Gold Rate Today: Prices of precious metals climb up on Bhai Dooj; check current rates in your city here

Gold Rate Today: Following Diwali, we are approaching Bhai Dooj, the celebration of brother and sister. During these holidays, everyone wishes to offer their sister a priceless gift, such as jewellery made of gold or silver. However, in order to save some money, everyone waits for these metals' prices to drop. If you would also like to give your sister something made of gold or silver, you might wait for a favourable moment when the prices of these metals drop. The cost of both metals has increased as of right now. In India, the price of a gram of 22-karat gold is currently Rs 5,555, while a gram of 24-karat gold is Rs 6,060.

Price of gold in some major cities

Checkout the rates on MCX

Purchasing gold has several benefits. Since some individuals pass gold down for years, it's imperative to keep it secure. It could be useful for weddings or serve as a kind of insurance policy. Some people consult with knowledgeable financial consultants, who suggest gold investments. Following a minor increase of 0.47 percent, gold futures with a December 5, 2023, maturity date were trading at Rs 60126 per 10 grammes on the MCX. On the other side, maturing silver futures suffered a 2.51 percent up on December 5, 2023, and were trading on the MCX at Rs 71610 a kilogramme.

Gold Rate Today: Beware of doing this while buying an ornament

Occasionally, people purchase gold designs that include coloured stones, pearls, synthetic diamonds, etc. if they do not ask the jeweller to subtract the weight of the stones from the gold item. Jewellers often charge you between Rs. 400 and Rs. 500 per gramme, which is roughly 15% to 20% of the price of the gold they sell. However, in actuality, these fees only amount to 200 per gramme.

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