Gold Rate Today: Gold is a prudent investment despite the abundance of readily available precious metals. In India, gold is one of the most sought-after investment options due to its high liquidity and ability to outperform inflation. It is possible to purchase gold through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold ETFs, and other items. Nevertheless, you might want to hold off on making your next gold investment for a while considering the recent spike in the price of yellow metal. The following represent the prices for 22-karat gold in several Indian cities. The rates are as follows, as per Good Returns.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 64250 |
| Kerala | 64100 |
| Pune | 64100 |
| Lucknow | 64250 |
| Patna | 64250 |
| Nagpur | 64100 |
| Chandigarh | 64100 |
| Surat | 64250 |
| Bhubaneswar | 64250 |
| Mumbai | 64100 |
Gold Rate Today: Checkout the rates on MCX
Following a 0.15 percent increase, gold futures with a maturity date of August 5, 2024 and a price of Rs 71554 per 10 grams are currently trading at the MCX. Conversely with a maturity date of July 05, 2024, the value of silver is at Rs 88825 per kg. It is up by 0.01 percent from the previous deal. Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices.
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 or it’s writer 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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