Gold Rate Today: The price of gold has just increased slightly, so you might want to postpone investing. Gold is a dependable investment in uncertain economic times; it often appreciates in value when other assets do not. It usually keeps its worth the same or even rises in an unstable economy. The ongoing decline of the US dollar relative to the Indian rupee is one aspect of the Indian financial environment that sets it apart. Gold is a widely used stand-in because it has a tendency to appreciate in value in reaction to fluctuations in exchange rates. In India, the cost of 22-karat gold is currently Rs 5,790 per gram, while the cost of 24-karat gold is Rs 6,316 per gram.
Gold Rate Today: Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57900 |
| Delhi | 58050 |
| Kerala | 57900 |
| Pune | 57900 |
| Lucknow | 58050 |
| Patna | 58050 |
| Nagpur | 57900 |
| Chandigarh | 57900 |
| Surat | 58050 |
| Bhubaneswar | 58050 |
Gold Rate Today: Checkout the rates on MCX
Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.64 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 62969 per 10 gram are currently trading at the MCX. On the MCX, silver futures with a March 5, 2024 maturity date are currently trading at Rs 71661 per kg, up 0.54 percent from the previous transaction.
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