Gold fee at present in India on March 1, 2024: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
Gold Rate Today: It refers to present retail fee, the quantity clients are charged. Investors monitor it because it impacts buying determination & funding plans
Gold Rate Today In India: On March 1, 2024, gold costs throughout India skilled a bounce. The base value for 10 grams rose to round Rs 63,150. A more in-depth look reveals that the typical value for 10 grams of 24-carat gold was roughly Rs 63,160, whereas 22-carat gold averaged Rs 57,900.
At the identical time, the silver market displayed a constant upward development, reaching Rs 74,500 per kilogram.
Gold fee at present in India: Retail gold value on March 1
Gold Rate Today In Delhi
As of at present, March 1, 2024, in Delhi, you would wish roughly Rs 58,050 to buy 10 grams of twenty-two-carat gold and Rs 63,310 for a similar 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 57,900, whereas the equal quantity of 24-carat gold is valued at Rs 63,160.
Gold Rate Today In Ahmedabad
In Ahmedabad, the worth for 10 grams of twenty-two-carat gold is Rs 57,950, and for a similar quantity of 24-carat gold, it’s Rs 63,210.
Check gold charges at present in numerous cities on March 1, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 58,400 | 63,710 |
| Kolkata | 57,900 | 63,160 |
| Gurugram | 58,050 | 63,310 |
| Lucknow | 58,050 | 63,310 |
| Bengaluru | 57,900 | 63,160 |
| Jaipur | 58,050 | 63,310 |
| Patna | 57,950 | 63,210 |
| Bhubaneshwar | 57,900 | 63,160 |
| Hyderabad | 57,900 | 63,160 |
Multi Commodity Exchange
On March 1, 2024, the Multi Commodity Exchange (MCX) noticed bleak buying and selling in gold futures contracts expiring on April 5, 2024. These contracts had been priced at Rs 62,537 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, had been quoted at Rs 71,420 on the MCX.
Retail Cost of Gold
The retail value of gold in India, sometimes called the gold fee, is the ultimate value per unit weight that clients pay when buying gold. This value is influenced by a number of elements past the inherent worth of the steel itself.
Gold is extremely vital 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 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 helpful hedge towards inflation.
