Gold Rate Update: Over time, gold has shown to be the ideal inflation hedge. Gold is becoming a more essential investment in the eyes of investors. These gold prices are current as of today and were obtained from reputable jewellers in the nation. The current price of gold in India is Rs 5,515 per gramme for 22k and Rs 6,016 per gramme for 24k, commonly known as 999 gold.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,300 | Rs 75,100 |
| MUMBAI | Rs 55,150 | Rs 75,100 |
| KOLKATA | Rs 55,150 | Rs 75,100 |
| CHENNAI | Rs 55,550 | Rs 78,500 |
Gold prices in International market
As investors prepared for this week’s inflation test that could affect the Federal Reserve’s policy course, gold prices were off three-week lows on Monday after slowing U.S. employment growth knocked the dollar and bond rates from recent highs, according to news agency Reuters.
The most recent metal report shows that spot gold, which on Friday fell to its lowest level since July 11 before stabilising 0.4% higher, was flat at $1,940.99 per ounce by 0325 GMT. At $1,976.10, U.S. gold futures were unchanged.
Gold Rate Update: What’s up on MCX?
One of a number of factors that influence the price of gold and silver in India is the rupee’s exchange rate with the US dollar. Demand fluctuations around the world have a significant impact on changes in precious metal prices. After registering a slight decline of 0.18 percent, gold futures with a maturity date of August 4, 2023, were trading at Rs 59,420 per 10 grammes. In a similar vein, silver futures with a delivery date of September 5, 2023, fell by 0.52 percent and were trading at Rs 72100 per kg on the MCX.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
Gold Rate Update : Checkout the gold rates on IBJA
IBJA claims that gold is now less expensive than it was yesterday. The cost of gold has dropped from Rs. 59298 per 10 kilogrammes to Rs. 59294 for 10 grammes. The cost of silver per kilogramme has decreased from Rs. 72037 to Rs. 72000 on the other hand.
You can get the latest prices of gold by giving a missed call
You can phone 8955664433 and leave a missed call to learn 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.
How can you know the purity of the gold?
Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain about it.
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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