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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices increase on Dhanteras; Check current rates in your...

Gold Rate Today: Prices increase on Dhanteras; Check current rates in your city before heading to the market

Prices for 22-karat and 24-karat gold in India are currently Rs 5,570 and Rs 6,076 per gram, respectively.

Gold Rate Today: One of the most well-liked investment goods worldwide, particularly in India, is gold. The price of gold varies, just like that of other financial assets. Buying gold things is a popular purchase during festivals, especially on the auspicious day of Dhanteras. Thus, before purchasing such metals, buyers wait for the low prices. However, since a few days ago, the price of precious metals has been rising steadily. If prices drop and there are any attractive offers, waiting until Dhanteras to purchase gold at a reduced cost could prove advantageous for purchasers. In India, the cost of 22-karat gold is currently Rs 5,570 per gram, whereas the cost of 24-karat gold is Rs 6,076 per gram.

Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Checkout the rates on MCX

On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 60,288 per 10 grams, following a slight increased of 0.46 percent. Likewise, December 5, 2023, maturing silver futures saw a increased of 0.81 percent, and were trading at Rs 71628 a kg on the MCX. There are several uses for purchasing gold. Because some individuals pass their gold down for years, it’s crucial to keep it safe. It might serve as a kind of future security or be beneficial throughout marriages. Some people consult with knowledgeable financial consultants, who suggest gold investments.

Gold Rate Today: Beware of doing this while buying an ornament

Occasionally, people purchase gold designs that include coloured stones, pearls, synthetic diamonds, etc. if they do not ask the jeweller to subtract the weight of the stones from the gold item. Jewellers often charge you between Rs. 400 and Rs. 500 per gramme, which is roughly 15% to 20% of the price of the gold they sell. However, in actuality, these fees only amount to 200 per gramme.

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.)

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