Gold Rate Today: In India, the price of a gram of 22-karat gold is currently Rs 5,759, while a gram of 24-karat gold is Rs 6,283. Everyone is buying gold products as gifts. Considering the slight drop in price of each precious metal recently, this could be an excellent time to purchase decorations made of these metals. Gold has always been the most extensively used form of money in the world, both historically and currently. Investors buy gold mainly as a hedge against inflation and political instability because it has minimal correlation with other asset types.
Gold Rate Update: Checkout the rates on MCX
Due to its historically low correlation with other financial assets, gold is a hedge against future economic downturns that is popular among investors. Bond yields typically decrease in response to rising gold prices. Gold futures with an April 5, 2024, maturity date of Rs 62204 per 10 grammes are currently trading at the MCX following a 0.16 percent loss. Silver futures maturing on March 5, 2024, are now selling at Rs 70731 per kg on the MCX, down 0.46 percent from the previous trade.
Gold rates in major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57590 |
| Delhi | 57740 |
| Kerala | 57590 |
| Pune | 57590 |
| Lucknow | 57740 |
| Patna | 57740 |
| Nagpur | 57590 |
| Chandigarh | 57590 |
| Surat | 57740 |
| Bhubaneswar | 57740 |
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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