Gold Rate Today: Prices of yellow metal move down, Silver increases; check current rates in your city here

Gold Rate Today: Gold should be a part of a diversified investment portfolio since it reacts favourably to events that cause the value of paper investments like equities and bonds to drop. Even while gold’s price can fluctuate in the short term, it has never lost any of its long-term value. The current price of gold in India is Rs 5,390 per gram for 22k gold and Rs 5,880 per gram for 24k gold, commonly known as 999 gold.

Price of gold in some major cities

Gold Rate Today: On MCX

Each year, a lot of people decide to invest in gold. It is one of the oldest investment strategies used in the nation. The advantages of gold investment are numerous. Gold is one of the most well-known investments that, among other things, guarantees safety. To reach Rs 57919, the cost of the 10-gram gold futures contract for October 5, 2023 on the MCX dropped by 0.62 percent. Currently, the value of silver futures contracts with delivery dates of September 5, 2023 is Rs. 70686, which is 0.19% more than the contract’s value on December 5, 2023.

Gold Investment Provides High Cash Flow

If you have any gold coins or jewellery, you can sell them at any moment at a nearby jewellery store to liquidate your holdings. Shares and mutual funds can also be easily converted into cash. However, it may take a few days for these things to be reclaimed and the sale revenues to be refunded to your bank account. Gold, in contrast to these securities, is more liquid.

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.)

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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