Curated By: Namit Singh Sengar
News18.com
Last Updated: March 20, 2024, 09:30 IST
New Delhi, India
Gold rate today in India on March 20, 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: On March 20, 2024, gold rates in India experienced fluctuations. However, the fundamental price for 10 grams stayed close to Rs 65,000. A detailed price analysis revealed that the average cost for 10 grams of 24-carat gold was approximately Rs 66,340, while 22-carat gold averaged around Rs 60,810.
At the same time, the silver market displayed an upward trend, reaching Rs 77,400 per kilogram.
Gold rate today in India: Retail gold price on March 20
Gold Rate Today In Delhi
As of March 20, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 60,960, whereas 10 grams of 24-carat gold is priced at around Rs 66,490.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 60,810, while the equivalent amount of 24-carat gold is valued at Rs 66,340.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 60,860, and for the same amount of 24-carat gold, it’s Rs 66,390.
Check gold rates today in different cities on March 20, 2024; (In Rs/10 grams)
Multi Commodity Exchange
On March 20, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 65,684 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 75,330 on the MCX.
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.
