Gold Rate Today: Drastic Fall in Rates of Precious metals! Check Current Rates Here

Gold Rate Today: The prices of both silver and gold have decreased by more than 1.50%, which is the largest decrease of this weak. If you like to purchase these metals, you should first verify the rates. We have provided the current price of gold of a few major cities based as per Good Returns. There are several reasons why gold is a popular commodity among investors, and it has characteristics that make it different from more traditional assets like equities and bonds. Although gold is an asset that does not produce cash flow, some see it as a hedge against inflation, while others see it as a store of wealth. In view of the high rate of inflation and the record highs of the stock market, some investors see gold to be a solid asset with a growth history.

Gold prices on MCX

Gold futures with a maturity date of June 5, 2024 are currently trading for Rs 70480 per 10 grams on the MCX. The decrease in it’s rate is 1.57 percent. On the other hand, the MCX is presently selling Silver futures for Rs 80865 a kilogram, with a maturity date of May 3, 2024. Compared to their previous trade price, there has been a 1.96 percent decrease. Although gold futures are a great way to bet on the price of gold rising, actual delivery is not what motivates speculators.

Gold Rate Today: Price of gold as per Good Returns

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.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER