Gold charge right this moment in India on March 7, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold charge right this moment in India: Know newest retail gold value on March 7
Gold Rate Today In India: Gold costs on Tuesday surged Rs 800 to hit a recent report excessive of Rs 65,000 per 10 grams within the nationwide capital amid sturdy world traits. On March 7, 2024, gold charges in India skilled fluctuations. However, the elemental value for 10 grams stayed near Rs 65,000. An in depth examination revealed that the typical value for 10 grams of 24-carat gold was roughly Rs 65,560, whereas 22-carat gold averaged round Rs 60,100.
At the identical time, the silver market displayed an upward pattern, reaching Rs 74,400 per kilogram.
Gold charge right this moment in India: Retail gold value on March 7
Gold Rate Today In Delhi
As of March 7, 2024, in Delhi, the present value for 10 grams of twenty-two-carat gold is roughly Rs 60,250, whereas 10 grams of 24-carat gold is priced at round Rs 65,710.
Gold Rate Today In Mumbai
Currently in Mumbai, the value of 10 grams of twenty-two-carat gold stands at Rs 60,100, whereas the equal quantity of 24-carat gold is valued at Rs 65,560.
Gold Rate Today In Ahmedabad
In Ahmedabad, the value for 10 grams of twenty-two-carat gold is Rs 60,150, and for a similar quantity of 24-carat gold, it’s Rs 65,610.
Check gold charges right this moment in several cities on March 7, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 60,410 | 65,900 |
| Kolkata | 60,100 | 65,560 |
| Gurugram | 60,250 | 65,710 |
| Lucknow | 60,250 | 65,710 |
| Bengaluru | 60,100 | 65,560 |
| Jaipur | 60,250 | 65,710 |
| Patna | 60,150 | 65,610 |
| Bhubaneshwar | 60,100 | 65,560 |
| Hyderabad | 60,100 | 65,560 |
Multi Commodity Exchange
On March 7, 2024, the Multi Commodity Exchange (MCX) noticed lively buying and selling in gold futures contracts expiring on April 5, 2024. These contracts have been priced at Rs 65,399 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, have been quoted at Rs 74,167 on the MCX.
Retail Cost of Gold
The retail value of gold in India, sometimes called 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 essential in India due to its cultural significance, its worth for funding, and its conventional function in weddings and festivals.
2024 Outlook
As per the current assertion from the All India Gem and Jewellery Domestic Council (GJC), they anticipate that ongoing world financial uncertainties and geopolitical tensions will drive gold costs to achieve a historic peak of Rs 70,000 per 10 grams within the coming yr. This projection highlights gold’s function as a dependable funding and a worthwhile safeguard in opposition to inflation.
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