Gold Rate Today: In unpredictable economic times, gold has historically proven to be resilient, frequently appreciating in value when other assets decline in value. In an unstable economy, its value frequently stays the same or even increases. One feature of the Indian financial scene that makes it unique is the continuous depreciation of the US dollar in relation to the Indian rupee. Given that gold tends to appreciate in value in response to fluctuations in exchange rates, it has gained popularity as a stand-in. Given the recent slight increase in the price of gold, you might want to put off investing.
What are Gold exchange-traded funds?
Gold exchange-traded funds (Gold ETFs) are another option for owning paper gold at a lower cost. Such transactions (buying and selling) take place on a stock exchange (NSE or BSE), with gold serving as the underlying asset. Another advantage of a gold ETF is its pricing transparency. The price at which it is purchased is most likely the closest to the actual price of gold, and thus the physical gold price serves as the benchmark.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62390 per 10 grams on the MCX, up 0.04 percent. Silver futures, which expire on March 5, 2024, gained 0.13 percent and were trading at Rs 72573 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58150 |
| Kerala | 58000 |
| Pune | 58000 |
| Lucknow | 58150 |
| Patna | 58150 |
| Nagpur | 58000 |
| Chandigarh | 58000 |
| Surat | 58150 |
| Bhubaneswar | 58150 |
| Mumbai | 58000 |
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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