Today’s gold price in India: As of February 8, 2024, gold prices in various cities in India have seen different changes. The price of 10 grams has always hovered around Rs 63,000.For a more comprehensive understanding, the average price of 10 grams 24 karat gold was recorded as Rs 63,230 while the corresponding figure was 22 carat gold It is Rs 58,000.
Meanwhile, the silver market showed a steady upward trend and reached Rs 74,500 per kg.
Today’s gold price in India: Retail gold price on February 8
Today’s gold price in Mumbai
In Mumbai, 10 grams of 22-karat gold is currently priced at Rs 58,000, while the same amount of 24-karat gold is priced at Rs 63,230.
Today gold price in delhi
In Delhi, one has to spend Rs 58,000 to buy 10 grams of 22-karat gold and Rs 63,330 for the same amount of 24-karat gold.
Today gold price in chennai
In Chennai, the price of 10 grams of 22-karat gold is Rs 58,400 and the same amount of 24-karat gold is Rs 63,720.
Check the gold price in various cities today, February 8, 2024; (in rupees/10 grams)
| City | 22 carat gold price | 24 carat gold price |
| Ahmedabad | 58,050 | 63,280 |
| calcutta | 58,000 | 63,230 |
| Gurugram | 58,150 | 63,330 |
| Lucknow | 58,150 | 63,330 |
| bangalore | 58,000 | 63,230 |
| jaipur | 58,150 | 63,330 |
| Patna | 58,050 | 63,280 |
| bhubaneswar | 58,000 | 63,230 |
| Hyderabad | 58,000 | 63,230 |
multi-commodity exchange
On February 8, 2024, gold futures expiring on April 5 were actively traded on the Multi Commodity Exchange at Rs 62,439. Additionally, silver futures with expiration date of March 5, 2024, were quoted at Rs 70,247.
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.
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