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Gold price immediately in India on February 18, 2024: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold Rate Falls Today In India: Check 24 Carat Gold Price In Your City On February 18 – News18
Gold Rate Today In India: As of February 18, 2024, gold costs remained unchanged in India. The common price for 10 grams remained round Rs 62,400. To present a broader perspective, the typical value of 10 grams of 24-carat gold was roughly Rs 62,400, whereas the corresponding quantity for 22-carat gold stood at Rs 57,200.
At the identical time, the silver market additionally confirmed establishment, reaching Rs 76,500 per kilogram.
Gold price immediately in India: Retail gold value on February 18
Gold Rate Today In Delhi
In Delhi, folks should spend Rs 57,350 for 10 grams of twenty-two-carat gold and Rs 62,550 for a similar quantity of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is at present priced at Rs 57,200, whereas the identical quantity of 24-carat gold is valued at Rs 62,400.
Gold Rate Today In ChennaiÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 57,800, and for a similar quantity of 24-carat gold, it’s Rs 63,050.
Check gold charges immediately in several cities on February 18, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,250 | 62,450 |
| Kolkata | 57,200 | 62,400 |
| Gurugram | 57,350 | 62,550 |
| Lucknow | 57,350 | 62,550 |
| Bengaluru | 57,200 | 62,400 |
| Jaipur | 57,350 | 62,550 |
| Patna | 57,250 | 62,450 |
| Bhubaneshwar | 57,200 | 62,400 |
| Hyderabad | 57,200 | 62,400 |
The Multi Commodity Exchange is closed on Sunday, February 18.
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 essential in India due to its cultural significance, its worth for funding, and its conventional function 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 beneficial hedge in opposition to inflation.
