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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Buying precious metals during wedding season becomes costlier! Check...

Gold Rate Today: Buying precious metals during wedding season becomes costlier! Check current rates in your city here

In India, 24-karat gold is now sold at Rs 6,229 per gram, whereas 22-karat gold costs Rs 5,710 per gram.

Gold Rate Today: In a nation like India, where metal is a staple of nearly every household and is used for both investments and jewellery, gold is timeless. Although buying gold coins, bullion, and jewellery is not the only way to save money on gold in India, the ideal way to invest in gold will rely on your tastes as well as considerations like your investment size and liquidity requirements. While gold mutual funds and ETFs are better suited for individuals with experience investing in stocks and mutual funds, digital gold is a virtual asset. In India, the cost of 22-karat gold is currently Rs 5,710 per gram, whereas 24-karat gold is priced at Rs 6,229 per gram.

Investing in online gold is easy

In India, Augmont, SafeGold, and MMTC-PAMP all provide digital gold. Additionally, venues including financial institutions, brokerage businesses, and mobile e-wallets offer it for purchase. The return on investment for digital gold is determined by the market price of physical gold, and it is 100% pure, certified, and insured. Digital gold can be purchased for as little as one rupee, sold back whenever you’d want, or even delivered physically.

Gold Rate Today: On MCX

On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 61370 per 10 grams following a 0.49 percent gain. On the other hand, maturing silver futures had a 1.40% increase and were trading at Rs 73915 per kilogramme on the MCX on December 5, 2023.

Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees
Mumbai57100
Delhi57250
Kerala57100
Pune57100
Lucknow57250
Patna57250
Nagpur57100
Chandigarh57100
Surat57250
Bhubaneswar57250

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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