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HomeCURRENT AFFAIRSBUSINESSGold Rate Update: Prices of precious metals move up on Bhai Dooj;...

Gold Rate Update: Prices of precious metals move up on Bhai Dooj; check current rates in your city

In India, twenty-two-karat gold now costs Rs 5,595, while twenty-four-karat gold costs Rs 6,104 per gram.

Gold Rate Update: Today is Bhai Dooj, the celebration of brother and sister, which comes after Diwali. Everyone wants to give their sister something precious, like jewellery crafted from gold or silver, during these holidays. However, everyone waits for the prices of these metals to decrease in order to save some money. You might wait for a good time when the prices of these metals decrease if you also want to offer your sister something made of gold or silver. As of right present, both metals are more expensive. In India, the price of a gram of 22-karat gold is currently Rs 5,595, while a gram of 24-karat gold is Rs 6,104.

Checkout the rates on MCX

Following a minor increase of 0.56 percent, gold futures with a December 5, 2023, maturity date were trading at Rs 60399 per 10 grammes on the MCX. On the other side, maturing silver futures suffered a 0.85 percent up on December 5, 2023, and were trading on the MCX at Rs 72201 a kilogramme. Purchasing gold has several benefits. Since some individuals pass gold down for years, it’s imperative to keep it secure. It could be useful for weddings or serve as a kind of insurance policy. Some people consult with knowledgeable financial consultants, who suggest gold investments.

Price of gold in some major cities

Name of citiesPrices of 22k gold in rupees

Gold Rate Update: Avoid doing this while purchasing an ornament

Sometimes, customers buy gold designs with coloured stones, pearls, imitation diamonds, etc., failing to ask the jeweller to deduct the stones’ weight from the gold item. Jewellers often charge you between Rs. 400 and Rs. 500 per gramme, or 15% to 20% of the gold’s retail price. But these charges really only come to 200 per gramme.

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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