Gold Rates Today: What’s Happening in Mumbai, Delhi & Other Cities (June 7)

Let’s Talk About Gold

You know how it is—every auntie in the family has an opinion about gold prices. And honestly? They’re not wrong to care. Whether it’s for weddings, investments, or just that sense of security, gold’s daily swings matter. Especially now, with wedding season around the corner and the economy doing its usual rollercoaster thing.

So here’s the deal for June 7. Prices are dancing a bit—up in some cities, down in others. Mumbai’s Zaveri Bazaar is buzzing, while Delhi’s Dariba Kalan feels quieter. Let me break it down for you.

Today’s Gold Rates: Quick Look

Before we dive deep, here’s the snapshot. Prices are for 10 grams of 24K and 22K gold, plus silver per kg. But remember—these numbers can shift slightly depending on the shop and purity. Always check the hallmark!

Gold Prices (10 grams)

• Mumbai: 24K – ₹72,500 | 22K – ₹66,450
• Delhi: 24K – ₹72,300 | 22K – ₹66,250 (Yeah, Delhi’s usually a tad cheaper)
• Chennai: 24K – ₹72,600 | 22K – ₹66,550 (Highest today—no surprise there)
• Kolkata: 24K – ₹72,400 | 22K – ₹66,350
• Bengaluru: 24K – ₹72,450 | 22K – ₹66,400
• Hyderabad: 24K – ₹72,550 | 22K – ₹66,500

Silver (per kg)

• Mumbai: ₹92,000
• Delhi: ₹91,800
• Chennai: ₹92,200 (Again, topping the charts)
• Kolkata: ₹91,900
• Bengaluru: ₹92,100
• Hyderabad: ₹92,000

City-by-City Breakdown

Mumbai: The Gold Hub

₹72,500 for 24K today—up 0.3% from yesterday. Zaveri Bazaar’s jewelers say it’s the wedding season effect. People are buying despite the hike, which tells you something about how we view gold here. Not just metal—it’s emotional insurance.

Delhi: Waiting Game

Prices dipped slightly to ₹72,300. Dariba Kalan’s shops are quieter than usual. My guess? Buyers are playing it smart, watching global trends before jumping in. Can’t blame them—gold’s not exactly pocket change.

Chennai: The Gold Love Affair

No shocker—Chennai’s rates are the highest at ₹72,600. Walk into T. Nagar any day, and you’ll see why. Gold here isn’t just investment; it’s part of the culture. Families will cut back on vacations before skimping on wedding jewelry.

Kolkata: Tax Troubles

₹72,400 for 24K, but here’s the catch—local taxes add a premium. Bowbazar traders say buyers are hesitant. When the government takes an extra bite, people think twice. Can’t say I blame them.

Bengaluru: Steady as She Goes

₹72,450—right at the national average. Avenue Road’s jewelers aren’t seeing the usual festive rush yet. But give it two weeks. Once wedding dates get closer, those shelves will empty fast.

Hyderabad: Steady Demand

Patthergatti’s markets are busy as ever. ₹72,550 today, up 0.2%. Hyderabad’s buyers have this knack for ignoring small price bumps. When it’s for a daughter’s wedding or a festival, a few hundred rupees don’t change much.

What’s Moving Prices Today?

Dollar-Rupee Tango: Gold’s priced in dollars globally, so when the rupee weakens—boom, local prices jump. Today, $1 ≈ ₹83.5, which isn’t helping.

Wedding Season: Mumbai and Hyderabad are already feeling it. Kolkata? Not so much. Taxes are killing the mood there.

Government Rules: 15% import duty + 3% GST. Ouch. Traders keep hoping for relief, but I wouldn’t hold my breath.

Gold vs. Silver: Who Wins?

Gold’s up 1.5% this week—decent. But silver? Up 2.8% to ₹92,000/kg. Here’s the thing: silver’s cheaper, and industries need it for everything from solar panels to electronics. So if you’re looking short-term, silver might be the smarter play.

Buying Tips (From Someone Who’s Been Burned)

• Hallmark isn’t just a sticker—it’s your proof of purity. No hallmark? Walk away.
• Shop around. I once saved ₹3,000 on a chain just by checking three stores in the same market.
• Timing matters. If global prices drop even 2%, wait a day—local rates usually follow.

Wrapping Up

Mumbai and Hyderabad are leading today’s small rally. Delhi and Kolkata? Not so much. Silver’s shining brighter if you’re into quick gains. My two cents? If you’re buying for the long haul—like, years—don’t sweat daily changes. But if it’s for a wedding next month, keep watching those global cues.

FAQs (Real Questions People Ask)

Why’s Chennai always pricier?

Simple—demand. When every family buys gold like it’s groceries, prices don’t get much chance to drop.

Should I buy today?

Depends. Need it urgently? Go ahead. Can wait? Keep an eye on the dollar—if it dips, gold might too.

How do they even set these rates?

International prices → converted to rupees → add taxes and profit. Voilà, your local rate.