Gold Rate Today: Making investments is crucial to accumulating wealth and securing the future. Exchange-traded funds (ETFs), bonds, equities, mutual funds, and a plethora of other options are available for investment today. Every kind of investment has a risk-reward ratio, thus the first step in selecting the best investment option is to assess the risk profile. A highly liquid asset with the ability to lower investor credit risk is gold. Given its intrinsic cultural value, gold is mostly utilised to manufacture jewellery in India. Additionally, because of its low correlation, low volatility, and utilitarian value, gold as an investment can aid in portfolio diversification.
Gold Rate Today: Price of gold as per Good Returns
Gold has historically had a low correlation with other financial assets, which makes it a preferred hedge against potential economic downturns. Gold futures with a maturity date of June 5, 2024 are currently trading on the MCX at Rs 71255 per 10 grams. It is higher than the previous closing by 0.83 percent. However, the value of silver futures, which mature on July 5, 2024, has increased by 2.23 percent and is currently trading on the MCX at Rs 82850 per kilogramme.
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