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Gold Rate Today in India: On March 20, 2024, gold prices in India experienced fluctuations. However, the fundamental price of 10 grams remained close to Rs 65,000. A detailed price analysis revealed that the average cost of 10 grams of 24 karat gold was approximately Rs 66,340, while 22 karat gold averaged around Rs 60,810.
At the same time, the silver market showed an upward trend, reaching Rs 77,400 per kilogram.
Gold Rate Today in India: Retail Gold Price on March 20
Gold rate today in Delhi
As of March 20, 2024, in Delhi, the current price of 10 grams of 22 karat gold is approximately Rs 60,960, while 10 grams of 24 karat gold is priced around Rs 66,490.
Gold rate today in Mumbai
Currently in Mumbai, the price of 10 grams of 22 carat gold stands at Rs 60,810, while the equivalent amount of 24 carat gold is valued at Rs 66,340.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price of 10 grams of 22 carat gold is Rs 60,860 and the same amount of 24 carat gold is Rs 66,390.
Check gold quotes today in different cities on March 20, 2024; (In Rs/10 grams)
| City | 22 karat gold price | 24 karat gold price |
| Chennai | 61,360 | 66,940 |
| Calcutta | 60,810 | 66,340 |
| Gurugram | 60,960 | 66,490 |
| Lucknow | 60,960 | 66,490 |
| Bengaluru | 60,810 | 66,340 |
| Jaipur | 60,960 | 66,490 |
| Patna | 60,860 | 66,390 |
| Bhubaneshwar | 60,810 | 66,340 |
| Hyderabad | 60,810 | 66,340 |
Multi Commodity Bag
On March 20, 2024, the Multi Commodity Exchange (MCX) recorded active trading of gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 65,684 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024 were trading at Rs 75,330 on the MCX.
Retail cost of gold
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The retail price of gold in India, often referred to as the gold rate, is the final cost per unit of weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is very important in India due to its cultural importance, its investment value and its traditional role in weddings and festivals.
first published: March 20, 2024, 09:26 IST