Gold Rate Today: Prices of precious metals move down South! Check current rates in your city

Gold Rate Today: Gold has always shown to be a safe investment during uncertain economic times, often rising in value when other assets fall in value. Its value typically stays the same or even rises in an uncertain economy. The US dollar’s ongoing depreciation versus the Indian rupee is one aspect of the Indian financial scene that sets it apart. Given this, gold has gained popularity as a stand-in due to its propensity to appreciate in value in reaction to fluctuations in exchange rates. Given the recent minor price decreases for both gold and silver, you might want to consider investing in these metals right now. Alternatively, you may hold out on making an investment until the price drops even further.

Gold Rate Today: Price of gold in some major cities

Check below the rates of 22 carat of gold in different cities of the nation.

Gold Rate Update: Checkout the rates on MCX

The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. With a slight decrease of 0.14 percent, gold futures with a October 4, 2024 maturity date are trading at Rs 71940 per 10 gram on the MCX. The price of silver futures, which mature on September 5, 2024, saw a decrease of 0.20 percent, and are trading at Rs 85500 per kg on the MCX.

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.)

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER