Gold Rate Today: There are several methods for buying and selling precious metals. Banks and dealers are good places to buy coins and bullion. The truth is that the price of gold and other precious metals varies a lot, and past performance does not always translate into future profits. Banks and other major investors buy gold, other precious metals, and commodities like oil as a hedge against inflation and other financial worries. Some investing gurus advise that even smaller portions of an individual’s various portfolios should be allocated to precious metals. It’s been suggested that investing in gold, silver, and other metals may not always be “safe.”
Checkout the rates on MCX
On the futures markets, traders and investors also purchase precious metals. Hedgers fix future delivery prices by using the marketplace. Speculators aim to increase market liquidity and profit from trades. With a maturity date of October 4, 2024, the gold futures on the MCX are currently trading for Rs 71651 per 10 grams. There has been a decrease of 0.06 percent from the last closure. However the present value of the silver with a maturity date of September 5, 2024 futures at Rs 85248 per kg. The current regular closure is 0.04 percent more than the previous one.
Gold Rate Today: Price of gold as per Good Returns
People typically do not choose to purchase these precious metals, though, if the market trend indicates an increase in their price.
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 66950 |
| Delhi | 67100 |
| Kerala | 66950 |
| Pune | 66950 |
| Lucknow | 67100 |
| Patna | 67100 |
| Nagpur | 66950 |
| Chandigarh | 66950 |
| Surat | 67100 |
| Bhubaneswar | 67100 |
If the current rate dips below the previous market close, it’s likely to entice a surge of buyers to snap up the opportunity.
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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