Gold price as we speak in India on February 12, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
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Gold Price Falls In India: Check 24 Carat Rate In Your City On February 12 – News18
Gold Rate Today In India: As of February 12, 2024, fluctuations in gold costs had been noticed throughout totally different cities in India. The common price for 10 grams remained round Rs 63,000. To present a broader perspective, the common worth of 10 grams of 24-carat gold was roughly Rs 62,950, whereas the corresponding quantity for 22-carat gold stood at Rs 57,700.
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At the identical time, the silver market displayed a constant downward development, reaching Rs 75,500 per kilogram.
Gold price as we speak in India: Retail gold worth on February 12
Gold Rate Today In Delhi
In Delhi, folks should spend Rs 57,850 for 10 grams of twenty-two-carat gold and Rs 63,100 for a similar quantity of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is presently priced at Rs 57,700, whereas the identical quantity of 24-carat gold is valued at Rs 62,950.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 58,300, and for a similar quantity of 24-carat gold, it’s Rs 63,600.
Check gold charges as we speak in several cities on February 12, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,750 | 63,000 |
| Kolkata | 57,700 | 62,950 |
| Gurugram | 58,040 | 63,300 |
| Lucknow | 57,850 | 63,100 |
| Bengaluru | 57,700 | 62,950 |
| Jaipur | 57,850 | 63,100 |
| Patna | 57,750 | 63,000 |
| Bhubaneshwar | 57,700 | 62,950 |
| Hyderabad | 57,700 | 62,950 |
Multi Commodity Exchange
On February 12, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 62,210 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 71,120.
The retail price of gold within the nation is the quantity clients pay for it. This worth is influenced by varied components, together with the worldwide gold worth, the worth of the Rupee, and the prices related to labour and supplies used within the manufacturing of gold jewelry.
Gold is very necessary in India due to its cultural significance, its worth for funding, and its conventional function 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’ve just lately acknowledged that prevailing world financial uncertainties and geopolitical tensions are anticipated to propel gold costs to a historic excessive of Rs 70,000 per 10 grams within the upcoming yr. This trajectory underscores gold’s standing as a reliable funding and a precious hedge towards inflation.
