Gold Rate Today: Prices of Yellow Metal slip, Silver moves up! Check current rates from Mumbai to Lucknow

Gold Rate Today: Gold is a widely used stand-in because of its propensity to appreciate in value in reaction to fluctuations in exchange rates. Gold has shown to be a dependable investment in erratic economic times, often increasing in value when other assets do not. Its value usually stays the same or even rises in an unstable economy. The ongoing devaluation of the US dollar relative to the Indian rupee is one characteristic of the Indian financial sector that sets it apart. Investors may still prefer to go with yellow metal even though the price of gold has recently fallen significantly because of the silver graph, which causes them to second-guess their choice.

Gold Rate Today: Checkout the rates on MCX

On the MCX, gold futures with a maturity date of June 5, 2024 are trading at Rs 71486 per 10 grams, down 0.02 percent. On the other hand, the price of silver futures, which mature on May 3, 2024, increased by 0.08 percent on the MCX and are currently trading at Rs 80745 a kg. Gold’s historically low correlation with other financial assets makes it a preferred hedge by investors against possible economic downturns.

Gold Rate Today: Price of gold as per Good Returns

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