Gold Rate Today: India’s gold market relies heavily on imports and recycled gold to meet demand, making it vulnerable to fluctuations in global tariffs and levies. As a result, domestic gold prices, quoted in US dollars, are influenced by international trade policies and currency exchange rates. Although interest rates and the US dollar’s value significantly impact precious metal prices, gold remains a popular hedge against inflation. You can check below the reduced prices of gold and silver in major Indian cities.
Gold Rate Today: Checkout the rates on MCX
As of right now, the MCX is dealing in gold futures with a maturity date of October 5, 2024, and a price decrease of 0.71 percent to Rs 70200 per 10 grams. With a maturity date of September 5, 2024, the current price of silver futures on the MCX is Rs 80470 per kg, which is 0.71 percent less than the previous deal. The historically low correlation of gold with other financial assets makes it a popular choice for investors looking to hedge against prospective economic downturns. There is a tendency for bond yields to rise in conjunction with increasing gold prices.
Gold Rate Today: Price of gold in some major cities as per Good Returns
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 65550 |
| Delhi | 65700 |
| Kerala | 65550 |
| Pune | 65550 |
| Lucknow | 65700 |
| Patna | 65700 |
| Nagpur | 65550 |
| Chandigarh | 65550 |
| Surat | 65700 |
| Bhubaneswar | 65700 |
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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