Gold Rate Update: Gold has long been seen as a safe haven investment due to its inverse relationship to the equity market. When the stock market crashes or declines, the demand for gold usually rises. However, gold is much more than just an investment choice for Indians. The problem frequently occurs when Indians purchase gold for both personal and investment purposes. In India, the current price of gold is Rs 5,785 for 22-karat gold and Rs 6,311 for 24-karat gold per gram.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57850 |
| Delhi | 58600 |
| Kerala | 57850 |
| Pune | 57850 |
| Lucknow | 58600 |
| Patna | 58600 |
| Nagpur | 57850 |
| Chandigarh | 57850 |
| Surat | 58600 |
| Bhubaneswar | 58600 |
Gold Rate Update: On MCX
The price of the 10-gram gold futures contract on the MCX increased by 0.21 percent on October 5, 2023, to Rs 62502. With delivery dates of September 5, 2023, the current value of silver futures contracts is Rs. 75955, down 0.28% from the contract’s value on December 5, 2023.
Know about the digital gold
Digital gold may now be purchased on a number of Fintech platforms. You can begin buying digital gold with as little as one rupee at the beginning. At market pricing, you can begin transacting digitally for gold and redeem it upon sale. The investment in digital gold is typically backed by real, physical gold because these platforms have partnerships with gold producers or traders. You have the option to receive actual delivery of gold for that amount in these transactions, or you can redeem your investment return value. It is crucial to remember that not every site offers the ability to select actual gold. Right now, this is among the most well-liked gold investment solutions available on the market.
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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