Gold Rate Today: Gold has shown to be a very effective inflation hedge throughout time. For investors, gold is turning into a more crucial investment. These gold prices are up-to-date and were obtained from trustworthy local jewellers. Notably, the market’s gold and silver prices were Rs 58,211 for a gramme and Rs 70,030 for a kilogramme.
GOLD, SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 54,200 | Rs 71,900 |
| MUMBAI | Rs 54,050 | Rs 71,900 |
| KOLKATA | Rs 54,050 | Rs 71,900 |
| CHENNAI | Rs 54,350 | Rs 75,500 |
Gold Rate Today: What’s up on MCX?
After a minor gain of Rs 174 or 0.30 percent, the price of gold futures on the MCX, which mature on August 4, 2023, was Rs 58,481 for 10 grammes. Similar to gold, silver futures on the MCX rose by Rs 895, or 1.30 percent, to trade at Rs 69,999 per kilogramme with a maturity date of July 5, 2023.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
The price of gold has increased today compared to yesterday, according to IBJA. The price of gold has increased from Rs 58027 per 10 kilos to Rs 58055 per 10 grammes today. The cost of silver, on the other hand, silver is increased from Rs 68429 per kg. to Rs 68539 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint 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.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
