As we approach the end of February, the gold and silver markets are witnessing fluctuations in prices. Today, on February 28, 2024, both gold and silver have experienced a slight decline in their values. Let’s delve into the latest rates to keep you informed about the current market scenario.
Gold Rates on February 28, 2024
In the Delhi bullion market, the price of 18-carat gold is Rs 47,240 per 10 grams. Mumbai and Kolkata share a similar rate of Rs 47,120 per 10 grams. Meanwhile, in Chennai, the price stands at Rs 47,590 per 10 grams. The 22-carat gold is valued at Rs 57,740, Rs 57,590, and Rs 58,100 per 10 grams in Delhi, Mumbai, and Kolkata, respectively. Chennai is trading at Rs 58,100 per 10 grams.
Investors closely watch the 24-carat gold prices, which are currently at Rs 62,990 in Delhi, Rs 62,830 in Mumbai and Kolkata, and Rs 63,380 in Chennai for 10 grams.
Silver Rates on February 28, 2024
For silver, the rate is Rs 73,900 per kilogram in Delhi, Mumbai, and Kolkata. Chennai is slightly higher at Rs 75,400 per kilogram.
Regional Variances
In the local markets of Madhya Pradesh, the rates for 18-carat gold in Indore and Bhopal are Rs 47,160 per 10 grams. The 22-carat gold is priced at Rs 57,640 per 10 grams, and the 24-carat gold is at Rs 62,880 per 10 grams. As for silver, it is available at Rs 73,900 per kilogram in these cities.
Investors and consumers must stay updated with the latest gold and silver rates as they are subject to change based on various market dynamics. While today’s rates depict a slight decline, the precious metals market is known for its fluctuations. Keeping a close eye on these rates ensures that you make informed decisions regarding buying or selling these valuable commodities.
Please note that the rates mentioned are indicative and may vary based on the specific location and jeweler. It is advisable to check with local sources for the most accurate and up-to-date information.