Gold Rate Today: Yellow Metal Shines Brighter, Silver a Shade in the Red! Checkout Current Rates

Gold Rate Today: In India, the price of a gram of 22-karat gold is currently Rs 5,760, while a gram of 24-karat gold is Rs 6,274. In uncertain economic times, gold has repeatedly proven to be a safe investment, often increasing in value when other assets do not. Its value usually stays the same or even rises in an unstable economy. The US dollar’s ongoing depreciation versus the Indian rupee is one aspect of the Indian financial system that sets it apart. Because of its propensity to appreciate in value in response to fluctuations in currency rates, gold has gained popularity as a stand-in. Given that the price of gold has recently somewhat increased, you might wish to postpone investing.

Gold Rate Today: Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. With a slight increase of 0.03 percent, gold futures with a February 5, 2024 maturity date were trading at Rs 62185 per 10 grammes on the MCX. The price of silver futures, which mature on March 5, 2024, saw an decrease of 0.43 percent, and were trading at Rs 70948 per kg on the MCX.

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