Gold Rate Update: Prices of precious metals move up, check current rates in your city

Gold Rate Update: Few investments have ever been as popular as gold as a hedge against practically any type of trouble, including war, inflation, economic instability, and currency changes. Don't limit your gold investment options to only purchasing actual gold in the form of coins or bullion. Purchasing shares of gold mining firms or gold exchange-traded funds (ETFs) are other options for investing in gold. Additionally, you can trade futures and options contracts to invest in gold. In India, the cost of 22-karat gold is currently Rs 5,685 per gram, whereas the cost of 24-karat gold is Rs 6,202 per gram.

Price of gold in some major cities

Gold Rate Update: Buying gold coins is a good option

Half-ounce and quarter-ounce gold coins are also available, although one or two ounce gold coins are the most widely used. The most accessible kind of gold coins are collectible ones, such American Gold Eagles, Canadian Maple Leafs, and South African Krugerrands. Some merchants even offer worn or damaged coins and blanks for sale. However, the values of gold coins do not always match their gold content. Collectible coins that are in high demand are often sold at a premium.

Checkout the rates on MCX

Gold futures with a December 5, 2023, maturity date were trading at Rs 60930 per 10 grammes on the MCX after a slight increase of 0.45 percent. Conversely, on December 5, 2023, maturing silver futures saw a 0.15% decrease and were selling at Rs 72755 per kilogramme on the MCX.

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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