Gold Rate Today: There are several ways to purchase gold. Investors ought to consider the options available to them in their market in addition to the type of investment that best meets their goals. For Eid, a lot of individuals purchase ornaments made of gold and silver as gifts for their friends and family. However, since the cost of yellow metal has somewhat increased, you might need to wait a while. An increasingly common way to enter the gold market is through Internet Investment Gold (IIG). Investors can acquire actual gold online with Internet Investment Gold, have it held in reliable vaults, and get it when needed. Internet investment is therefore very convenient as well.
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 cities | Prices of 22k gold in rupees |
| Delhi | 63500 |
| Kerala | 63350 |
| Pune | 63350 |
| Lucknow | 63500 |
| Patna | 63500 |
| Nagpur | 63350 |
| Chandigarh | 63350 |
| Surat | 63500 |
| Bhubaneswar | 63500 |
| Mumbai | 63350 |
Gold Rate Today: Checkout the rates on MCX
Gold futures with a maturity date of June 5, 2024, and a price of Rs 68745 per 10 grams are presently trading at the MCX after rising 0.61 percent just before Eid. On the other hand, silver futures with a maturity date of May 3, 2024, are currently trading at Rs 76935 per kg, down 1.86 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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