Gold Rate Update: Everyone is anticipating an exciting new year as many manufacturers will soon be adjusting prices for a variety of goods, some of which will see increases and some of which will see decreases. Those who hold off on making investments in a variety of assets, such as our precious metals like gold and silver, until prices drop. Because gold has always had strong margins and a quick liquidity process, investing in it has never been easier. The price of gold has recently decreased, so if you want to invest, you might want to do so right away. In India, the cost of 22-karat gold is currently Rs 5,665 per gram, while the cost of 24-karat gold is Rs 6,180 per gram.
Gold Rate Update: Which gold investment is best for your portfolio?
Your resources and investing objectives will determine which gold investment is best for your portfolio. Larger investors seeking direct exposure might choose to purchase gold bullion, but doing so comes with a premium and storage expenses. Low-cost exposure can be obtained with small minimum investments through gold-tracking mutual funds and exchange-traded funds (ETFs). Before purchasing these shares, you should conduct research, though, as different funds have different expense ratios and investment strategies. Although these equities don’t always closely follow the long-term performance of gold, investing in gold mining companies can offer an additional way to gain exposure to the metal. And last, although it is less likely to yield investment gains, purchasing jewellery can be a fulfilling way to own gold.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 61165 per 10 grams on the MCX, down 0.03 percent. Silver futures, which expire on March 5, 2024, loss 0.35 percent and were trading at Rs 71614 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 56800 |
| Kerala | 56650 |
| Pune | 56650 |
| Lucknow | 56800 |
| Patna | 56800 |
| Nagpur | 56650 |
| Chandigarh | 56650 |
| Surat | 56800 |
| Bhubaneswar | 56800 |
| Mumbai | 56650 |
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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