Gold rate today in India on February 18, 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: On February 18, there were fall in retail gold prices across various cities in spot market
Gold Rate Today In India: As of February 18, 2024, gold prices remained unchanged in India. The average rate for 10 grams remained around Rs 62,400. To provide a broader perspective, the average price of 10 grams of 24-carat gold was approximately Rs 62,400, while the corresponding amount for 22-carat gold stood at Rs 57,200.
At the same time, the silver market also showed status quo, reaching Rs 76,500 per kilogram.
Gold rate today in India: Retail gold price on February 18
Gold Rate Today In Delhi
In Delhi, people have to spend Rs 57,350 for 10 grams of 22-carat gold and Rs 62,550 for the same amount of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of 22-carat gold is currently priced at Rs 57,200, whereas the same amount of 24-carat gold is valued at Rs 62,400.
Gold Rate Today In Chennai
In Chennai, the price for 10 grams of 22-carat gold is Rs 57,800, and for the same amount of 24-carat gold, it’s Rs 63,050.
Check gold rates today in different cities on February 18, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,250 | 62,450 |
| Kolkata | 57,200 | 62,400 |
| Gurugram | 57,350 | 62,550 |
| Lucknow | 57,350 | 62,550 |
| Bengaluru | 57,200 | 62,400 |
| Jaipur | 57,350 | 62,550 |
| Patna | 57,250 | 62,450 |
| Bhubaneshwar | 57,200 | 62,400 |
| Hyderabad | 57,200 | 62,400 |
The Multi Commodity Exchange is closed on Sunday, February 18.
The retail cost of gold in the country is the amount customers pay for it. This price is influenced by various factors, including the global gold price, the value of the Rupee, and the costs associated with labour and materials used in the production of gold jewellery.
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.
