Gold Rate Update: The Multi Commodity Exchange (MCX) has seen increases in the prices of both gold and silver for the second day in a row. Over time, gold has been the ideal inflation hedge. Gold is becoming viewed as a significant investment by investors more and more. The current gold rates were obtained from reputable jewellers across the nation and are updated daily. A gramme of 22k gold currently costs Rs 5,560 in India, whereas a gramme of 24k gold, commonly known as 999 gold, costs Rs 6,065 in the same country.
Gold Rates Today
| City | 22K gold rate | 24K gold rate |
| Chennai | ₹55,900 | ₹60,980 |
| Mumbai | ₹55,600 | ₹60,650 |
| Delhi | ₹55,750 | ₹60,800 |
| Kolkata | ₹55,600 | ₹60,650 |
| Bangalore | ₹55,600 | ₹60,650 |
| Hyderabad | ₹55,600 | ₹60,650 |
| Kerala | ₹55,600 | ₹60,650 |
| Pune | ₹55,600 | ₹60,650 |
| Vadodara | ₹55,650 | ₹60,700 |
| Ahmedabad | ₹55,650 | ₹60,700 |
| Jaipur | ₹55,750 | ₹60,800 |
| Lucknow | ₹55,750 | ₹60,800 |
| Coimbatore | ₹55,900 | ₹60,980 |
| Madurai | ₹55,900 | ₹60,980 |
| Vijayawada | ₹55,600 | ₹60,650 |
| Patna | ₹55,650 | ₹60,700 |
| Nagpur | ₹55,600 | ₹60,650 |
Gold Rate Update: What’s up on MCX?
One of a number of factors that influence the price of gold and silver in India is the rupee’s exchange rate with the US dollar. Demand fluctuations around the world have a significant impact on changes in precious metal prices. Gold futures with an August 4, 2023, maturity date were trading at Rs 59,845 per 10 grammes on the MCX, up just 0.14 percent. Silver futures, maturing on September 5, 2023, saw a surge similar to that of gold, which increased by 0.14 percent, and were trading at Rs 76210 per kg on the MCX.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Update : Checkout the gold rates on IBJA
According to IBJA, gold is now costing more than it did yesterday. From Rs. 59330 per 10 kilogrammes to Rs. 59440 per 10 grammes, the price of gold has decreased. On the other side, the price of silver has declined from Rs. 75113 to Rs. 75181 per kg.
You can get the latest prices of gold by giving a missed call
You can phone 8955664433 and leave a missed call to learn the retail price of gold. You will receive the prices by SMS shortly after making a missed call to this number. Additionally, for ongoing updates or information, visit www.ibja.com or ibjarates.com.
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.
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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