![Gold rates in India as of March 3, 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 3, 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=356)
Gold rates in India as of March 3, 2024: India is the largest importer of gold, which mainly caters to the needs of the jewelery industry. (Representative image)
Today's Gold Rate: This refers to the current retail rate, i.e. the amount charged to the customer. Investors monitor this as it influences their purchasing decisions and investment plans.
Gold rates in India today: Gold prices across India remained almost constant on March 3, 2024. The price for 10g is 64,090 won. Taking a closer look, the average price of 10 grams of 24-carat gold was approximately Rs 64,090, while 22-carat gold averaged Rs 58,750.
At the same time, the silver market continued its upward trend reaching Rs 73,600 per kilogram.
Current Gold Price in India: Retail Gold Price on March 3
gold price in delhi today
As of March 3, 2024, to buy 10 grams of 22-carat gold in Delhi, you need about Rs 58,900, and to buy the same amount of 24-carat gold, you need Rs 62,240.
Gold price in mumbai today 22 carat and 24 carat.
Currently, the price of 10 grams of 22 carat gold in Mumbai is ₹58,750 and the price of 24 karat gold is ₹64,090.
Gold price in Ahmedabad today
In Ahmedabad, the price of 10 grams of 22-carat gold is Rs 58,800 and the price of the same amount of 24-carat gold is Rs 64,140.
Check gold prices in various cities today, March 3, 2024. (unit of Rs/10 grams)
city | 22 carat gold price | 24 carat gold price |
chennai | 59,400 | 64,800 |
Kolkata | 58,750 | 64,090 |
Gurugram | 58,900 | 64,240 |
Lucknow | 58,900 | 64,240 |
bengaluru | 58,750 | 64,090 |
Jaipur | 58,900 | 64,240 |
Patna | 58,800 | 64,140 |
Bhubaneswar | 58,750 | 64,090 |
Hyderabad | 58,750 | 64,090 |
The Merchandise Exchange (MCX) was closed on Sunday.
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.
Forecast for 2024: Gold price Rs 70,000 per 10 grams.
According to the All India Gems and Jewelery Council (GJC), they said gold prices are expected to soar to a historic high of Rs 70,000 per 10 grams in the coming year due to prevailing global economic uncertainty and geopolitical tensions. This trajectory highlights gold's status as a reliable investment and valuable hedge against inflation.