HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices of yellow metal increase before Eid, should you...

Gold Rate Today: Prices of yellow metal increase before Eid, should you wait?

The Good Returns states that the current price of gold in India is Rs 6,873 per gram for 24 carat gold and Rs 6,300 per gram for 22 carat gold.

Gold Rate Today: Buying gold can be done in a variety of ways. Investors want to think about their market’s alternatives as well as the kind of investment that best suits their needs. Many people are buying gifts for their family members and friends for the Eid in the form of ornaments made of gold and silver. But for you may wait for sometime because the prices of yellow metal has somewhat increased. Internet Investment Gold (IIG) is becoming a more popular means of entering the gold market. Online gold purchases made through Internet Investment Gold enable investors to purchase physical gold, have it stored in reputable vaults, and retrieve it when needed. Therefore, in addition to being incredibly handy, Internet Investment Gold offers advantages including outright physical gold ownership and exposure to gold as an asset class.

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.

Name of citiesPrices of 22k gold in rupees

Gold Rate Today: Checkout the rates on MCX

Gold futures with a maturity date of April 5, 2024, and a price of Rs 67800 per 10 grams are presently trading at the MCX after rising 0.18 percent just before Eid. On the other hand, silver futures with a maturity date of May 3, 2024, are currently trading at Rs 75044 per kg, down 0.01 percent from the last deal. Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices.

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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