Gold Rate Update: In India, the price of a gram of 22-karat gold is currently Rs 5,570, while a gram of 24-karat gold is Rs 6,076. Purchasing gold was among the initial methods of diversifying a portfolio. Gold is still thought to be a prudent investment for portfolio balancing and market swing mitigation. Gold should make up 5–10% of your entire portfolio, regardless of your level of experience as an investor or how diverse your portfolio is. An overview of investing in gold is given on this page. This introduction to gold investing will go through the benefits of gold investing, how to do it, the tax implications of gold, and other important topics.
Gold Rate Update: On MCX
One buys gold for a number of reasons. Some people pass down their gold through the centuries, so keeping it safe is essential. As a kind of future security or during marriages, it can be advantageous. Some people consult knowledgeable financial consultants, who suggest investing in gold. The October 5, 2023, 10-gram gold futures contract on the MCX saw a 0.22 percent decrease in price, reaching Rs 59941. The current value of silver futures contracts with delivery dates of September 5, 2023 is Rs. 71804, which represents a decrease of 0.13% from the contract’s value on December 5, 2023.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 55850 |
| Kolkata | 55700 |
| Bangalore | 55700 |
| Pune | 55700 |
| Vadodara | 55750 |
| Jaipur | 55850 |
| Lucknow | 55850 |
You can get the latest prices of gold by giving a missed call
You can phone 8955664433 and leave a missed call to learn the retail price of gold. You will receive the prices by SMS shortly after making a missed call to this number. Additionally, for ongoing updates or information, visit www.ibja.com or ibjarates.com.
How can you know the purity of the gold?
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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