Gold Rate Update: Prices continue to Slide; Should you wait? Check current rates in your city here

Gold Rate Update: The answer to whether you should invest in gold or whether buying it is a good idea is straightforward: gold is a safe haven and an inflation hedge that can help shield your portfolio from market instability. Bullion, an ETF, and individual retirement accounts (IRAs) are just a few ways to invest in this precious metal. The current price of gold in India is Rs 5,259 per gram for 22k gold and Rs 5,737 per gram for 24k gold, commonly known as 999 gold.

Price of gold in some major cities

Gold Rate Update: Prices on MCX

Due to its numerous benefits, gold is a popular investment choice all over the world. Investing in gold has many benefits. On October 5, 2023, the price of the 10-gram gold futures contract on the MCX decreased by 0.47 percent to Rs 57575. Currently, the value of silver futures contracts with delivery dates of September 5, 2023 is Rs. 69870, which is Rs. 1.03% less than the contract’s value on December 5, 2023.

This is how you can determine the purity of gold

If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.

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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