Gold Rate Today (9 March 2024), Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today (9 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 (9 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 6,075▲ per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,627▲ per gram.

Gold Rate Today (9 March 2024) in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 6,075 6,025 50▲
8 Gram 48,600 48,200 400▲
10 Gram 60,750 60,250 500▲
100 Gram 6,07,500 6,02,500 5,000▲

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Gold Rate Today (9 March 2024) in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,627 6,573 54▲
8 Gram 53,016 52,854 432▲
10 Gram 66,270 65,730 540▲
100 Gram 6,62,700 6,57,300 5,400▲

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Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,970 4,929 41▲
8 Gram 39,760 39,432 328▲
10 Gram 49,700 49,290 410▲
100 Gram 4,97,000 4,92,900 4,100▲

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 60,750 66,270
Chennai 61,500 67,100
Delhi 60,900 66,420
Bangalore 60,750 66,270
Kolkata 60,750 66,270
Jaipur 60,900 66,420
Pune 60,750 66,270
Hyderabad 60,750 66,270
Kerala 60,750 66,270
Ahmedabad 60,800 66,320
Lucknow 60,900 66,420
Patna 60,800 66,320
Nagpur 60,750 66,270
Chandigarh 60,900 66,420
Mysore 60,750 66,270
Gurgaon 60,900 66,420
Noida 60,900 66,420
Rajkot 60,800 66,320
Ludhiana 60,900 66,420
Goa 60,750 66,270

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

Date22 K Gold24 k gold
Mar 09, 2024 60,750 (500▲) 66,270 (540▲)
Mar 08, 2024 60,250 (150▲) 65,730 (170▲)
Mar 07, 2024 60,100 (400▲) 65,560 (430▲)
Mar 06, 2024 59,700 (250▲) 65,130 (280▲)
Mar 05, 2024 59,450 (700▲) 64,850 (760▲)
Mar 04, 2024 58,750 ( ~ ) 64,090 ( ~ )
Mar 03, 2024 58,750 ( ~ ) 64,090 ( ~ )
Mar 02, 2024 58,750 (850▲) 64,090 (930▲)
Mar 01, 2024 57,900 (310▲) 63,160 (330▲)

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

Country22 K Today24 K Today
Kuwait 55,514 58,613
Bahrain 55,752 59,264
Oman 56,858 59,760
Qatar 56,611 60,241
Singapore 56,188 62,031
United States 55,029 57,925
Dubai 55,086 59,479
Muscat 52,129 54,493
Abu Dhabi 55,086 59,479

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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 6,090 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,642 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 6,090 6,040 50▲
8 Gram 48,720 48,320 400▲
10 Gram 60,900 60,400 500▲
100 Gram 6,09,000 6,04,000 5,000▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,642 6,588 54▲
8 Gram 53,136 52,704 432▲
10 Gram 66,420 65,880 540▲
100 Gram 6,64,200 6,58,800 5,400▲

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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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