Gold Rate Today: Prices of precious metals dip; Check current rates in your cities here

Gold Rate Today: As everyone is aware, the price of gold and silver, two precious metals, has been rising over the past two to three days, and most investors who had purchased these metals have profited greatly from the sharp rise in value. However, due of the sharp increase in the price of these metals, new investors were delaying their investments. Meanwhile, the MCX data currently shows that both precious metals' values have dropped significantly. The MCX data shows that the price of gold has dropped by 0.90% and the price of silver has reduced by 1.19%. Additionally, since the prices of both metals have dropped, this can be a good moment to invest in them. However you may wait for the prices to drop even further.

Gold Rate Today: Checkout the rates on MCX

As of right now, the MCX is dealing in gold futures with a maturity date of October 4, 2024, and a price decrease of 0.90 percent to Rs 71180 per 10 grams. With a maturity date of September 5, 2024, the current price of silver futures on the MCX is Rs 83856 per kg, which is 1.19 percent less than the previous deal. The historically low correlation of gold with other financial assets makes it a popular choice for investors looking to hedge against prospective economic downturns. There is a tendency for bond yields to rise in conjunction with increasing gold prices.

Price of gold in some major cities as per Good Returns

The different rates of 22 carat gold in the following cities are mentioned below.

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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