Gold Rate Today: Prices move up; Check current rates in your city before stepping out

Gold Rate Today: Due to its propensity to increase in value when living costs rise, gold has historically been a superb inflation hedge. Investors have observed the stock market crash and rising gold prices during the previous 50 years, even during times of rising inflation. This is due to the fact that since gold is typically priced in fiat currency units, everything tends to expand at the same time that fiat money loses its purchasing power as a result of inflation. The current price of gold in India is Rs 5,470 per gram for 22k, and Rs 5,967 per gram for 24k, commonly known as 999 gold.

Gold Rate Today: On MCX

Gold has consistently been demonstrated to be the best inflation hedge. Now more than ever, investors view gold as a significant investment. The cost of the October 5, 2023 expiring 10-gram gold futures contract increased 0.86 percent to Rs. 59092 on the MCX. Priced at Rs. 72425 for delivery on September 5, 2023, silver futures with a December 5, 2023, expiration date are down 2.03% from their previous price. 

Price of gold in some major cities

Here’s how to check the gold purity

Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain about it.

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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