Gold Rate Today: Gold has consistently shown to be a secure investment during tumultuous economic times, frequently appreciating in value when other assets do not. In an unstable economy, its value typically remains the same or even increases. One feature that distinguishes the Indian financial system from the US one is the continuous depreciation of the US dollar relative to the Indian rupee. Gold has become a popular stand-in because of its tendency to increase in value in reaction to changes in exchange rates. You might want to invest right now because gold has just seen a slight decline in price.
Gold Rate Today: Price of gold in some major cities
The rates of gold of 22 karat in different cities of the nation are mentioned here. According to Good Returns, the rates are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 60750 |
| Delhi | 60900 |
| Kerala | 60750 |
| Pune | 60750 |
| Lucknow | 60900 |
| Patna | 60900 |
| Nagpur | 60750 |
| Chandigarh | 60750 |
| Surat | 60900 |
| Bhubaneswar | 60900 |
| Dehradun | 60750 |
Gold Rate Today: Checkout the rates on MCX
The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. Gold futures with a maturity date of April 5, 2024, and a price of Rs 66019 per 10 grams are presently trading at the MCX after decreasing 0.01 percent. On the other hand, silver futures with a maturity date of May 3, 2024, are currently trading at Rs 74280 per kg, up 0.02 percent from the last deal.
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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