Today, on March 10, 2024, gold rates in India witnessed fluctuations, with the base price for 10 grams remaining close to Rs 65,000. A detailed analysis revealed that 24-carat gold averaged around Rs 66,270, while 22-carat gold stood at approximately Rs 60,750 per 10 grams.
Meanwhile, the silver market showed an upward trend, reaching Rs 75,700 per kilogram.
In Delhi, as of March 10, 2024, the price for 10 grams of 22-carat gold is approximately Rs 60,900, while 10 grams of 24-carat gold is priced at around Rs 66,420.
Similarly, in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 60,750, and 24-carat gold is valued at Rs 66,270.
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In Ahmedabad, 10 grams of 22-carat gold is priced at Rs 60,800, while the same amount of 24-carat gold costs Rs 66,320.
On March 8, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts expiring on April 5, 2024, with prices quoted at Rs 66,019 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were priced at Rs 74,280 on the MCX.
The retail price of gold in India, commonly referred to as the gold rates , is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by various factors beyond the metal’s inherent value.
Gold holds significant cultural and investment value in India, playing a traditional role in weddings, festivals, and as a safeguard against inflation.
Looking ahead, the All India Gem and Jewellery Domestic Council (GJC) predicts that ongoing global economic uncertainties and geopolitical tensions will drive gold prices to reach a historic peak of Rs 70,000 per 10 grams in the coming year. This underscores gold’s resilience as a reliable investment option.
