Gold Rate Today: Gold has a high investment value despite the fact that precious metals come in a wide variety of forms. A number of variables, including its high liquidity and potential to outperform inflation, have made gold one of the most popular investment options in India. A few ways to invest in gold include to buy jewellery, coins, bars, sovereign gold bond schemes, gold funds, exchange-traded funds and other goods. Because gold is kept in physical form, there is a clear correlation between the value of the underlying item and its price. This functions in a similar way as conventional mutual funds.
Gold Rate Update: Checkout the rates on MCX
The minimum investment is one unit of the gold ETF, which is equal to the price of one gram of real gold. Because gold ETFs are listed, they may be traded easily and with great liquidity on the stock market. On the MCX, gold futures with a maturity date of October 4, 2024, are trading at Rs 71395 per 10 grams, which is up by 1.80%. On the MCX, silver futures with a September 5, 2024 expiration date are trading at Rs 83256 per kilogram and is up by 0.05 percent.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 66850 |
| Kerala | 66700 |
| Pune | 66700 |
| Lucknow | 66850 |
| Patna | 66850 |
| Nagpur | 66700 |
| Chandigarh | 66700 |
| Surat | 66850 |
| Bhubaneswar | 66850 |
| Mumbai | 66700 |
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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