Gold Rate Update: Gold has a high investment value despite the fact that precious metals come in a wide variety of forms. A number of factors, including its high liquidity and ability to outperform inflation, have made gold one of the most popular investment options in India. A few ways to invest in gold are to buy jewellery, coins, bars, sovereign gold bond schemes, gold funds, exchange-traded funds, and other goods. In India, the price of a gram of 22-karat gold is currently Rs 5,740, and a gram of 24-karat gold is Rs 6,262.
How Principal preservation can reduce risk while buying gold?
Investors are frequently given access to extra features in structured gold products, like principal preservation. These attributes have the potential to reduce risks and offer a more steady stream of income. It is far preferable to have a downside-preserved exposure to gold rather than an outright position in most assets during times of crisis when cash is king and all assets sell off.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62083 per 10 grams on the MCX, down 0.18 percent. Silver futures, which expire on March 5, 2024, gain 0.23 percent and were trading at Rs 74700 per kg on the MCX.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Delhi | 57550 |
| Kerala | 57400 |
| Pune | 57400 |
| Lucknow | 57550 |
| Patna | 57550 |
| Nagpur | 57400 |
| Chandigarh | 57400 |
| Surat | 57550 |
| Bhubaneswar | 57550 |
| Mumbai | 57400 |
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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