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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.
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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.
first published: March 12, 2024, 09:22 IST
Precious metals showed mixed trends in the Indian markets today. Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver prices have recorded a hike on Tuesday, March 12.
Gold futures, maturing on April 5, 2024, stood at Rs 66,011 per 10 grams, after recording a marginal dip of Rs 24 or 0.04 per cent. The previous close was recorded at Rs 66,035.
Meanwhile, silver futures, due on May 3, 2024, witnessed a hike of Rs 11 or 0.01 per cent and were retailing at Rs 74,525 per kg on the MCX against the previous close of Rs 74,514.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 60,890 | Rs 75,500 |
| MUMBAI | Rs 50,740 | Rs 75,500 |
| KOLKATA | Rs 60,740 | Rs 75,500 |
| CHENNAI | Rs 61,490 | Rs 78,900 |
The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.
GOLD, SILVER PRICES IN INTERNATIONAL MARKET
Gold prices were steady on Tuesday, as traders refrained from taking new positions after bullion’s record run ahead of U.S. consumer prices data that could offer clues on the Federal Reserve’s monetary policy trajectory, news agency Reuters reported.
According to the latest metal report, spot gold was flat at $2,182.48 per ounce by 0157 GMT, while, U.S. gold futures was flat at at $2,188.70.
Among other precious metals, spot silver was up by 0.3 per cent to $24.49 per ounce.
Gold traders and investors are acutely aware of the dynamic impact that tomorrow’s CPI report will have on multiple financial sectors, including gold prices. Gold futures basis, the most active April contract traded to a higher low, and a lower high than Friday. Although gold is trading fractionally higher than Friday’s close, today’s trading range and the open and closing prices have formed a Japanese candlestick called a “doji” which means “the same thing” in Japanese.
A doji (dо̄ji) is the name given to a trading session (on a daily chart) in which the opening and closing levels are virtually equal. This is represented by a candlestick on a chart that looks like a plus sign, although it can contain longer or shorter wicks to either side or both. Based on this shape, market technicians make assumptions about price behavior. A doji generally signals either a trend reversal indication for analysts, but it can also signal indecision (consolidation) about future prices.
The key takeaway from this kind of Japanese candlestick is that neither the bullish nor bearish faction was able to gain control, which would create a green candlestick (when the close is above the opening price), or a red candle (when the session’s closing price falls below its opening price). The larger the candlestick, the more the controlling faction was able to move pricing in their desired direction, that’s why little to no body size indicate neither side was successful.
The chart above is a daily chart of gold futures. Today April gold opened at $2187.60, and as of 5:23 PM ET is currently fixed at $2188.60 which means that the price differential between the opening price and the current fixed price is only one dollar. To the Japanese trader, the open, and closing relationship is a much more important factor than the Western trader assumes. To the Western trader, the most important relationship is between the closing price of the prior session and the current closing price, which is why gold is noted as trading up $3.10, because it is comparing the current close to Friday’s close.
This is the first time that gold has not traded to a higher high in the prior seven trading sessions. It indicates that neither the bullish nor bearish faction controlled the outcome of today’s trading session, and suggests that gold prices may either pivot or consolidate. The direction will largely be dependent on the outcome of tomorrow’s CPI report.

The dollar traded fractionally higher today, up +0.16% taking the dollar index to 102.85. The chart above is a daily Japanese candlestick chart of the dollar index, it shows that Friday’s trading range created a “doji” candlestick which had its wick fall below the 50% retracement which occurs at 102.59. However, the real body (the rectangle drawn between the open and closing price) was small when compared to the upper and lower wicks. Also, the last three days created a candlestick pattern called a “Three River Morning Star”.
The fact that the dollar formed a “doji” on Friday and that today’s session in gold created a “doji” candlestick could potentially signal a pivot in both gold and the dollar. If so, this would predict that the dollar index could move higher, and gold prices could move lower.
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Wishing you as always good trading,
Gary S. Wagner
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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Gold Rate in Qatar Today – 12 March 2024
Gold rate in Qatar recorded a QAR 2,781.34 24k per tola on 12 March 2024. These rates are given in 1 tola, 1 gram, and 10-gramme increments in Qatari Riyal. Every day, the local gold and bullion markets in the Qatar provide live rates.
Live international today gold rate in QAR and its converted price of gold Qatari Riyal facilitates to the Qatari gold souk, gold investors, and individuals for fresh updates.
| Gold 24K per Ounce | QAR 7,416.27 | $2,036.51 |
| Gold 24K per 10 Grams | QAR 2,384.34 | $654.74 |
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Accurate at the point of publication.
The price of gold today, as of 9:08am, was £1,697.23 per ounce. That’s down 0.05% on yesterday’s closing price of £1,698.02.
Compared to last week, the price of gold is up 3.13%, and it’s up 5.23% from one month ago.
The 52-week gold price high is £1,686.70, while the 52-week gold price low is £1,581.70
Many investors consider gold to be the ultimate safe-haven asset, relying on the theory that when the prices of shares, bonds and property drop sharply, gold may hold its value – and its price can even increase as nervous investors rush in to buy.
Investing in gold is also a way to add diversification to your investment portfolio. When you hold a diversified mix of different assets, including gold, varying returns can protect the value of your investments.
There are several ways to invest in gold. Each has pros and cons…
One option is to buy gold in physical form:
Alternatively, investors can invest in gold indirectly:
You should consider investing in gold if you’re looking to hedge against risk or diversify your portfolio. Gold would probably not be your first choice to earn long-term capital growth.
Over the past five years, the price of gold has appreciated approximately 36% while the total return of the S&P 500 has been 60%.
Gold prices can be extremely volatile, and that means that gold isn’t an entirely stable investment. In fact, you can easily craft a well-diversified investment portfolio entirely without gold.
It should also be noted that gold in its physical form, unlike other investments, does not produce an income or yield.
If you buy physical gold, you also need to consider where you are going to keep it, and whether there will be costs associated with secure storage.
Studies have found that gold may be an effective way to defend your wealth against inflation, but only over extremely long periods of time, measured in decades or even centuries.
Over shorter time periods, the inflation-adjusted price of gold fluctuates dramatically, typically making it a poor near-term hedge for inflation.
Inflation reduces the ‘real’ value of a currency over time. Or, put another way, £50 today buys you less than it did 10 years ago. However, gold can provide a way of protecting the ‘real’ value of your wealth against inflation.
During a period of high inflation, as is currently the case in the UK and US, investors may revert to buying gold as a real physical asset that holds its value.
Periods of high inflation often correspond with a rise in interest rates and general economic uncertainty. As a result, gold is seen to some as a safe haven and, in theory, increased demand results in a rise in price.
Over the last 20 years, annual inflation has averaged 3% in the UK, according to the Office for National Statistics. Over the same period, the price of gold has increased by an average of 9% per year (according to the World Gold Council). Whereas the average base rate (a proxy for the interest rate on savings) was 3% over this period, according to the Bank of England.
Adjusting for the inflation rate of 3%, the ‘real’ value of gold has therefore increased by an average of 6% per year. In comparison, savers would have experienced no ‘real’ increase in the value of cash held in savings accounts due to the impact of inflation.
Gold may offer investors a safe haven in times of economic and geopolitical volatility. It may also provide a way of preserving wealth in a high inflation environment. As with shares, the price of gold is volatile. However it has delivered an increase in value over the last 30 years.
Investors should also consider the effect of foreign currency movements when deciding whether to buy gold. Gold is typically denominated in US dollars and, as a result, tends to have an inverse relationship with the US dollar. This means that, if the US dollar strengthens against other currencies, the price of gold can fall.
Looking over the last year, the price of gold in US dollars has decreased by 3% as the US dollar has strengthened against other currencies. However, the price of gold in sterling has increased by 10% due to the weakening of the pound against the dollar.
Overall, it is difficult to assess whether it’s a good time to buy gold as its price is dependent on a number of factors. Although a continuation in the current level of economic and political uncertainty may provide a tailwind for gold prices, investors should also be aware of the volatility of this asset.
Gold is a limited commodity with a relatively static supply, meaning that the price of gold is highly sensitive to changes in demand. A fall in demand will therefore result in a drop in the value of gold.
By way of example, the price of gold fell by over 25% from 2011 to 2013. It also fell from over $2,000 per Troy ounce in mid-2020 to less than $1,700 in early 2021, a fall of 17%.
The price of gold is determined by the level of supply and demand. The daily price is set by the London Bullion Market Association (LBMA) and there are two different types of gold prices:
Digital gold (or digigold) is a form of digital currency that allows you to buy fractions of physical gold stored by the seller. Buyers of digital gold will own, and have legal title to, the gold, with the seller acting as custodian.
Digital gold enables buyers to invest by value – say, £25 – rather than by weight (as with a 1 kilogram bar of bullion). Buyers can also invest a lower minimum amount than with the physical asset.
Digital gold also offers a saving in terms of storage and insurance. For example, the Royal Mint charges an annual management fee of 0.5% for its DigiGold products, compared to 1-2% for physical gold.
As buyers own the underlying physical gold, their profit (or loss) will be dependent on the price of gold, as covered in the questions above.
You can buy physical gold in the form of bullion, coins or jewellery, or invest in digital gold:
Investors may also want to consider investing in an indirect form of gold, including:
*The gold price data above is provided by Zyla Labs, which sources asset price data from a wide range of sources. This gold price represents an average of spot gold prices on several leading metals exchanges. Prices are updated every business day.