Gold Rate Update: The current price of gold in India is Rs 5,520 per gram for 22k gold and Rs 6,023 per gram for 24k gold, commonly known as 999 gold. Gold has historically been a great inflation hedge due to its tendency to appreciate in value when living expenses rise. Over the past 50 years, investors have watched rising inflationary conditions, the stock market crash, and rising gold prices. This is because everything tends to increase at the same time that fiat money loses its purchasing power due to inflation, and gold is normally valued in fiat currency units.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 55200 |
| Delhi | 55350 |
| Chennai | 55500 |
| Kerala | 55200 |
| Pune | 55200 |
| Lucknow | 55350 |
| Patna | 55250 |
| Nagpur | 55200 |
| Chandigarh | 55350 |
| Surat | 55250 |
| Bhubaneswar | 55200 |
Gold Rate Update: On MCX
The best inflation hedge has constantly been shown to be gold. Investors consider gold to be a key investment now more than ever. On the MCX, the price of the 10-gram gold futures contract that expires on October 5, 2023 declined by 0.21 percent to Rs. 59155. Silver futures with a December 5, 2023, expiration date are now priced at Rs. 72600 for delivery on that date, an increase of 0.04% from their previous cost.
You can get gold rates by giving a missed call
For information on gold retail prices, you can leave a missed call at 8955664433. You will receive the prices by SMS shortly after giving this number a missed call. In addition, you may always find updates or information at www.ibja.com or ibjarates.com.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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