Gold Rate Today: As you are aware, many businesses are offering discounts on a variety of goods on this first day of the year. We also have some positive news to share with you: gold and silver prices have somewhat decreased. Given the recent decline in the price of gold, this would be an excellent time to invest. Gold has a proven track record of holding its value when other assets decline, demonstrating its resilience in uncertain economic times. Its value typically stays the same or even rises during uncertain economic times. The US dollar’s ongoing depreciation against the Indian rupee is a notable aspect of the Indian financial scene.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58700 |
| Kerala | 58550 |
| Pune | 58550 |
| Lucknow | 58700 |
| Patna | 58700 |
| Nagpur | 58550 |
| Chandigarh | 58550 |
| Surat | 58700 |
| Bhubaneswar | 58700 |
| Mumbai | 58550 |
Gold Rate Today: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 63189 per 10 grams on the MCX, down 0.02 percent. Silver futures, which expire on March 5, 2024, gain 0.04 percent and were trading at Rs 74400 per kg on the MCX.
Checkout the precautions you should follow while investing in gold coins
Jewellers, banks, non-banking financing organisations, and even e-commerce websites are selling gold coins. The purity and fineness of gold coins and bars are 24 carats and 999. Every coin and bar will be hallmarked in accordance with BIS guidelines. Purchasing gold coins in tamper-proof packaging is advised. The packaging acts as a deterrent to fraud, damage, and counterfeiting. There are gold coins on the market that weigh between 0.5 and 50 grammes. You must, however, confirm with the jeweller that the denomination you want to purchase is available.
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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