Gold Rate Today: Gold is still an excellent investment, despite the wide variety of precious metals that are readily available. Given its high liquidity and propensity to beat inflation, gold is one of the most well-liked investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold ETFs, and other goods can all be used to buy gold. On the other hand, given that the price of yellow metal has somewhat climbed, you can temporarily stop investing in gold.
What are Sovereign Gold Bonds?
These bonds are offered by the Reserve Bank of India, the central bank of India, and can be purchased in one-gram increments, up to a maximum of four kilogrammes. These bonds function as government securities and provide a respectable substitute for holding actual gold. Investors have the option to withdraw during the last three years prior to completion of the eight-year maturity period. Moreover, the interest rate on the first investment in national gold bonds is 2.5%. Investors have the freedom to buy or sell these bonds at the end of the subscription period because they are actively traded on stock exchanges.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 61800 per 10 grams on the MCX, up 0.05 percent. Silver futures, which expire on March 5, 2024, gain 0.06 percent and were trading at Rs 71658 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 57550 |
| Kerala | 57400 |
| Pune | 57400 |
| Lucknow | 57550 |
| Patna | 57550 |
| Nagpur | 57400 |
| Chandigarh | 57400 |
| Surat | 57550 |
| Bhubaneswar | 57550 |
| Mumbai | 57400 |
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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