Gold Rate Today: Gold continues to be a prudent investment despite the abundance of readily available precious metals. Gold is one of the most well-liked investment options in India due to its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other products. However, because the price of yellow metal has somewhat increased, you might want to postpone your next gold investment for a while.
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.
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 60500 |
| Kerala | 60350 |
| Pune | 60350 |
| Lucknow | 60500 |
| Patna | 60500 |
| Nagpur | 60350 |
| Chandigarh | 60350 |
| Surat | 60500 |
| Bhubaneswar | 60500 |
| Mumbai | 60350 |
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 65781 per 10 grammes are presently trading at the MCX after rising 0.46 percent. On the other hand, silver futures with a maturity date of May 3, 2024, are currently trading at Rs 74531 per kg, up 0.92 percent from the last deal.
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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