Gold Rate Today: Even though there are many different types of precious metals, gold still has a high value as an investment. The high liquidity and inflation-beating potential of gold have made it one of the most sought-after investment options in India. Purchasing jewellery, coins, bars, sovereign gold bond schemes, gold funds, exchange-traded funds, and other items are some ways to invest in gold. A gram of 22-karat gold costs Rs 5,820 in India right now, while a gram of 24-karat gold costs Rs 6,349.
Inherent Value in a Tangible Asset
Gold, in contrast to many other investments, is a physical asset with inherent value. It is highly sought after for jewellery and other applications, and it has industrial uses. Due to its physical characteristics, gold offers security and stability because its value is not primarily based on the state of the market or the success of a specific company.
Acceptance and Liquidity Worldwide
All across the world, gold is acknowledged and valued as a valuable asset. In a variety of forms, including bullion, coins, and bars, it is easily purchased, sold, and traded. When cash is needed, investors can easily convert their gold holdings into cash thanks to its widespread acceptance and liquidity.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62972 per 10 grams on the MCX, up 0.03 percent. Silver futures, which expire on March 5, 2024, gain 0.08 percent and were trading at Rs 75448 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58350 |
| Kerala | 58200 |
| Pune | 58200 |
| Lucknow | 58350 |
| Patna | 58350 |
| Nagpur | 58200 |
| Chandigarh | 58200 |
| Surat | 58350 |
| Bhubaneswar | 58350 |
| Mumbai | 58200 |
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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