Gold Rate Today: Prices of precious metals increase; Check current rates in your city

Gold Rate Today: Even with the plethora of easily accessible precious metals, gold is still a wise investment. With its high liquidity and propensity to beat inflation, gold is one of the most popular investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold ETFs, and other goods can all be used to buy gold. Still, given the recent surge in the price of yellow metal, you may want to wait a bit before making your next gold investment.

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.

Gold Rate Today: Checkout the rates on MCX

As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.16 percent increase, gold futures with a maturity date of April 5, 2024 and a price of Rs 65698 per 10 grammes are currently trading at the MCX. Conversely, May 3, 2024, maturity date silver futures are now selling at Rs 75861 per kg, up 0.84 percent from the previous 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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