Gold Rate Today: Following an increase on Friday, the price of gold has remained constant through Saturday. Gold prices can vary city by city due to factors such as demand, interest rates, state taxes, gold traders, bullion associations, transit costs, and manufacturing charges. Gold is a popular investment asset all around the world, including India. Gold’s price fluctuates, as do the prices of other financial assets. Gold prices in India now are Rs 5,520 per gram for 22k, and Rs 6,022 per gram for 24k, commonly known as 999 gold. The price of 22k gold in Delhi is Rs. 55,350.
| Name of cities | Price of 22k gold in rupees | Price of 24k gold in rupees |
| Mumbai | 55,200 | 60,220 |
| Delhi | 55,350 | 60,370 |
| Bangalore | 55,200 | 60,220 |
| Hyderabad | 55,200 | 60,220 |
| Kerala | 55,200 | 60,220 |
| Coimbatore | 55,550 | 60,490 |
| Patna | 55,250 | 60,270 |
| Nagpur | 55,200 | 60,220 |
| Surat | 55,250 | 60,270 |
| Nashik | 55,230 | 60,250 |
| Bellary | 55,200 | 60,220 |
| Gurgaon | 55,350 | 60,370 |
| Ghaziabad | 55,350 | 60,370 |
Gold Rate Today: On MCX
Gold futures, maturing on October 5, 2023, on the MCX, the price of the 10-gram gold futures contract up by 0.04 percent to Rs 59399. Meanwhile, silver futures maturing on December 5, 2023, is presently priced at Rs. 75126 for delivery on September 5, 2023, representing a 0.73% down. In recent years, gold has not provided particularly remarkable returns. It is consequently advisable to acquire just in order to boost your variety. If any other asset class, such as stocks or real estate, fell, gold would climb. As a result, it is viewed as a safe haven asset.
Know about the purity of gold
Before purchasing gold, it is critical to consider its purity, which is indicated in carats, with 24 carats being the purest. 24K gold is malleable and liquid, and it must be alloyed with other metals to become stronger. 22k gold, for example, is composed of 22 parts gold (91.6 percent) and 2 parts other metals. The purer the gold, the more expensive it becomes.
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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