Gold Rate Today: To reduce total portfolio risk, a number of well-known investment experts advise allocating a portion of your portfolio to commodities like gold. In addition to bullion (gold bars), mutual funds, futures, mining firms, and jewellery, there are many other avenues to invest in gold. The only ways to invest in gold directly are through bullion, futures, and a few specialised funds, with very few exceptions. The value of other investments comes in part from unrelated resources. The current price of gold in India is Rs 5,495 per gram for 22k gold and Rs 5,995 per gram for 24k gold, commonly known as 999 gold.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 54950 |
| Delhi | 55100 |
| Kerala | 54950 |
| Pune | 54950 |
| Lucknow | 55100 |
| Patna | 55000 |
| Nagpur | 54950 |
| Chandigarh | 55100 |
| Surat | 55000 |
| Bhubaneswar | 54950 |
Gold Rate Today: Prices on MCX
Gold has been the preferred form of payment from ancient civilizations to the present. Considering that gold has little link to other asset classes these days, investors typically purchase it as a hedge against inflation and political turmoil. Gold has consistently been demonstrated to be the best inflation hedge. More than ever, investors believe that gold is an essential investment. The cost of the MCX’s 10-gram gold futures contract, which has an expiration date of October 5, 2023, decreased by 0.36 percent to Rs. 58731. Priced at Rs. 72250, down 1.48 percent, silver futures with a delivery date of September 5, 2023 are currently available.
Here’s how to check the gold purity
Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain 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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