Gold Rate Today: Silver prices rose while the price of yellow metal decreased, on Friday. As long as the market is closed on Sunday, the rates won’t change. Since the price of the yellow metal has dropped by 0.29% on Friday evening, it is the best time to buy gold. Currently, 24k gold, also known as 999 gold, is priced in India at Rs 5,945 per ounce and 22k gold at Rs 5,450. Indians in particular have historically been fans of gold, making it a popular commodity. A unique place for itself has been cemented by gold.
Gold Rate Today in some major cities
| Name of cities | 22K Gold | 24K Gold |
| Mumbai | Rs 54,500 | Rs 59,450 |
| Delhi | Rs 54,650 | Rs 59,600 |
| Kerala | Rs 54,500 | Rs 59,450 |
| Lucknow | Rs 54,650 | Rs 59,600 |
| Patna | Rs 54,550 | Rs 59,500 |
| Chandigarh | Rs 54,650 | Rs 59,600 |
| Mangalore | Rs 54,500 | Rs 59,450 |
| Mysore | Rs 54,500 | Rs 59,450 |
| Cuttack | Rs 54,500 | Rs 59,450 |
| Gurgaon | Rs 54,650 | Rs 59,600 |
| Ghaziabad | Rs 54,650 | Rs 59,600 |
| Noida | Rs 54,650 | Rs 59,600 |
Gold Rate Today: On MCX
The precious metal is a notable liquid asset that comes in useful during stormy times. The yellow metal protects against inflation and currency depreciation. Aside from that, the metal shines when equities and debt fall in stock markets. With an expiration date of August 4, 2023, the price of gold futures on the MCX down by 0.29 percent to Rs 58640 for 10 grammes. The price of silver are trading at Rs. 73627, up 0.08 percent, for delivery on September 5, 2023.
Gold Rate Today: Gold as an asset
Gold, a precious metal, is one of the most sought after assets in hard times. Investments in precious metals are increasing year by year in different parts of the world. Since 2001, the metal has grown by approximately 15% annually. The changing rate of economic growth has encouraged even institutional investors to invest in this asset as a source of long-term return. It also acts as a spreader, cancelling losses during periods of stock market volatility.
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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