Gold fee at this time in India on March 8, 2024: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold fee at this time in India: On March 8, there was an increase in retail gold costs throughout varied cities in spot market
Gold Rate Today In India: As of March 8, 2024, an increase in gold costs was noticed throughout completely different cities in India. The common fee for 10 grams remained round Rs 65,730. To present a broader perspective, the common value of 10 grams of 24-carat gold was roughly Rs 65,730, whereas the corresponding quantity for 22-carat gold stood at Rs 60,250.
At the identical time, the silver market displayed a constant downward development, reaching Rs 75,500 per kilogram.
Gold fee at this time in India: Retail gold value on March 8
Gold Rate Today In Delhi
In Delhi, individuals must spend Rs 60,400 for 10 grams of twenty-two-carat gold and Rs 65,880 for a similar quantity of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is at the moment priced at Rs 60,250, whereas the identical quantity of 24-carat gold is valued at Rs 65,730.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 61,050, and for a similar quantity of 24-carat gold, it’s Rs 66,600.
Check gold charges at this time in numerous cities on March 8, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 60,300 | 65,780 |
| Kolkata | 60,250 | 65,730 |
| Gurugram | 60,400 | 65,880 |
| Lucknow | 60,400 | 65,880 |
| Bengaluru | 60,250 | 65,730 |
| Jaipur | 60,400 | 65,880 |
| Patna | 60,300 | 65,780 |
| Bhubaneshwar | 60,250 | 65,730 |
| Hyderabad | 60,250 | 65,730 |
Multi Commodity Exchange
On March 8, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 65,382 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 74,300.
The retail value of gold within the nation is the quantity clients pay for it. This value is influenced by varied elements, 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 extremely essential 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 worthwhile hedge towards inflation.
