Gold Rate Today: There are numerous precious metals, but gold is highly valued as an investment. Gold is one of the most popular investments in India due to factors such as high liquidity and inflation-beating capacity. Gold has been the preferred form of money throughout history, from the dawn of civilization to the present. Gold is now primarily purchased as a hedge against inflation and political upheaval due to its low correlation with other asset classes. In India, the cost of 22-karat gold is currently Rs 5,715 per gram, while the cost of 24-karat gold is Rs 6,235 per gram.
Gold Rate Today: Checkout the rates on MCX
Mutual funds and exchange-traded funds (ETFs) are generally the simplest and safest ways to invest in gold. Each share of these securities represents a fixed amount of gold, and you can easily purchase or sell them in your brokerage or retirement account. Because of their low cost and low minimum investment requirements, gold mutual funds and ETFs are an excellent choice for new investors. Gold futures with a February 5, 2024 maturity date were trading at Rs 61770 per 10 grammes on the MCX, up 0.8 percent. Silver futures, which expire on March 5, 2024, gained 0.03 percent and were trading at Rs 72539 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 57300 |
| Kerala | 57150 |
| Pune | 57150 |
| Lucknow | 57300 |
| Patna | 57300 |
| Nagpur | 57150 |
| Chandigarh | 57150 |
| Surat | 57300 |
| Bhubaneswar | 57300 |
| Mumbai | 57150 |
Gold Rate Today: Beware of doing this while buying an ornament
Occasionally, people purchase gold designs that include coloured stones, pearls, synthetic diamonds, etc. if they do not ask the jeweller to subtract the weight of the stones from the gold item. Jewellers often charge you between Rs. 400 and Rs. 500 per gram, which is roughly 15% to 20% of the price of the gold they sell. However, in actuality, these fees only amount to 200 per gram.
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