Patna : The price of gold in Patna saw a marginal dip on Friday, with 24-karat gold trading at Rs 9,543 per gram. The latest gold futures data for the June 5 expiry shows a slight decrease of Rs 369, or 0.38%, bringing the price to Rs 95,543 per 10 grams. Meanwhile, the price for 22-karat gold stood around Rs 8,748 per gram, and 18-karat gold was priced at approximately Rs 7,157 per gram.
The drop comes after a period of sustained highs, with gold touching a lifetime peak of Rs 99,358 per 10 grams. The softening in prices is attributed to minor profit booking and shifting investor sentiment ahead of key global economic indicators. Despite this, the average trading price remains high at Rs 95,633.80, reflecting overall bullish sentiment in the bullion market.
Patna, being a major gold-consuming city in eastern India, continues to witness robust retail interest, particularly as the wedding season kicks in. Local jewelers reported stable footfall, with 22-karat ornaments still in strong demand. “Though prices dipped slightly, many customers are looking to take advantage of the correction to make advance purchases,” said a jeweler in the Boring Road area.
Experts recommend keeping an eye on real-time rates as fluctuations remain likely. The spot market and futures trading data both highlight continued volatility, with total open interest at 18,040 lots and active bidding around the Rs 95,500 mark.
With global market uncertainties and central bank cues on interest rates, analysts believe gold may still trend upward in the weeks ahead. Buyers in Patna are advised to stay updated on price movements and consult trusted sources before making significant investments.
