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

Gold Rate Update: In one form or another, gold is present in most Indian houses. Indians have always bought gold to build up savings for important financial goals or rainy days. So, buying gold is seen as a way to provide financial support. At the moment, gold can be bought physically or with paper money. Each has a distinct method for buying the golden metal. In India, the price of a gram of 22-karat gold is currently Rs 5,810, while a gram of 24-karat gold is Rs 6,338.

Price of gold in some major cities

Gold Rate Update: On MCX

On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 62711 per 10 grams following a 0.02 percent loss. On the other hand, maturing silver futures had a 0.06% increase and were trading at Rs 77040 per kilogram on the MCX on December 5, 2023.

Investing in gold coins

Jewellers, banks, non-banking financing organisations, and even e-commerce websites are selling gold coins. The purity and fineness of gold coins and bars are 24 carats and 999. Every coin and bar will be hallmarked in accordance with BIS guidelines. Purchasing gold coins in tamper-proof packaging is advised. The packaging acts as a deterrent to fraud, damage, and counterfeiting. There are gold coins on the market that weigh between 0.5 and 50 grammes. You must, however, confirm with the jeweller that the denomination you want to purchase is available.

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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