Gold Rate Today: Gold Price Jumps in Major Indian Cities, Silver Sees Downtrend
Gold Rate Today in India, February 23, 2024: Gold prices rose across major Indian cities on Friday, February 23rd, defying the global trend. The average price of 10 grams of 24-carat gold touched Rs 62,730, while 22-carat gold hovered around Rs 57,500. This rise comes despite a consistent downward trend in the silver market, where prices dipped to Rs 74,500 per kilogram. According to Kalyan Jewelers, gold price in Hubballi today for 22-carat gold is Rs 57,500.
City-wise Breakdown:
- Delhi: Residents paid Rs 57,650 for 22-carat gold and Rs 62,880 for 24-carat.
- Mumbai: 22-carat gold was priced at Rs 57,500, while 24-carat commanded Rs 62,730.
- Chennai: The rates for 22-carat and 24-carat gold were Rs 57,950 and Rs 63,220, respectively.
Check gold rates today in different cities on February 23, 2024; (In Rs/10 grams)
| CITY | 22 CARAT GOLD PRICE | 24 CARAT GOLD PRICE |
| Ahmedabad | 57,550 | 62,780 |
| Kolkata | 57,500 | 62,730 |
| Gurugram | 57,650 | 62,880 |
| Lucknow | 57,650 | 62,880 |
| Bengaluru | 57,500 | 62,730 |
| Jaipur | 57,650 | 62,880 |
| Patna | 57,550 | 62,780 |
| Bhubaneshwar | 57,500 | 62,730 |
| Hyderabad | 57,500 | 62,730 |
Other Key Points:
- MCX Futures: April gold futures traded actively at Rs 62,001 on the Multi Commodity Exchange, while March silver futures settled at Rs 69,914.
- Factors Influencing Price: The retail cost of gold is impacted by global prices, the Rupee’s value, and production costs.
- Significance of Gold in India: Gold holds cultural and investment value in India, playing a crucial role in weddings and festivals.
Overall, despite the contrasting movement in silver prices, gold continues to shine in India, reflecting its enduring appeal in the country.
Follow Us
