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HomeCURRENT AFFAIRSBUSINESSGold Rate Today: Prices slip! Should you invest now?

Gold Rate Today: Prices slip! Should you invest now?

The price of 22-karat gold in India is currently Rs 5,770 per gram, while the price of 24-karat gold is Rs 6,295 per gram.

Gold Rate Today: Considering the slight drop in price of each precious metal recently, this could be an excellent time to purchase decorations made of these metals. Gold has always been the most extensively used form of money in the world, both historically and currently. Generally speaking, investors who want to make direct investments in gold have three alternatives: they can buy the actual metal, buy shares of a mutual fund or exchange-traded fund (ETF) that tracks the price of gold, or trade commodities futures and options. For instance, novice investors may purchase gold coins, whereas experienced investors may employ tactics using options on gold futures.

Gold rates in major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Update: Checkout the rates on MCX

On the MCX, gold futures maturing on April 5, 2024, are trading at Rs 62325 per 10 grammes after experiencing a slight increase of 0.03 percent. On the MCX, silver futures with a March 5, 2024 maturity date saw a 0.04 percent increase and are trading at Rs 70450 per kg. The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields.

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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