Gold price at the moment in India on February 23, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold price at the moment in India: On February 23, there was an increase in retail gold costs throughout numerous cities in spot market
Gold Rate Today In India: As of February 23, 2024, an increase in gold costs was noticed throughout completely different cities in India. The common price for 10 grams remained round Rs 62,730. To present a broader perspective, the typical worth of 10 grams of 24-carat gold was roughly Rs 62,730, whereas the corresponding quantity for 22-carat gold stood at Rs 57,500.
On the opposite hand, the silver market displayed a constant downward pattern, reaching Rs 74,500 per kilogram.
Gold price at the moment in India: Retail gold worth on February 23
Gold Rate Today In Delhi
In Delhi, individuals should spend Rs 57,650 for 10 grams of twenty-two-carat gold and Rs 62,880 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 57,500, whereas the identical quantity of 24-carat gold is valued at Rs 62,730.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 57,950, and for a similar quantity of 24-carat gold, it’s Rs 63,220.
Check gold charges at the moment in several cities on February 23, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,550 | 62,780 |
| Kolkata | 57,500 | 62,730 |
| Gurugram | 57,650 | 62,880 |
| Lucknow | 57,650 | 62,880 |
| Bengaluru | 57,500 | 62,730 |
| Jaipur | 57,650 | 62,880 |
| Patna | 57,550 | 62,780 |
| Bhubaneshwar | 57,500 | 62,730 |
| Hyderabad | 57,500 | 62,730 |
Multi Commodity Exchange
On February 23, 2024, the futures for gold set to run out on April 05 have been actively traded at Rs 62,001 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date have been quoted at Rs 69,914.
The retail value of gold within the nation is the quantity clients pay for it. This worth is influenced by numerous 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 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 international 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 yr. This trajectory underscores gold’s standing as a reliable funding and a beneficial hedge towards inflation.
