Gold Rate Today: After China, India is the world’s second-largest consumer of gold. Bullion that has been recycled domestically and imported account for the majority of the needed quantity of gold. Therefore, in addition to global prices, which are expressed in US dollars, import tariffs and other levies also have an impact on domestic gold rates. Despite the fact that US dollar and bond rates greatly influence the price of precious metals, bullion is still seen as an inflation hedge. The prices of gold in the main Indian cities are listed here.
Gold Rate Today: Checkout the rates on MCX
As of right now, the MCX is dealing in gold futures with a maturity date of June 5, 2024, and a price decrease of 0.05 percent to Rs 70599 per 10 grammes. With a maturity date of May 3, 2024, the current price of silver futures on the MCX is Rs 80850 per kg, which is 0.02 percent less than the previous deal. The historically low correlation of gold with other financial assets makes it a popular choice for investors looking to hedge against prospective economic downturns. Bond yields often increase in tandem with increases in gold prices.
Gold Rate Today: Price of gold in some major cities as per Good Returns
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 65350 |
| Delhi | 65500 |
| Kerala | 65350 |
| Pune | 65350 |
| Lucknow | 65500 |
| Patna | 65500 |
| Nagpur | 65350 |
| Chandigarh | 65350 |
| Surat | 65500 |
| Bhubaneswar | 65500 |
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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