Gold Rate Today: Even with the abundance of readily available precious metals, gold remains a great investment. Gold is one of the most popular investment options in India because of its high liquidity and tendency to outperform inflation. Gold can be purchased through exchange-traded funds, sovereign gold bond schemes, gold coins, bars, jewellery, gold funds, and other products. However, you can temporarily stop investing in gold because the price of yellow metal has somewhat increased.
What are the features and benefits of investing in ETFs?
The primary benefit of paper gold, or gold exchange-traded funds (ETFs), is that its security is improved. They are less likely to steal. Instead of making large investments, small ones via the SIP route can be made. One gramme of gold is the minimum amount that can be invested. Since the acquired gold is in “demat” form, its purity is largely inconsequential. The obtained transparency of the ETFs is guaranteed by the direct prices. Gold ETFs also help with taxes; after three years of holding, any capital gains are subject to a 20% post-indexation tax.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62117 per 10 grams on the MCX, up 0.04 percent. Silver futures, which expire on March 5, 2024, loss 0.50 percent and were trading at Rs 72068 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 57850 |
| Kerala | 57700 |
| Pune | 57700 |
| Lucknow | 57850 |
| Patna | 57850 |
| Nagpur | 57700 |
| Chandigarh | 57700 |
| Surat | 57850 |
| Bhubaneswar | 57850 |
| Mumbai | 57700 |
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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