Gold Rate Today: Prices of precious metals slip; check current rates in your city in Mumbai before Ganesh Chaturthi

Gold Rate Today: A well-diversified investment portfolio should include gold since it reacts favourably to events that cause paper assets like shares and bonds to depreciate in value. Gold’s worth hasn’t changed over the long term, despite regular short-term price fluctuations. The historical protection that gold has historically offered against inflation and the depreciation of significant currencies makes it an investment that is unquestionably worthwhile. The current price of gold in India is Rs 5,450 per gram for 22k gold and Rs 5,945 per gram for 24k gold, commonly known as 999 gold.

Prices of gold in some major cities

Gold Rate Today: On MCX

Gold has not produced particularly noteworthy returns in recent years. Therefore, it is advised to only buy in order to broaden your options. Gold would increase if any other asset class—such as stocks or real estate—fell. It is considered a safe haven asset as a result. The 10-gram gold futures contract for October 5, 2023’s price on the MCX decreased by 0.17% to Rs 58493. Currently, the value of silver futures with a delivery date of September 5, 2023, is Rs. 70660, up 1.06% from their expiration price of December 5, 2023.

Gold Rate Today: Sovereign Gold Bond Scheme 2023-2024

The Sovereign Gold Bond Scheme 2023–2024 Series II will begin trading on September 11, 2023, and the price per gramme of gold is set at Rs 5,923, according to a statement made by the Reserve Bank of India on behalf of the Government of India. Investors who pay using digital methods receive an additional reduction of Rs. 50 per gramme, increasing the allure of the price to Rs. 5,873.

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.)

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER