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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices of Precious Metals Move up North! Should You...

Gold Rate Today: Prices of Precious Metals Move up North! Should You Wait

In India, the price of a gram of 22-karat gold is currently Rs 5,759, while a gram of 24-karat gold is Rs 6,283.

Gold Rate Today: Gold has always shown to be a dependable investment during uncertain economic times, often increasing in value when other assets do not. Its value usually stays the same or even rises in an unstable economy. The US dollar’s ongoing depreciation versus the Indian rupee is one aspect of the Indian financial sector that sets it apart. Gold is a common stand-in because it often appreciates in value in reaction to shifts in exchange rates. Given that the price of gold has recently somewhat increased, you might wish to postpone investing.

Gold Rate Today: Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Today: Checkout the rates on MCX

Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.63 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 62642 per 10 gram are currently trading at the MCX. On the MCX, silver futures with a March 5, 2024 maturity date are currently trading at Rs 71513 per kg, up 1.05 percent from the previous transaction.

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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