Gold Rate Update: Gold and silver are becoming a very easy and convenient method of investing. And also, as the pricing of these precious metals are increasing day by day, investors are considering these metals as a very important investment. After falling on Rakshabandhan the prices of gold as well as silver are increased again by 0.17 and 0.63 respectively. 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.
Gold Rate Update in some major cities
Name of cities
Price of 22k gold in rupees
Price of 24k gold in rupees
Chennai
55,350
60,390
Mumbai
55,050
60,050
Kolkata
55,050
60,050
Bangalore
55,050
60,050
Lucknow
55,200
60,200
Madurai
55,350
60,390
Patna
55,100
60,100
Nagpur
55,050
60,050
Chandigarh
55,200
60,200
Surat
55,100
60,100
Mysore
55,050
60,050
Cuttack
55,050
60,050
Know the prices 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 up by 0.17 percent to Rs 59476 for 10 grammes. The price of silver are trading at Rs. 76160, up 0.63 percent, for delivery on September 5, 2023.
Gold Rate Update: Gold as an asset
Gold, a precious metal, is one of the most demanding assets in India. 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.)
/dnp-english/media/agency_attachments/2024/12/03/2024-12-03t111212612z-dnp-india-logo-640x480-dnp-news-2.png){kind=logo}
/dnp-english/media/member_avatars/avatar/4a958ecbaa9e3a6d1971fd00a6392c22.png )
Follow Us/dnp-english/media/post_attachments/wp-content/uploads/2023/09/ezgif-1-b02011e6f6.jpg)