On Wednesday, January 24, 2024, the prices of silver and gold on the Multi Commodity Exchange (MCX) decreased.
On the MCX, gold futures maturing on February 5, 2024, were trading at Rs 61,960 per 10 kilos after slightly declining by Rs 8 or 0.01 percent. At Rs 61,968, the previous closure was noted. Gold futures with a February 5 expiration date were trading for Rs 61,960 on the Multi Commodity Exchange as of January 24, 2024. Furthermore, March 5, 2024, expiration date silver futures were trading at Rs 70,901.
Gold prices in India saw a little decrease as the yellow metal’s price crept lower on the international scene due to positive US economic statistics that dashed expectations of an early Federal Reserve interest rate cut. As of the time this article was written, 10 grams of 24-carat gold cost Rs 63,000 in India. The nation’s prices for the same amount of 22-carat and 18-carat gold are Rs 57,750 and Rs 47,250, respectively.
At 1:56 PM IST today, gold futures with a February 5, 2024 maturity date of 62084 were up 0.19% on the Multi Commodity Exchange (MCX). Wednesday saw a slight decline in the price of precious metals globally as investors anticipated this week’s plethora of economic news. As of 05:37 GMT, spot gold was down 0.3% to $2,023.69 per ounce, while US gold futures were down 0.1% to $2,024.50.
The gold and diamond industry anticipates that the government would prioritize making India a global hub for jewelry in the upcoming Interim budget 2024. India is the second-largest consumer of gold jewelry worldwide, according to a World Gold Council report, and the interim budget with a smart push can boost the sector.
Gold Rates For 10 Gram In India Today
|
City |
Standard Gold Rate (22K) | Pure Gold Rate (24K) |
| Ahmedabad | Rs 57,800 | Rs 63,050 |
| Bangalore | Rs 57,750 | Rs 63,000 |
| Chennai | Rs 58,350 | Rs 63,650 |
| Delhi | Rs 57,900 | Rs 63,150 |
| Hyderabad | Rs 57,750 | Rs 63,000 |
| Kolkata | Rs 57,750 | Rs 63,000 |
| Mumbai | Rs 63,000 | Rs 57,750 |
About The Relevance Of Gold In India
Because of its cultural significance, investment potential, and customary use in festivals and weddings, gold holds great significance in India. The value of the Rupee, the cost of labor and materials needed in the creation of gold jewellery, and the price of gold globally all have an impact on this price.
