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

Gold Rate Today: Gold continues to be a prudent investment despite the abundance of readily available precious metals. Gold is one of the most well-liked investment options in India due to its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other products. However, you can temporarily stop investing in gold because the price of yellow metal has somewhat increased.

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 0.03 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 66041 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 74509 per kg, down 0.55 percent from the previous transaction.

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