Gold Rate Today: Prices of yellow metal increase, silver moves down; Check current rates in your city

Gold Rate Today: Even with so many easily accessible precious metals, gold is still a wise investment. With its high liquidity and propensity to beat inflation, gold is one of the most popular investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold ETFs, and other goods can all be used to buy gold. On the other hand, because the price of yellow metal has somewhat climbed, you can temporarily stop investing in gold. The current price of gold in India, according to the Good Returns, is Rs 6,180 per gram for 22-karat gold and Rs 6,742 per gram for 24-karat gold.

Price of gold in some major cities as per Good Returns

Gold Rate Today: Checkout the rates on MCX

Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.27 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 65929 per 10 gram are currently trading at the MCX. On the MCX, silver futures with a May 3, 2024 maturity date are currently trading at Rs 74766 per kg, up 0.73 percent from the previous transaction.

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