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

Gold Rate Today: Even with the abundance of readily available precious metals, gold remains a great investment. Gold is one of the most popular investment options in India because of 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. On the other hand, you can temporarily stop investing in gold because the price of yellow metal has somewhat increased. In India, the price of a gram of 22-karat gold is currently Rs 5,875, while a gram of 24-karat gold is Rs 6,409.

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 0.06 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 63600 per 10 gram are currently trading at the MCX. On the MCX, silver futures with a March 5, 2024 maturity date are currently trading at Rs 72272 per kg, up 0.01 percent from the previous transaction.

Price of gold in some major cities

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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