Gold Rate Update: Prices of yellow metal decrease, silver moves up, check current rates in your city

Gold Rate Update: The rupee's value relative to the dollar is one of many factors influencing the price of gold and silver in India. The price variations of precious metals are also highly impacted by worldwide demand. Gold prices today in India is at Rs 5,465 per gram for 22k, while for 24k also called 999 gold, the prices is at Rs 5,962 per gram.

GOLD AND SILVER PRICES IN MAJOR CITIES

Gold Rate Update on MCX

To begin, it is critical to remember that the pricing of normal gold and hallmarked gold are the same. When you receive a hallmarked gold rate, no additional fees are imposed. When normal gold is sold, the price is the same. The only difference is that when you buy ordinary gold, its purity is guaranteed. Both gold prices have fallen on the Multi Commodity Exchange (MCX). On the MCX, gold futures expiring on August 4, 2023 were trading at Rs 58886 per 10 grammes, down 0.03 percent. Silver futures, which expire on September 5, 2023, climbed 0.11 percent to Rs 70051 per kg on the MCX.

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.

How gold rates in India change?

Gold prices in India are impacted by a variety of factors, including local taxes, currency volatility, and worldwide gold prices. However, international costs are the single most important factor driving increasing gold prices. When gold prices rise on a worldwide scale, gold rates in India fluctuate.

The price of gold today will never be the same as yesterday’s price. On a Sunday, however, there is no trading, therefore gold prices in India remain the same.

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.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER