Gold Rate Today: Gold has long been advised as an investment since it has a reversal tendency relative to the stock market. When stock prices fall, the price of gold typically rises because many customers desire to own the commodity. But for many Indians, gold is more than just a means of making money. The problems arise when people try to use gold for both personal and investment goals. Investments in gold can be made in a variety of forms, such as futures, mutual funds, jewellery, mining companies, and bullion (gold bars). With very few exceptions, the only ways to directly invest in gold are through futures, bullion, and speciality funds.
Gold Rate Today: Checkout the rates on MCX
With a slight increase of 0.06 percent, gold futures with a October 4, 2024 maturity date are trading at Rs 71651 per 10 grams on the MCX. The price of silver futures, which mature on December 5, 2024, saw an increase of 0.04 percent, and are trading at Rs 85248 per kg on the MCX. The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. However rising gold prices usually result in lower bond yields.
Price of gold in some major cities
The today’s current prices of 22 carat of gold in different cities of the nation are listed below.
| 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 |
The current rate helps you to make a wise decision before investing in gold. As the prices are not stable, you can get a precised idea about the right time for the investment.
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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