Gold charge in the present day in India on March 1, 2024: India is the most important importer of gold, which primarily caters to the demand of the jewelry business. (Consultant picture)
Gold Price Right this moment: It refers to present retail charge, the quantity clients are charged. Buyers monitor it because it impacts buying resolution & funding plans
Gold Price Right this moment In India: On March 1, 2024, gold costs throughout India skilled a soar. The bottom value for 10 grams rose to round Rs 63,150. A more in-depth look reveals that the common value for 10 grams of 24-carat gold was roughly Rs 63,160, whereas 22-carat gold averaged Rs 57,900.
On the identical time, the silver market displayed a constant upward pattern, reaching Rs 74,500 per kilogram.
Gold charge in the present day in India: Retail gold value on March 1
Gold Price Right this moment In Delhi
As of in the present day, March 1, 2024, in Delhi, you would want roughly Rs 58,050 to buy 10 grams of 22-carat gold and Rs 63,310 for a similar quantity of 24-carat gold.
Gold Price Right this moment In Mumbai 22 Carat & 24 Carat
At present in Mumbai, the worth of 10 grams of 22-carat gold stands at Rs 57,900, whereas the equal quantity of 24-carat gold is valued at Rs 63,160.
Gold Price Right this moment In Ahmedabad
In Ahmedabad, the worth for 10 grams of 22-carat gold is Rs 57,950, and for a similar quantity of 24-carat gold, it’s Rs 63,210.
Test gold charges in the present day in several cities on March 1, 2024; (In Rs/10 grams)
| Metropolis | 22 Carat Gold Value | 24-Carat Gold Value |
| 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 Trade
On March 1, 2024, the Multi Commodity Trade (MCX) noticed bleak buying and selling in gold futures contracts expiring on April 5, 2024. These contracts have been priced at Rs 62,537 per 10 grams. Moreover, silver futures contracts expiring on Might 3, 2024, have been quoted at Rs 71,420 on the MCX.
Retail Price of Gold
The retail value of gold in India, sometimes called the gold charge, is the ultimate value per unit weight that clients pay when buying gold. This value is influenced by a number of components past the inherent worth of the metallic itself.
Gold is very 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 Value
In line with the All India Gem and Jewelry Home Council (GJC), they’ve not too long ago acknowledged 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 beneficial hedge in opposition to inflation.
