Gold Rate Update: Prices touch Rs 65000 per 10 grams, checkout rates in your city

Gold Rate Update: In the face of robust worldwide trends, gold prices on Tuesday increased by Rs 800 to reach a new record high of Rs 65,000 per 10 grammes in New Delhi, according to HDFC Securities. The precious gold had ended at Rs 64,200 per 10 grams at the previous close. Taking positive cues from international markets, spot gold prices (24 carats) in the Delhi markets are trading at Rs 65,000 per 10 grams, up Rs 800. Moreover, silver increased by Rs 900 to Rs 74,900 per kg. It had concluded at Rs 74,000 per kilogramme in the preceding trade. At USD 23.88 per ounce, silver was quoted higher as well. It had closed at USD 23.09 an ounce in the previous trade.

Gold Rate Update: Price of gold in some major cities

Gold Rate Today: Checkout the rates on MCX

Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields. Following a 0.33 percent rise, gold futures with a maturity date of April 5, 2024, and a price of Rs 64675 per 10 gram are currently trading at the MCX. On the MCX, silver futures with a March 5, 2024 maturity date are currently trading at Rs 73800 per kg, up 0.45 percent from the previous transaction.

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