Gold Rate Update: Despite the fact that precious metals come in a wide range of forms, gold has a high investment value. Gold is one of the most popular investment options in India due to a number of factors, including its high liquidity and ability to outperform inflation. Gold can be purchased in the form of 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.
Checkout these small investment options
Options on gold futures or options on a gold ETF may be suitable for more experienced investors who do not want to risk a large amount of capital. These contracts represent the right to buy or sell an asset (gold in this case) at a specific price for a set period of time. Options can be used whether you believe the price of gold will rise or fall. If you make a bad guess, the most you can lose is the premium you paid to enter the contract. Put and call options on gold futures are available in the United States through the Chicago Mercantile Exchange and can be purchased and sold through a futures broker. Investors can also trade SPDR Gold Shares ETF options in a standard brokerage account that has been approved for options trading. Meanwhile, some traders buy and sell gold futures contracts (traded on CME under the symbol GC) in order to speculate on short-term price movements in the yellow metal.
Gold Rate Update: Checkout the rates on MCX
Gold futures with a February 5, 2024 maturity date were trading at Rs 62200 per 10 grams on the MCX, down 0.15 percent. Silver futures, which expire on March 5, 2024, gain 0.16 percent and were trading at Rs 74526 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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