Gold Rate Today: Gold is still an excellent investment, despite the wide variety of precious metals that are readily available. Given its high liquidity and propensity to beat inflation, gold is one of the most well-liked investment options in India. Exchange-traded funds, sovereign gold bond programmes, gold coins, bars, jewellery, gold ETFs, and other goods can all be used to buy gold. On the other hand, given that the price of yellow metal has somewhat climbed, you can temporarily stop investing in gold. In India, the price of a gram of 22-karat gold is currently Rs 5,760, and a gram of 24-karat gold is Rs 6,284.
Checkout the factors affecting gold prices in India
Especially in India, gold is one of the most widely used investment instruments globally. The price of gold varies, just like the price of other financial assets. Numerous other factors also play a part in determining the market price of gold, even though one of the main drivers is the demand for the metal. Like any other commodity, the economics of supply and demand has a significant influence on gold prices. Price increases are typically the outcome of increased demand coupled with limited or low supply. In a similar vein, low or stagnating demand combined with an excess of gold supply can drive down prices. In India, the wedding and celebration seasons typically see an increase in the demand for gold.
Gold Rate Update: Checkout the rates on MCX
Following a 0.21 percent gain, gold futures with a maturity date of April 5, 2024, and a price of Rs 62280 per 10 grammes are presently trading at the MCX. The current price of silver futures maturing on March 5, 2024, is Rs 69188 per kg on the MCX, which is 0.35 percent less than the previous deal.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 57750 |
| Kerala | 57600 |
| Pune | 57600 |
| Lucknow | 57750 |
| Patna | 57750 |
| Nagpur | 57600 |
| Chandigarh | 57600 |
| Surat | 57750 |
| Bhubaneswar | 57750 |
| Mumbai | 57600 |
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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