Gold rates in India on March 24: Here's how much the yellow metal costs in your city today

Gold

Gold prices saw a decline on March 24, after hitting record highs in the beginning of the month. According to the India Bullion and Jewellers Association, gold (999 purity) was trading at around Rs 87,845 per 10 gm on March 24.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country:

(as per data on Good Returns)

Gold's April contracts on the Multi Commodity Exchange of India (MCX) traded at Rs 87,786 per 10 gram on March 24.

"Gold prices reached an all-time high of $3,065.20 per ounce on COMEX and ₹89,796 per 10 grams on MCX last week, as Fed Chair Jerome Powell acknowledged significant uncertainty tied to President Donald Trump’s policy changes. Powell also projected slower US growth and higher inflation in 2025, while the Fed’s dot plot indicated that FOMC members expect the federal funds rate to end 2025 at 3.9%, implying a potential half-percentage-point reduction or about two rate cuts by year-end. However, gold faced downward pressure later in the week, slipping to $3,004/oz, paring weekly gains to just 1.2%, as the US dollar strengthened, leading to profit-taking in precious metals. As of today, gold prices remain steady near $3,020/oz after a third consecutive weekly gain, as the market remains cautious about geopolitical risks and the fallout from tariffs, which continue to support gold's safe-haven demand, despite signs that the next wave of US tariffs may be more targeted than initially expected," said Kaynat Chainwala, AVP-Commodity Research, Kotak Securities.

Also read: Sky-high gold prices see buyers turning to affordable jewellery

While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.