Gold Rate Today: Despite the abundance of readily available precious metals, gold remains a prudent investment. Gold is one of the most well-liked investment options in India due to its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other products. However, considering the recent spike in the price of yellow metal, you might want to hold off on making your next gold investment for a little while.
Gold Rate Today: Checkout the rates on MCX
Gold futures with a maturity date of April 5, 2024 and a price of Rs 65870 per 10 grammes are presently trading at the MCX after a gain of 0.02 percent. On the other hand, silver futures with a maturity date of May 3, 2024, are currently selling for Rs 74810 per kg, up 0.03 percent from the previous transaction. As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields.
Price of gold in some major cities
The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 61400 |
| Kerala | 61250 |
| Pune | 61250 |
| Lucknow | 61400 |
| Patna | 61400 |
| Nagpur | 61250 |
| Chandigarh | 61250 |
| Surat | 61400 |
| Bhubaneswar | 61400 |
| Mumbai | 61250 |
According to Money Control, the rates of 22 carat gold of 10 gram in Dehradun and Ranchi are Rs 62,250 and Rs 62,850 respectively.
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 or it’s writer 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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