Gold Rate Today: With the recent little declines in the price of each precious metal, it would be a fantastic time to purchase decorations made of these metals now. Gold has always been the most extensively used form of money in the world, both historically and currently. The investors who want to invest directly in gold have three options, buying the metal directly, trading commodities futures and options, or buying shares of an exchange-traded fund (ETF) or mutual fund that tracks the price of gold. For instance, novice investors would purchase gold coins, but seasoned investors might employ options-based tactics on gold futures.
Gold Rate Update: Checkout the rates on MCX
Following a 0.73 percent loss, gold futures with a maturity date of August 5 and a price of Rs 70948 per 10 grams are currently trading at the MCX. However on the MCX, silver futures with a July 5, 2024, maturity date are currently trading at Rs 86500 a kg, a 0.50 percent decrease from the previous trade. Investors favour gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Rising gold prices usually result in lower bond yields.
Gold rates in major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 66000 |
| Delhi | 66150 |
| Kerala | 66000 |
| Pune | 66000 |
| Lucknow | 66150 |
| Patna | 66150 |
| Nagpur | 66000 |
| Chandigarh | 66000 |
| Surat | 66150 |
| Bhubaneswar | 66150 |
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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