Gold Rate Today: This is conceivably the most well-known way to directly possess gold. Bullion in gold is commonly associated with the massive gold bars stored in Fort Knox, Kentucky. In actuality, any kind of pure, or almost pure, gold that has undergone weight and purity certification qualifies as gold bullion. This covers gold, ewin all its forms, including coins, bars, and other pieces. Gold bars also frequently have a serial number affixed to them for security reasons. In India, the cost of 22-karat gold is currently Rs 5,655 per gram, while the cost of 24-karat gold is Rs 6,169 per gram.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 55950 |
| Delhi | 56100 |
| Kerala | 55950 |
| Pune | 55950 |
| Lucknow | 56100 |
| Patna | 56100 |
| Nagpur | 55950 |
| Chandigarh | 55950 |
| Surat | 56100 |
| Bhubaneswar | 56100 |
Gold Rate Today: Checkout the rates on MCX
Gold futures with a December 5, 2023, maturity date were trading at Rs 60808 per 10 grammes on the MCX after a slight increase of 0.14 percent. Conversely, on December 5, 2023, maturing silver futures saw a 0.16% decrease and were selling at Rs 73243 per kilogramme on the MCX. Historically, holding gold has been seen as a buffer against economic downturns due to its low connection with other financial asset classes. Specifically, there has historically been little link between gold and stock market performance, and gold tends to move against the dollar. This implies that times when the dollar is weaker could be favourable for gold prices.
Easiest investment in gold
Investing in gold can be made easiest and safest via mutual funds and exchange-traded funds (ETFs). You can easily buy or sell these securities in your retirement account or brokerage account, as each share of these securities represents a fixed amount of gold. First-time investors can consider gold mutual funds and ETFs due to their affordable costs and minimal investment requirements.
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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