India’s Gold Price Is Rising Right Now: Find Out the 24 Carat Rate in Your City on March 7
Today’s Gold Valuation in India: The current surge in gold prices reached a pinnacle, escalating by Rs 800 to establish a new record zenith of Rs 65,000 per 10 grams in the national capital, spurred by robust global trends. On March 7, 2024, the gold rates in India exhibited fluctuations, yet the intrinsic value for 10 grams closely adhered to the Rs 65,000 mark. Upon meticulous scrutiny, it surfaced that the mean cost for 10 grams of 24-carat gold approximated Rs 65,560, while 22-carat gold averaged approximately Rs 60,100.
Simultaneously, the silver market manifested an ascendant trajectory, reaching Rs 74,400 per kilogram.
Present Gold Assessment in India: Retail gold prices on March 7
Gold Valuation Today In Delhi
On March 7, 2024, in Delhi, the extant rate for 10 grams of 22-carat gold hovers around Rs 60,250, whereas the equivalent amount of 24-carat gold commands a price of approximately Rs 65,710.
Gold Valuation Today In Mumbai
At present, in Mumbai, the cost of 10 grams of 22-carat gold stands at Rs 60,100, while an equivalent quantity of 24-carat gold is appraised at Rs 65,560.
Gold Valuation Today In Ahmedabad
In Ahmedabad, the valuation for 10 grams of 22-carat gold is Rs 60,150, and for an identical amount of 24-carat gold, it stands at Rs 65,610.
Examine the gold rates today in various cities on March 7, 2024; (In Rs/10 grams)
CITY 22 CARAT GOLD PRICE 24-CARAT GOLD PRICE
Chennai: 60,410- 65,900
Kolkata: 60,100 -65,560
Gurugram: 60,250- 65,710
Lucknow: 60,250- 65,710
Bengaluru: 60,100- 65,560
Jaipur: 60,250- 65,710
Patna: 60,150- 65,610
Bhubaneshwar: 60,100- 65,560
Hyderabad: 60,100- 65,560
Multi-commodity exchange
On March 7, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts expiring on April 5, 2024. These contracts were valued at Rs 65,399 per 10 grams. Additionally, silver futures contracts maturing on May 3, 2024, were quoted at Rs 74,167 on the MCX.
Retail Expense of Gold
The retail price of gold in India, often denoted as the gold rate, represents the final cost per unit weight that patrons incur when acquiring gold. This price is influenced by numerous factors extending beyond the intrinsic worth of the metal itself.
Gold holds profound significance in India owing to its cultural eminence, its merit as an investment, and its traditional role in weddings and festivities.
Prospective Outlook in 2024
According to the recent pronouncement by the All India Gem and Jewellery Domestic Council (GJC), they envisage that persistent global economic uncertainties and geopolitical tensions will propel gold prices to scale a historic summit of Rs 70,000 per 10 grams in the ensuing year. This forecast underscores gold’s status as a dependable investment and a valuable hedge against inflation.
