Gold Rate Today: As you know, these first few days of the year are when a lot of companies give discounts on a range of products. We would also like to inform you of some encouraging news: The price of silver and gold has somewhat dropped. This would be a great time to invest, especially with the recent decline in the price of gold. Gold has a track record of maintaining its value when other assets lose value, proving its durability in erratic economic times. In periods of uncertain economic conditions, its value usually remains the same or even increases. One noteworthy feature of the Indian financial scene is the US dollar’s continuous depreciation against the Indian rupee. In India, the price of a gram of 22-karat gold is currently Rs 5,875, and a gram of 24-karat gold is Rs 6,409.
Gold Rate Today: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 63270 per 10 grams on the MCX, down 0.08 percent. Silver futures, which expire on March 5, 2024, loss 0.35 percent and were trading at Rs 74131 per kg on the MCX.
Checkout the Gold investment plans
Now for the most crucial section, which addresses “How to invest money in gold.” People do, however, prefer certain traditional and contemporary forms of gold investments. In its traditional forms, it simply meant purchasing actual gold in the form of coins, jewellery, artefacts, or billions. Today’s investors have more options than ever before, including gold funds and exchange-traded funds (ETFs). Exchange-traded funds, or ETFs, offer a similar experience to purchasing physical gold; the main distinction is that ETFs do not involve physical gold purchases. The purchased gold is kept in Demat (paper) format, so you avoid the headaches of having to store the actual gold. Conversely, gold funds are involved in the investment of gold mining companies.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 58900 |
| Kerala | 58750 |
| Pune | 58750 |
| Lucknow | 58900 |
| Patna | 58900 |
| Nagpur | 58750 |
| Chandigarh | 58750 |
| Surat | 58900 |
| Bhubaneswar | 58900 |
| Mumbai | 58750 |
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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