Gold Rate Today: Valentine's Day Bonanza! Prices of precious metals slip, Checkout the rates here

Gold Rate Today: Everyone is purchasing gifts and other items during Valentine's Week because there are so many platforms giving enormous discounts and other advantages. Furthermore, considering the recent marginal decline in the price of gold and silver, this could be an excellent opportunity to buy decorations made of these priceless metals. From ancient times till the present, gold has been the most widely utilised form of money worldwide. Because gold has a minimal correlation to other asset classes, investors primarily buy it as a hedge against inflation and political unrest. In India, the price of a gram of 22-karat gold is currently Rs 5,760, and a gram of 24-karat gold is Rs 6,284.

Gold Rate Today: Checkout this best investment for your portfolio

Your resources and investing objectives will determine which gold investment is best for your portfolio. Larger investors seeking direct exposure might choose to purchase gold bullion, but doing so comes with a premium and storage expenses. Low-cost exposure can be obtained with small minimum investments through gold-tracking mutual funds and exchange-traded funds (ETFs). Before purchasing these shares, you should conduct research, though, as different funds have different expense ratios and investment strategies. Although these equities don’t always closely follow the long-term performance of gold, investing in gold mining companies can offer an additional way to gain exposure to the metal. And last, although it is less likely to yield investment gains, purchasing jewellery can be a fulfilling way to own gold.

Gold Rate Update: Checkout the rates on MCX

Gold futures with a February 5, 2024 maturity date were trading at Rs 61507 per 10 grams on the MCX, down 0.92 percent. Silver futures, which expire on March 5, 2024, loss 1.96 percent and were trading at Rs 69618 per kg on the MCX.

Price of gold in some major cities

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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