Gold Rate Today: The price of gold has recently increased slightly due to the fast increasing demand for both gold and silver, precious metals during this Indian wedding season, so you might want to hold off on investing. The ongoing decline in the value of the US dollar relative to the Indian rupee is one feature that sets the Indian financial industry apart from others. Its value normally stays the same or even rises in an uncertain economy. In volatile financial times, gold has shown to be a dependable investment when other assets tend to lose value.
Gold Rate Today: Checkout the rates on MCX
As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields. Gold futures with a maturity date of August 5, 2024 and a price of Rs 73016 per 10 grams are presently trading at the MCX after rising 0.04 percent. Silver futures with a maturity date of September 5, 2024 are currently selling at Rs 89675 per kg on the MCX, up 0.03 percent from the previous trade.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 67950 |
| Kerala | 67800 |
| Pune | 67800 |
| Lucknow | 67950 |
| Patna | 67950 |
| Nagpur | 67800 |
| Chandigarh | 67800 |
| Surat | 67950 |
| Bhubaneswar | 67950 |
| Mumbai | 67800 |
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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