Gold prices rose in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).
Gold prices rose in India on Wednesday, according to data from India 's Multi Commodity Exchange . Gold price stood at 71,911 India n Rupees per 10 grams, up INR 554 compared with the INR 71,357 it cost on Tuesday. As for futures contracts, Gold prices decreased to INR 70,972 per 10 gms from INR 71,029 per 10 gms. Prices for Silver futures contracts increased to INR 80,690 per kg from INR 80,678 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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