Gold Rate Today: Prices cool after Lok Sabha Election Result 2024! Is This the Right Time to Buy?

Gold Rate Today: Gold is supposed to act as a safe instrument during market downturns because its price often doesn't change with market prices. As a result, investing in gold might be risky as well because historical data indicates that its price fluctuates, particularly during times of robust market performance. Investors frequently turn to gold when market anxiety makes them believe that stock prices may drop.Due to its low correlation with equity markets, which reduces portfolio volatility and raises risk-adjusted returns, gold is a good diversification tool. Here, we've included the current gold prices in a few significant cities.

Gold Rate Today: Price of gold as per Good Returns

We’ve included the price of gold in a few major cities here, based on Good Returns.

Checkout the rates on MCX

On the MCX, gold futures with a June 5, 2024, maturity date and are presently trading for Rs 71720 per 10 grams. There has been a decrease of 0.67 percent from the previous closure. On the MCX, silver futures with a maturity date of July 5, 2024, are currently trading for Rs 89521 per kilogram. They are now worth 2.73% less than they were before.

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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