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Gold Rate Falls Today In India: Check 24 Carat Gold Price In Your City On February 18

Gold rate today in India: On February 18, there were fall in retail gold prices across various cities in spot market

Gold Rate Today In India: As of February 18, 2024, gold prices remained unchanged in India. The average rate for 10 grams remained around Rs 62,400. To provide a broader perspective, the average price of 10 grams of 24-carat gold was approximately Rs 62,400, while the corresponding amount for 22-carat gold stood at Rs 57,200.

At the same time, the silver market also showed status quo, reaching Rs 76,500 per kilogram.

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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 is currently priced at Rs 57,200, whereas the same amount of 24-carat gold is valued at Rs 62,400.

Gold Rate Today In Chennai 

In Chennai, the price for 10 grams of 22-carat gold is Rs 57,800, and for the same amount of 24-carat gold, it’s Rs 63,050.

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Check gold rates today in different cities on February 18, 2024; (In Rs/10 grams)

CITY22 CARAT GOLD PRICE24 CARAT GOLD PRICE
Ahmedabad57,25062,450
Kolkata57,20062,400
Gurugram57,35062,550
Lucknow57,35062,550
Bengaluru57,20062,400
Jaipur57,35062,550
Patna57,25062,450
Bhubaneshwar57,20062,400
Hyderabad57,20062,400

The Multi Commodity Exchange is closed on Sunday, February 18.

The retail cost of gold in the country is the amount customers pay for it. This price is influenced by various factors, including the global gold price, the value of the Rupee, and the costs associated with labour and materials used in the production of gold jewellery.

Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.

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2024 Outlook: Rs 70,000 Per 10 Grams Gold Price

According to the All India Gem and Jewellery Domestic Council (GJC), they have recently stated that prevailing global economic uncertainties and geopolitical tensions are expected to propel gold prices to a historic high of Rs 70,000 per 10 grams in the upcoming year. This trajectory underscores gold’s status as a dependable investment and a valuable hedge against inflation.

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