Gold Rate Today: The slight dip in gold prices following a substantial increase is welcome news for investors. Purchase them if you want to invest in precious metals. Gold jewellery was once used by women to accessorise their outfits on important occasions, but those days have passed. Additionally attracting interest from institutional investors are the asset’s long-term profitability and the economy’s volatile growth rate. It acts as a diversifier as well, reducing losses incurred during periods of stock market volatility. Precious metal is one popular example of a liquid asset that can be helpful during difficult times. Yellow metal acts as a hedge against inflation and currency depreciation.
Gold Rate Today: Checkout the rates on MCX
Gold futures with a June 5, 2024, maturity date and a price of Rs 69710 per 10 grams are currently trading at the MCX after decreasing by 0.13 percent. In contrast, silver futures with a maturity date of May 3, 2024, are currently selling for Rs 79890 per kg, a 1.11 percent increase over the previous contract. As a hedge against potential economic downturns, investors prefer to use gold because of its historically low connection with other financial assets. Rising gold prices usually result in lower bond yields.
Price of gold in some major cities
The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 64750 |
| Kerala | 64600 |
| Pune | 64600 |
| Lucknow | 64750 |
| Patna | 64750 |
| Nagpur | 64600 |
| Chandigarh | 64600 |
| Surat | 64750 |
| Bhubaneswar | 64750 |
| Mumbai | 64600 |
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 or it’s writer 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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