Gold Rate Today In India: February 25, 2024

February 25, 2024, brought notable fluctuations in gold prices across India. The standard price for 10 grams remained relatively stable, hovering around Rs 62,000. Let’s delve into the specifics of gold rates across different cities in India:

Gold Rate Today In Mumbai

In Mumbai, the price of 10 grams of 22-carat gold stands at Rs 57,700, while the equivalent amount of 24-carat gold is valued at Rs 62,950.

Gold Rate Today In Delhi

In Delhi, individuals are required to allocate Rs 57,850 for 10 grams of 22-carat gold and Rs 63,100 for the same quantity of 24-carat gold.

Gold Rate Today In Chennai

In Chennai, the price for 10 grams of 22-carat gold is Rs 58,200, and for the same amount of 24-carat gold, it’s Rs 63,490.

Gold Rates in Different Cities on February 25, 2024

Check out the gold rates in various cities on February 25, 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

Multi Commodity Exchange

On February 23, 2024, the futures for gold set to expire on April 05 were actively traded at Rs 62,325 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date were quoted at Rs 70,450.

Retail Cost of Gold

The retail cost of gold in India is influenced by various factors, including the global gold price, the value of the Rupee, and production costs. Gold holds immense cultural significance in India, serving as an investment and playing a traditional role in weddings and festivals.

2024 Outlook: Rs 70,000 Per 10 Grams Gold Price

According to the All India Gem and Jewellery Domestic Council (GJC), prevailing global economic uncertainties and geopolitical tensions are expected to propel gold prices to a historic high of Rs 70,000 per 10 grams in the upcoming year. This emphasizes gold’s status as a dependable investment and a valuable hedge against inflation.


error: Content is protected !!