Gold Rate Today: Precious metals move up! Check current rates from Dehradun to Lucknow and Mumbai

Gold Rate Today: The Good Returns states that the current price of gold in India is Rs 6,693 per gram for 24 carat gold and Rs 6,135 per gram for 22 carat gold. Despite the abundance of readily available precious metals, gold remains a prudent investment. Gold is one of the most well-liked investment options in India due to its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other products. However, considering the recent spike in the price of yellow metal, you might want to hold off on making your next gold investment for a little while.

Gold Rate Today: Checkout the rates on MCX

As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.39 percent increase, gold futures with a maturity date of April 5, 2024 and a price of Rs 66375 per 10 grammes are currently trading at the MCX. Conversely, May 3, 2024, maturity date silver futures are now selling at Rs 74624 per kg, up 0.14 percent from the previous deal.

Price of gold in some major cities

The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.

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 or it’s writer 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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