Gold fee at present in India on February 08, 2024: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold fee at present in India: On February eighth, retail gold costs noticed marginal adjustments in a number of cities.
Gold Rate Today In India: As of February 08, 2024, numerous shifts in gold costs had been famous throughout numerous cities in India. The constant worth for 10 grams hovered round Rs 63,000. For a extra complete understanding, the typical worth of 10 grams of 24-carat gold was documented at Rs 63,230, whereas the corresponding determine for 22-carat gold was Rs 58,000.
Meanwhile, the silver market demonstrated a gentle upward trajectory, reaching Rs 74,500 per kilogram.
Gold fee at present in India: Retail gold worth on February 08
Gold Price Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is at the moment priced at Rs 58,000, whereas the identical quantity of 24-carat gold is valued at Rs 63,230.
Gold Rate Today In Delhi
In Delhi, individuals should spend Rs 58,000 for 10 grams of twenty-two-carat gold and Rs 63,330 for a similar quantity of 24-carat gold.
Gold Rate Today In ChennaiÂ
In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 58,400, and for a similar quantity of 24-carat gold, it’s Rs 63,720.
Check gold charges at present in numerous cities on February 08, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 58,050 | 63,280 |
| Kolkata | 58,000 | 63,230 |
| Gurugram | 58,150 | 63,330 |
| Lucknow | 58,150 | 63,330 |
| Bengaluru | 58,000 | 63,230 |
| Jaipur | 58,150 | 63,330 |
| Patna | 58,050 | 63,280 |
| Bhubaneshwar | 58,000 | 63,230 |
| Hyderabad | 58,000 | 63,230 |
Multi Commodity Exchange
On February 08, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 62,439 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 70,247.
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 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 acknowledged 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 in opposition to inflation.
