Gold Rate Today: Gold is still a wise investment even in light of the wide variety of easily accessible precious metals. Gold’s propensity to beat inflation and high liquidity make it one of the most popular investment options in India. Gold can be acquired through a variety of products and exchange-traded funds, sovereign gold bond schemes, coins, bars, jewellery, and gold funds. But now that the price of yellow metal has somewhat increased, you can take a short break from investing in gold.
Precautions while buying Gold coins
Jewellers, banks, non-banking finance companies, and even e-commerce websites are selling gold coins. The purity and fineness of gold coins and bars are 24 carats and 999. Every coin and bar will be hallmarked in accordance with BIS guidelines. Purchasing gold coins in tamper-proof packaging is advised. The packaging acts as a deterrent to fraud, damage, and counterfeiting. There are gold coins on the market that weigh between 0.5 and 50 grammes. You must, however, confirm with the jeweller that the denomination you want to purchase is available.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62094 per 10 grams on the MCX, up 0.16 percent. Silver futures, which expire on March 5, 2024, loss 0.46 percent and were trading at Rs 71640 per kg on the MCX.
Price of gold in some major cities
Name of cities | Prices of 22k gold in rupees |
Delhi | 57750 |
Kerala | 57600 |
Pune | 57600 |
Lucknow | 57750 |
Patna | 57750 |
Nagpur | 57600 |
Chandigarh | 57600 |
Surat | 57750 |
Bhubaneswar | 57750 |
Mumbai | 57600 |
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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