India’s Gold Price Drops Today: Find Out the 24 Carat Cost in Your City on February 26
On the 26th of February, 2024, the gold market in India experienced undulating shifts in its pricing across diverse urban centers. The standardized cost for 10 grams exhibited relative steadiness, maintaining a vicinity of approximately Rs 62,000. Broadening the spectrum of comparison, the mean valuation for 10 grams of 24-carat gold rested at around Rs 62,840, while for 22-carat gold, it amounted to Rs 57,600.
Concurrently, the silver market manifested an unwavering upward trajectory, culminating at Rs 74,500 per kilogram.
Gold rates on this day in India: Retail prices of gold on February 26
Gold Rates Today In Mumbai for 22 Carat & 24 Carat
Presently in Mumbai, the valuation for 10 grams of 22-carat gold registers at Rs 57,600, while the equivalent quantity of 24-carat gold commands a value of Rs 62,840.
Current Gold Rates Today In Delhi
In the capital city of Delhi, individuals are mandated to earmark Rs 57,750 for 10 grams of 22-carat gold and Rs 62,940 for an equivalent amount of 24-carat gold.
Gold Rates Today In Chennai
In the southern city of Chennai, the tariff for 10 grams of 22-carat gold is Rs 58,100, and for the identical quantity of 24-carat gold, it stands at Rs 63,380.
Verify the gold rates today in different cities on February 26, 2024; (In Rs/10 grams)
CITY 22-CARAT GOLD PRICE 24-CARAT GOLD PRICE
Ahmedabad 57,650 62,890
Kolkata 57,600 62,840
Gurugram 57,750 62,940
Lucknow 57,750 62,940
Bengaluru 57,600 62,840
Jaipur 57,750 62,940
Patna 57,650 62,890
Bhubaneshwar 57,600 62,840
Hyderabad 57,600 62,840
Multi Commodity Exchange
On the 26th of February, 2024, the futures for gold set to expire on the 5th of April were actively transacted at Rs 62,232 on the Multi Commodity Exchange. Additionally, silver futures with a maturity date of the 5th of March, 2024, were quoted at Rs 70,147.
Retail Valuation of Gold
The retail valuation of gold in the nation is the sum customers disburse for it. This figure is influenced by myriad factors, encompassing the global valuation of gold, the value of the Rupee, and the expenditures associated with labor and materials utilized in the crafting of gold jewelry.
Gold holds paramount importance in India owing to its cultural significance, its allure as an investment, and its traditional role in weddings and festivals.
Outlook for 2024: Anticipated Gold Price of Rs 70,000 Per 10 Grams
As per the All India Gem and Jewellery Domestic Council (GJC), they have recently asserted that prevailing global economic uncertainties and geopolitical tensions are poised to propel gold prices to a historic pinnacle of Rs 70,000 per 10 grams in the forthcoming year. This trajectory underscores gold’s stature as a reliable investment and a valuable hedge against inflation.
