Gold Rate Today In India: February 26, 2024
February 26, 2024, witnessed fluctuations in gold prices across various cities in India. The standard price for 10 grams remained relatively stable, hovering around Rs 62,000. Broadening the comparison, the average price for 10 grams of 24-carat gold stood at approximately Rs 62,840, while for 22-carat gold, it was Rs 57,600. At the same time, the silver market displayed a consistent upward trend, reaching Rs 74,500 per kilogram.
Gold Rate Today In Mumbai 22 Carat and 24 Carat
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 57,600, while the equivalent amount of 24-carat gold is valued at Rs 62,840.
Gold Rate Today In Delhi
In Delhi, individuals are required to allocate Rs 57,750 for 10 grams of 22-carat gold and Rs 62,940 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 58,100, and for the same amount of 24-carat gold, it’s Rs 63,380.
| City | 22 Carat Gold Price | 24 Carat Gold Price |
|---|---|---|
| Ahmedabad | 57,650 | 62,890 |
| Kolkata | 57,600 | 62,840 |
| Gurugram | 57,750 | 62,940 |
| Lucknow | 57,750 | 62,940 |
| Bengaluru | 57,600 | 62,840 |
| Jaipur | 57,750 | 62,940 |
| Patna | 57,650 | 62,890 |
| Bhubaneshwar | 57,600 | 62,840 |
| Hyderabad | 57,600 | 62,840 |
Multi Commodity Exchange
On February 26, 2024, the futures for gold set to expire on April 05 were actively traded at Rs 62,232 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024 expiration date were quoted at Rs 70,147.
Retail Cost of Gold
The retail cost of gold in the country is the amount customers pay for it. This price is influenced by various factors, including the global gold price, the value of the Rupee, and the costs associated with labor and materials used in the production of gold jewelry. Gold is highly important in India because of its cultural significance, its value for investment, and its 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), they have recently stated that 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 trajectory underscores gold’s status as a dependable investment and a valuable hedge against inflation.