Gold rate on 13th May: Latest gold rates in Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities
May 13, 2024, 18:24 IST
On Monday, gold rates have seen some slight decline across India. In Delhi, 10 grams of 24-carat gold would cost you ₹73,380 today. Meanwhile, on the MCX, gold contracts for June delivery traded lower ₹ 110 at ₹ 73,250 per 10 grams.
Gold is regarded as a reliable hedge against inflation, and for good reason! This reputation stems from its tendency to either maintain or increase in value during periods of inflationary pressure. In fact, this very quality makes gold an attractive option for investors looking to safeguard their wealth from inflation’s detrimental effects.
The fall in the gold rate has been attributed to weak global cues, the anticipation of interest rate cuts from central banks later this year, and ongoing geopolitical conflicts.
Gold rates experience daily fluctuations due to a myriad of short- and long-term factors. These include considerations such as shifts in supply and demand, economic indicators, geopolitical developments, currency movements, investor sentiment, and more. Given the dynamic nature of the precious metals market, effective monitoring and analysis of pricing data are crucial for investors and traders to make informed investment decisions.
To help you out with this process, we bring you this comprehensive daily series dedicated to providing the latest updates on gold prices across major cities in India. Here are the gold rates across major Indian cities on Monday, May 13:
Gold rates on 13th May
While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the gold market effectively, investors are advised to perform their own due diligence before making any investment decisions.
As the day progresses, we encourage investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.
For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.
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Gold is regarded as a reliable hedge against inflation, and for good reason! This reputation stems from its tendency to either maintain or increase in value during periods of inflationary pressure. In fact, this very quality makes gold an attractive option for investors looking to safeguard their wealth from inflation’s detrimental effects.
The fall in the gold rate has been attributed to weak global cues, the anticipation of interest rate cuts from central banks later this year, and ongoing geopolitical conflicts.
Gold rates experience daily fluctuations due to a myriad of short- and long-term factors. These include considerations such as shifts in supply and demand, economic indicators, geopolitical developments, currency movements, investor sentiment, and more. Given the dynamic nature of the precious metals market, effective monitoring and analysis of pricing data are crucial for investors and traders to make informed investment decisions.
To help you out with this process, we bring you this comprehensive daily series dedicated to providing the latest updates on gold prices across major cities in India. Here are the gold rates across major Indian cities on Monday, May 13:
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| City | 22-Carat | 24-Carat |
| Delhi | 67,300 | 73,380 |
| Mumbai | 67,150 | 73,250 |
| Kolkata | 67,150 | 73,250 |
| Chennai | 67,250 | 73,360 |
| Bengaluru | 67,150 | 73,250 |
| Hyderabad | 67,150 | 73,250 |
| Ahmedabad | 67,200 | 73,280 |
| Pune | 67,150 | 73,250 |
| Surat | 67,200 | 73,280 |
| Nagpur | 67,150 | 73,250 |
While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the gold market effectively, investors are advised to perform their own due diligence before making any investment decisions.
As the day progresses, we encourage investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.
For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.