Gold Rate Today: Gold prices can be impacted by demand, interest rates, gold dealers and manufacturing fees. In recent years, gold hasn’t produced particularly outstanding returns. Therefore, it is preferable to merely buy in order to increase your options. Any other asset type, such as shares or real estate, would fall if gold increased. It is therefore viewed as a haven asset. The current price of gold in India is Rs 5,530 per gram for 22k gold and Rs 6,032 per gram for 24k gold, commonly known as 999 gold.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees | Prices of 24k gold in rupees |
| Chennai | 55,600 | 60,650 |
| Mumbai | 55,300 | 60,320 |
| Delhi | 55,450 | 60,470 |
| Bangalore | 55,300 | 60,320 |
| Madurai | 55,600 | 60,650 |
| Vijayawada | 55,300 | 60,320 |
| Nagpur | 55,300 | 60,320 |
| Surat | 55,350 | 60,370 |
| Bhubaneswar | 55,300 | 60,320 |
| Visakhapatnam | 55,300 | 60,320 |
| Nashik | 55,330 | 60,350 |
| Davanagere | 55,300 | 60,320 |
Gold Rate Today: On MCX
The price of the 10-gram gold futures contract, which expires on October 5, 2023, dropped by 0.09 percent to Rs 59342 on the MCX. Silver futures with a December 5, 2023, expiration date are currently priced at Rs. 74535 for delivery on September 5, 2023, a reduction of 0.74%. Check the purity of the gold you plan to purchase, which is expressed in carats, with 24 being the purest. In order to make 24K gold stronger, it must be alloyed with other metals, which makes it pliable and liquid. For instance, 22k gold contains 2 parts other metals and 22 parts gold (91.6 percent). The price of gold increases with its purity.
You can get the latest prices of gold by giving a missed call
You can phone 8955664433 and leave a missed call to learn the retail price of gold. You will receive the prices by SMS shortly after making a missed call to this number. Additionally, for ongoing updates or information, visit www.ibja.com or ibjarates.com.
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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