Gold rates in India: Check how much 22K, 24K gold costs in your city today

Gold jewellery

The price of gold has been seeing a decline for the past few days. The latest average price of 10 grams of 24 carat gold in India stood at Rs 84,657 on February 28, as per data on MCX.

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.

Here are the latest prices of 22 carat and 24 carat gold in some of the major cities.

Gold prices are likely to trade lower, weighed down by a stronger US dollar and rising treasury yields, as investors await a key inflation report to assess US Federal Reserve's policy path, Prathamesh Mallya, DVP (Research) of Non-Agri Commodities and Currencies, Angel One said.

"Comex Gold prices declined by over 1% in the previous session as investors booked profits, with a stronger U.S. dollar weighing on the metal’s appeal. Market participants are now focused on the upcoming Personal Consumption Expenditures (PCE) data, the Federal Reserve’s preferred inflation gauge, for further insights into the U.S. economic outlook," as per a report by Axis Securities.

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