Gold Rate Today: Prices of yellow metal increase, silver moves down; Checkout rates from Mumbai to Dehradun

Gold Rate Today: In India, the price of a gram of 22-karat gold is currently Rs 5,735, while a gram of 24-karat gold is Rs 6,256. Gold has consistently shown to be a secure investment in shaky economic times, frequently appreciating in value when other assets do. In an unstable economy, its value usually remains the same or even increases. One feature of the Indian financial environment that makes it unique is the US dollar's continuous depreciation against the Indian rupee. Because of this, gold has become more and more popular as a stand-in because of its tendency to increase in value in response to changes in exchange rates. You might want to put off investing because gold has recently seen a slight boost in price.

Gold Rate Today: Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. With a slight increase of 0.27 percent, gold futures with a February 5, 2024 maturity date were trading at Rs 62173 per 10 grammes on the MCX. The price of silver futures, which mature on March 5, 2024, saw an decrease of 0.09 percent, and were trading at Rs 71244 per kg on the MCX.

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