Gold Rate Today: Prices of yellow metal move up North, silver slips; check current rates in your city here

Gold Rate Today: Gold is a well-known investment that offers numerous advantages due to its long-term investment protection. This premise is widely accepted, and in situations where other assets cannot provide stability, everyone looks to gold. For this reason, if there is volatility in the world’s equities markets or political unrest between major nations, the price of gold tends to rise sharply. One further benefit of going with gold is that its price is consistent worldwide, so you can purchase it for roughly the same amount wherever. Below are the current rates in some of the major cities as per the Good Returns.

Gold Rate Today : Price of gold in some major cities as per Good Returns

Gold Rate Today : Checkout the rates on MCX

The current price of silver futures, which have a May 3, 2024, maturity date, is Rs 83488 per kilogramme. It has decreased from the previous trade by 0.43 percent. On the other hand, gold futures with a June 5, 2024, maturity date and a price of Rs 73027 per 10 grammes and are currently trading at the MCX following a 1.04% percent increase. For investors looking to hedge against potential economic downturns, gold is a popular option due to its historically low correlation with other financial assets. Bond yields typically decrease in response to rising gold prices.

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  or it’s writer never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER