Gold Rate Today 7 February 2024, Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today 7 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 7 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 5,800 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,323▲ per gram.

Gold Rate Today 7 February 2024 in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,800 5,775 25▲
8 Gram 46,400 46,200 200▲
10 Gram 58,000 57,750 250▲
100 Gram 5,80,000 5,77,500 2,500▲

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

Gold Rate Today 7 February 2024 in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,323 6,300 23▲
8 Gram 50,584 50,400 184▲
10 Gram 63,230 63,000 230▲
100 Gram 6,32,300 6,30,000 2,300▲

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 4,745 4,725 20▲
8 Gram 37,960 37,800 160▲
10 Gram 47,450 47,250 200▲
100 Gram 4,74,500 4,72,500 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 58,000 63,230
Chennai 58,500 63,820
Delhi 58,150 63,330
Bangalore 58,000 63,230
Kolkata 58,000 63,230
Jaipur 58,150 63,330
Pune 58,000 63,230
Hyderabad 58,000 63,230
Kerala 58,000 63,230
Ahmedabad 58,050 63,330
Lucknow 58,150 63,330
Patna 58,050 63,330
Nagpur 58,000 63,230
Chandigarh 58,150 63,330
Mysore 58,000 63,230
Gurgaon 58,150 63,330
Noida 58,150 63,330
Rajkot 58,050 63,330
Ludhiana 58,150 63,330
Goa 58,000 63,230

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 07, 2024 58,000 (250▲) 63,230 (230▲)
Feb 06, 2024 57,750 (200▼) 63,000 (220▼)
Feb 05, 2024 57,950 (150▼) 63,220 (160▼)
Feb 04, 2024 58,100 ( ~ ) 63,380 ( ~ )
Feb 03, 2024 58,100 (220▼) 63,380 (220▼)
Feb 02, 2024 58,300 (150▲) 63,600 (160▲)
Feb 01, 2024 58,150 (150▲) 63,440 (170▲)
Jan 31, 2024 58,000 ( ~ ) 63,270 ( ~ )
Jan 30, 2024 58,000 (200▲) 63,270 (220▲)
Jan 29, 2024 57,800 (100▲) 63,050 (100▲)

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 50,139 55,530
Bahrain 52,386 55,468
Oman 53,450 56,036
Qatar 53,251 56,550
Singapore 52,449 58,256
United States 51,864 54,768
Dubai 51,567 55,690
Muscat 52,256 54,635
Abu Dhabi 51,567 55,690

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 5,815 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,333▲ per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,815 5,790 25▲
8 Gram 46,520 46,320 200▲
10 Gram 58,150 57,900 250▲
100 Gram 5,81,500 5,79,000 2,500▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,333 6,315 18▲
8 Gram 50,664 50,520 144▲
10 Gram 63,330 63,150 180▲
100 Gram 6,33,300 6,31,500 1,800▲

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.