Gold prices rose in India on Friday, according to data from India's Multi Commodity Exchange (MCX).
Gold prices rose in India on Friday, according to data from India 's Multi Commodity Exchange . Gold price stood at 72,116 India n Rupees per 10 grams, up INR 205 compared with the INR 71,911 it cost on Thursday. As for futures contracts, Gold prices increased to INR 71,620 per 10 gms from INR 71,214 per 10 gms. Prices for Silver futures contracts increased to INR 82,924 per kg from INR 82,417 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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