Gold Rate Today: Prices tumble! Check current rates in your city from Delhi to Mumbai

Gold Rate Today: India is the world's second-largest consumer of gold, after China. Imports and locally recycled domestic bullion provide the majority of the required quantity of gold. Therefore, in addition to worldwide prices, which are stated in US dollars, other factors that influence domestic gold rates are import tariffs and other levies. Despite the fact that the US dollar rate and bond rates have a significant impact on the price of precious metals, bullion is regarded as an inflation hedge. The following is a list of the current gold prices in major Indian cities.

Gold Rate Today: Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

At the moment, the MCX is trading gold futures with a maturity date of April 5, 2024, and a price of Rs 65634 per 10 grams up by 0.04 percent. The current price of silver futures on the MCX with a maturity date of May 3, 2024 is Rs 75490 per kg, down by 0.01 percent from the previous trade. Investors like to use gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. When gold prices rise, bond yields usually follow suit.

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