Gold Rate Today: Prices of yellow metal continues to rise, know the latest rates in your city here

Gold Rate Today: The second week of January saw a continuation of the bullish trend in gold as the metal continued to draw investors with its safe-haven appeal and positive outlook for the next year despite the worrying state of the world economy.

Important central bankers have aggressively raised interest rates to rein in spiralling inflation. Despite some reduction in inflationary pressure, overall inflation readings remain high and far beyond the central banks' considered objective levels.

That demonstrates a perilous scenario for the risk assets, therefore investors keep adding gold to their portfolios as insurance.

The fact that China's Central Bank purchased 32 tonnes of gold in December, buying gold for a second consecutive month, has further encouraged gold bulls.

Indian Major Cities Gold Rates Today

What's happening on the MCX, according to the gold rate today?

The higher purity 24-carat gold is typically the most widely used gold rate for trade and futures. As a result, when we discuss the price of gold in today's financial markets, we are referring to 24-carat gold. Similar to this, when we discuss the gold rate for jewellery today, we are referring to 22-carat gold, which is not typically traded on financial exchanges.

Today 22 Carat Gold Price Per Gram in India (INR)

Today 24 Carat Gold Price Per Gram in India (INR)

The approximate retail selling rates for gold jewellery from IBJA

• Fine Gold (999):₹ 5646
• 22 KT:₹ 5511
• 20 KT:₹ 5025
• 18 KT:₹ 4573
• 14 KT:₹ 3642

Here’s how to know the latest price of gold by giving a missed call

You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.

This is how you can determine the purity of gold

If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.

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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