Gold Rate Today: Should you wait or take the plunge? Prices of precious metals slip, check current rates in your city here

Gold Rate Today: Over the years, gold has proven to be the ideal inflation hedge. More and more investors are considering gold to be a significant investment. These gold prices are current as of today and were obtained from reputable jewellers across the nation. 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. As U.S. data indicate more tightening of the Fed's monetary policy, the price of gold in India fell in accordance with bullion market trends. In India, 10 grammes of 22 karat gold cost Rs 54,950, while 10 grammes of 24 karat gold cost Rs 59,950.

Indian Major Cities Gold Rates Today

Gold Rate Today: What’s up on MCX?

Gold has consistently been demonstrated to be the best inflation hedge. Now more than ever, investors view gold as a significant investment. The price of gold futures on the MCX that expire on August 4, 2023 was Rs 59406 per 10 grammes after a modest decrease of 0.20 percent. Silver futures with a September 5, 2023, maturity date also declined by 1.78 percent and were trading at Rs 71188 per kilogramme on the MCX, similar to gold futures.

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

Gold Rate Today: Know the prices on IBJA

Gold is now less expensive than it was yesterday, according to IBJA. The cost of gold has increased from Rs. 59298 per 10 kilogrammes to Rs. 59294 per 10 grammes. On the other hand, the cost of silver per kilogramme increased from Rs. 72037 to Rs. 72000.

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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