Gold Rate 16th February 2024: The continuous decline in gold prices got a break today. The rate of 22 carat gold in the country has reached above Rs 57,000. The rate of 24 carat gold is trading around Rs 62400. The price of gold has increased by Rs 200 to Rs 300.
Gold Rate 16th February 2024: The continuous decline in gold prices got a break today. The rate of 22 carat gold in the country has reached above Rs 57,000. The rate of 24 carat gold is trading around Rs 62400. The price of gold has increased by Rs 200 to Rs 300. The price of gold in Delhi is at 62,440. The rate of silver is Rs 75,600. Know here the latest gold rates in 12 cities of the country..
Today’s gold rate in Delhi
The price of 22 carat gold in Delhi was Rs 57,250 per 10 grams. For 24 carat, customers will have to pay Rs 62,440 per 10 grams.
Today’s gold rate in Mumbai
The retail price of 22 carat gold in Mumbai is Rs 57,100 and the price of 24 carat gold is Rs 62,290 per 10 grams.
Today’s gold rate in Chennai
In Chennai, 22 carat gold was Rs 57,400 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 62,840 per 10 grams.
This was the gold rate in big cities of the country on 16 February 2024
| City | 22 carat gold rate | 24 carat gold rate |
| Ahmedabad | 57,150 | 62,340 |
| Kolkata | 57,100 | 62,290 |
| Gurugram | 57,250 | 62,440 |
| Lucknow | 57,250 | 62,440 |
| Bangularu | 57,100 | 62,290 |
| Jaipur | 57,250 | 62,440 |
| Patna | 57,150 | 62,340 |
| Bhubaneswar | 57,100 | 62,290 |
| Hyderabad | 57,100 | 62,290 |
Gold prices depend on these reasons
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.
