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Gold charge at present in India on February 19, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold Rate Rises Today In India: Check 24 Carat Gold Price In Your City On February 19 – News18
Gold Rate Today In India: As of February 19, 2024, an increase in gold costs was noticed throughout completely different cities in India. The common charge for 10 grams remained round Rs 62,670. To present a broader perspective, the common worth of 10 grams of 24-carat gold was roughly Rs 62,670, whereas the corresponding quantity for 22-carat gold stood at Rs 57,450.
At the identical time, the silver market displayed a constant downward pattern, reaching Rs 76,000 per kilogram.
Gold charge at present in India: Retail gold worth on February 19
Gold Rate Today In Delhi
In Delhi, individuals should spend Rs 57,600 for 10 grams of twenty-two-carat gold and Rs 62,820 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 57,450, whereas the identical quantity of 24-carat gold is valued at Rs 62,670.
Gold Rate Today In ChennaiÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 58,000, and for a similar quantity of 24-carat gold, it’s Rs 63,270.
Check gold charges at present in numerous cities on February 19, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,500 | 62,720 |
| Kolkata | 57,450 | 62,670 |
| Gurugram | 57,600 | 62,820 |
| Lucknow | 57,600 | 62,820 |
| Bengaluru | 57,450 | 62,670 |
| Jaipur | 57,600 | 62,820 |
| Patna | 57,500 | 62,720 |
| Bhubaneshwar | 57,450 | 62,670 |
| Hyderabad | 57,450 | 62,670 |
Multi Commodity Exchange
On February 19, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 62,013 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 71,449.
The retail value of gold within the nation is the quantity prospects pay for it. This worth is influenced by varied components, 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 necessary 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 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 worthwhile hedge towards inflation.
