Gold Rate Today: Prices of precious metals increase; Check current rates in your city

Gold Rate Today: Even with so many easily accessible precious metals, gold is still a wise investment. With its high liquidity and propensity to beat inflation, gold is one of the most popular investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold ETFs and other goods can all be used to buy gold. On the other hand, because the price of yellow metal has somewhat climbed, you may wait temporarily to re-invest in gold. According to IBJA, the price of one gram of 24-karat gold is currently Rs 6496 in India.

Gold Rate Today: Checkout the rates on MCX

Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Following a 1.28 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 66246 per 10 gram are currently trading at the MCX. Whereas silver futures with a May 3, 2024 maturity date and are currently trading at Rs 74506 per kg, up 0.26 percent from the previous transaction.

Price of gold in some major cities

The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.

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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