Gold Rate Today: India is the world’s second-largest consumer of gold after China. Imports and locally recycled domestic bullion provide the majority of the required quantity of gold. Therefore, in addition to international prices, which are expressed in US dollars, additional factors that influence domestic gold rates are import tariffs and other levies. Although the US dollar rate and bond rates have a significant impact on the price of precious metals, bullion is thought to be an inflation hedge. Here is a list of the current gold prices in major Indian cities.
Gold Rate Today: Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 60100 |
| Delhi | 60250 |
| Kerala | 60100 |
| Pune | 60100 |
| Lucknow | 60250 |
| Patna | 60250 |
| Nagpur | 60100 |
| Chandigarh | 60100 |
| Surat | 60250 |
| Bhubaneswar | 60250 |
Gold Rate Today: Checkout the rates on MCX
Gold futures with a maturity date of April 5, 2024 and a price of Rs 65301 per 10 grams are presently trading at the MCX after rising 0.19 percent. Silver futures with a maturity date of May 3, 2024 are currently selling at Rs 74403 per kg on the MCX, up 0.36 percent from the previous trade. 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.
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