Gold Rate Today: Prices of precious metals move up ahead of Diwali; check current rates in your city here

Gold Rate Today: Diwali is coming prices of precious metals is increasing. Everyone wants to buy something like ornaments made from gold or silver or the golden statue of goddess Lakshmi but if you also want to do so then you may have to wait for sometime because as of now the prices of both gold and silver are increasing. The prices may decrease soon. A diversified investment portfolio should include gold since it responds favourably to events that cause paper investments, like bonds and shares, to lose value. Although the price of gold can change over time, it has always remained valuable in the long run. The rupee’s value vs the US dollar is one of the many factors affecting the price of gold and silver in India. Precious metal price changes are largely determined by the demand for these materials around the world. In India, the price of a gram of 22-karat gold is currently Rs 5,741, while a gram of 24-karat gold is Rs 6,263.

Price of gold in some major cities

Gold Rate Today: On MCX

On the MCX, the price of a 10-gram gold futures contract for October 5, 2023 jumped by 0.51 percent to Rs 61260. Silver futures contracts with delivery dates of September 5, 2023 are currently valued Rs. 71802, or 0.31% more than the contract’s value on December 5, 2023. There are various methods in India for determining the purity of gold. One of the most regularly used procedures for checking gold is the magnetic approach. This approach is widely acknowledged to be far more practical than others, such as acid. Consider carrying acid about in order to do an acid test.

This is how you can determine the purity of gold

If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.

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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