Gold fee right this moment in India on February 28, 2024. (Representative picture)
Gold Rate Today: The retail value of gold represents the sum that prospects are charged for it.
Gold Rate Today In India: On February 28, 2024, gold costs skilled fluctuations in a number of Indian cities. The base value for 10 grams remained pretty constant, fluctuating round Rs 62,000. Expanding the evaluation, the imply value for 10 grams of 24-carat gold was roughly Rs 62,830, whereas for 22-carat gold, it reached Rs 57,590.
At the identical time, the silver market displayed a constant upward pattern, reaching Rs 73,900 per kilogram.
Gold fee right this moment in India: Retail gold value on February 28
Gold Rate Today In Delhi
In Delhi, people are required to allocate Rs 57,740 for 10 grams of twenty-two-carat gold and Rs 62,990 for an identical quantity of 24-carat gold.
Gold Rate Today In Mumbai 22 Carat & 24 Carat
Currently in Mumbai, the worth of 10 grams of twenty-two-carat gold stands at Rs 57,590, whereas the equal quantity of 24-carat gold is valued at Rs 62,830.
Gold Rate Today In Ahmedabad
In Ahmedabad, the worth for 10 grams of twenty-two-carat gold is Rs 57,640, and for a similar quantity of 24-carat gold, it’s Rs 62,880.
Check gold charges right this moment in numerous cities on February 28, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 58,100 | 63,380 |
| Kolkata | 57,590 | 62,830 |
| Gurugram | 57,740 | 62,990 |
| Lucknow | 57,740 | 62,990 |
| Bengaluru | 57,590 | 62,830 |
| Jaipur | 57,740 | 62,990 |
| Patna | 57,640 | 62,880 |
| Bhubaneshwar | 57,590 | 62,830 |
| Hyderabad | 57,590 | 62,830 |
Multi Commodity Exchange
On February 28, 2024, the futures for gold set to run out on April 05 had been actively traded at Rs 62,202 on the Multi Commodity Exchange. Furthermore, silver futures with a May 03, 2024 expiration date had been quoted at Rs 70,799.
Retail Cost of Gold
The retail price of gold within the nation is the quantity prospects 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 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 12 months. This trajectory underscores gold’s standing as a reliable funding and a invaluable hedge in opposition to inflation.
