Gold Rate Today: Gift Your Loved One the Jewellery They Deserve on 'Promise Day,' Check the Rates Here Before You Buy

Gold Rate Today: With so many platforms offering huge discounts and other benefits, people are looking forward to Valentine's Day with great anticipation and buying gifts and other things. It can also be a great chance to get your significant other decorations made of these precious metals for Promise Day, considering the recent little drop in the price of gold and silver. Even today, gold continues to be the preferred form of money around the world. All in all, investors buy gold as a hedge against inflation and political instability because it is uncorrelated with other asset classes. In India, the cost of 22-karat gold is currently Rs 5,770 per gram, whereas the cost of 24-karat gold is Rs 6,295 per gram.

Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

Exchange-traded funds (ETFs) and mutual funds are usually the simplest and safest ways to invest in gold. These securities are simply bought or sold in your retirement account or brokerage; each share is worth a certain quantity of gold. Because gold mutual funds and ETFs have minimal fees and low minimum investment requirements, they are a good choice for novice investors. Gold futures with a February 5, 2024, maturation were trading at Rs 62178 per 10 grammes on the MCX, down 0.42 percent. Silver futures with an expiration date of March 5, 2024, were trading 0.48 percent down at Rs 70500 a kg on the MCX.

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