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India’s Gold Price Drops Today: Find Out Your City’s 24 Carat Rate on February 27

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<p>On the 27th of February, 2024, the price of gold exhibited fluctuations in various Indian metropolises. The foundational cost for 10 grams demonstrated relative stability, oscillating around Rs 62,000. Elaborating on the scrutiny, the average value for 10 grams of 24-carat gold stood at approximately Rs 62,840, whereas for 22-carat gold, it amounted to Rs 57,600.</p>
<p><img decoding=”async” class=”alignnone wp-image-451205″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-price-drops-today-find-out-your-citys-24-carat-rate-on-february-27-ima.jpg” alt=”theindiaprint.com indias gold price drops today find out your citys 24 carat rate on february 27 ima” width=”1004″ height=”669″ title=”India's Gold Price Drops Today: Find Out Your City's 24 Carat Rate on February 27 30″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-price-drops-today-find-out-your-citys-24-carat-rate-on-february-27-ima.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-indias-gold-price-drops-today-find-out-your-citys-24-carat-rate-on-february-27-ima-150×100.jpg 150w” sizes=”(max-width: 1004px) 100vw, 1004px” /></p>
<p>Concurrently, the silver market manifested a steadfast upward trajectory, attaining Rs 74,000 per kilogram.</p>
<p>Gold rate on this day in India: Retail gold prices as of February 27</p>
<p><strong>Gold Rate Today In Mumbai for 22 Carat & 24 Carat</strong></p>
<p>Presently in Mumbai, the cost of 10 grams of 22-carat gold is pegged at Rs 57,600, while the equivalent quantity of 24-carat gold commands a valuation of Rs 62,840.</p>
<p><strong>Gold Rate Today In Delhi</strong></p>
<p>In the capital city, individuals are mandated to earmark Rs 57,750 for 10 grams of 22-carat gold and Rs 62,940 for an equivalent quantity of 24-carat gold.</p>
<p><strong>Gold Rate Today In Chennai</strong></p>
<p>In Chennai, the valuation for 10 grams of 22-carat gold is Rs 58,150, and for the equivalent amount of 24-carat gold, it registers at Rs 63,440.</p>
<p>Examine the gold rates today in different cities on February 27, 2024; (In Rs/10 grams)</p>
<p><strong>CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE</strong></p>
<p>Ahmedabad | 57,650 | 62,890</p>
<p>Kolkata | 57,600 | 62,840</p>
<p>Gurugram | 57,750 | 62,940</p>
<p>Lucknow | 57,750 | 62,940</p>
<p>Bengaluru | 57,600 | 62,840</p>
<p>Jaipur | 57,750 | 62,940</p>
<p>Patna | 57,650 | 62,890</p>
<p>Bhubaneshwar | 57,600 | 62,840</p>
<p>Hyderabad | 57,600 | 62,840</p>
<p><strong>Multi Commodity Exchange</strong></p>
<p>On February 27, 2024, the futures for gold expiring on April 05 were actively traded at Rs 62,232 on the Multi Commodity Exchange. Additionally, silver futures with a March 05, 2024 expiration date were quoted at Rs 70,147.</p>
<p><strong>Retail Cost of Gold</strong></p>
<p>The retail cost of gold in the nation is the sum that patrons expend for it. This value is swayed by diverse elements, encompassing the global gold valuation, the Rupee’s value, and the expenses linked with labor and materials utilized in crafting gold jewelry.</p>
<p>Gold holds immense significance in India due to its cultural import, its investment value, and its traditional role in ceremonies and festivals.</p>
<p><strong>2024 Outlook: Rs 70,000 Per 10 Grams Gold Price</strong></p>
<p>As per the pronouncement by the All India Gem and Jewellery Domestic Council (GJC), prevailing global economic uncertainties and geopolitical tensions are anticipated to propel gold prices to a historical pinnacle of Rs 70,000 per 10 grams in the forthcoming year. This trajectory underscores gold’s stature as a reliable investment and a valuable hedge against inflation.</p>
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