Gold Rate Today: Everyone is purchasing gifts and other items before Eid because there are so many platforms giving enormous discounts and other advantages. Furthermore, considering the recent marginal decline in the price of gold and silver, this could be an excellent opportunity to buy decorations made of these priceless metals. From ancient times till the present, gold has been the most widely utilised form of money worldwide. Because gold has a minimal correlation to other asset classes, investors primarily buy it as a hedge against inflation and political unrest.
Gold Rate Update: Checkout the rates on MCX
Mutual funds and exchange-traded funds (ETFs) are generally the simplest and safest ways to invest in gold. Each share of these securities represents a fixed amount of gold, and you can easily purchase or sell them in your brokerage or retirement account. Because of their low cost and low minimum investment requirements, gold mutual funds and ETFs are an excellent choice for new investors. Gold futures with a June 5, 2024 maturity date were trading at Rs 70599 per 10 grams on the MCX, down 0.05 percent. Silver futures, which expire on May 3, 2024, loss 0.02 percent and were trading at Rs 80850 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 65500 |
| Kerala | 65350 |
| Pune | 65350 |
| Lucknow | 65500 |
| Patna | 65500 |
| Nagpur | 65350 |
| Chandigarh | 65350 |
| Surat | 65500 |
| Bhubaneswar | 65500 |
| Mumbai | 65350 |
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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