Gold Rate Today: Gold is still an excellent investment, despite the wide variety of precious metals that are readily available. Given its high liquidity and propensity to beat inflation, gold is one of the most well-liked investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold funds, and other products can all be used to buy gold. On the other hand, given that the price of yellow metal has somewhat increased, you can temporarily stop investing in gold.
What to remember while buying Gold Futures Options?
Expert investors who wish to minimise capital risk may want to look into options on gold ETFs or futures. These agreements provide you the right, but not the obligation, to purchase or sell an item (in this case, gold) for a set price and duration. Whether you believe that the price of gold will rise or fall, you can use options. The maximum risk involved in purchasing options is the amount you paid to enter the contract, if your guess is incorrect. Put and call options on gold futures are offered by the Chicago Mercantile Exchange in the United States and can be purchased and sold via a futures broker.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62541 per 10 grams on the MCX, up 0.29 percent. Silver futures, which expire on March 5, 2024, gain 0.18 percent and were trading at Rs 72610 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58300 |
| Kerala | 58150 |
| Pune | 58150 |
| Lucknow | 58300 |
| Patna | 58300 |
| Nagpur | 58150 |
| Chandigarh | 58150 |
| Surat | 58300 |
| Bhubaneswar | 58300 |
| Mumbai | 58150 |
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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