Gold price at this time in India on February 29, 2024. (Representative picture)
Gold Rate Today: It refers to present retail price, the quantity prospects are charged. Investors monitor it because it impacts buying choice & funding plans
Gold Rate Today In India: On February 29, 2024, gold costs throughout India skilled some fluctuation. However, the bottom value for 10 grams remained comparatively steady at round Rs 62,000. A better look reveals that the common value for 10 grams of 24-carat gold was roughly Rs 62,830, whereas 22-carat gold averaged Rs 57,590.
At the identical time, the silver market displayed a constant upward development, reaching Rs 73,900 per kilogram.
Gold price at this time in India: Retail gold value on February 29
Gold Rate Today In Delhi
As of at this time, February 29, 2024, in Delhi, you would wish roughly Rs 57,740 to buy 10 grams of twenty-two-carat gold and Rs 62,990 for a similar quantity of 24-carat gold.
Gold Rate Today In Mumbai 22 Carat & 24 Carat
Currently in Mumbai, the value 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 value 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 at this time in several cities on February 29, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 58,090 | 63,370 |
| 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 29, 2024, the Multi Commodity Exchange (MCX) noticed energetic buying and selling in gold futures contracts expiring on April 5, 2024. These contracts have been priced at Rs 62,275 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, have been quoted at Rs 70,935 on the MCX.
Retail Cost of Gold
The retail value of gold in India, also known as the gold price, is the ultimate price per unit weight that prospects pay when buying gold. This value is influenced by a number of components 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 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 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 invaluable hedge in opposition to inflation.
