Gold Rate Update: Prices of yellow metal continue to slip, Silver moves up; Check current rates in your city here

Gold Rate Update: For a very long time, gold has been one of India’s most popular investment options. This is partially due to the fact that investments in gold maintain and sometimes even increase in value during uncertain economic times. Additionally, investing in gold in India might help you diversify your portfolio and protect you from inflation. Currently, the price of gold in India is Rs 5,240 for 22 karat gold and Rs 5,716 for 24 karat gold per gram.

Gold Rate Update: What are gold ETFs?

Gold ETFs are mutual funds that follow changes in the domestic price of physical gold. The fund management company purchases gold bullion with your money. Because gold ETFs are listed and traded on stock markets, investing in them is secure and governed by tight regulations. The same day, or any other day, you can buy and sell units of gold ETF on the stock exchange, just like equities.The minimum investment is one unit of the gold ETF, which is equal to the price of one gramme of genuine gold. Due to their listing, gold ETFs have excellent liquidity and are easy to trade on the stock market.

Price of gold in some major cities

Gold Rate Update: On MCX

Many people choose to invest in gold each year. It is one of the country’s most traditional types of investing. There are many benefits to investing in gold. The price of the 10-gram gold futures contract on the MCX for October 5, 2023 decreased by 0.02 percent to Rs 56709. Silver futures contracts with September 5, 2023 delivery dates currently have a value of Rs. 67255, which is 0.55% greater 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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