Gold Rate Today: In the event of a currency collapse, gold serves an important economic function as a medium of exchange. However, a lot of people today buy gold in the form of yellow metal to save money. Gold has been used as jewellery and a method of commerce for millennia. The current price of gold in India is Rs 5,515 per gram for 22k gold and Rs 6,016 per gram for 24k gold, commonly known as 999 gold.
Gold Rate Today in some major cities
| Name of the cities | 22K Gold | 24K Gold |
| Chennai | Rs 55,450 | Rs 60,490 |
| Kolkata | Rs 55,150 | Rs 60,160 |
| Bangalore | Rs 55,150 | Rs 60,160 |
| Hyderabad | Rs 55,150 | Rs 60,160 |
| Vadodara | Rs 55,200 | Rs 60,210 |
| Jaipur | Rs 55,300 | Rs 60,310 |
| Madurai | Rs 55,450 | Rs 60,490 |
| Nagpur | Rs 55,150 | Rs 60,160 |
| Mangalore | Rs 55,150 | Rs 60,160 |
| Visakhapatnam | Rs 55,150 | Rs 60,160 |
| Nashik | Rs 55,180 | Rs 60,190 |
| Mysore | Rs 55,150 | Rs 60,160 |
Buying gold can be seen as an investment
Gold investment gives a lot of benefits. The first and main advantage is straightforward liquidity. The priceless metal is available for sale whenever you like, you can sale it. Of course, if it is in physical form, you will only get a portion of the gold’s actual value because of a variety of costs, including the production costs. Another benefit is that it makes a fantastic hedge against political turmoil and inflation. Therefore, it can be said that you’re committing a mistake if you haven’t invested in gold. People are allowed to invest in gold, at least in small amounts.
Know about the prices on MCX
On the Multi Commodity Exchange (MCX), gold prices have fallen. On the MCX, 10 grams of gold futures with an expiration date of August 4, 2023 decreased 0.08 percent to Rs 59430. For delivery on September 5, 2023, silver is presently priced at Rs. 75788, a decrease of 0.64%. The government offers a mobile app that enable users to verify the purity of gold. Customers can check the purity of gold using the BIS Care app.
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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