Gold Rate Today: The majority of Indian homes possess gold in one way or another. Indians have historically purchased gold as a means of accumulating savings for a rainy day or significant financial objectives. Purchasing gold is therefore viewed as a means of financial support. There are currently two ways to purchase gold: physically and through paper. There are different ways to purchase the yellow metal within each. In India, the current price of gold is Rs 6,202 per gram for 24 carat gold and Rs 5,685 per gram for 22 carat gold.
Gold Rate Today: On MCX
Gold is one of the few tangible assets, therefore investors generally think it’s safe. Purchasing gold is easier than investing in other tangible assets, such as real estate. Furthermore, because gold is tangible, it is not susceptible to hacking or other forms of misuse, unlike digital assets. It does come with some danger, though. Therefore, remember these. On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 61230 per 10 grams following a 0.94 percent gain. On the other hand, maturing silver futures had a 0.95% decline and were trading at Rs 73335 per kilogramme on the MCX on December 5, 2023.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 56850 |
| Delhi | 57000 |
| Kerala | 56850 |
| Pune | 56850 |
| Lucknow | 57000 |
| Patna | 57000 |
| Nagpur | 56850 |
| Chandigarh | 56850 |
| Surat | 57000 |
| Bhubaneswar | 57000 |
What is Gold saving scheme?
Numerous jewellers have introduced gold savings plans in recent years. Savings plans for gold or jewellery let you set aside a certain amount each month for the duration of your choice. After the time expires, you can purchase gold at a value equal to the entire amount deposited, plus a bonus, from the same jeweller. At the gold price in effect on maturity, this conversion is completed. Usually, the jeweller offers a gift item or adds a month’s installment as a monetary incentive at the conclusion of the term.
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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