Gold Rate Today: In India, the price of gold is currently Rs 5,660 per gram for 22-karat gold and Rs 6,175 per gram for 24-karat gold. In the festive months many people want to buy gold and silver items, but they wait to buy at a lower cost. The cost of precious metals has been increased comparatively to the prices of Friday’s. So if you are looking for buying gold items for Diwali, then you may wait as the rates for these elements may get reduced.
In India, there are several techniques for figuring out how pure gold is. The magnetic approach is one of the methods for testing gold that is most frequently utilised. It’s commonly known that this strategy is far more useful than others, like acid. To perform an acid test, think about carrying acid around.
Gold Rate Today: On MCX
A 10-gram gold futures contract for October 5, 2023, increased in value by 0.67 percent to Rs 60725, on the MCX. The current value of silver futures contracts with delivery dates on September 5, 2023 is Rs. 72915, which is 1.81% more than the contract’s value on December 5, 2023. It is crucial to keep in mind that India’s gold prices are significantly impacted by inflation. For instance, interest rates increase in tandem with inflation. When interest rates rise, the price of gold usually drops. The reason behind this is that people and investors are hastily purchasing fixed-income government securities and dumping gold. Consequently, proceed with caution while making gold investments. Investors need to keep it as a natural buffer against a decline in price.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Nagpur | 56600 |
| Visakhapatnam | 56600 |
| Delhi | 56750 |
| Kolkata | 56600 |
| Bangalore | 56600 |
| Pune | 56600 |
| Vadodara | 56650 |
| Jaipur | 56750 |
How can you know the purity of the gold?
Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain 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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