Gold Rate Today: Prices of Precious metals Slip, Should You Buy Now? Check Current Rates Here

Gold Rate Today: Everybody is buying gold items as a form of gift. It may also be a great time to purchase decorations made of these precious metals, given the recent little drop in their respective prices. Gold has always been the most extensively used form of money in the world, both historically and currently. Investors buy gold mostly as a hedge against inflation and political instability because it has no correlation with other asset classes. In India, the price of a gram of 22-karat gold is currently Rs 5,750, and a gram of 24-karat gold is Rs 6,273.

Gold rates in major cities

Gold Rate Update: Checkout the rates on MCX

With a slight decrease of 0.11 percent, gold rate is trading at Rs 62042 per 10 grams on the MCX. The price of silver futures, which mature on March 5, 2024, saw a decrease of 0.43 percent, and are trading at Rs 70305 per kg on the MCX. The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields.

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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