Gold Rate Today: Prices move down! Check current rates in your city from Lucknow to 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. India is the world's second-largest consumer of gold, after China. The majority of the required quantity of gold is provided by imports and domestically recycled bullion. Therefore, domestic gold rates are affected by import tariffs and other levies in addition to worldwide prices, which are stated in US dollars. Even if bond and US dollar rates have a significant impact on precious metals prices, bullion is still seen as an inflation hedge. Here is a list of gold prices in the major Indian cities.

Gold Rate Today: Checkout the rates on MCX

As of right now, the MCX is dealing in gold futures with a maturity date of April 5, 2024, and a price decrease of 0.26 percent to Rs 66020 per 10 grammes. With a maturity date of May 3, 2024, the current price of silver futures on the MCX is Rs 74915 per kg, which is 0.22 percent less than the previous deal. The historically low correlation of gold with other financial assets makes it a popular choice for investors looking to hedge against prospective economic downturns. Bond yields often increase in tandem with increases in gold prices.

Gold Rate Today: Price of gold in some major cities as per Good Returns

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