Gold Rate Today: Purchasing gold is typically done by investors to spread their risk, particularly when using futures and derivatives contracts. Gold is the precious metal most frequently utilised in finance. Like other markets, the gold market is prone to speculation and volatility. In comparison to other options, gold has shown to be the most successful safe haven for precious metal investments in a number of different countries. It may be best to postpone investing in gold as the price rose slightly on Friday at market close and has remained steady ever since, according to MCX data.
On the MCX, gold futures with a maturity date of August 5, 2024 are trading for Rs 71585 per 10 grams. It has increased from the previous close by 0.00 percent (that is a flat). The price of silver futures, which mature on July 5, 2024, increased by 0.02 percent on the MCX and are currently trading at Rs 87151.
Gold Rate Today: Price of gold as per Good Returns
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