New Delhi: As of February 16, 2024, the morning saw a slight uptick in gold prices across the country. Here’s a quick breakdown:
24 Carat Gold (999 purity): ₹61,684 per 10 grams
22 Carat Gold (916 purity): ₹56,503 per tola (roughly 11.66 grams)
18 Carat Gold (750 purity): ₹46,263 per tola
14 Carat Gold (585 purity): ₹36,085 per tola
While prices are higher than they were a few weeks ago, they are still comfortably below the peak reached in January, offering a potentially lucrative window for buyers.
Silver, gold’s faithful companion, is also holding its own. Today, its price stands at ₹70,936 per 10 grams, presenting an attractive option for those seeking a more affordable precious metal.
City-Wise Gold Price Rundown
Planning to buy gold in a specific city? Here’s a quick peek at prices as of February 16th:
Delhi:
22 Carat: ₹57,250 per 10 grams
24 Carat: ₹62,440 per 10 grams
Mumbai:
22 Carat: ₹57,100 per 10 grams
24 Carat: ₹62,290 per 10 grams
Chennai:
22 Carat: ₹57,600 per 10 grams
24 Carat: ₹62,840 per 10 grams
Kolkata:
22 Carat: ₹57,100 per 10 grams
24 Carat: ₹62,290 per 10 grams
Lucknow:
22 Carat: ₹57,250 per 10 grams
24 Carat: ₹62,440 per 10 grams
Jaipur:
22 Carat: ₹57,250 per 10 grams
24 Carat: ₹62,440 per 10 grams
Patna:
22 Carat: ₹57,150 per 10 grams
24 Carat: ₹62,340 per 10 grams
Planning to buy in a specific city? Here’s a sneak peek at prices as of February 16th:
| City | 22 Carat (₹/10 grams) | 24 Carat (₹/10 grams) |
|---|---|---|
| Delhi | ₹57,250 | ₹62,440 |
| Mumbai | ₹57,100 | ₹62,290 |
| Chennai | ₹57,600 | ₹62,840 |
| Kolkata | ₹57,100 | ₹62,290 |
| Lucknow | ₹57,250 | ₹62,440 |
| Jaipur | ₹57,250 | ₹62,440 |
| Patna | ₹57,150 | ₹62,340 |
Golden Dilemma: Unraveling the Mystery of Gold Prices in India
Gold, the shimmering symbol of wealth and tradition, holds a special place in Indian hearts. But lately, its price fluctuations have left many scratching their heads and wondering – “Should I buy, or wait for the storm to pass?” Don’t worry, gold enthusiasts, we’ve got you covered! This comprehensive guide delves into the current state of gold prices in India, offering insider tips, city-wise breakdowns, and expert insights to help you make an informed decision.
MCX Musings: Understanding the Market Pulse
As of February 16th, 2024, the Multi Commodity Exchange (MCX) paints a mixed picture. Gold futures expiring on April 5th are actively trading at ₹61,624, hinting at stability. However, silver futures expiring on March 5th stand at ₹71,294, reflecting a slight upward trend.
Beyond the MCX: Retail Reality Bites
But the MCX numbers are just one piece of the puzzle. The actual price you pay in stores depends on the global gold price, the Rupee’s value, and production costs like labor and materials. So, even if MCX futures remain stable, local factors can influence the final price tag.
