Gold Rate Today: In unpredictable economic times, gold has proven to be a reliable investment, frequently appreciating in value when other assets do not. In an unstable economy, its value typically remains the same or even increases. One feature of the Indian financial industry that makes it unique is the US dollar’s continuous depreciation against the Indian rupee. Due to its tendency to increase in value in response to changes in exchange rates, gold is a popular stand-in. You might want to put off investing because gold has recently seen a slight boost in price.
Gold Rate Today: Checkout the rates on MCX
Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Gold futures maturing on June 5, 2024, traded at Rs 69,812 per 10 grams for 24 carats on the multi-commodity exchange (MCX), up 1.64 percent. However, the price of silver is currently up 0.88 percent to Rs 75,710 per kilogram.
Gold Rate Update: Price of gold in some major cities as Good Returns
| Name of cities | Prices of 24k gold in rupees |
| Mumbai | 69380 |
| Delhi | 69530 |
| Kerala | 69380 |
| Pune | 69380 |
| Lucknow | 69530 |
| Patna | 69530 |
| Nagpur | 69380 |
| Chandigarh | 69380 |
| Surat | 69530 |
| Bhubaneswar | 69530 |
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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