Gold Rate Today: The current price of gold in India is Rs 5,520 per gram for 22k gold and Rs 6,023 per gram for 24k gold, commonly known as 999 gold. Gold never completely goes out of style in a location like India where it has been used for a long time as both an ornament and an investment. There are other gold savings schemes available in India, so purchasing gold coins, bullion, and jewellery is not the only option to invest in gold. Personal preferences, as well as factors like the amount invested and the requirement for liquidity, will all play a role in determining the best approach to invest in gold.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 55200 |
| Delhi | 55350 |
| Kerala | 55200 |
| Pune | 55200 |
| Lucknow | 55350 |
| Patna | 55250 |
| Nagpur | 55200 |
| Chandigarh | 55200 |
| Surat | 55250 |
| Bhubaneswar | 55200 |
Gold Rate Today: On MCX
The best inflation hedge has constantly been shown to be gold. Investors consider gold to be a key investment now more than ever. The price of the 10-gram gold futures contract that expires on October 5, 2023 went up 0.22 percent to Rs. 59415 on the MCX. Silver futures with a delivery date of September 5, 2023 are now priced at Rs. 73260, up 0.95 percent from their previous value.
What are gold ETFs?
Mutual funds that track the domestic price of physical gold are known as gold ETFs. Your investment is used by the fund management business to purchase gold bullion. Investing in gold ETFs is secure and subject to strict regulation because they are listed and traded on stock markets. Similar to stocks, you can purchase and sell units of gold ETF on the stock exchange on the same day or any other day.One unit of the gold ETF, which equals the cost of one gramme of actual gold, is the required minimum investment. Gold ETFs have great liquidity and are simple to trade on the stock market because they are listed.
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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