Gold Rate Today: For a very long time, gold has been India’s most popular investment option. This is partially due to the fact that gold assets increase in value and hold their worth throughout unpredictable economic times. Furthermore, gold investments in India can act as a useful diversifier for your portfolio and offer protection against inflation. These days, there are many more choices for gold investment in India than just purchasing real gold. These days, you may purchase it online, sell it at any time, and turn it into gold coins. In India, the price of a gram of 22-karat gold is currently Rs 5,650, while a gram of 24-karat gold is Rs 6,164.
Gold Rate Today: Gold is observable
Due to the fact that gold is one of the few tangible assets, investors tend to view it as safe. Compared to other physical investments like real estate, buying gold is simpler. Additionally, gold is unaffected by hacking and other misuses due to its tangibility, whereas digital assets are vulnerable to these issues. It does, however, carry some risk. Thus, keep these in mind.
Checkout the rates on MCX
Gold has a historically low correlation with other financial assets, which makes it a popular choice for investors looking to hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. Investing in gold can be advantageous at any stage of the economic cycle, but the success of this strategy will depend on how effectively it works. Gold futures with a December 5, 2023, maturity date were trading at Rs 60745 per 10 grams on the MCX after a slight decrease of 0.04 percent. Conversely, on December 5, 2023, maturing silver futures saw a 0.27% decrease and were selling at Rs 73161 per kilogramme on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 56500 |
| Delhi | 56650 |
| Kerala | 56500 |
| Pune | 56500 |
| Lucknow | 56650 |
| Patna | 56650 |
| Nagpur | 56500 |
| Chandigarh | 56500 |
| Surat | 56650 |
| Bhubaneswar | 56650 |
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.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
