Gold Rate Today: Prices cool down on Karwa Chauth; Check current rates in your city here before buying

Gold Rate Today: Gold mutual funds offer a useful substitute for those who are reluctant to purchase actual gold but yet want some exposure to the precious metal. These funds invest in portfolios of gold stocks, or the shares of gold-mining businesses such as Newmont Mining. One illustration of a senior gold stock is Newmont. A senior is a sizable, profit-making business that has been in operation for a number of years and has a solid financial structure. They often own well-established mines that annually generate known amounts of gold. In India, the cost of 22-karat gold is currently Rs 5,670 per gram, whereas the cost of 24-karat gold is Rs 6,185 per gram.

Gold Rate Today: Price of gold in some major cities

Know about the junior gold stocks

The stock at this level is more speculative. Junior stocks may be exploratory plays with larger potential rewards but higher risk of loss; they are less likely to possess productive mines. The capitalization is probably going to be lower than that of the senior gold stocks. This category of assets is intended for investors who have a higher tolerance for risk and who are willing to forgo potential triple-digit gains in exchange for the possibility of gold-based losses.

Gold Rate Today: On MCX

One of the numerous factors influencing the price of gold and silver in India is the rupee’s value in relation to the US dollar. The global demand for precious metals has a significant impact on fluctuations in their price. Gold futures on the MCX were trading at Rs 61093 per 10 grammes, down barely 0.31 percent, with a maturity date of December 5, 2023. Silver futures, which mature on December 5, 2023, had a price decline of 1.26% and were trading at Rs 71840 per kg on the MCX.

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: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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