Gold Rate Today: One of the most sought-after investments during unrest is gold, a precious metal. Around the world, investments in precious metals have increased year over year. The days when ladies wore gold as an ornamental metal to celebrate special occasions are long gone. Even institutional investors have been compelled to participate in this asset, which serves as a source of long-term returns, due to the shifting speed of economic growth. The current price of gold in India is Rs 5,515 per gram for 22k gold and Rs 6,016 per gram for 24k gold, commonly known as 999 gold.
Gold Rate Today in some major cities
| Name of cities | Price of 24k gold in rupees |
| Delhi | 60,310 |
| Kolkata | 60,160 |
| Hyderabad | 60,160 |
| Pune | 60,160 |
| Vadodara | 60,210 |
| Jaipur | 60,310 |
| Coimbatore | 60,490 |
| Cuttack | 60,160 |
| Davanagere | 60,160 |
| Gurgaon | 60,310 |
| Ghaziabad | 60,310 |
Prices of gold and silver on MCX
The price of the 10-gram gold futures contract that expires on October 5, 2023 on the MCX decreased by 0.25 percent to Rs 59243. Silver futures with a December 5, 2023, expiration date are now priced at Rs. 73489 for delivery on September 5, 2023, which is a decrease of 1.38% from their previous price. Carats, with 24 being the purest, are used to measure the purity of gold. 24K gold is elastic and liquid and needs to be alloyed with other metals to make it stronger. For instance, 22 parts gold and 2 parts other metals make up 91.6 percent of 22k gold. Gold’s price is influenced by its purity.
Imports of gold in India
At one point, if you were entering the country from overseas, the only thing you loved to bring with you was gold. Getting gold into the country is not as exciting these days. In the event that you decide to purchase the precious metal, there are a few things you should bear in mind. You are not allowed to import any gold worth more than Rs 50,000 if you are a male traveller. However, female passengers can purchase gold worth up to around Rs 1 lakh.
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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