Gold Rate Today: Prices of precious metals climb up! Check current rates in your city From Dehradun to Mumbai

Gold Rate Today: After China, India is the world's second-largest consumer of gold. The majority of the required quantity of gold is supplied by imports and locally recycled domestic bullion. Therefore, factors that affect domestic gold rates include import duties and other levies in addition to worldwide prices, which are expressed in US dollars. In India, the cost of 22-karat gold is currently Rs 5,945 per gram, whereas 24-karat gold is priced at Rs 6,485 per gram. Although bond yields and the US dollar rate are important factors that affect the price of precious metals, bullion is perceived as a hedge against inflation. The current gold prices in key Indian cities are listed here.

Gold Rate Today: Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices. Gold futures with a maturity date of April 5, 2024 and a price of Rs 64875 per 10 grams are presently trading at the MCX after rising 0.64 percent. Silver futures with a maturity date of March 5, 2024 are currently selling at Rs 73755 per kg on the MCX, up 0.39 percent from the previous trade.

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