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India’s gold price is rising today; see the 24 carat price in your city on March 5


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<p>On March 5, 2024, the price of gold in India experienced fluctuations. Nevertheless, the fundamental cost for 10 grams witnessed an increase, maintaining proximity to Rs 65,000. A meticulous examination unveiled that the mean cost for 10 grams of 24-carat gold was approximately Rs 64,850, whereas 22-carat gold averaged around Rs 59,450.</p>
<p><img decoding=”async” class=”alignnone wp-image-474145″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-indias-gold-price-is-rising-today-see-the-24-carat-price-in-your-city-on-march-5-g.jpg” alt=”theindiaprint.com indias gold price is rising today see the 24 carat price in your city on march 5 g” width=”959″ height=”719″ title=”India's gold price is rising today; see the 24 carat price in your city on March 5 3″></p>
<p>Concurrently, the silver market exhibited an ascending trend, achieving Rs 74,700 per kilogram.</p>
<p><strong>Current Gold Rates in India: Retail gold prices on March 5</strong></p>
<p><strong>Gold Rates Today In Delhi</strong></p>
<p>As of March 5, 2024, in Delhi, the prevailing price for 10 grams of 22-carat gold hovers around Rs 59,600, while the equivalent quantity of 24-carat gold is valued at approximately Rs 65,000.</p>
<p><strong>Gold Rates Today In Mumbai</strong></p>
<p>Presently, in Mumbai, the value of 10 grams of 22-carat gold is fixed at Rs 59,450, whereas the corresponding quantity of 24-carat gold is assessed at Rs 64,850.</p>
<p><strong>Gold Rates Today In Ahmedabad</strong></p>
<p>In Ahmedabad, the cost for 10 grams of 22-carat gold stands at Rs 59,500, and for the equivalent amount of 24-carat gold, it amounts to Rs 64,900.</p>
<p><strong>Examine gold rates today in various cities on March 5, 2024; (In Rs/10 grams)</strong></p>
<table>
<thead>
<tr>
<th>CITY</th>
<th>22 CARAT GOLD PRICE</th>
<th>24-CARAT GOLD PRICE</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chennai</td>
<td>60,150</td>
<td>65,620</td>
</tr>
<tr>
<td>Kolkata</td>
<td>59,450</td>
<td>64,850</td>
</tr>
<tr>
<td>Gurugram</td>
<td>59,600</td>
<td>65,000</td>
</tr>
<tr>
<td>Lucknow</td>
<td>59,600</td>
<td>65,000</td>
</tr>
<tr>
<td>Bengaluru</td>
<td>59,450</td>
<td>64,850</td>
</tr>
<tr>
<td>Jaipur</td>
<td>59,600</td>
<td>65,000</td>
</tr>
<tr>
<td>Patna</td>
<td>59,500</td>
<td>64,900</td>
</tr>
<tr>
<td>Bhubaneshwar</td>
<td>59,450</td>
<td>64,850</td>
</tr>
<tr>
<td>Hyderabad</td>
<td>59,450</td>
<td>64,850</td>
</tr>
</tbody>
</table>
<p><strong>Multi-commodity exchange</strong></p>
<p>On March 5, 2024, the Multi Commodity Exchange (MCX) witnessed active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 64,435 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 73,347 on the MCX.</p>
<p><strong>Retail Cost of Gold</strong></p>
<p>The retail price of gold in India, commonly referred to as the gold rate, signifies the ultimate cost per unit weight that customers incur when acquiring gold. This price is influenced by myriad factors surpassing the inherent value of the metal itself.</p>
<p>Gold holds profound significance in India due to its cultural importance, its appeal for investment, and its traditional role in weddings and festivals.</p>
<p>As per the recent proclamation from the All India Gem and Jewellery Domestic Council (GJC), they foresee that ongoing global economic uncertainties and geopolitical tensions will propel gold prices to attain a historical zenith of Rs 70,000 per 10 grams in the forthcoming year. This prognosis underscores gold’s role as a dependable investment and a valuable hedge against inflation.</p>
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