Gold Rate Today: Prices of Precious Metals Move Up! Check Current Rates in Your City From Lucknow to Mumbai

Gold Rate Today: Investors frequently look to gold as a safe haven when financial crises throw the markets into a loop, such as the collapse of Silicon Valley Bank. Gold is a stable asset with a track record of growth that appeals to certain investors in light of the high rate of inflation and the stock market's record highs. Gold is a popular commodity among investors for a variety of reasons, and it has qualities that set it apart from more conventional assets like bonds and stocks. Some regard gold as a hedge against inflation, while others view it as a store of wealth despite the fact that it is an asset that does not generate cash flow. Here we have mentioned the current price of gold in some major cities according to the Good Returns.

Gold prices on MCX

On the MCX, gold futures with a June 5, 2024, maturity date and are presently going for Rs 71423 per 10 grams. It is up by 0.29 percent. Conversely, the MCX is currently offering Silver futures, which mature on May 3, 2024, for Rs 80704 a kilogram. There is an increase of 0.02 percent from their previous trading price. Although actual delivery is not what drives speculators, gold futures are a fantastic opportunity to bet on the price of gold growing (or decreasing). You could even take physical delivery of gold if you so desired. Buying gold in bars or coins, like the ones you can get at Costco, is one of the more fulfilling ways to possess the metal emotionally.

Gold Rate Today: Price of gold as per Good Returns

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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