The bulk of gold purchased in the nation is in the form of gold jewellery, which is mostly purchased by Indian women. Men in India prefer to buy gold bars, biscuits, and coins as an investment since they do not have any making charges. Buying gold jewellery is usually expensive compared to gold coins, bars and biscuits since it has an additional expense associated with it in the form of manufacturing charges. Today the Gold rate in India is influenced by a variety of variables, including the demand and supply of gold, as well as the movement of gold prices in the foreign markets. Furthermore, the price of gold varies from one city to another. State taxes, carriage costs, and local associations all have an impact on the gold rates across the country. Moreover, talking about the Indian markets gold has a huge amount of sentimental value linked to it. This results in high demand for gold throughout the year. People consider gold to be a sign of richness and success. Indian ladies buy gold jewellery for a number of reasons. Moreover, doing some research about the gold rate in India before making any new purchase can help you in learning about the current market trends and prices in the gold market which can be beneficial for your investment.
Gold Rate in different cities of India
Gold Rate in Pondicherry
People of Pondicherry wear as well as gift gold in various festivals and family functions. Pondicherry has a huge demand for gold and since it has a port, you can get the gold prices here that are affordable than the rest of the country. However, it is important to check today’s gold rate in Pondicherry before making any purchase. The gold rate in Pondicherry today is INR 5174 per gram for 24 carat gold and INR 4928 per gram for 22 carat gold.
Gold Rate in Surat
Surat, is a commercial centre for textiles with a huge fabric business in the city. Along with fabric Surat is also famous for its diamond polishing business. Surat also has a huge demand for the yellow metal. However, it is essential to check the gold rate in Surat before making any purchase. Today the gold rate in Surat stands at INR 5383 per gram for 24 carat gold and INR 4907 per gram for 22 carat gold.
Gold Rate in Bhubaneswar
Bhubaneswar is famous for its temples and has a huge demand for gold as well. Most of the people here are fond of buying gold jewellery. People wear as well as gift gold in various festivals and family functions. However, it is important to check the gold rate today in Bhubaneswar before making any gold investment. Today Gold rate in Bhubaneswar stands at INR 5344 per gram for 24 carat gold and INR 4899 per gram for 22 carat gold.
Gold Rate in Chennai
Chennai, being famous for its bridal jewellery collection has a lot of demand for gold jewellery. However in order to buy gold in any form you should be aware about the gold price in Chennai. Moreover, today Gold rate in Chennai stands at INR 5358 per gram for 24K and INR 4911 per gram for 22K.
Read Also: Elements influencing CIBIL score