Gold Rate Update: Due to its propensity to increase in value when living costs rise, gold has historically been an excellent inflation hedge. Investors have witnessed the stock market crash and rising gold prices over the previous 50 years as well as rising inflationary conditions. This is due to the fact that since gold is typically valued in fiat currency units, everything tends to expand at the same time that fiat money loses its purchasing power due to inflation. The current price of gold in India is Rs 5,505 per gram for 22k gold and Rs 6,005 per gram for 24k gold, commonly known as 999 gold.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 55050 |
| Delhi | 55200 |
| Kerala | 55050 |
| Pune | 55050 |
| Lucknow | 55200 |
| Patna | 55100 |
| Nagpur | 55050 |
| Chandigarh | 55200 |
| Surat | 55100 |
| Bhubaneswar | 55050 |
Gold Rate Update: On MCX
Gold has consistently been demonstrated to be the best inflation hedge. Now more than ever, investors view gold as a significant investment. The cost of the October 5, 2023 expiring 10-gram gold futures contract increased 0.26 percent to Rs. 59146 on the MCX. Priced at Rs. 72515 for delivery on September 5, 2023, silver futures with a December 5, 2023, expiration date are up 0.50% from their previous price.
You can get gold rates by giving a missed call
For information on gold retail prices, you can leave a missed call at 8955664433. You will receive the prices by SMS shortly after giving this number a missed call. In addition, you may always find updates or information at www.ibja.com or ibjarates.com.
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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