- Advertisement -
HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Should You Buy Jewellery for Your Partner This Valentine...

Gold Rate Today: Should You Buy Jewellery for Your Partner This Valentine Day? Check the Rates

In India, the price of a gram of 22-karat gold is currently Rs 5,775, while a gram of 24-karat gold is Rs 6,300.

Gold Rate Today: In volatile economic times, gold has always proven to be a reliable investment, frequently appreciating in value when other assets do not. In an unstable economy, its value typically remains the same or even increases. One feature of the Indian financial environment that makes it unique is the US dollar’s continuous depreciation against the Indian rupee. Because gold tends to increase in value in response to changes in exchange rates, it is a popular stand-in. You might wish to put off investing because gold has recently seen a slight boost in price.

From today onwards, the Valentine week has been started. If you want to buy the precious metals to gift to your beloved ones on this valentine week, then you can get the current and previous day rates here . It gives a rough idea of whether the rate of precious metals decreased or increased and then accordingly you can buy.

Why is gold seen as an asset that pays dividends?

Gold equities are typically more appealing to growth investors than to income investors. Even at times when gold prices are declining, some successful mining firms continue to operate. This is true even if the price of gold usually fluctuates along with gold stocks. Rising gold prices are often mirrored in gold stocks. Owners of gold stocks typically receive a considerably higher return on investment (ROI) than owners of real gold, and the finest gold equities can see significant returns with only a minor price increase. Investors who value growth above steady income may find it beneficial to choose gold stocks with a strong dividend history. Dividend-paying equities usually show higher gains during an industry expansion, and they outperform non-dividend-paying stocks during a downturn.

Gold Rate Update: Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Update: Checkout the rates on MCX

The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. With a slight increase of 0.35 percent, gold futures with a February 5, 2024 maturity date were trading at Rs 62535 per 10 grams on the MCX. The price of silver futures, which mature on March 5, 2024, saw an increase of 0.16 percent, and were trading at Rs 70595 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.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOKINSTAGRAM, and TWITTER

Enter Your Email To get daily Newsletter in your inbox

- Advertisement -

Latest Post

Latest News

- Advertisement -