Gold Rate Today: In one way or another, gold is present in most Indian houses. Indians have long bought gold as a means of achieving significant financial objectives or as a rainy-day fund. Thus, purchasing gold is regarded as a type of financial assistance. Gold can now be bought in two ways: physically and with paper money. There are several paths within each that lead to the golden metal. In India, the price of a gram of 22-karat gold is currently Rs 5,750, while a gram of 24-karat gold is Rs 6,273.
Gold Rate Today: On MCX
Gold futures having a December 5, 2023, maturity date were trading at Rs 62661 per 10 grams on the MCX after losing 0.23 percent. In contrast, maturing silver futures saw a 0.25% decrease and were trading on the MCX on December 5, 2023, at Rs 77467 a kilogram. Gold is one of the few tangible investments, so people tend to think it’s safe. Compared to investing in other tangible assets like real estate, buying gold is less complicated. Furthermore, because gold is physical as opposed to digital assets, it is impervious to theft and other sorts of fraud. But there is considerable risk involved. So remember these.
What is Gold saving scheme?
Numerous jewellers have introduced gold savings plans in recent years. Savings plans for gold or jewellery let you set aside a certain amount each month for the duration of your choice. After the time expires, you can purchase gold at a value equal to the entire amount deposited, plus a bonus, from the same jeweller. At the gold price in effect on maturity, this conversion is completed. Usually, the jeweller offers a gift item or adds a month’s installment as a monetary incentive at the conclusion of the term.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57500 |
| Delhi | 57650 |
| Kerala | 57500 |
| Pune | 57500 |
| Lucknow | 57650 |
| Patna | 57650 |
| Nagpur | 57500 |
| Chandigarh | 57500 |
| Surat | 57650 |
| Bhubaneswar | 57650 |
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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