Gold Rate Today: One of the most well-known precious metals in the world is gold. Gold transcends cultural barriers and has been used historically for a variety of purposes, including as cash, a vital component of electronics, and an artisanal jewellery. Even in this day and age, gold continues to captivate investors as a unique asset that provides an alternative to traditional stock and bond markets. Additionally, gold serves as an inflation hedge. Gold values increase in tandem with the general cost of products. This is partially due to the limited supply of gold, which allows owners to better protect their purchasing power even if prices rise as a result of low interest rates.
Gold Rate Today: Checkout the rates on MCX
As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields. Gold futures with a maturity date of April 5, 2024, and a price of Rs 67800 per 10 grams are presently trading at the MCX after rising 0.18 percent just before Eid. On the other hand, silver futures with a maturity date of May 3, 2024, are currently trading at Rs 75044 per kg, down 0.01 percent from the last deal.
Price of gold in some major cities
The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 63150 |
| Kerala | 63000 |
| Pune | 63000 |
| Lucknow | 63150 |
| Patna | 63150 |
| Nagpur | 63000 |
| Chandigarh | 63000 |
| Surat | 63150 |
| Bhubaneswar | 63150 |
| Mumbai | 63000 |
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 or it’s writer 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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