Gold Rate Today: For investors, the little decline in gold prices after a significant rise is encouraging news on the eve of Eid. If you wish to invest in precious metals, buy them. Women used to accessorise their clothes with gold jewels for significant events, but those days are long gone. Institutional investors are also drawn to the asset’s long-term profitability and the economy’s erratic growth rate. Additionally, it serves as a diversifier, minimising losses sustained during times of stock market turbulence. One well-known example of a liquid asset that might be useful in trying times is precious metal. A hedge against inflation and currency depreciation is yellow metal.
Gold Rate Today: Checkout the rates on MCX
Gold futures with a June 5, 2024, maturity date and a price of Rs 71183 per 10 grams are currently trading at the MCX after decreasing by 0.22 percent. In contrast, silver futures with a maturity date of May 3, 2024, are currently selling for Rs 82499 per kg, a 0.06 percent increase over the previous contract. As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields.
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 | 66250 |
| Kerala | 66100 |
| Pune | 66100 |
| Lucknow | 66250 |
| Patna | 66250 |
| Nagpur | 66100 |
| Chandigarh | 66100 |
| Surat | 66250 |
| Bhubaneswar | 66250 |
| Mumbai | 66100 |
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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