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Gold Rate Today in India: As of February 18, 2024, gold prices remained unchanged in India. The average price per 10 grams remained around Rs 62,400. To provide a broader perspective, the average price of 10 grams of 24 karat gold was approximately Rs 62,400, while the amount corresponding to 22 karat gold stood at Rs 57,200.
At the same time, the silver market also showed status quo, reaching Rs 76,500 per kilogram.
Gold Rate Today in India: Retail Gold Price on February 18
Gold rate today in Delhi
In Delhi, people have to spend Rs 57,350 for 10 grams of 22-carat gold and Rs 62,550 for the same amount of 24-carat gold.
Gold Price Today in Mumbai
In Mumbai, 10 grams of 22-carat gold currently costs Rs 57,200, while the same amount of 24-carat gold is worth Rs 62,400.
Gold rate today in Chennai
In Chennai, the price of 10 grams of 22 carat gold is Rs 57,800 and the same amount of 24 carat gold is Rs 63,050.
Check gold rates today in different cities on February 18, 2024; (In Rs/10 grams)
| City | 22 karat gold price | 24 karat gold price |
| Ahmedabad | 57,250 | 62,450 |
| Calcutta | 57,200 | 62,400 |
| Gurugram | 57,350 | 62,550 |
| Lucknow | 57,350 | 62,550 |
| Bengaluru | 57,200 | 62,400 |
| Jaipur | 57,350 | 62,550 |
| Patna | 57,250 | 62,450 |
| Bhubaneshwar | 57,200 | 62,400 |
| Hyderabad | 57,200 | 62,400 |
The Multi Commodity Exchange will be closed on Sunday, February 18.
The retail cost of gold in the country is the amount that customers pay for it. This price is influenced by several factors, including the world price of gold, the value of the rupee, and the costs associated with labor and materials used in the production of gold jewelry.
Gold is very important in India due to its cultural importance, its investment value and its traditional role in weddings and festivals.
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Outlook for 2024: price of 70,000 rupees per 10 grams of gold
According to the All India Gem and Jewelery Domestic Council (GJC), they have recently stated that global economic uncertainties and prevailing geopolitical tensions are expected to push gold prices to an all-time high of Rs 70,000 per 10 grams over the next year. This trajectory underlines gold’s status as a reliable investment and a valuable hedge against inflation.
first published: February 18, 2024, 12:06 IST