Gold Rate Update: The majority of Indian homes possess gold in one way or another. Indians have historically purchased gold as a means of accumulating savings for a rainy day or significant financial objectives. Purchasing gold is therefore viewed as a means of financial support. There are currently two ways to purchase gold: physically and through paper. There are different ways to purchase the yellow metal within each. In India, the price of a gram of 22-karat gold is currently Rs 5,680, while a gram of 24-karat gold is Rs 6,197.
Price of gold in some major cities
Name of cities | Prices of 22k gold in rupees |
Mumbai | 56800 |
Delhi | 56950 |
Kerala | 56800 |
Pune | 56800 |
Lucknow | 56950 |
Patna | 56950 |
Nagpur | 56800 |
Chandigarh | 56800 |
Surat | 56950 |
Bhubaneswar | 56950 |
Gold Rate Update: On MCX
On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 61135 per 10 grams following a 0.10 percent gain. On the other hand, maturing silver futures had a 0.07% decrease and were trading at Rs 72849 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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