Gold price today in India is down by Rs 10 at Rs 72,150 for the 24 carat variety and that of 22-carat gold too is down by Rs 10 at Rs 66,140. Gold price of 18 carat variety is down by a similar amount at Rs 54,120 on Friday morning. The precious metal was down by the same amount in yesterday morning’s trading. At the same time, the price of silver today in India is down by Rs 100 and it is ruling at Rs 90,600, as per GoodReturns.
Gold price today in major cities for 24 carat variety:
Gold price in Mumbai today: 72,150
Gold price in Delhi today: 72,300
gold price Chennai today: 72,150
Gold price in Bengaluru today: 72150
Gold price in Pune today: Rs 72150
Gold and investors
Notably, all investors at every level of the gold market should ideally have a gold component in their investment portfolio. It will ensure there is a good diversification in the portfolio to safeguard the investor during economic downturns or volatility in the equity markets. It holds its value the best.
As can be seen in our daily reports, the price of gold does go up and down a lot, but if you look back in history, it is an asset class that keeps the price steady and rising. In effect, investors must not take decisions based on daily fluctuations. For instance, over the long term, exercise patience and avoid reacting to short-term price movements.
Investors should be aware of what is happening in the wider world regarding politics, economies and central government policies of some of the most developed countries. These indicators and events can affect the gold market. By the way, in case you want to buy at a low and sell at a high, then that is a good general idea. However, trying to time the market is not the best way forward and your decisions should be based on more fundamental reasons.
Gold price today in India is down by Rs 10 at Rs 72,150 for the 24 carat variety and that of 22-carat gold too is down by Rs 10 at Rs 66,140. Commodities Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
