Gold Rate Update: Gold and silver are becoming a very simple and practical way to invest. Furthermore, as the prices of these precious metals rise on a daily basis, investors regard these metals as a critical investment. Gold prices in India today are Rs 5,530 per gramme for 22k, and Rs 6,032 per gramme for 24k, commonly known as 999 gold.
Gold Rate Update in some major cities
| Name of cities | Price of 22k gold in rupees | Price of 24k gold in rupees |
| Chennai | 55,600 | 60,650 |
| Mumbai | 55,300 | 60,320 |
| Delhi | 55,450 | 60,470 |
| Bangalore | 55,300 | 60,320 |
| Kerala | 55,300 | 60,320 |
| Vadodara | 55,350 | 60,370 |
| Jaipur | 55,450 | 60,470 |
| Lucknow | 55,450 | 60,470 |
| Patna | 55,350 | 60,370 |
| Chandigarh | 55,450 | 60,470 |
| Bhubaneswar | 55,300 | 60,320 |
Gold Rate Update: On MCX
The price of the 10-gram gold futures contract on the MCX jumped by 0.04 percent to Rs 59399, with a maturity date of October 5, 2023. Silver futures expiring on December 5, 2023 are currently priced at Rs. 75126 for delivery on September 5, 2023, representing a 0.73% decline. Gold has not given exceptionally impressive returns in recent years. As a result, it is best to buy only to broaden your selection. Gold would rise if any other asset class decreased, such as equities or real estate. As a result, it is regarded as a haven asset.
Gold Rate Update: Gold as an asset
Gold, a precious metal, is one of the most demanding assets in India. Investments in precious metals are increasing year by year in different parts of the world. Since 2001, the metal has grown by approximately 15% annually. The changing rate of economic growth has encouraged even institutional investors to invest in this asset as a source of long-term return. It also acts as a spreader, cancelling losses during periods of stock market volatility.
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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