Gold Rate Update: Investing in physical gold can be difficult for people who are used to trading stocks and bonds online. When it comes to real gold, you almost always have to deal with traders who are not regular brokers, and you almost certainly have to pay for storage and insurance on your investment. The three most common ways to invest in real gold are bullion, coins, and jewelry. Gold price in India today is Rs 5,635/g for 22 carat gold and Rs 6,145/g for 24 carat gold.
Price of gold in some major cities
|Name of cities||Prices of 22k gold in rupees|
Gold Rate Update: On MCX
Shares in gold mining companies can be purchased by investors as individual stocks or as part of a fund. When buying gold in various forms, investors must consider shipping, storage, and insurance, in addition to paying a premium over the current gold price. The 10-gram gold futures contract on the MCX decrease 0.03 percent to Rs 60720 on October 5, 2023. Silver futures contracts with September 5, 2023 delivery dates are currently at Rs. 72490, which is Rs. 0.57% more than the contract’s value on December 5, 2023.
Gold funds that invest in the metal
Investors can get gold exposure through mutual funds and exchange-traded funds. The value of funds with the most direct exposure follows the price of gold. The expense ratio is used to pass on the cost of sustaining physical supplies to investors. There are some drawbacks: Because some gold funds are classified as collectibles, they are not eligible for the lower long-term capital-gains rates enjoyed by equities. Furthermore, because they do not create revenue, the expense ratio can eat away at the principle year after year.
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