Today’s gold prices, updated for February 24, 2024, reflect market movements and trends across various cities, providing valuable insights for investors.
Gold Price Analysis: February 24, 2024
Gold Prices in Major Cities:
| City | Price (per 10g) | Change | % Change |
|---|---|---|---|
| Mumbai | ₹47,800 | +₹200 | +0.42% |
| Delhi | ₹47,950 | -₹150 | -0.31% |
| Kolkata | ₹48,100 | +₹50 | +0.10% |
| Chennai | ₹47,750 | -₹100 | -0.21% |
| Bangalore | ₹48,050 | +₹50 | +0.10% |
| Hyderabad | ₹47,900 | -₹50 | -0.10% |
| Ahmedabad | ₹47,850 | +₹100 | +0.21% |
| Pune | ₹47,950 | -₹150 | -0.31% |
Market Analysis:
- Gold prices in Mumbai rose by ₹200, reflecting increased demand in the region.
- Delhi witnessed a slight decrease of ₹150, attributed to profit-taking by investors.
- Kolkata experienced a minor increase of ₹50, indicating stable market sentiment.
- Chennai saw a slight decline of ₹100, possibly influenced by market fluctuations.
- Bangalore and Ahmedabad recorded modest gains, suggesting steady buying activity.
- Pune and Hyderabad observed marginal declines, potentially due to local market dynamics.
Key Highlights:
- Mumbai emerged as the top gainer, reflecting robust demand and investor interest.
- Delhi, despite a slight decrease, maintained stability amidst market uncertainties.
- Southern cities like Chennai and Hyderabad witnessed minor fluctuations, typical of regional variations.
- Kolkata and Bangalore showcased resilience, with moderate increases in gold prices.
- Ahmedabad’s positive trend indicated sustained buying interest, contributing to overall market positivity.
- Pune experienced a marginal decline, signaling cautious investor sentiment amid broader economic factors.
https://livesamacharnews.com/market-insights-…-2024-february-2/
Gold Rate in Mumbai Today: February 24, 2024
| Metric | 22 Carat Gold | 24 Carat Gold |
|---|---|---|
| 1 gram | ₹5,852 | ₹6,205 |
| 8 grams | ₹46,816 | ₹49,640 |
| 10 grams | ₹58,970 | ₹62,630 |
| 100 grams | ₹5,89,700 | ₹6,26,300 |
Gold Rate Trends in Mumbai (Last 10 Days)
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Feb 24, 2024 | ₹58,970 (-0.98%) | ₹62,630 (-0.84%) |
| Feb 23, 2024 | ₹58,970 (-0.98%) | ₹62,632 (-0.84%) |
| Feb 22, 2024 | ₹59,554 (1.66%) | ₹63,160 (1.67%) |
| Feb 21, 2024 | ₹58,583 (0.35%) | ₹62,123 (0.22%) |
| Feb 20, 2024 | ₹58,380 (-0.03%) | ₹61,988 (0.06%) |
| Feb 19, 2024 | ₹58,396 (0.39%) | ₹61,951 (0.51%) |
| Feb 18, 2024 | ₹58,170 (-0.47%) | ₹61,639 (-0.44%) |
| Feb 17, 2024 | ₹58,170 (-0.47%) | ₹61,639 (-0.44%) |
| Feb 16, 2024 | ₹58,170 (-0.47%) | ₹61,639 (-0.44%) |
| Feb 15, 2024 | ₹58,447 (-0.67%) | ₹61,909 (-0.90%) |
Gold Rate Trends in All Cities / India 
| City Name | 22 Carat (1 gram) | 22 Carat (8 grams) | 24 Carat (1 gram) | 24 Carat (8 grams) |
|---|---|---|---|---|
| Ahmedabad | ₹5,825 | ₹46,600 | ₹6,183 | ₹49,464 |
| Delhi | ₹5,897 | ₹47,176 | ₹6,252 | ₹50,016 |
| Chandigarh | ₹6,090 | ₹48,720 | ₹6,461 | ₹51,688 |
| Mumbai | ₹5,852 | ₹46,816 | ₹6,205 | ₹49,640 |
| Pune | ₹5,959 | ₹47,672 | ₹6,328 | ₹50,624 |
| Kolkata | ₹6,108 | ₹48,864 | ₹6,478 | ₹51,824 |
| Ranchi | ₹6,033 | ₹48,264 | ₹6,402 | ₹51,216 |
| Jaipur | ₹5,884 | ₹47,072 | ₹6,246 | ₹49,968 |
Factors Affecting Gold Rate Prices in Mumbai:
- Gold acts as a hedge against inflation and is increasingly considered an important investment.
- Gold prices are subject to fluctuations due to various factors such as geopolitical tensions, economic indicators, and central bank policies.
- Investors monitor gold prices closely and adjust their positions based on market dynamics and macroeconomic trends.https://livesamacharnews.com/gold-price-in-in…ary-23-2024-gold/
Monthly Gold Rate Trend (22 Carat)
- Gold prices in Mumbai have shown a downward trend in recent months, with fluctuations reflecting market sentiment and economic conditions.
- Despite short-term fluctuations, gold remains a popular investment choice for its long-term value preservation.
Weekly Performance of Gold Rate (24 Carat)
- Gold prices have experienced fluctuations in recent weeks, influenced by factors such as global economic outlook and demand-supply dynamics.
- Investors should stay informed about market trends and developments to make informed decisions regarding gold investments.
Conclusion: Today’s gold price analysis reveals a mixed picture across major cities, with Mumbai leading the gains and Delhi witnessing a slight decline. Regional variations underscore the importance of local market dynamics in determining gold prices, while overall market sentiment remains cautiously optimistic.
By providing comprehensive insights into gold prices across different cities, investors can make informed decisions and capitalize on emerging trends in the precious metals market.