Gold charge in the present day in India on February 20, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
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Gold Price Rises Today In India: Check 24 Carat Rate In Your City On February 20 – News18
Gold Rate Today In India: As of February 20, 2024, fluctuations have been noticed in gold costs throughout a number of cities in India. The common value for 10 grams remained round Rs 62,000. To present a broader perspective, the typical value of 10 grams of 24-carat gold was roughly Rs 62,680, whereas for 22-carat gold, it stood at Rs 57,460.
At the identical time, the silver market displayed a constant downward pattern, reaching Rs 75,500 per kilogram.
Gold charge in the present day in India: Retail gold value on February 20
Gold Rate Today In Delhi
In Delhi, people have to allocate Rs 57,610 for 10 grams of twenty-two-carat gold and Rs 62,830 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 57,460, whereas the identical quantity of 24-carat gold is valued at Rs 62,680.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 58,010, and for a similar quantity of 24-carat gold, it’s Rs 63,280.
Check gold charges in the present day in numerous cities on February 20, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,510 | 62,730 |
| Kolkata | 57,460 | 62,680 |
| Gurugram | 57,500 | 62,710 |
| Lucknow | 57,500 | 62,710 |
| Bengaluru | 57,460 | 62,680 |
| Jaipur | 57,500 | 62,710 |
| Patna | 57,400 | 62,610 |
| Bhubaneshwar | 57,350 | 62,560 |
| Hyderabad | 57,460 | 62,680 |
Multi Commodity Exchange
On February 20, 2024, the futures for gold set to run out on April 05 have been actively traded at Rs 62,009 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date have been quoted at Rs 71,213.
The retail value of gold within the nation is the quantity clients 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 very necessary 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 just 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 beneficial hedge in opposition to inflation.
