,880 for 10 grams and an 22 carat gold was priced at Rs 65,890 for 10 grams. On the same note, the price of silver was also reduced to Rs 90,400 for every kilogram as was announced earlier.

Like any other product, gold prices change from one day to the other depending on some factors such as change in the economic situation, exchange rates, and demand. Gold is an imported commodity in India and the prices of which are pegged to the international prices as India is among the largest consumer of gold.

However, gold still retained cultural importance as a precious metal in the country of India apart from these economic aspects. It has been deemed compulsory in traditional weddings and other functions because it is a precious tool. This is possible because the demand levels can be affected and consequently have an impact on the retail prices.

City     22-Carat     24-Carat

Delhi     66,040     72,030

Mumbai   65,890     71,880

Ahmedabad   65,940     71,930

Chennai     66,490     72,540

Kolkata     65,890     71,880

Gurugram   66,040     72,030

Lucknow     66,040     72,030

Bengaluru   65,890     71,880

Jaipur     66,040     72,030

Patna     65,940     71,930

Bhubaneshwar   65,890     71,880

Hyderabad   65,890     71,880

The retail price of gold is the price that the consumers are willing to pay per unit weight of gold that they want to purchase. It is affected not only by the factors associated with the utility of the material it is made from, which in this case is gold.

Also Read: In India, gold prices remain unchanged on June 13

Therefore, investors and traders focus on these changes in prices due to certain transformations that the market goes through. More details about this emerging storyline are expected in the future.