Gold Rate Today: Prices of precious metals surge; Check the current rates

Gold Rate Today: Imports and locally recycled domestic bullion provide the majority of the required quantity of gold. Therefore, in addition to worldwide prices, which are stated in US dollars, other factors that influence domestic gold rates are import tariffs and other levies. Despite the fact that the US dollar rate and bond rates have a significant impact on the price of precious metals, bullion is regarded as an inflation hedge. The following is a list of the current gold prices in major Indian cities.

Gold Rate Today: Price of gold in some major cities

Checkout the rates on MCX

Gold futures with a maturity date of October 5, 2024 and a price of Rs 69596 per 10 grams are presently trading at the MCX after rising 0.60 percent. Silver futures with a maturity date of September 5, 2024 are currently selling at Rs 83788 per kg on the MCX, up 1.37 percent from the previous trade. Due to its historically low correlation with other financial assets, investors prefer to utilise gold as a hedge against prospective economic downturns. Bond yields typically decrease in response to rising gold prices.

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