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India’s Gold Rate Drops Today: Find Out the Price of 24 Carats in Your City on February 8

<p><strong>Gold Price Update in India:</strong> As of February 08, 2024, there were notable fluctuations in the price of gold observed across various Indian cities. The consistent cost for 10 grams remained in the vicinity of Rs 63,000. For a more comprehensive insight, the mean cost of 10 grams of 24-carat gold was recorded at Rs 63,230, whereas the corresponding figure for 22-carat gold stood at Rs 58,000.</p>
<p><img decoding=”async” class=”alignnone wp-image-391548″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-rate-drops-today-find-out-the-price-of-24-carats-in-your-city-on-febru.jpg” alt=”theindiaprint.com indias gold rate drops today find out the price of 24 carats in your city on febru” width=”1002″ height=”668″ title=”India's Gold Rate Drops Today: Find Out the Price of 24 Carats in Your City on February 8 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-rate-drops-today-find-out-the-price-of-24-carats-in-your-city-on-febru.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-rate-drops-today-find-out-the-price-of-24-carats-in-your-city-on-febru-150×100.jpg 150w” sizes=”(max-width: 1002px) 100vw, 1002px” /></p>
<p>Meanwhile, the silver market exhibited a steadfast upward trajectory, reaching Rs 74,500 per kilogram.</p>
<p>Present Gold Rates in India: Retail gold prices on February 08</p>
<p><strong>Current Gold Prices In Mumbai</strong></p>
<p>In Mumbai, 10 grams of 22-carat gold are presently valued at Rs 58,000, whereas the equivalent amount of 24-carat gold commands a price of Rs 63,230.</p>
<p><strong>Current Gold Rates In Delhi</strong></p>
<p>In Delhi, individuals need to expend Rs 58,000 for 10 grams of 22-carat gold and Rs 63,330 for the same quantity of 24-carat gold.</p>
<p><strong>Current Gold Prices In Chennai</strong></p>
<p>In Chennai, the cost for 10 grams of 22-carat gold is Rs 58,400, while for the same amount of 24-carat gold, it amounts to Rs 63,720.</p>
<p>Examine the contemporary gold rates in different cities on February 08, 2024; (In Rs/10 grams)</p>
<p><strong>CITY 22-CARAT GOLD PRICE 24-CARAT GOLD PRICE</strong></p>
<p>Ahmedabad 58,050- 63,280</p>
<p>Kolkata 58,000- 63,230</p>
<p>Gurugram 58,150- 63,330</p>
<p>Lucknow 58,150- 63,330</p>
<p>Bengaluru 58,000- 63,230</p>
<p>Jaipur 58,150- 63,330</p>
<p>Patna 58,050- 63,280</p>
<p>Bhubaneshwar 58,000- 63,230</p>
<p>Hyderabad 58,000- 63,230</p>
<p><strong>Multi Commodity Exchange</strong></p>
<p>On February 08, 2024, the futures for gold, set to expire on April 05, were actively traded at Rs 62,439 on the Multi Commodity Exchange. Additionally, silver futures with a March 05, 2024, expiration date were quoted at Rs 70,247.</p>
<p>The retail price of gold in the nation represents the amount consumers pay for it. This valuation is influenced by diverse factors, encompassing the global gold price, the value of the Rupee, and the expenses linked to labor and materials employed in the fabrication of gold jewelry.</p>
<p>Gold holds significant prominence in India due to its cultural importance, its appeal as an investment, and its traditional role in weddings and festivals.</p>
<p><strong>Outlook for 2024: Anticipated Gold Price of Rs 70,000 Per 10 Grams</strong></p>
<p>The All India Gem and Jewellery Domestic Council (GJC), they have recently indicated that prevailing global economic uncertainties and geopolitical tensions are poised to propel gold prices to a historic high of Rs 70,000 per 10 grams in the approaching year. This trajectory underscores gold’s position as a reliable investment and a valuable safeguard against inflation.</p>

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