Hubballi Joins the Glitter: Today’s Gold Rates Across Major Indian Cities
Todays Gold Price: Gold lovers, rejoice! Today, February 21st, 2024, sees glimmering possibilities across major Indian cities as gold prices hold steady. Whether you’re in Ahmedabad or Hyderabad, Kolkata or Gurugram, this article shines a light on the current prices for both 22k and 24k gold, per 10 grams:
According to Kalyan Jewelers, the gold price in Hubballi is 57,600 for 22 carat, 10 gms.
| **City | 22k Gold Price (Rs) | 24k Gold Price (Rs)** |
|---|---|---|
| Ahmedabad | 57,390 | 62,600 |
| Kolkata | 57,340 | 62,550 |
| Gurugram | 57,490 | 62,700 |
| Lucknow | 57,490 | 62,700 |
| Bengaluru | 57,340 | 62,550 |
| Jaipur | 57,490 | 62,700 |
| Patna | 57,390 | 62,600 |
| Bhubaneshwar | 57,340 | 62,550 |
| Hyderabad | 57,340 | 62,550 |
Beyond Retail: MCX Futures and Investment Considerations
Looking beyond retail prices, the Multi Commodity Exchange (MCX) paints an interesting picture. Gold futures maturing on April 5th, 2024, are actively traded at Rs 62,210, while silver futures maturing on March 5th, 2024, stand at Rs 71,424. These figures offer insights for investors seeking to understand broader market trends.
Retail Cost Factors: Understanding the Extra Sparkle
Remember, the retail cost of gold incorporates additional factors beyond the base price. Global market fluctuations, rupee exchange rate, and production costs all play a role in shaping the final price tag you see at your local jeweler.
Cultural Significance and Beyond: Why Gold Holds Value in India
Gold’s importance in India transcends its economic value. Its deep cultural significance, role in weddings and festivals, and status as a reliable investment option make it a cherished metal for many.
