Gold charge immediately in India on February 17, 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 Rises In India: Check 24 Carat Rate In Your City On February 17 – News18
Gold Rate Today In India: As of February 17, 2024, fluctuations have been noticed in gold costs throughout a number of cities in India. The common worth for 10 grams remained round Rs 62,000. To present a broader perspective, the common price of 10 grams of 24-carat gold was roughly Rs 62,300, whereas for 22-carat gold, it stood at Rs 57,110.
At the identical time, the silver market displayed a constant downward development, reaching Rs 75,700 per kilogram.
Gold charge immediately in India: Retail gold worth on February 17
Gold Rate Today In Delhi
In Delhi, people have to allocate Rs 57,260 for 10 grams of twenty-two-carat gold and Rs 62,450 for an equal amount of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is at present priced at Rs 57,110, whereas the identical quantity of 24-carat gold is valued at Rs 62,300.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 57,610, and for a similar quantity of 24-carat gold, it’s Rs 62,850.
Check gold charges immediately in numerous cities on February 17, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,160 | 62,350 |
| Kolkata | 57,110 | 62,300 |
| Gurugram | 57,260 | 62,450 |
| Lucknow | 57,260 | 62,450 |
| Bengaluru | 57,110 | 62,300 |
| Jaipur | 57,260 | 62,450 |
| Patna | 57,160 | 62,350 |
| Bhubaneshwar | 57,110 | 62,300 |
| Hyderabad | 57,110 | 62,300 |
Multi Commodity Exchange
On February 16, 2024, the futures for gold set to run out on April 05 have been actively traded at Rs 61,832 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date have been quoted at Rs 72,085.
The retail price of gold within the nation is the quantity clients pay for it. This worth is influenced by varied elements, 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 extremely vital in India due to its cultural significance, its worth for funding, and its conventional position 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 lately said 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 12 months. This trajectory underscores gold’s standing as a reliable funding and a worthwhile hedge in opposition to inflation.
