Gold Rate Today: A diversified investment portfolio should include gold since it responds favourably to circumstances that lead to declines in the value of paper investments like equities and bonds. Despite the fact that the price of gold can change in the near term, it has always retained its value over the long term. Gold is one of the most well-known investments that, among other things, guarantees safety. Due to the rising demand for gold year after year, this is also one of the key causes of the annual increase in gold prices. Currently, 22k gold costs Rs 5,335 per gram in India, whereas 24k gold, also known as 999 gold, costs Rs 5,820 per gram.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
Gold Rate Today: On MCX
Many people choose to invest in gold each year. It is one of the country’s most traditional types of investing. There are many benefits to investing in gold. The price of the 10-gram gold futures contract on the MCX for October 5, 2023 decreased by 0.47 percent to Rs 57575. Silver futures contracts with September 5, 2023 delivery dates currently have a value of Rs. 69870, which is 1.03% less than the contract’s value on December 5, 2023.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 53350 |
| Delhi | 54500 |
| Kolkata | 53350 |
| Bangalore | 53350 |
| Pune | 53350 |
| Vadodara | 53400 |
| Jaipur | 54500 |
| Lucknow | 54500 |
Gold Rate Update: What are gold ETFs?
Gold ETFs are mutual funds that follow changes in the domestic price of physical gold. The fund management company purchases gold bullion with your money. Because gold ETFs are listed and traded on stock markets, investing in them is secure and governed by tight regulations. The same day, or any other day, you can buy and sell units of gold ETF on the stock exchange, just like equities.The minimum investment is one unit of the gold ETF, which is equal to the price of one gramme of genuine gold. Due to their listing, gold ETFs have excellent liquidity and are easy to trade on the stock market.
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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