Gold Rate Today: Planning to Shop For Your Valentine? Checkout the Rates Before You Make Up Your Mind

Gold Rate Today: This year, since there are so many platforms offering significant discounts and other perks during Valentine's Week, everyone is purchasing gifts and other products. Also, this might be an excellent time to gift your significant other ornaments made of these precious metals, especially with the minor increase in the price of gold that is just negligible. From prehistoric times to the present, gold has been the currency that is used worldwide the most. Because gold has a minimal correlation to other asset classes, investors primarily buy it as a hedge against inflation and political instability. 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.

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). Simply put, you can buy or sell these securities in your brokerage or retirement account; each share is valued at a specific amount of gold. Gold mutual funds and exchange-traded funds (ETFs) are an excellent option for first-time investors due to their low costs and minimal investment requirements. On the MCX, gold futures maturing on February 5, 2024, were trading at Rs 62303 per 10 grammes, up 0.01 percent. On the MCX, silver futures with a March 5, 2024, expiration date were trading 0.00 percent higher at Rs 70774 a kilogramme.

Price of gold in some major cities

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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