- Advertisement -
HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices continue to rise; Should you wait? Check current...

Gold Rate Today: Prices continue to rise; Should you wait? Check current rates in your city here

Gold Rate Today: The days of ladies wearing gold jewellery as a decorative element during festivities are long gone. Even institutional investors are investing in this asset, which generates long-term profits, due to the shifting rate of economic growth. Additionally, it serves as a diversifier, offsetting losses sustained during stock market volatility. One of the well-known liquid assets that is useful in tumultuous times is precious metal. The yellow metal protects against depreciation of currency and inflation. Other than this, the metal performs better when debt and stocks decline in the capital markets. In India, the price of a gram of 22-karat gold is currently Rs 5,545, while a gram of 24-karat gold is Rs 6,049.

Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Today: On MCX

One buys gold for a number of reasons. Some people pass down their gold through the centuries, so keeping it safe is essential. As a kind of future security or during marriages, it can be advantageous. Some people consult knowledgeable financial consultants, who suggest investing in gold. The October 5, 2023, 10-gram gold futures contract on the MCX saw a 1.26 percent increase in price, reaching Rs 59958. The current value of silver futures contracts with delivery dates of September 5, 2023 is Rs. 71820, which represents a increase of 0.35% from the contract’s value on December 5, 2023.

Investors can get gold exposure

Mutual funds and exchange-traded funds are two ways that investors might gain exposure to gold. The price of gold determines the value of funds with the highest direct exposure. The expenditure ratio is a tool used to charge investors for the cost of maintaining physical supplies. There are a few shortcomings: Certain gold funds are not entitled to the lower long-term capital gains rates that apply to stocks since they are categorised as collectibles. Moreover, year after year, the principle may be eroded by the expense ratio as they generate no money.

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.)

Also Read: OPPO F21s Pro VS OPPO F21 PRO: Specifications, features and price compared to facilitate decision making

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOKINSTAGRAM, and TWITTER

Enter Your Email To get daily Newsletter in your inbox

- Advertisement -

Latest Post

Latest News

- Advertisement -