Gold Rate Today in India: March 10, 2024
On March 10, 2024, gold rates in India experienced fluctuations, with the fundamental price for 10 grams remaining close to Rs 65,000. A detailed examination revealed that the average price for 10 grams of 24-carat gold was approximately Rs 66,270, while 22-carat gold averaged around Rs 60,750. Simultaneously, the silver market displayed an upward trend, reaching Rs 75,700 per kilogram.
Gold Rate Today in Delhi
As of March 10, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 60,900, whereas 10 grams of 24-carat gold is priced at around Rs 66,420.
Gold Rate Today in Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 60,750, while the equivalent amount of 24-carat gold is valued at Rs 66,270.
Gold Rate Today in Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 60,800, and for the same amount of 24-carat gold, it’s Rs 66,320.
Gold Rates in Different Cities on March 10, 2024
Check gold rates today in different cities on March 10, 2024:
| City | 22 Carat Gold Price (Rs/10 grams) | 24 Carat Gold Price (Rs/10 grams) |
|---|---|---|
| Chennai | 61,500 | 67,100 |
| Kolkata | 60,750 | 66,270 |
| Gurugram | 60,900 | 66,420 |
| Lucknow | 60,900 | 66,420 |
| Bengaluru | 60,750 | 66,270 |
| Jaipur | 60,900 | 66,420 |
| Patna | 60,800 | 66,320 |
| Bhubaneshwar | 60,750 | 66,270 |
| Hyderabad | 60,750 | 66,270 |
Multi Commodity Exchange (MCX)
On March 8, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 66,019 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 74,280 on the MCX.
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself. Gold holds significant cultural importance in India and is valued for investment purposes and traditional ceremonies such as weddings and festivals.
2024 Outlook
As per the recent statement from the All India Gem and Jewellery Domestic Council (GJC), ongoing global economic uncertainties and geopolitical tensions are expected to drive gold prices to reach a historic peak of Rs 70,000 per 10 grams in the coming year. This projection underscores gold’s role as a reliable investment and a valuable safeguard against inflation.