Gold Rate Today (1 March 2024), Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today (1 March 2024) in India is of utmost importance. Whether you are a seasoned investor, a jeweler, or simply someone interested in the economic trends of the nation, knowing the current gold rates can significantly impact your decisions.

Vaarta bharat will provide you with up-to-date information on gold prices in India, including historical context, factors influencing the prices, and how to make the most of this valuable data.

Introduction

Gold has been a symbol of wealth and prosperity in India for centuries. Its value transcends mere economic considerations, often taking on cultural and emotional significance. Understanding the dynamics of gold prices in India is essential, as it affects not only individual investors but also the broader economy.

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Gold Rate Today (1 March 2024) in India

As of today, the value of Gold is especially important for experts. Following the price of gold is important for those who view it as an investment and who want to check the stability of its value.

Taken from jewellers. Gold prices in India today are Rs 5,790 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,316▲ per gram.

Gold Rate Today (1 March 2024) in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,790 5,759 31▲
8 Gram 46,320 46,072 248▲
10 Gram 57,900 57,590 310▲
100 Gram 5,79,000 5,75,900 3,100▲

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Gold Rate Today (1 March 2024) in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,316 6,283 33▲
8 Gram 50,528 50,264 264▲
10 Gram 63,160 62,830 330▲
100 Gram 6,31,600 6,28,300 3,300▲

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Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,737 4,712 25▲
8 Gram 37,896 37,696 200▲
10 Gram 47,370 47,120 250▲
100 Gram 4,73,700 4,71,200 2,500▲

You should keep in mind that small fluctuations can occur in the value of gold, and this may include market conditions, economic signals, and global events.

Gold Price in Indian Major Cities (10 g):-

City22 K Today24 K Today
Mumbai 57,900 63,160
Chennai 58,400 63,710
Delhi 58,050 63,310
Bangalore 57,900 63,160
Kolkata 57,900 63,160
Jaipur 58,050 63,310
Pune 57,900 63,160
Hyderabad 57,900 63,160
Kerala 57,900 63,160
Ahmedabad 57,400 62,610
Lucknow 58,050 63,310
Patna 57,950 63,210
Nagpur 57,900 63,160
Chandigarh 58,050 63,310
Mysore 57,900 63,160
Gurgaon 58,050 63,310
Noida 58,050 63,310
Rajkot 57,950 63,210
Ludhiana 58,050 63,310
Goa 57,900 63,310

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Gold Price in India Last 10 Days(10 g):-

Date22 K Gold24 k gold
Mar 01, 2024 57,900 (310▲) 63,160 (330▲)
Feb 29, 2024 57,590 ( ~ ) 62,830 ( ~ )
Feb 28, 2024 57,590 (10▼) 62,830 (10▼)
Feb 27, 2024 57,600 ( ~ ) 62,840 ( ~ )
Feb 26, 2024 57,600 (100▼) 62,840 (110▼)
Feb 25, 2024 57,700 ( ~ ) 62,950 ( ~ )
Feb 24, 2024 57,700 (200▲) 62,950 (220▲)
Feb 23, 2024 57,500 ( ~ ) 62,730 ( ~ )
Feb 22, 2024 57,500 (100▼) 62,730 (110▼)
Feb 21, 2024 57,600 (250▲) 62,840 (280▲)

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Gold Price in Major Countries (22 carat & 24 carat)

Country22 K Today24 K Today
Kuwait 52,891 55,852
Bahrain 52,752 55,829
Oman 53,705 56,177
Qatar 53,621 56,916
Singapore 52,699 58,487
United States 51,789 54,690
Dubai 51,719 55,893
Muscat 52,195 54,563
Abu Dhabi 51,719 55,893

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Gold Rate in Delhi 22 & 24 Carat

As of today, the price of gold changes day to day. As per recent date, Gold Rate in Delhi today are Rs 5,805 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,331 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,805 5,774 31▲
8 Gram 46,440 46,192 248▲
10 Gram 58,050 57,740 310▲
100 Gram 5,80,500 5,77,400 3,100▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,331 6,299 32▲
8 Gram 50,648 50,392 256▲
10 Gram 63,310 62,990 320▲
100 Gram 6,33,100 6,29,900 3,200▲

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Global Economic Conditions

The global economic climate plays a pivotal role in determining gold prices. During times of economic uncertainty, investors often flock to gold as a safe-haven asset, driving up its demand and price.

Currency Fluctuations

Gold rate are closely tied to currency fluctuations, particularly the strength of the Indian Rupee against the US Dollar. A weaker Rupee typically leads to higher gold prices.

Geopolitical Events

Political instability, conflicts, and international events can create sudden spikes in gold prices as investors seek refuge from uncertainty.

Demand and Supply Dynamics

The basic principles of supply and demand also apply to gold. Increased demand, especially during festive seasons, can drive prices up.

Central Bank Policies

Decisions made by central banks, such as interest rate changes or monetary easing, can impact gold rates. Lower interest rates often lead to higher gold prices.

How Gold Prices Are Determined in India

In India, gold prices are primarily determined by the bullion markets, where physical gold is bought and sold. These prices are influenced by various factors, including import duties and taxes and the exchange rate between the Rupee and the Dollar.

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To make informed decisions about gold investments, it’s essential to review historical price trends. Over the last decade, gold rates in India have experienced significant fluctuations.

The Role of Gold in Indian Culture

Gold is deeply embedded in Indian culture, from weddings to festivals. It’s not just a form of investment; it’s a symbol of tradition and prosperity.

Investing in Gold: Strategies and Options

Investors have multiple avenues for investing in gold, ranging from physical gold to Gold Exchange-Traded Funds (ETFs). Timing and diversification strategies can maximize returns.

Where to Find Reliable Gold Price Information

Accessing accurate and up-to-date gold price information is crucial. Reliable sources include government websites, financial news portals, and mobile apps.

How to Interpret Gold Price Data

Understanding gold price charts and patterns can help investors make educated predictions about future price movements.

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The Impact of Gold Prices on Other Assets

Gold rates can have a ripple effect on other asset classes, including stocks, real estate, and even cryptocurrencies.

Buying and Selling Gold in India

Navigating the Indian gold market involves various options, from traditional jewelry stores to online platforms. Each has its pros and cons.

Safety and Security Concerns

Storing physical gold safely and being aware of potential scams is paramount when dealing with this precious metal.

Taxation on Gold Transactions

Investors need to be aware of taxation rules, including capital gains tax and GST on making charges, when buying or selling gold.

Gold Price Predictions for the Near Future

Expert opinions and market sentiments often provide valuable insights into where gold prices might be headed.

Understanding gold price today in India is not just a financial endeavor but a cultural and economic one. Armed with knowledge, individuals and businesses can make informed decisions, ensuring that gold remains a valuable part of their portfolios.

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