Gold Rate Today (16 February 2024), Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today (16 February 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.

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today (16 February 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 5,710 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,229▲ per gram.

Gold Rate Today (16 February 2024) in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,710 5,690 20▲
8 Gram 45,680 45,520 160▲
10 Gram 57,100 56,900 200▲
100 Gram 5,71,000 5,69,000 2,000▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today (16 February 2024) in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,229 6,207 22▲
8 Gram 49,832 49,659 176▲
10 Gram 62,290 62,070 220▲
100 Gram 6,22,900 6,20,700 2,200▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,672 4,655 17▲
8 Gram 37,376 37,240 136▲
10 Gram 46,720 46,550 170▲
100 Gram 4,67,500 4,65,500 1,700▲

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 57,100 62,290
Chennai 57,600 62,840
Delhi 57,250 62,440
Bangalore 57,100 62,290
Kolkata 57,100 62,290
Jaipur 57,250 62,440
Pune 57,100 62,290
Hyderabad 57,100 62,290
Kerala 57,100 62,290
Ahmedabad 57,150 62,340
Lucknow 57,250 62,440
Patna 57,150 62,340
Nagpur 57,100 62,290
Chandigarh 57,250 62,440
Mysore 57,100 62,290
Gurgaon 57,250 62,440
Noida 57,250 62,440
Rajkot 57,150 62,340
Ludhiana 57,250 62,440
Goa 57,100 62,290

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

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

Date22 K Gold24 k gold
Feb 16, 2024 57,100 (200▲) 62,290 (220▲)
Feb 15, 2024 56,900 (100▼) 62,070 (110▼)
Feb 14, 2024 57,000 (600▼) 62,180 (660▼)
Feb 13, 2024 57,600 (100▼) 62,840 (110▼)
Feb 12, 2024 57,700 ( ~ ) 62,950 ( ~ )
Feb 11, 2024 57,700 ( ~ ) 62,950 ( ~ )
Feb 10, 2024 57,700 (200▼) 62,950 (210▼)
Feb 09, 2024 57,900 (100▼) 63,160 (70▼)
Feb 08, 2024 58,000 ( ~ ) 63,230 ( ~ )
Feb 07, 2024 58,000 (250▲) 63,230 (230▲)

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

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

Country22 K Today24 K Today
Kuwait 51,886 54,851
Bahrain 51,750 54,833
Oman 52,506 54,986
Qatar 52,740 56,043
Singapore 51,522 57,192
United States 50,641 53,546
Dubai 50,576 54,588
Muscat 52,291 54,663
Abu Dhabi 50,576 54,588

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate in Delhi 22 & 24 Carat

As of today, the price of gold changes day to day. As per recent date, gold prices in Delhi today are Rs 5,725 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,244 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,725 5,705 20▲
8 Gram 45,800 45,640 160▲
10 Gram 57,250 57,050 200▲
100 Gram 5,72,500 5,70,500 2,000▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,244 6,222 22▲
8 Gram 49,952 49,766 176▲
10 Gram 62,440 62,220 220▲
100 Gram 6,24,400 6,22,200 2,200▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

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.

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.

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.