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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices of Precious Metals Move Up! Should You Wait?

Gold Rate Today: Prices of Precious Metals Move Up! Should You Wait?

The Good Returns states that the current price of gold in India is Rs 7,260 per gram for 24 carat gold and Rs 6,655 per gram for 22 carat gold.

Gold Rate Today: Gold is a common stand-in because it often appreciates in value in reaction to shifts in exchange rates. The price of gold has recently somewhat increased, so you might wish to postpone investing. Its value usually stays the same or even rises in an unstable economy. It means that the bought golden items can surely pay back at any time. The US dollar’s ongoing depreciation versus the Indian rupee is one aspect of the Indian financial sector that sets it apart.

Gold Rate Today: Price of gold as per Good Returns

Name of citiesPrices of 22k gold in rupees
Mumbai66550
Delhi66700
Kerala66550
Pune66550
Lucknow66700
Patna66700
Nagpur66550
Chandigarh66550
Surat66700
Bhubaneswar66700

Checkout the rates on MCX

Gold futures with a June 5, 2024 maturity date and are trading at Rs 71640 per 10 grams on the MCX. It is up by 0.20 percent from the previous close. However, the MCX saw a 0.03 percent increase in the price of silver futures, which mature on July 5, 2024, and are trading at Rs 82523 per kg. Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets.

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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