Gold Rate Today: Gold typically loses value when exchange rates shift, which is why it’s used as a stand-in so frequently. Given the recent decline in the price of gold, you might want to invest right away or hold off until the next market update on gold rates. In unpredictable economic situations, gold has shown to be a reliable investment throughout history, frequently appreciating in value when other assets do not. In an uncertain economy, its value usually stays the same or even increases. One feature that distinguishes the Indian financial sector from others is the ongoing depreciation of the US dollar relative to the Indian rupee.
Gold Rate Today: Price of gold as per Good Returns
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 66250 |
| Delhi | 66400 |
| Kerala | 66250 |
| Pune | 66250 |
| Lucknow | 66400 |
| Patna | 66400 |
| Nagpur | 66250 |
| Chandigarh | 66250 |
| Surat | 66400 |
| Bhubaneswar | 66400 |
Checkout the rates on MCX
On the MCX, gold futures with a August 5, 2024, maturity date are presently selling for Rs 71596 per 10 grams. There has been a fall of 0.27 percent from the previous closing. On the MCX, silver futures with a maturity date of July 5, 2024, are currently trading for Rs 87901 per kilogram. It’s down by 1.23 percent from its previous value.Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns.
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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