On a single ended connection, rca plug, you have signal + and 0v, sometimes called gnd. The signal positive is connected to the active circuit of the equipment, the 0v can go to chassis, directly back to the 0v in the psu or to the 0v on the circuit. It can be directly or indirectly connected to the chassis or psu, either via wire, a resistor, a capacitor or a diode or any combination thereof. If going to circuit it'll just be wired straight through.
Each of these terminations has a characteristic impedance, and ideally the one with the lowest impedance back to the mains should be your ground. But there's all kinds of exceptions.
If you have a phonostage with MC input there will be a resistor across signal and 0v, at the circuit input for cart loading, this is the number 1 point of rf ingress. The wire from TT to phono, or phono pre amp input, picking up rf. No extra cable will fix this, you either has to float the shield, with a filter of some sort, or slug the input with a small capacitor.
If not connected, or you have no phonostage/input then your issue lies elsewhere. Next question is does one of your components use a smps?
Actually, first question should be what's the type of noise that you have that needs fixing....