On March 10, 2024, gold rates in India experienced fluctuations, with the fundamental price for 10 grams remaining close to Rs 65,000. A detailed examination revealed that the average price for 10 grams of 24-carat gold was approximately Rs 66,270, while 22-carat gold averaged around Rs 60,750.
Meanwhile, the silver market displayed an upward trend, reaching Rs 75,700 per kilogram.
Here are the retail gold prices for March 10 in different cities:
Gold Rate Today In Delhi:
- 10 grams of 22-carat gold: Approximately Rs 60,900
- 10 grams of 24-carat gold: Approximately Rs 66,420
Gold Rate Today In Mumbai:
- 10 grams of 22-carat gold: Rs 60,750
- 10 grams of 24-carat gold: Rs 66,270
Gold Rate Today In Ahmedabad:
- 10 grams of 22-carat gold: Rs 60,800
- 10 grams of 24-carat gold: Rs 66,320
Here are the gold rates for different cities in India on March 10, 2024, in Rs/10 grams:
| CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE |
|---|---|---|
| Chennai | 61,500 | 67,100 |
| Kolkata | 60,750 | 66,270 |
| Gurugram | 60,900 | 66,420 |
| Lucknow | 60,900 | 66,420 |
| Bengaluru | 60,750 | 66,270 |
| Jaipur | 60,900 | 66,420 |
| Patna | 60,800 | 66,320 |
| Bhubaneshwar | 60,750 | 66,270 |
| Hyderabad | 60,750 | 66,270 |
These rates reflect the prices of 10 grams of gold for both 22-carat and 24-carat variants across various cities in India.
On March 8, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts expiring on April 5, 2024, with these contracts priced at Rs 66,019 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 74,280 on the MCX.
The retail price of gold in India, commonly known as the gold rate, refers to the final cost per unit weight that customers pay when purchasing gold. This price is influenced by various factors beyond the intrinsic value of the metal itself.
Gold holds immense significance in India due to its cultural importance, its value as an investment, and its traditional role in weddings and festivals.
In accordance with a recent statement from the All India Gem and Jewellery Domestic Council (GJC), they anticipate that ongoing global economic uncertainties and geopolitical tensions will propel gold prices to reach a historic peak of Rs 70,000 per 10 grams in the upcoming year. This projection underscores gold’s significance as a dependable investment and a valuable hedge against inflation.