Gold Rate Update: Prices slip further; Should you buy now? Check current rates in your city here

Gold Rate Update: Gold is a well-liked investment option all over the world because of its many advantages. If you’re wondering whether to buy gold or if investing in gold is a good idea, the answer is simple: gold is a safe haven and an inflation hedge that can help protect your portfolio from market volatility. As of now you can see on MCX that the proces of gold has been decreased by more than 1%. This decrease is for you if you want to buy gold right now. This may be a great time to invest in gold. There are several ways to invest in this precious metal, including through bullion, an ETF, and an individual retirement account (IRA). The current price of gold in India is Rs 5,320 per gram for 22k gold and Rs 5,804 per gram for 24k gold, commonly known as 999 gold.

Price of gold in some major cities

Gold Rate Update: On MCX

Each year, a lot of people decide to invest in gold. It is one of the oldest investment strategies used in the nation. The advantages of gold investment are numerous. On October 5, 2023, the price of the 10-gram gold futures contract on the MCX dropped by 0.47 percent to Rs 57575. The value of silver futures contracts with delivery dates of September 5, 2023 is Rs. 69870 at the moment, which is Rs. 1.03% less than the contract’s value on December 5, 2023.

This is how you can determine the purity of gold

If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint 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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