Gold Rate Today: 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
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 68750 |
| Delhi | 68900 |
| Kerala | 68750 |
| Pune | 68750 |
| Lucknow | 68900 |
| Patna | 68900 |
| Nagpur | 68750 |
| Chandigarh | 68750 |
| Surat | 68900 |
| Bhubaneswar | 68900 |
Gold Rate Update: 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 0.29 percent, gold futures with a August 5, 2024 maturity date are trading at Rs 74490 per 10 grammes on the MCX. The price of silver futures, which mature on September 5, 2024, saw an decrease of 1.42 percent, and are trading at Rs 92527 per kg on the MCX.
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