Gold Rate Today: Gold’s historical use as an inflation hedge is one reason it has remained a well-liked asset. Additionally, gold can aid with portfolio diversification. Owing to this unquenchable need, a variety of gold investment options have been made available over time, including mutual funds, exchange-traded funds (ETFs), digital gold, minted products (coins and bars), and gold bonds. Every solution has benefits and cons of its own. While gold ETFs and bonds have custodian hazards and other risks not associated with physical gold, physical gold is subject to theft and burglary risks. Check out the changed rates of 22 carat gold in different cities below.
Gold Rate Today: Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 63900 |
| Delhi | 64050 |
| Kerala | 63900 |
| Pune | 63900 |
| Lucknow | 64050 |
| Patna | 64050 |
| Nagpur | 63900 |
| Chandigarh | 63900 |
| Surat | 64050 |
| Bhubaneswar | 64050 |
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. However rising gold prices usually result in lower bond yields. With a slight decrease of 0.55 percent, gold futures with a October 5, 2024 maturity date are trading at Rs 68925 per 10 grams on the MCX. The price of silver futures, which mature on September 5, 2024, see a decrease of 0.06 percent, and are trading at Rs 79550 per kg on the MCX.
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