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Gold Rate Today: Yellow metal slips, silver increases; check rates in your city here

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Navneet Choudhary
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Gold Rate Today

Gold Rate Today: Silver prices rose while the price of yellow metal decreased, on Friday. As long as the market is closed on Sunday, the rates won't change. Since the price of the yellow metal has dropped by 0.29% on Friday evening, it is the best time to buy gold. Currently, 24k gold, also known as 999 gold, is priced in India at Rs 5,945 per ounce and 22k gold at Rs 5,450. Indians in particular have historically been fans of gold, making it a popular commodity. A unique place for itself has been cemented by gold.

Gold Rate Today in some major cities

Name of cities 22K Gold 24K Gold
Mumbai Rs 54,500 Rs 59,450
Delhi Rs 54,650 Rs 59,600
Kerala Rs 54,500 Rs 59,450
Lucknow Rs 54,650 Rs 59,600
Patna Rs 54,550 Rs 59,500
Chandigarh Rs 54,650 Rs 59,600
Mangalore Rs 54,500 Rs 59,450
Mysore Rs 54,500 Rs 59,450
Cuttack Rs 54,500 Rs 59,450
Gurgaon Rs 54,650 Rs 59,600
Ghaziabad Rs 54,650 Rs 59,600
Noida Rs 54,650 Rs 59,600

Gold Rate Today: On MCX

The precious metal is a notable liquid asset that comes in useful during stormy times. The yellow metal protects against inflation and currency depreciation. Aside from that, the metal shines when equities and debt fall in stock markets. With an expiration date of August 4, 2023, the price of gold futures on the MCX down by 0.29 percent to Rs 58640 for 10 grammes. The price of silver are trading at Rs. 73627, up 0.08 percent, for delivery on September 5, 2023.

Gold Rate Today: Gold as an asset

Gold, a precious metal, is one of the most sought after assets in hard times. Investments in precious metals are increasing year by year in different parts of the world. Since 2001, the metal has grown by approximately 15% annually. The changing rate of economic growth has encouraged even institutional investors to invest in this asset as a source of long-term return. It also acts as a spreader, cancelling losses during periods of stock market volatility.

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.)

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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