Gold Rate Today: The price of gold has just increased slightly, so you might want to postpone investing. Gold has traditionally shown itself to be durable in erratic economic situations, often rising in value when other assets fall in value. Its value often holds steady or even rises in an uncertain economy. The ongoing decline of the US dollar relative to the Indian rupee is one aspect of the Indian financial scene that sets it apart. Given that gold tends to appreciate in value in response to fluctuations in currency rates, it has gained popularity as a stand-in.
Gold Rate Today: Price of gold in some major cities
The following rates of 22 carat gold of different cities of the nation are as follows.
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 66700 |
| Delhi | 66850 |
| Kerala | 66700 |
| Pune | 66700 |
| Lucknow | 66850 |
| Patna | 66850 |
| Nagpur | 66700 |
| Chandigarh | 66700 |
| Surat | 66850 |
| Bhubaneswar | 66850 |
Checkout the rates on MCX
The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields. With a slight increase of 1.80 percent, gold futures with a October 4, 2024 maturity date are trading at Rs 71395 per 10 grams on the MCX. The price of silver futures, which mature on September 5, 2024, saw an increase of 0.05 percent, and are trading at Rs 83256 per kg on the MCX.
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