Gold Rate Today: Gold prices can be impacted by demand, interest rates, state taxes, gold dealers, shipping expenses, and manufacturing costs. India is one of the numerous nations where gold is a well-liked investment asset. As with other financial assets, the value of gold fluctuates. The current price of gold in India is Rs 5,500 per gram for 22k gold and Rs 6,000 per gram for 24k gold, commonly known as 999 gold.
Prices of gold in major cities
| Name of cities | Price of 24k gold in rupees |
| Mumbai | 60,000 |
| Delhi | 60,200 |
| Kolkata | 60,000 |
| Bangalore | 60,000 |
| Hyderabad | 60,000 |
| Kerala | 60,000 |
| Pune | 60,000 |
| Ahmedabad | 60,050 |
| Lucknow | 60,200 |
| Madurai | 60,330 |
| Patna | 60,050 |
| Nagpur | 60,000 |
| Chandigarh | 60,200 |
| Surat | 60,050 |
Gold Rate Today: On MCX
Gold has not given exceptionally impressive returns in recent years. As a result, it is best to buy only to broaden your selection. Gold would rise if any other asset class decreased, such as equities or real estate. As a result, it is regarded as a haven asset. On the MCX, the price of the 10-gram gold futures contract decreased by 0.17% percent to Rs 59140, maturing on October 5, 2023. Meanwhile, silver futures expiring on December 5, 2023 are currently priced at Rs. 72574 for delivery on September 5, 2023, a 1.19% decrease.
Checkout the purity of gold
Before buying gold, evaluate its purity, which is measured in carats, with 24 carats being the purest. 24K gold is pliable and liquid, and to become stronger, it must be alloyed with other metals. For example, 22k gold is made up of 22 parts gold (91.6 percent) and 2 parts other metals. The purer the gold, the higher the price.
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.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
