Gold Rate Today: Prices of Yellow Metal Slip, Silver Moves Up! Should You Buy Now

Gold Rate Today: People are looking forward to the upcoming festivals and purchasing gifts and other things because there are so many platforms giving huge discounts and other incentives. Furthermore, considering the slight drop in the price of silver and gold, it can be a good time to buy decorations made of these precious metals. From ancient times till the present, gold has been the preferred form of money over the globe. Investing in gold is mostly done as a hedge against inflation and political unpredictability because of its low correlations with other instruments.

Gold Rate Today: Checkout the rates on MCX

Gold is a well-liked option among investors as a hedge against future economic downturns due to its historically low correlation with other financial assets. Bond yields often decrease as gold prices rise. Gold futures with a 0.01 percent decrease and a maturity date of April 5, 2024, are currently trading at the MCX for Rs 66019 per 10 grams. However, silver futures with a May 3, 2024, maturity date are currently selling at Rs 74280 a kg, up 0.02 percent from the previous transaction.

Gold Rate Today: Price of gold in some major cities

The rates of gold of 22 karat in different cities of the nation are mentioned here. According to Good Returns, the rates are as follows.

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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