Gold Rate Today: The demand for gold worldwide, interest rates, currency exchange rates, and governmental regulations are just a few of the variables that influence gold prices. The cost of gold on the MCX has also dropped today. Gold will cost more if the value of the rupee declines in relation to the US dollar. Jewellery, bullions, bars, coins, exchanges, ETFs, and other forms of gold can all be traded. As a hedge against inflation, it is viewed as a secure and reliable kind of investment. The current price of gold in India is Rs 5,515 per gramme for 22k gold and Rs 6,016 per gramme for 24k gold, commonly known as 999 gold.
Indian Major Cities Gold Rates Today
| City | 22K Today | 24K Today |
| Chennai | ₹55,450 | ₹60,490 |
| Mumbai | ₹55,150 | ₹60,160 |
| Delhi | ₹55,300 | ₹60,320 |
| Kolkata | ₹55,150 | ₹60,160 |
| Bangalore | ₹55,150 | ₹60,160 |
| Hyderabad | ₹55,150 | ₹60,160 |
| Kerala | ₹55,150 | ₹60,160 |
| Pune | ₹55,150 | ₹60,160 |
| Vadodara | ₹55,200 | ₹60,220 |
| Ahmedabad | ₹55,200 | ₹60,220 |
| Jaipur | ₹55,300 | ₹60,320 |
| Lucknow | ₹55,300 | ₹60,320 |
| Coimbatore | ₹55,450 | ₹60,490 |
Gold Rate Today: Know about the gold prices on MCX
A great inflation hedge for a long time was gold. Investors increasingly view gold as a valuable investment. These current gold prices were obtained from reputed local jewellers. On the MCX, gold futures for August 4, 2023, which are currently trading at Rs 59108 per 10 grammes, decreased by 0.34 percent. In the meantime, the price of silver futures expiring on September 5, 2023 declined 1.12% to Rs 74130 per kg.
Gold Rate Today: Know the prices on IBJA
The Russian-Ukrainian war and the numerous sanctions imposed on Russia helped to support gold prices in 2022. Prices of various export goods like oil, metals, and wheat have also increased. This has led to higher inflation as a result. Higher inflation has been a worry for the past year, and it appears that it will continue to be a worry in 2023. Gold will continue to be in high demand and its prices will rise despite the global bank crisis.
Gold is now more expensive than it was yesterday, according to IBJA. The cost of gold has decreased from Rs. 59610 per 10 kilogrammes to Rs. 59445 per 10 grammes. On the other hand, the cost of silver per kilogramme also decreased from Rs. 74841 to Rs. 74622.
You can get gold rates by giving a missed call
For information on gold retail prices, you can leave a missed call at 8955664433. You will receive the prices by SMS shortly after giving this number a missed call. In addition, you may always find updates or information at www.ibja.com or ibjarates.com.
Here’s how to check the gold purity
Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain about it.
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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