Gold Rate Today: Gold prices are affected by a variety of factors such as currency exchange rates, worldwide demand, interest rates, and government regulations. And today the price of gold has decreased on MCX. If the rupee falls versus the US dollar, the price of gold will rise. Gold can be exchanged in the form of bars, coins, bullions, jewellery, exchanges, ETFs, and so on. It is regarded as a safe and stable mode of investment, acting as a buffer against inflation. India is the world’s largest importer of gold, mostly to meet the demands of the jewellery sector. In terms of tonnage, the country imports 800-900 tonnes of gold per year. Today’s gold price in India is Rs 5,515 per gramme for 22k, and Rs 6,016 per gramme for 24k, also known as 999 gold.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 55,550 | Rs 79,900 |
| MUMBAI | Rs 55,400 | Rs 79,900 |
| KOLKATA | Rs 55,400 | Rs 79,900 |
| CHENNAI | Rs 56,100 | Rs 82,000 |
Gold Rate Today: Know about the gold prices on MCX
Gold has long served as an excellent inflation hedge. Gold is becoming more popular among investors as a valuable investment. These gold rates are current and sourced from reputable jewellers in the country. Gold futures, which mature on August 4, 2023, fell by 0.43 percent on the MCX and were trading at Rs 59,298 per 10 grammes. Meanwhile, silver futures due on September 5, 2023, fell 0.64 percent, trading at Rs 74966 per kg.
Gold Rate Today: Know the prices on IBJA
The Russian-Ukrainian war and the numerous sanctions imposed on Russia helped to support gold prices in 2022. Prices of various export goods like oil, metals, and wheat have also increased. This has led to higher inflation as a result. Higher inflation has been a worry for the past year, and it appears that it will continue to be a worry in 2023. Gold will continue to be in high demand and its prices will rise despite the global bank crisis.
According to IBJA, gold is now more expensive than it was yesterday. From Rs. 59330 per 10 kilogrammes to Rs. 59440 per 10 grammes, the price of gold has increased. On the other side, the price of silver has also gone up from Rs. 75113 to Rs. 75181 per kilogramme.
You can get gold rates by giving a missed call
For information on gold retail prices, you can leave a missed call at 8955664433. You will receive the prices by SMS shortly after giving this number a missed call. In addition, you may always find updates or information at www.ibja.com or ibjarates.com.
Here’s how to check the gold purity
Currently, there is an app available from the government that allows you to check the purity of gold. Using the BIS Care app, customers may determine the purity of gold. Not only can you examine the purity of gold using this app, but you can also complain about it.
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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