Gold charge at present in India on March 18, 2024: India is the most important importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
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Gold Price Declines In India: Check 24 Carat Rate In Your City On March 18 – News18
Gold Price On March 18: Gold costs opened on the Multi Commodity Exchange (MCX) on Monday at Rs 65,348 per 10 grams and hit an intraday low of Rs 65,236. In the worldwide market, spot gold was little modified at $2,156.69 per ounce, as of 0059 GMT. US gold futures inched 0.1% decrease to $2,159.90.
Meanwhile, silver opened at Rs 75,232 per kg and hit an intraday low of Rs 75,210 on the MCX. In the worldwide market, the value hovered round $24.09 per ounce.
Gold charge at present in India: Retail gold value on March 18
The value of ten grams of 24-carat gold in Mumbai is in keeping with costs in Kolkata and Hyderabad, at Rs 66,090.
In Delhi, Bengaluru, and Chennai, the value of ten grams of 24-carat gold stood at Rs 66,240, Rs 66,090, and Rs 66,700, respectively.
In Mumbai, the value of ten grams of twenty-two-carat gold is at par with that in Kolkata and Hyderabad, at Rs 60,580.
In Delhi, Bengaluru, and Chennai, the value of ten grams of twenty-two-carat gold stood at Rs 60,730, 60,580, and 61,140, respectively.
US gold struggled for momentum in early Asian hours on Monday because the greenback held agency and buyers braced for a sequence of main central financial institution coverage conferences together with the US Federal Reserve this week.
Spot gold was little modified at $2,156.69 per ounce, as of 0059 GMT. US gold futures inched 0.1 per cent decrease to $2,159.90.
Spot platinum rose 0.2 per cent to $935.15 per ounce, palladium gained 0.2 per cent to $1,080.02, whereas silver was regular at $25.18.
The value of 1 kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,200. One kilogram of silver in Chennai was buying and selling at Rs 80,200.
Check gold charges at present in several cities on March 18, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| 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
The retail value of gold in India, also known as the gold charge, is the ultimate price per unit weight that prospects pay when buying gold. This value is influenced by a number of elements past the inherent worth of the steel itself.
Gold is very necessary in India due to its cultural significance, its worth for funding, and its conventional function in weddings and festivals.
Outlook
Gold struggled for momentum in early Asian hours on Monday because the greenback held agency and buyers braced for a sequence of main central financial institution coverage conferences together with the US Federal Reserve this week.
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