Gold Rate Today: When other assets tend to appreciate in value, gold has often shown itself to be a safe investment during uncertain economic times. However, its value stays the same or even rises in an unstable economy. The ongoing devaluation of the US dollar relative to the Indian rupee is one aspect of the Indian financial system that sets it apart. Because of this, gold has gained popularity as a stand-in due to its propensity to appreciate in value in response to fluctuations in exchange rates. The price of gold has just increased slightly, so you might want to postpone investing.
Gold Rate Today: Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 63500 |
| Delhi | 63650 |
| Kerala | 63500 |
| Pune | 63500 |
| Lucknow | 63650 |
| Patna | 63650 |
| Nagpur | 63500 |
| Chandigarh | 63500 |
| Surat | 63650 |
| Bhubaneswar | 63650 |
Gold Rate Update: Checkout the rates on MCX
The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. The rising gold prices usually result in lower bond yields. With a slight increase of 0.08 percent, gold futures with a October 5, 2024 maturity date are trading at Rs 69019 per 10 grammes on the MCX. The price of silver futures, which mature on September 5, 2024, see a decrease of 0.59 percent, and are trading at Rs 79156 per kg on the MCX.
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