Gold Rate Today: Even with the wide range of easily accessible precious metals, gold is still a wise investment in the times when especially Navratri is around us. With its high liquidity and propensity to beat inflation, gold is one of the most popular investment options in India. Exchange-traded funds, gold coins, bars, jewellery, gold ETFs and other goods can all be used to buy gold. But you might want to wait a little time before making your next gold investment, given the recent increase in the price of yellow metal during Navratri.
Price of gold in some major cities
The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 66650 |
| Kerala | 66500 |
| Pune | 66500 |
| Lucknow | 66650 |
| Patna | 66650 |
| Nagpur | 66500 |
| Chandigarh | 66500 |
| Surat | 66650 |
| Bhubaneswar | 66650 |
| Mumbai | 66500 |
Gold Rate Today: Checkout the rates on MCX
Investors like to use gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. Following a 0.11 percent increase, gold futures with a maturity date of June 5, 2024 and a price of Rs 71920 per 10 grammes are currently trading at the MCX. Conversely, May 3, 2024, maturity date silver futures are now selling at Rs 83040 per kg, up 0.27 percent from the previous deal. Lower bond yields typically follow a rise in 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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