Gold Rate Today: Prices of yellow metal increase, silver dips; Should you wait?

Gold Rate Today: The gold rates that apply right now in your city are listed below based on Good Returns. India's most favoured investment option for a very long time has been gold. This is partially due to the fact that gold investments appreciate and can even increase in value during uncertain economic times. Furthermore, gold investing in India might be a fantastic way to diversify your portfolio and protect you against inflation. Gold investment in India is no longer restricted to purchasing gold in physical form, thanks to the abundance of possibilities accessible today.

Price of gold in some major cities

The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.

Gold Rate Today: Checkout the rates on MCX

After increasing 0.03 percent shortly, gold futures with a maturity date of June 5, 2024 and a price of Rs 72702 per 10 grammes are currently trading at the MCX. However, silver futures with a May 3, 2024, maturity date are currently selling at Rs 83251 per kilogramme, down 0.03 percent from the previous transaction. Investors like to use gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. When gold prices rise, bond yields usually follow suit.

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 or it’s writer 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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