Gold prices fall in India: Check 24 karat gold prices in your city on February 12

Today’s gold price in India: As of February 12, 2024, gold prices fluctuated in different cities in India. The average price of 10 grams remained around Rs 63,000.To provide a wider view, the average price of 10g 24 karat gold is approximately Rs 62,950 while the corresponding amount is 22 carat gold Price is Rs 57,700.

Also Read: Sovereign Gold Bond Issue Price Fixed, Opening Today, See Details Here

Meanwhile, the silver market continued its downward trend and fell to Rs 75,500 per kg.

Gold Price in India Today: Retail Gold Price on February 12

Today gold price in delhi

In Delhi, one has to spend Rs 57,850 to buy 10 grams of 22-karat gold and Rs 63,100 for the same amount of 24-karat gold.

Today’s gold price in Mumbai

In Mumbai, 10 grams of 22-karat gold is currently priced at Rs 57,700, while the same amount of 24-karat gold is priced at Rs 62,950.

Today gold price in chennai

In Chennai, the price of 10 grams of 22-karat gold is Rs 58,300 and the same amount of 24-karat gold is Rs 63,600.

Check the gold price in various cities today, February 12, 2024; (in rupees/10 grams)

multi-commodity exchange

On February 12, 2024, gold futures expiring on April 5 were actively traded on the Multi Commodity Exchange at Rs 62,210. Additionally, silver futures with expiration date of March 5, 2024, were quoted at Rs 71,120.

The retail cost of gold in the country is the amount paid by customers. The price is influenced by several factors, including global gold prices, the value of the rupee and the costs associated with labor and materials used in the production of gold jewellery.

Gold is very important in India because of its cultural significance, investment value, and traditional role in weddings and festivals.

Outlook 2024: Gold price at Rs 70,000 per 10 grams

According to the All India Gem and Jewelery Domestic Council (GJC), they recently said that the current global economic uncertainty and geopolitical tensions are expected to drive gold prices to a record high of Rs 70,000 per 10 grams in the coming year. This trajectory highlights gold’s status as a solid investment and valuable inflation hedge.