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Last Updated: March 12, 2024, 09:22 IST
Gold rate today in India on March 12, 2024: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Representative image)
Gold rate today in India: Know latest retail gold price on March 12
Gold Rate in India Today: The price of gold in India today is Rs 60,740 per 10 gram for 22 karat gold. The price of 22-carat gold also dropped Rs 10 with the yellow metal selling at Rs 60,740.
Gold rate today in India: Retail gold price on March 10
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 66,260.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 66,410, Rs 66,260, and Rs 67,090, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 60,740.
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 75,500.
The gold price today in Pune is Rs 6074 per gram for 22 karat gold and Rs 6626 per gram for 24 karat gold.
The gold price today in Surat is Rs 6079 per gram for 22 karat gold and ₹ 6631 per gram for 24 karat gold.
Check gold rates today in different cities on March 12, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 61,500 | 67,100 |
| Kolkata | 60,750 | 66,270 |
| Gurugram | 60,900 | 66,420 |
| Lucknow | 60,900 | 66,420 |
| Bengaluru | 60,750 | 66,270 |
| Jaipur | 60,900 | 66,420 |
| Patna | 60,800 | 66,320 |
| Bhubaneshwar | 60,750 | 66,270 |
| Hyderabad | 60,750 | 66,270 |
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
2024 Outlook
As per the recent statement from the All India Gem and Jewellery Domestic Council (GJC), they anticipate that ongoing global economic uncertainties and geopolitical tensions will drive gold prices to reach a historic peak of Rs 70,000 per 10 grams in the coming year. This projection highlights gold’s role as a reliable investment and a valuable safeguard against inflation.
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