Gold Rate Today: After China, India is the world’s second-largest consumer of gold. The majority of the necessary amount of gold is supplied by imports and domestic bullion that has been locally recycled. Thus, import duties and other levies are additional factors that affect domestic gold rates in addition to international prices, which are expressed in US dollars. Bullion is considered an inflation hedge, even though the US dollar rate and bond rates have a big influence on the price of precious metals. The current gold prices in key Indian cities are listed below.
Gold Rate Today: Price of gold in some major cities
Name of cities | Prices of 22k gold in rupees |
Mumbai | 66990 |
Delhi | 67140 |
Kerala | 66990 |
Pune | 66990 |
Lucknow | 67140 |
Patna | 67140 |
Nagpur | 66990 |
Chandigarh | 66990 |
Surat | 67140 |
Bhubaneswar | 67140 |
Gold Rate Today: Checkout the rates on MCX
Gold futures with a maturity date of August 5, 2024 and a price of Rs 73038 per 10 grams are presently trading at the MCX after rising 0.93 percent. Silver futures with a maturity date of September 5, 2024 are currently selling at Rs 93595 per kg on the MCX, up 0.04 percent from the previous trade. Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices.
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