Gold Rate Today In India: As of February 07, 2024, various fluctuations in gold costs had been noticed in several cities of India. The regular fee for 10 grams remained round Rs 63,000. To present additional perception, the common value of 10 grams of 24-carat gold was recorded at Rs 63,230, whereas the corresponding worth for 22-carat gold stood at Rs 58,000.
Meanwhile, the silver market demonstrated a gradual upward trajectory, reaching Rs 74,500 per kilogram.
Gold fee at the moment in India: Retail gold value on February 07
(*24*)Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is presently priced at Rs 58,000, whereas the identical quantity of 24-carat gold is valued at Rs 63,230.
Gold Rate Today In Delhi
In Delhi, individuals should spend Rs 58,150 for 10 grams of twenty-two-carat gold and Rs 63,330 for a similar quantity of 24-carat gold.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 58,500, and for a similar quantity of 24-carat gold, it’s Rs 63,820.
Check gold charges at the moment in several cities on February 07, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 58,050 | 63,330 |
| Kolkata | 58,000 | 63,230 |
| Gurugram | 58,150 | 63,330 |
| Lucknow | 58,150 | 63,330 |
| Bengaluru | 58,000 | 63,230 |
| Jaipur | 58,150 | 63,330 |
| Patna | 58,050 | 63,280 |
| Bhubaneshwar | 58,000 | 63,230 |
| Hyderabad | 58,000 | 63,230 |
Multi Commodity Exchange
On February 07, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 62,470 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 70,310.
The retail value of gold within the nation is the quantity prospects pay for it. This value is influenced by varied components, together with the worldwide gold value, the worth of the Rupee, and the prices related to labour and supplies used within the manufacturing of gold jewelry.
Gold is extremely essential in India due to its cultural significance, its worth for funding, and its conventional position in weddings and festivals.
Here are a number of components that may exert affect on the value of gold:
Market Forces and Gold Valuation: The valuation of gold is predominantly influenced by the dynamics of provide and demand. If there’s a surge in public curiosity for gold, its value tends to rise. Conversely, an extra provide of gold out there can result in a decline in its value.
Global Economic Dynamics: The broader state of the worldwide financial system performs a big position in figuring out gold costs. During intervals of financial downturn or recession, buyers usually flip to gold as a safe funding, inflicting an uptick in its worth.
Impact of Political Uncertainty: Political instability also can exert appreciable affect on gold costs. Instances of uncertainty or crises in pivotal nations or areas might drive buyers to safeguard their belongings by investing in gold, thereby creating heightened demand and inflicting a rise within the value of gold.
2024 Outlook: Rs 70,000 Per 10 Grams Gold Price
The All India Gem and Jewellery Domestic Council (GJC) has not too long ago stated that the present world financial uncertainties and geopolitical tensions are anticipated to drive gold costs to a historic peak of Rs 70,000 per 10 grams within the coming 12 months. This development establishes gold as a dependable funding and a helpful safeguard in opposition to inflation.
