Gold Rate Today (19 February 2024), Gold Prices in India 22 & 24 Carat

n today’s ever-changing financial landscape, keeping track of Gold Rate Today (19 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.

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Gold Rate Today (19 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 5,745 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,267▲ per gram.

Gold Rate Today (19 February 2024) in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,745 5,720 25▲
8 Gram 45,960 45,760 200▲
10 Gram 57,450 57,200 250▲
100 Gram 5,74,500 5,72,000 2,500▲

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Gold Rate Today (19 February 2024) in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,267 6,240 27▲
8 Gram 50,136 49,920 216▲
10 Gram 62,670 62,400 270▲
100 Gram 6,26,700 6,24,000 2,700▲

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Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,700 4,680 20▲
8 Gram 37,600 37,440 160▲
10 Gram 47,000 46,800 200▲
100 Gram 4,70,000 4,68,000 2,000▲

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 57,450 62,670
Chennai 58,000 63,270
Delhi 57,600 62,820
Bangalore 57,450 62,670
Kolkata 57,450 62,670
Jaipur 57,600 62,820
Pune 57,450 62,670
Hyderabad 57,450 62,670
Kerala 57,450 62,670
Ahmedabad 57,500 62,720
Lucknow 57,600 62,820
Patna 57,500 62,720
Nagpur 57,450 62,670
Chandigarh 57,600 62,820
Mysore 57,450 62,820
Gurgaon 57,600 62,820
Noida 57,600 62,820
Rajkot 57,500 62,720
Ludhiana 57,600 62,820
Goa 57,450 62,820

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

Date22 K Gold24 k gold
Feb 19, 2024 57,450 (250▲) 62,670 (270▲)
Feb 18, 2024 57,200 ( ~ ) 62,400 ( ~ )
Feb 17, 2024 57,200 (100▲) 62,400 (400▲)
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▼)

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

Country22 K Today24 K Today
Kuwait 52,148 55,112
Bahrain 52,162 55,244
Oman 53,021 55,607
Qatar 53,017 56,316
Singapore 52,196 57,626
United States 51,448 53,937
Dubai 51,167 55,233
Muscat 52,266 54,367
Abu Dhabi 51,167 55,233

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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 5,760 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,282 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,760 5,735 25▲
8 Gram 46,080 45,880 200▲
10 Gram 57,600 57,350 250▲
100 Gram 5,76,000 5,73,500 2,500▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,282 6,255 27▲
8 Gram 50,256 50,040 216▲
10 Gram 62,820 62,550 270▲
100 Gram 6,28,200 6,25,500 2,700▲

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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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