Gold Rate Today: 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 cost of 22-karat gold is currently Rs 5,770 per gram, whereas 24-karat gold is priced at Rs 6,295 per gram.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57700 |
| Delhi | 57850 |
| Kerala | 57700 |
| Pune | 57700 |
| Lucknow | 57850 |
| Patna | 57850 |
| Nagpur | 57700 |
| Chandigarh | 57700 |
| Surat | 57850 |
| Bhubaneswar | 57850 |
How can you invest in physical gold?
Those who are more used to trading equities and bonds online may find it difficult to invest in actual gold. You will typically deal with dealers who are not part of standard brokerages when it comes to physical gold, and you will probably have to pay for storage as well as get insurance for your investment. Bullion, coins, and jewellery are the three basic ways that one can invest in actual gold.
Gold Rate Today: On MCX
On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 62051 per 10 grams following a 0.66 percent gain. On the other hand, maturing silver futures had a 0.29% increase and were trading at Rs 77742 per kilogramme on the MCX on December 5, 2023.
Gold Rate Today: What is Gold saving scheme?
A lot of jewellers have introduced gold savings plans in the last several years. You can deposit a set sum each month for the selected duration of time with gold or jewellery savings plans. You can purchase gold (from the same jeweller) at the conclusion of the term for a sum equal to the entire amount deposited plus a bonus. The gold price that is in effect on maturity is used for this conversion. At the conclusion of the term, the jeweller typically adds a month’s installment as a cash incentive or might even provide a gift.
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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