Gold Rate Today: Gold prices are influenced by a variety of factors, including global demand, interest rates, currency exchange rates, and regulatory regulations. The price of gold on the MCX has also fallen today. If the rupee’s value falls in proportion to the US dollar, gold will become more expensive. Gold can be exchanged in the form of jewellery, bullions, bars, coins, exchanges, ETFs, and other forms. It is regarded as a safe and dependable type of investment as a hedge against inflation. Gold prices in India today are Rs 5,515 per gramme for 22k, and Rs 6,016 per gramme for 24k, commonly known as 999 gold.
Gold Rate Today in some major cities
| City | 22K Today | 24K Today |
| Chennai | ₹55,520 | ₹60,570 |
| Mumbai | ₹55,150 | ₹60,160 |
| Delhi | ₹55,300 | ₹60,320 |
| Kolkata | ₹55,150 | ₹60,160 |
| Bangalore | ₹55,150 | ₹60,160 |
| Hyderabad | ₹55,150 | ₹60,160 |
| Kerala | ₹55,150 | ₹60,160 |
| Pune | ₹55,150 | ₹60,160 |
| Vadodara | ₹55,200 | ₹60,220 |
| Ahmedabad | ₹55,200 | ₹60,220 |
| Jaipur | ₹55,300 | ₹60,320 |
| Lucknow | ₹55,300 | ₹60,320 |
| Coimbatore | ₹55,520 | ₹60,570 |
| Madurai | ₹55,520 | ₹60,570 |
Gold Rate Today: Know about the gold prices on MCX
Gold was an excellent inflation hedge for a long time. Gold is increasingly seen as a great investment by investors. These current gold prices came from reputable local jewellers. Gold futures for August 4, 2023, which are presently trading at Rs 59471 per 10 grammes on the MCX, have increased by 0.48 percent. Meanwhile, the price of silver futures expiring on September 5, 2023 rises 0.91% to Rs 75455 per kilogramme.
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. Gold has dropped in price from Rs. 59282 per 10 kilogrammes to Rs. 59143 per 10 grammes. However, the price of silver per kilogramme jumped from Rs. 73889 to Rs. 73939.
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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