Gold Rate Today: Good news ! Price of yellow metal on a downturn as wedding season starts, details here

Gold Rate Today: Gold’s pricing has dropped somewhat. Today, 10 grammes of adornment gold costs Rs. 100, while pure gold costs Rs. 110. However, the price of cookie gold is still about Rs. 57,000. The price of silver has dropped by Rs. 300 per kg.

On the Multi Commodity Exchange, gold was trading at Rs 56,981 per 10 gramme while silver was up 0.42 percent at Rs 68,647 per kilogramme (MCX). Despite poor global indicators, gold has finally come under attack today. Even with today’s pressure, gold is not far from its all-time high, but it is becoming less expensive. So, if you want to purchase gold, now is the time.

Gold Rate Today in various cities

city22 carats24 carats
Chennai₹53,250₹58,090
Mumbai₹52,350₹57,110
Delhi₹52,500₹57,270
Kolkata₹52,350₹57,110
Bangalore₹52,400₹57,160
Hyderabad₹52,350₹57,110
Kerala₹52,350₹57,110
Pune₹52,350₹57,110
Vadodara₹52,400₹57,160
Ahmedabad₹52,400₹57,160
Jaipur₹52,500₹57,270
Lucknow₹52,500₹57,270
Coimbatore₹53,250₹58,090
Madurai₹53,250₹58,090
Vijayawada₹52,350₹57,110
Patna₹52,400₹57,160
Nagpur₹52,350₹57,110

Gold Rate Today: What’s up on MCX?

On MCX, Gold February Future was trading up by 28 percent to Rs 56,444 per 10 grams in the afternoon trade. In contrast to this, Silver March futures dipped 0.27% to Rs 68,043 per kg.

During August 2020, gold price touched Rs 57,191 per 10 grams on MCX. Gold was seen at Rs 56,981 per 10 grams on MCX this morning. That means gold is getting only 210 rupees cheaper than the record price.

Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.

This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk. 

The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors. 

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

Gold Rate Today: As per IBJA, these are the prices of gold and silver

The price of gold and silver has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 56084 per 10 kilos yesterday evening to Rs 56521 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 68304 per kg. last evening to Rs. 68686 per kg.

Here’s how to know the latest price of gold by giving a missed call

You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.

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.

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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