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.
Gold Rate Today: Checkout the rates on MCX
Following a 0.20 percent increase, gold futures with a maturity date of April 5, 2024 and a price of Rs 65717 per 10 grammes are currently trading at the MCX. Conversely, May 3, 2024, maturity date silver futures are now selling at Rs 75353 per kg, up 0.09 percent from the previous deal. 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.
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 | 60950 |
| Kerala | 60800 |
| Pune | 60800 |
| Lucknow | 60950 |
| Patna | 60950 |
| Nagpur | 60800 |
| Chandigarh | 60800 |
| Surat | 60950 |
| Bhubaneswar | 60950 |
| Mumbai | 60800 |
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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