Gold Rate Today: Indians invest in gold, primarily through jewelry, to secure their financial future. Gold purchases serve as a safety net and a means to achieve long-term financial objectives. Investors can choose between physical gold and paper gold, with various options within each. However, investors weigh the timing, considering whether to buy now despite a slight price increase or wait for a potential price drop before investing.
Gold Rate Update: On MCX
Gold futures on the MCX are trading up 0.21% at Rs 69,850 per 10 grams for the October 5, 2024, maturity date. Meanwhile, silver futures for September 5, 2024, have dipped 0.04% to Rs 80,510 per kilogram. Gold’s tangible nature makes it an attractive safe-haven asset, but investing in it is more intricate than other physical assets. While gold’s physicality safeguards against digital risks, it also comes with notable risks that investors must consider.
Price of gold in some major cities
The following rates of 22 carat gold of different cities are listed below as per the data of Good Returns.
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 64450 |
| Delhi | 64460 |
| Kerala | 64450 |
| Pune | 64450 |
| Lucknow | 64460 |
| Patna | 64460 |
| Nagpur | 64450 |
| Chandigarh | 64450 |
| Surat | 64460 |
| Bhubaneswar | 64460 |
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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