Gold Rate Today In India: March 9, 2024
Gold prices in India witnessed a surge on Saturday, climbing approximately Rs 500 to Rs 66,270 per 10 grams. Despite fluctuations, the fundamental price remained close to this mark. A closer look reveals that 24-carat gold averaged around Rs 66,270 for 10 grams, while 22-carat gold hovered around Rs 60,750. Additionally, the silver market showed an upward trend, reaching Rs 75,700 per kilogram.
Gold Rate Today In Different Cities:
| City | 22 Carat Gold Price (Rs/10 grams) | 24 Carat Gold Price (Rs/10 grams) |
|---|---|---|
| Delhi | 60,900 | 66,420 |
| Mumbai | 60,750 | 66,270 |
| Ahmedabad | 60,800 | 66,320 |
| 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 |
Retail Cost of Gold in India:
The retail price of gold, also known as the gold rate, reflects the final cost per unit weight that customers pay when purchasing gold. This price is influenced by various factors beyond the metal’s inherent value. Gold holds immense cultural significance in India and is prized for its investment value and traditional role in ceremonies and festivals.
2024 Outlook:
According to the All India Gem and Jewellery Domestic Council (GJC), ongoing global economic uncertainties and geopolitical tensions are expected to drive gold prices to a historic peak of Rs 70,000 per 10 grams in the coming year. This projection underscores gold’s status as a reliable investment and a valuable hedge against inflation.