Odisha News Hour

The price of gold has dropped in India today. On February 21, get the 24-carat rate in your city

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<p>On February 21, 2024, undulations in the gold market were observed across various Indian cities. The mean cost for 10 grams remained unwavering at approximately Rs 62,000. For a more comprehensive juxtaposition, 10 grams of 24-carat gold averaged around Rs 62,550, whereas for 22-carat gold, it stood at Rs 57,340.</p>
<p><img decoding=”async” class=”alignnone wp-image-426147″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-price-of-gold-has-dropped-in-india-today-on-february-21-get-the-24-carat-rate-.jpg” alt=”theindiaprint.com the price of gold has dropped in india today on february 21 get the 24 carat rate” width=”993″ height=”662″ title=”The price of gold has dropped in India today. On February 21, get the 24-carat rate in your city 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-price-of-gold-has-dropped-in-india-today-on-february-21-get-the-24-carat-rate-.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-price-of-gold-has-dropped-in-india-today-on-february-21-get-the-24-carat-rate–150×100.jpg 150w” sizes=”(max-width: 993px) 100vw, 993px” /></p>
<p>Simultaneously, the silver market exhibited a persistent downward trajectory, plummeting to Rs 75,400 per kilogram.</p>
<p><strong>Present Gold Valuation in India: Retail Gold Pricing on February 21</strong></p>
<p><strong>Current Gold Rates in Mumbai</strong></p>
<p>In the present scenario in Mumbai, the valuation for 10 grams of 22-carat gold is fixed at Rs 57,340, while the equivalent quantity of 24-carat gold commands a value of Rs 62,550.</p>
<p><strong>Current Gold Rates in Delhi</strong></p>
<p>In Delhi, individuals are obliged to allocate Rs 57,490 for 10 grams of 22-carat gold and Rs 62,700 for an equivalent quantity of 24-carat gold.</p>
<p><strong>Current Gold Rates in Chennai</strong></p>
<p>In Chennai, the cost for 10 grams of 22-carat gold is Rs 57,840, and for the same quantity of 24-carat gold, it amounts to Rs 63,100. Check current gold rates in diverse cities on February 21, 2024; (In Rs/10 grams)</p>
<p><strong>CITY 22-CARAT GOLD PRICE 24-CARAT GOLD PRICE</strong></p>
<p>Ahmedabad 57,390 62,600</p>
<p>Kolkata 57,340 62,550</p>
<p>Gurugram 57,490 62,700</p>
<p>Lucknow 57,490 62,700</p>
<p>Bengaluru 57,340 62,550</p>
<p>Jaipur 57,490 62,700</p>
<p>Patna 57,390 62,600</p>
<p>Bhubaneshwar 57,340 62,550</p>
<p>Hyderabad 57,340 62,550</p>
<p><strong>Multi Commodity Exchange</strong></p>
<p>On February 21, 2024, the futures for gold expiring on April 05 were actively traded at Rs 62,210 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date were quoted at Rs 71,424.</p>
<p><strong>Retail Price of Gold</strong></p>
<p>The retail price of gold in the country is the sum customers remit for it. This cost is influenced by various factors, encompassing the global gold price, the value of the Rupee, and the expenses associated with labor and materials utilized in the crafting of gold jewelry.</p>
<p>Gold holds immense importance in India due to its cultural significance, its allure as an investment, and its traditional role in weddings and festivities.</p>
<p><strong>Outlook for 2024: Projected Gold Price of Rs 70,000 Per 10 Grams</strong></p>
<p>As per the pronouncement from the All India Gem and Jewellery Domestic Council (GJC), prevailing global economic uncertainties and geopolitical tensions are anticipated to propel gold prices to a historic zenith of Rs 70,000 per 10 grams in the forthcoming year. This trajectory underscores gold’s stature as a reliable investment and a valuable safeguard against inflation.</p>