![Gold rates in India as of March 18, 2024: India is the largest importer of gold, which mainly caters to the needs of the jewelery industry. (Representative image) Gold rates in India as of March 18, 2024: India is the largest importer of gold, which mainly caters to the needs of the jewelery industry. (Representative image)](https://images.news18.com/ibnlive/uploads/2021/07/1627283897_news18_logo-1200x800.jpg?impolicy=website&width=510&height=383)
Gold rates in India as of March 18, 2024: India is the largest importer of gold, which mainly caters to the needs of the jewelery industry. (Representative image)
Check gold prices in various cities today on 18 Mar 2024. (unit of Rs/10 grams)
Prices for Fri 18 Mar: Gold prices opened at Rs 65,348 per 10 grams on the Merchandise Exchange (MCX) on Monday and hit an intra-day low of Rs 65,236. In international markets, spot gold was little changed at $2,156.69 per ounce as of 0059 GMT. U.S. gold futures fell 0.1% to $2,159.90.
Meanwhile, silver price opened at Rs 75,232 per kg and hit an intra-day low of Rs 75,210 on MCX. In international markets, prices hovered around $24.09 per ounce.
Current Gold Price in India: Retail Gold Price for March 18
The price of 10 grams of 24-carat gold in Mumbai is similar to the price in Kolkata and Hyderabad, which is Rs 66,090.
In Delhi, Bengaluru and Chennai, the price of 10 grams of 24-carat gold reached Rs 66,240, Rs 66,090 and Rs 66,700, respectively.
In Mumbai, the price of 10 grams of 22-carat gold is similar to the price in Kolkata and Hyderabad, which is Rs 60,580.
In Delhi, Bengaluru and Chennai, the price of 10 grams of 22-carat gold was ₹60,730, ₹60,580 and ₹61,140 respectively.
US gold struggled to gain momentum in early Asia on Monday as the dollar remained strong and investors braced for a series of key central bank policy meetings, including from the US Federal Reserve, this week.
Spot gold was little changed at $2,156.69 per ounce as of 0059 GMT. U.S. gold futures fell 0.1% to $2,159.90.
Spot platinum rose 0.2% to $935.15 per ounce, palladium rose 0.2% to $1,080.02, and silver remained at $25.18.
The price of one kg of silver in Delhi, Mumbai and Kolkata was Rs 77,200. A kg of silver in Chennai was traded at Rs 80,200.
Check gold prices in various cities today on 18 Mar 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
chennai | 61,500 | 67,100 |
Kolkata | 60,750 | 66,270 |
Gurugram | 60,900 | 66,420 |
Lucknow | 60,900 | 66,420 |
bengaluru | 60,750 | 66,270 |
Jaipur | 60,900 | 66,420 |
Patna | 60,800 | 66,320 |
Bhubaneswar | 60,750 | 66,270 |
Hyderabad | 60,750 | 66,270 |
retail cost of gold
The retail price of gold in India, also commonly called the gold rate, is the final cost per unit weight that a customer pays when purchasing gold. This price is influenced by many factors beyond the intrinsic value of the metal itself.
Gold is very important in India because of its cultural significance, investment value, and traditional role in weddings and festivals.
eyesight
Gold struggled to gain momentum in early Asia on Monday as the dollar strengthened and investors braced for a series of major central bank policy meetings, including the U.S. Federal Reserve's, this week.