Gold Rate Today: Over the years, gold has been the ideal hedge against inflation. Gold is becoming a more significant investment in the eyes of investors. As of right now, 22k gold costs Rs 5,500 per gramme in India, whereas 24k gold, also known as 999 gold, costs Rs 6,000 per gramme. On the Multi Commodity Exchange (MCX), prices for both gold and silver have increased.
Cities Gold Rates Today
| City | 22K Today | 24K Today |
| Chennai | ₹55,500 | ₹60,550 |
| Mumbai | ₹55,000 | ₹60,000 |
| Delhi | ₹55,150 | ₹60,150 |
| Kolkata | ₹55,000 | ₹60,000 |
| Bangalore | ₹55,000 | ₹60,000 |
| Hyderabad | ₹55,000 | ₹60,000 |
| Kerala | ₹55,000 | ₹60,000 |
| Pune | ₹55,000 | ₹60,000 |
| Vadodara | ₹55,050 | ₹60,050 |
| Ahmedabad | ₹55,050 | ₹60,050 |
| Jaipur | ₹55,150 | ₹60,150 |
| Lucknow | ₹55,150 | ₹60,150 |
Gold Rate Today: What’s up on MCX?
Daily price increases are being seen for precious metals. The price of gold futures on the MCX, which mature on August 4, 2023, was Rs 59,334 per 10 grammes after a slight increase of 0.16 percent. Similar to gold futures, silver futures with a September 5, 2023, maturity also saw a 0.88 percent increase and were trading at Rs 75990 per kilogramme on the MCX.
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.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
The price of gold has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 59352 per 10 kilos to Rs 59338 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 74953 per kg. to Rs 74979 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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