Gold Rate Today: The current price of gold in India is Rs 5,500 per gramme for 22k gold and Rs 6,000 per gramme for 24k gold, commonly known as 999 gold. Over the years, gold has proven to be the ideal inflation hedge. More and more investors are considering gold to be a significant investment.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,150 | Rs 75,600 |
| MUMBAI | Rs 55,000 | Rs 75,600 |
| KOLKATA | Rs 55,000 | Rs 75,600 |
| CHENNAI | Rs 55,370 | Rs 79.500 |
Gold Rate Today: What’s up on MCX?
Precious metal prices are rising on a daily basis. After a minor increase of 0.16 percent, the price of gold futures on the MCX, which expire on August 4, 2023, was Rs 59,334 per 10 grammes. Silver futures with a September 5, 2023, maturity, like gold futures, showed a gain of 0.88 percent and were trading at Rs 75990 per kilogramme on the MCX.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
IBJA reports that the price of gold is lower today than it was yesterday. From Rs. 59352 per 10 kilogrammes to Rs. 59338 per 10 grammes, the price of gold has declined. On the other side, the price of silver has climbed from Rs. 74953 to Rs. 74979 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
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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