Gold Rate Today: Prices move down; Check current rates in your city here

Gold Rate Today: A diversified investment portfolio should include gold since it responds favourably to circumstances that lead to declines in the value of paper investments like equities and bonds. Despite the fact that the price of gold can change in the near term, it has always retained its value over the long term. The current price of gold in India is Rs 5,475 per gram for 22k gold and Rs 5,973 per gram for 24k gold, commonly known as 999 gold.

Price of gold in some major cities

Gold Rate Today: On MCX

The price of the 10-gram gold futures contract on the MCX for October 5, 2023 decreased by 0.49 percent to Rs 58412. Silver futures contracts with September 5, 2023 delivery dates currently have a value of Rs. 71760, which is 0.54% less than the contract’s value on December 5, 2023. 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. One of the most well-known investments that ensure safety among other assets is gold. This is also one of the main reasons for the yearly increase in gold prices because of the growing demand for gold year after year.

Gold Investment Provides High Cash Flow

If you have any gold coins or jewellery, you can sell them at any moment at a nearby jewellery store to liquidate your holdings. Shares and mutual funds can also be easily converted into cash. However, it may take a few days for these things to be reclaimed and the sale revenues to be refunded to your bank account. Gold, in contrast to these securities, is more liquid.

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.)

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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