Gold Rate Today In India: February 24, 2024 Update

As of February 24, 2024, gold prices experienced a surge across various Indian cities. The average rate for 10 grams settled at approximately Rs 62,950. To provide a detailed breakdown, 24-carat gold commanded around Rs 62,950 for 10 grams, while 22-carat gold stood at Rs 57,700. Conversely, the silver market showcased a consistent downward trend, reaching Rs 74,900 per kilogram.

Gold Rate Today In Different Cities:

Let’s delve into the city-wise gold rates on February 24, 2024:

City 22 Carat Gold Price (Rs/10 grams) 24 Carat Gold Price (Rs/10 grams)
Ahmedabad 57,750 63,000
Kolkata 57,700 62,950
Gurugram 57,850 63,100
Lucknow 57,850 63,100
Bengaluru 57,700 62,950
Jaipur 57,850 63,100
Patna 57,750 62,770
Bhubaneshwar 57,700 62,950
Hyderabad 57,700 62,950

Gold Rate Today In Different Indian Cities:

Here’s a snapshot of gold prices in major Indian cities on February 24, 2024:

  • Delhi: 22-carat gold – Rs 57,850, 24-carat gold – Rs 63,100
  • Mumbai: 22-carat gold – Rs 57,700, 24-carat gold – Rs 62,950
  • Chennai: 22-carat gold – Rs 58,200, 24-carat gold – Rs 63,490

Factors Influencing Gold Prices:

The retail price of gold in India is subject to various factors, including:

  • Global gold prices
  • Fluctuations in the value of the Rupee
  • Costs associated with labor and materials in gold jewelry production

Gold holds immense cultural significance in India, serving as both a traditional adornment for weddings and festivals and a popular investment choice.

2024 Outlook: Gold Price Forecast

The All India Gem and Jewellery Domestic Council (GJC) predicts a significant surge in gold prices in the coming year. Amidst prevailing global economic uncertainties and geopolitical tensions, gold prices are anticipated to soar to a historic high of Rs 70,000 per 10 grams. This projection underscores gold’s role as a reliable investment avenue and an effective hedge against inflation.


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