Gold Rate Today: One of the most valuable and well-known commodities in the world is gold. Gold has been used historically for a variety of cross-cultural purposes, including as valuable jewellery, payment, and parts for technology. those who are waiting for a price reduction and wish to invest in a range of assets, including our precious metals, such as silver and gold. Because of its uncomplicated liquidity procedure and consistent profit margins, investing in gold is now easier than ever. Given that the price of gold has recently somewhat increased, you might wish to postpone investing.
Checkout this best method of investment
Gold schemes are one of the best ways to buy gold. There are many gold schemes on the market, the majority of which are promoted by jewellers. These programmes work similarly to SIPs, where you deposit a set amount of money each month at a jeweller. The duration of the programme could be two years, eleven months, etc. You can receive your investment money back in exchange for the gold when the plan matures or expires. However, we suggest exercising caution when putting money into this kind of venture. Make sure to investigate the jeweller and their policies before making an investment. Moreover, if the scheme’s returns are similar to those of a traditional investment or an FD, the risk might not be warranted.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57800 |
| Delhi | 57950 |
| Kerala | 57800 |
| Pune | 57800 |
| Lucknow | 57950 |
| Patna | 57950 |
| Nagpur | 57800 |
| Chandigarh | 57800 |
| Surat | 57950 |
| Bhubaneswar | 57950 |
Gold Rate Today: Checkout the rates on 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. Rising gold prices usually result in lower bond yields. With a slight decrease of 0.02 percent, gold futures with a February 5, 2024 maturity date were trading at Rs 61950 per 10 grams on the MCX. The price of silver futures, which mature on March 5, 2024, saw an increase of 0.03 percent, and were trading at Rs 71795 per kg on the MCX.
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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