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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Good News! Prices of precious metals slip, Should you...

Gold Rate Today: Good News! Prices of precious metals slip, Should you buy now or wait?

A gram of 22-karat gold now costs Rs 5,759 in India, whereas a gram of 24-karat gold costs Rs 6,283.

Gold Rate Today: In India, the price of a gram of 22-karat gold is currently Rs 5,759, while a gram of 24-karat gold is Rs 6,283. Everyone is buying gold products as gifts. Considering the slight drop in price of each precious metal recently, this could be an excellent time to purchase decorations made of these metals. Gold has always been the most extensively used form of money in the world, both historically and currently. Investors buy gold mainly as a hedge against inflation and political instability because it has minimal correlation with other asset types.

Gold Rate Update: Checkout the rates on MCX

Due to its historically low correlation with other financial assets, gold is a hedge against future economic downturns that is popular among investors. Bond yields typically decrease in response to rising gold prices. Gold futures with an April 5, 2024, maturity date of Rs 62204 per 10 grammes are currently trading at the MCX following a 0.16 percent loss. Silver futures maturing on March 5, 2024, are now selling at Rs 70731 per kg on the MCX, down 0.46 percent from the previous trade.

Gold rates in major cities

Name of citiesPrices of 22k gold in rupees
Mumbai57590
Delhi57740
Kerala57590
Pune57590
Lucknow57740
Patna57740
Nagpur57590
Chandigarh57590
Surat57740
Bhubaneswar57740

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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