Gold Rate Today: Despite the abundance of readily available precious metals, gold remains a prudent investment. Gold is one of the most well-liked investment options in India due to its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other products. However, considering the recent spike in the price of yellow metal, you might want to hold off on making your next gold investment for a little while.
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 | 64250 |
| Kerala | 64100 |
| Pune | 64100 |
| Lucknow | 64250 |
| Patna | 64250 |
| Nagpur | 64100 |
| Chandigarh | 64100 |
| Surat | 64250 |
| Bhubaneswar | 64250 |
| Mumbai | 64100 |
According to Money Control, the gold rate of 22 carat in Dehradun is Rs 65100 today, whereas the same for the capital city of Jharkhand ( Ranchi) is 65700 rupees.
Gold Rate Today: Checkout the rates on MCX
Following a 0.77 percent increase, gold futures with a maturity date of June 5, 2024 and a price of Rs 69459 per 10 grammes are currently trading at the MCX. Conversely, May 3, 2024, maturity date silver futures are now selling at Rs 78398 per kg, up 1.77 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.
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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