Gold Rate Today: People are eagerly anticipating Valentine’s Day and purchasing gifts and other items because there are so many platforms giving enormous discounts and other advantages. In light of the recent little decline in the price of gold, this can also be an excellent opportunity to get your significant other decorations made of these precious metals on the Kiss Day. Gold is still the most popular form of money in the world today. All things considered, because gold has no correlation to other asset classes, investors purchase it as a hedge against political unrest and inflation. In India, the cost of 22-karat gold is currently Rs 5,770 per gram, whereas 24-karat gold is priced at Rs 6,295 per gram.
Gold Rate Today: Checkout the rates on MCX
The easiest and safest ways to invest in gold are typically through mutual funds and exchange-traded funds (ETFs). You can easily buy or sell these securities in your brokerage or retirement account; each share represents a fixed amount of gold. New investors should use gold mutual funds and ETFs due to their low fees and low minimum investment requirements. On the MCX, gold futures maturing on February 5, 2024, were trading at Rs 61979 per 10 grammes, a decrease of 0.51 percent. March 5, 2024, expiration date silver futures were up 0.36 percent at Rs 71028 a kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58150 |
| Kerala | 58000 |
| Pune | 58000 |
| Lucknow | 58150 |
| Patna | 58150 |
| Nagpur | 58000 |
| Chandigarh | 58000 |
| Surat | 58150 |
| Bhubaneswar | 58150 |
| Mumbai | 58000 |
The Sovereign Gold Bonds (SGBs) are government-issued securities that investors can purchase as a substitute for real gold. SGBs issue price has been set by the RBI at Rs 6,263 per gram. It is open upto 21st February. Investors may invest in such schemes as well.
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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