Gold Price Falls In India: Check 22 Carat Rate In Your City On April 24.
Gold prices in India fell for the second day, driven by trader profit-taking and weak global trends. Silver prices also dropped.
Today's gold rate in India witnessed a consecutive decline, with prices dropping by Rs 1,450 to reach Rs 72,200 per 10 grams in Delhi's local market. This downturn was attributed to traders capitalizing on profits and subdued global market trends. Concurrently, silver prices also experienced a significant decrease, plummeting by Rs 2,300 per kilogram.
On April 24, the gold rate remained steady at around Rs 73,000 for 10 grams. Pure gold (24-carat) was trading at Rs 72,150 per 10 grams, while 22-carat gold was valued at approximately Rs 66,140. Similarly, silver prices saw a downward trend, reaching Rs 82,900 per kilogram.
In Mumbai, the current price for 10 grams of 22-carat gold is Rs 66,140, and for 24-carat gold, it stands at Rs 72,150.
As of April 24, 2024, in Delhi, the price for 10 grams of 22-carat gold is approximately Rs 66,290, while 24-carat gold is priced at roughly Rs 72,300.
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 66,190, and for 24-carat gold, it’s Rs 72,200. On April 24, 2024, active trading was observed in gold futures contracts on the MCX, with contracts expiring on June 5, 2024, priced at Rs 71,070 per 10 grams. Silver futures contracts expiring on May 3, 2024, were quoted at Rs 80,998 on the MCX. Market participants closely monitored these developments amidst ongoing market fluctuations. Stay updated for further developments in this evolving scenario.
The retail gold price in India reflects the final cost per unit weight paid by consumers when purchasing gold and is influenced by various factors beyond the metal's inherent value. Given its cultural significance, investment appeal, and traditional association with weddings and festivals, gold holds great importance in India.
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