Gold Rate Update: Gold is typically viewed by investors as a safe haven during difficult times in other markets and economies. Investors start looking for more reliable investments when inflation starts to surpass interest rates. It is believed that gold can protect against inflation. The current price of gold in India is Rs 5,450 per gram for 22k gold and Rs 5,945 per gram for 24k gold, commonly known as 999 gold.
Prices of gold in some major cities
| Name of cities | Gold Rates in rupees |
| Kerala | 54500 |
| Delhi | 54650 |
| Hyderabad | 54500 |
| Pune | 54500 |
| Vadodara | 54550 |
| Mumbai | 54500 |
| Chennai | 54800 |
Gold Rate Update: On MCX
Gold has not produced particularly remarkable returns in recent years. Therefore, it is advised to merely get in order to increase your options. If gold soared, any other asset class, like equities or real estate, would fall. It is therefore viewed as a haven asset. The October 5, 2023, 10-gram gold futures contract on the MCX decreased by 0.22% to Rs 58466. Currently, the cost of silver futures with a September 5, 2023, delivery date is Rs. 70648, which is 1.08% less than the cost at which they would have expired on December 5, 2023.
You can get the latest prices of gold by giving a missed call
You can phone 8955664433 and leave a missed call to get the retail price of gold. You will receive the prices by SMS shortly after making a missed call to this number. Additionally, for ongoing updates or information, visit 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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