Gold Rate Today: Prices of yellow metal increase, silver dips; Should you wait?

The Good Returns states that the current price of gold in India is Rs 7,009 per gramme for 24 carat gold and Rs 6,425 per gramme for 22 carat gold.

Gold Rate Today

Gold Rate Today: The current gold rates in your city are listed below based on Good Returns. Gold has long been the most popular investment option in India, partly because gold investments increase in value and appreciate in value during uncertain economic times. Moreover, investing in gold may be a great way to diversify your portfolio and guard against inflation. Investing in gold in India is no longer limited to buying physical gold, because there are so many options available today. However, the today’s increased rate of gold can make people to stay back from buying heavy amount of golden items. Meanwhile, it is possible that the gold rate may increase or decrease in the near future. Many people wait for the rates to go down to buy them at a lower price.

Price of gold in some major cities

The following are the rates of gold of 22 karat in different cities of the nation. According to Good Returns, the rates are as follows.

Name of citiesPrices of 22k gold in rupees
Delhi64250
Kerala64400
Pune64400
Lucknow64250
Patna64250
Nagpur64400
Chandigarh64400
Surat64250
Bhubaneswar64250
Mumbai64400

Gold Rate Today: Checkout the rates on MCX

After increasing 0.23 percent shortly, gold futures with a maturity date of October 5, 2024 and a price of Rs 69861 per 10 grammes are currently trading at the MCX. However, silver futures with a September 5, 2024, maturity date are currently selling at Rs 80378 per kilogramme, down 0.29 percent from the previous transaction. Investors like to use gold as a hedge against potential economic downturns because of its historically low correlation with other financial assets. When gold prices rise, bond yields usually follow suit.

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 or it’s writer 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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