Traditionally, Gold has traditionally been a cherished asset for Indian households and is considered a safe option to park the money.
Gold Price Today: MCX gold futures for June expiry are 0.40 per cent up at 71,010.00 per 10 grams while MCX silver futures for July expiry are down marginally by 0.03 per cent at 81.200 per kg.
Gold prices held steady after the US Federal Reserve held interest rates steady at 5.25-5.5 per cent and indicated it is still leaning toward eventual cuts. Spot gold was little changed at $2,324.90 per ounce, a marginal increase of 0.57 per cent. US gold futures rose 0.7 per cent to $2,327.60.
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As per the Goodreturns website, the price of gold on May 2 stands at Rs 6,625 per gram for 22 karat gold and Rs 7,227 per gram for 24 karat gold (also called 999 gold).
Traditionally, Gold has traditionally been a cherished asset for Indian households and is considered a safe option to park the money. For long, the yellow has been seen as a hedge against inflation.
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First uploaded on: 02-05-2024 at 11:27 IST
