Gold Rate Today: The prices of both the metals has been declined and many investors are investing in these metals like gold and silver. You may also like to invest in gold schemes right now due to the decline in the prices. Gold scheme is one of the greatest ways to buy gold. There are many gold schemes on the market, the majority of them are promoted by jewellers. These plans 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 placing an investment. Moreover, if the scheme’s returns are similar to those of a typical investment or an FD, the risk might not be warranted.
Gold rates in major cities
Name of cities | Prices of 22k gold in rupees |
Mumbai | 57700 |
Delhi | 57850 |
Kerala | 57700 |
Pune | 57700 |
Lucknow | 57850 |
Patna | 57850 |
Nagpur | 57700 |
Chandigarh | 57700 |
Surat | 57850 |
Bhubaneswar | 57850 |
Gold Rate Update: Checkout the rates on MCX
On the MCX, gold futures maturing on April 5, 2024, are trading at Rs 62325 per 10 grammes after experiencing a slight increase of 0.03 percent. On the MCX, silver futures with a March 5, 2024 maturity date saw a 0.04 percent increase and are trading at Rs 70450 per kg. 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.
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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