Gold rate today in India on March 2, 2024: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Representative image)
Gold Rate Today In India: Gold prices in India underwent fluctuations on March 2, 2024. Despite this, the fundamental price for 10 grams remained fairly steady, hovering around Rs 64,000. A detailed analysis shows that the average price for 10 grams of 24-carat gold stood at roughly Rs 64,090, whereas 22-carat gold averaged Rs 58,750.
At the same time, the silver market displayed a consistent upward trend, reaching Rs 75,000 per kilogram.
Gold rate today in India: Retail gold price on March 2
Gold Rate Today In Delhi
As of today, March 2, 2024, in Delhi, you would need approximately Rs 58,900 to purchase 10 grams of 22-carat gold and Rs 64,240 for the same amount of 24-carat gold.
Gold Rate Today In Mumbai 22 Carat & 24 Carat
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 58,750, while the equivalent amount of 24-carat gold is valued at Rs 64,090.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 58,800, and for the same amount of 24-carat gold, it’s Rs 64,140.
Check gold rates today in different cities on March 2, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 59,400 | 63,720 |
| 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 |
| Bhubaneshwar | 58,750 | 64,090 |
| Hyderabad | 58,750 | 64,090 |
Multi Commodity Exchange
On March 1, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 63,600 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 72,272 on the MCX.
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
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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