Gold Rate Today: Mutual funds and exchange-traded funds (ETFs) make it simple and safe to invest in gold. Because each share of these securities reflects a fixed amount of gold, you can easily buy or sell them in your retirement or brokerage account. Because of their low expenses and minimal investment criteria, gold mutual funds and ETFs are suitable for first-time investors. Gold is now priced at Rs 5,595 per gram for 22 karat gold and Rs 6,104 per gram for 24 karat gold in India.
Gold Rate Today: Gold is observable
Due to the fact that gold is one of the few tangible assets, investors tend to view it as safe. Compared to other physical investments like real estate, buying gold is simpler. Additionally, gold is unaffected by hacking and other misuses due to its tangibility, whereas digital assets are vulnerable to these issues. It does, however, carry some risk. Thus, keep these in mind.
Price of gold in some major cities
|Name of cities||Prices of 22k gold in rupees|
Checkout the rates on MCX
Gold investments can be liquidated much faster than other physical assets such as real estate. Gold investments, with the exception of sovereign gold bonds, have no lock-in period. The redemption amount for genuine gold will vary depending on the purity, market value, and other considerations. Gold futures with a December 5, 2023, maturity date were trading at Rs 60820 per 10 grammes on the MCX after a slight increase of 1.18 percent. Conversely, on December 5, 2023, maturing silver futures saw a 1.82% increase and were selling at Rs 73689 per kilogramme on the MCX.
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