Gold price on April 16: Rates in main Indian cities

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Gold price on April 16: Rates in main Indian cities
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Gold prices rose in India on Tuesday, according to data from India's Multi Commodity Exchange (MCX).

Gold prices rose in India on Tuesday, according to data from India 's Multi Commodity Exchange . Gold price stood at 72,985 India n Rupees per 10 grams, up INR 666 compared with the INR 72,319 it cost on Monday. As for futures contracts, Gold prices increased to INR 72,461 per 10 gms from INR 72,277 per 10 gms. Prices for Silver futures contracts decreased to INR 83,515 per kg from INR 83,851 per kg.

Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

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