Gold Rate Today: Prices slip, Should you buy now?

Gold Rate Today: The Good Returns states that the current price of gold in India is Rs 6,633 per gram for 24 carat gold and Rs 6,080 per gram for 22 carat gold. China is the top consumer of gold worldwide, with India coming in second. The bulk of the needed amount of gold is supplied by imports and domestic bullion that has been recycled locally. Import tariffs and other levies, therefore, have an impact on domestic gold rates in addition to global prices, which are expressed in US dollars. While the US dollar rate and bond rates have a big influence on the price of precious metals, bullion is still thought of as an inflation hedge. The prices of gold in the main Indian cities are listed here.

Gold Rate Today: Checkout the rates on MCX

As of right now, the MCX is dealing in gold futures with a maturity date of April 5, 2024, and a price decrease of 0.18 percent to Rs 65489 per 10 grammes. With a maturity date of May 3, 2024, the current price of silver futures on the MCX is Rs 75157 per kg, which is 0.45 percent less than the previous deal. The historically low correlation of gold with other financial assets makes it a popular choice for investors looking to hedge against prospective economic downturns. Bond yields often increase in tandem with increases in gold prices.

Gold Rate Today: Price of gold in some major cities as per Good Returns

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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