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 Valentine’s 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 5,790 per gram, while the cost of 24-karat gold is Rs 6,316 per gram.
Gold Rate Today: Checkout the rates on MCX
The easiest and safest ways to invest in gold are typically through mutual funds and exchange-traded funds (ETFs). You can easily buy or sell these securities in your brokerage or retirement account; each share represents a fixed amount of gold. New investors should use gold mutual funds and ETFs due to their low fees and low minimum investment requirements. On the MCX, gold futures maturing on February 5, 2024, were trading at Rs 62178 per 10 grammes, a decrease of 0.42 percent. March 5, 2024, expiration date silver futures were down 0.48 percent at Rs 70500 a kg on the MCX.
Price of gold in some major cities
|Name of cities
|Prices of 22k gold in rupees
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.)