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HomeCURRENT AFFAIRSBUSINESSGold Rate Today:Yellow metal prices move up, silver decreases further; check current...

Gold Rate Today:Yellow metal prices move up, silver decreases further; check current rates in your city here

In India, 22 carat gold costs Rs 5,365 per gram and 24 karat gold costs Rs 5,853 per gram.

Gold Rate Today: Physical gold investing can be difficult for individuals who are more accustomed to trading stocks and bonds online. When it comes to physical gold, you’ll almost always be dealing with dealers outside of traditional brokerages, and you’ll almost certainly have to pay for storage and insurance on your investment. Bullion, coins, and jewellery are the three most common ways to invest in actual gold. Gold costs Rs 5,365 per gram in India now for 22 karat gold and Rs 5,853 per gram for 24 karat gold.

Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Today: On MCX

Shares in gold mining companies can be purchased by investors as individual stocks or as part of a fund. When buying gold in various forms, investors must consider shipping, storage, and insurance, in addition to paying a premium over the current gold price. The 10-gram gold futures contract on the MCX gained 0.11 percent to Rs 57635 on October 5, 2023. Silver futures contracts with September 5, 2023 delivery dates are currently at Rs. 69049, which is Rs. 0.07% less than the contract’s value on December 5, 2023.

Gold funds that invest in the metal

Investors can get gold exposure through mutual funds and exchange-traded funds. The value of funds with the most direct exposure follows the price of gold. The expense ratio is used to pass on the cost of sustaining physical supplies to investors. There are some drawbacks: Because some gold funds are classified as collectibles, they are not eligible for the lower long-term capital-gains rates enjoyed by equities. Furthermore, because they do not create revenue, the expense ratio can eat away at the principle year after year.

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: OPPO F21s Pro VS OPPO F21 PRO: Specifications, features and price compared to facilitate decision making

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