Gold Rate Today: Prices of precious metals move down South! Should you buy now?

Gold Rate Today: This would be a great moment to buy decorations made of these metals, given the recent minor drops in price of each precious metal. Both historically and presently, gold has been the most widely utilised form of money worldwide. Generally speaking, there are three choices available to investors looking to directly invest in gold: trading commodities futures and options, purchasing the metal itself, or purchasing shares of a mutual fund or exchange-traded fund (ETF) that tracks the price of gold. For example, inexperienced investors would buy gold coins, whereas seasoned investors might use strategies involving options on gold futures. In India, the price of a gram of 22-karat gold is currently Rs 5,760, and a gram of 24-karat gold is Rs 6,284.

Gold Rate Update: Checkout the rates on MCX

Gold futures with an April 5, 2024, maturity date of Rs 62155 per 10 grammes are currently trading at the MCX following a 0.30 percent loss. Silver futures maturing on March 5, 2024, are now selling at Rs 69487 per kg on the MCX, down 1.41 percent from the previous trade. Due to its historically low correlation with other financial assets, gold is a hedge against future economic downturns that is popular among investors. Bond yields typically decrease in response to rising gold prices.

Gold rates in major cities

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 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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