Gold rate in Adoni
Last updated on: 3th Feb 2023 10:00 AM
Adoni is a famous city of Andhra Pradesh located in its Kurnool district. Adoni is popular for being a large cotton producer and an industrial hub. Due to this, there is a large investment made in gold by the natives of Adoni. This large investment increases the demand for gold in the city.
An increase in the demand for gold has resulted in market price fluctuations. The increase in awareness regarding gold investment is also one of the reasons behind these fluctuations. So, you must stay updated with the current gold rates in Adoni if you wish to invest in the precious yellow metal here. Read on to learn more about the gold investment options in Adoni.
22K & 24K Gold Rates Per Gram in Adoni
| Gram | Yesterday | Today |
|---|---|---|
| 1gm | ₹5,749.00 0.00 (0.00%) | ₹5,749.00 0.00 (0.00%) |
| 8gm | ₹45,992.00 0.00 (0.00%) | ₹45,992.00 0.00 (0.00%) |
| 10gm | ₹57,490.00 0.00 (0.00%) | ₹57,490.00 0.00 (0.00%) |
| 100gm | ₹5,74,900.00 0.00 (0.00%) | ₹5,74,900.00 0.00 (0.00%) |
Why invest in Gold in Adoni?
Gold is also considered important for gifting purposes during weddings or important festivals in Adoni. Here is a list of purposes which must be considered to invest in gold in Adoni:
Gifting purposes
In Adoni, gold is considered a precious gift to give to loved ones on special occasions. Therefore, gold coins and jewellery are extremely popular in Adoni regarding gifting. Moreover, people in Adoni purchase gold as it is a great option for investment and securing the future.
Personal Use
Whether it be males or females, they prefer gold jewellery for personal use. Several jewellers in Adoni offer a range of interesting designs for you to choose from for your usage.
Long-term investment purposes
Gold is a great option for investors in Adoni if they are looking for a long-term investment. There has been an increase in investment in the city due to more awareness among locals. Moreover, due to the increase in resource depletion, gold investments are considered a smart option for all investors and buyers. This is why so many investors put their stocks in gold and purchase it for future use.
Historical gold rates in Adoni in last 10 days
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 04 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
| 03 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
| 02 Feb 2023 | ₹5,749.00 121.00 (2.15%) | ₹5,475.00 115.00 (2.15%) |
| 01 Feb 2023 | ₹5,628.00 23.00 (0.42%) | ₹5,360.00 22.00 (0.42%) |
| 31 Jan 2023 | ₹5,605.00 -13.00 (-0.23%) | ₹5,338.00 -12.00 (-0.22%) |
| 30 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
| 29 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
| 28 Jan 2023 | ₹5,618.00 6.00 (0.11%) | ₹5,350.00 5.00 (0.10%) |
| 27 Jan 2023 | ₹5,612.00 -37.00 (-0.65%) | ₹5,345.00 -35.00 (-0.65%) |
| 26 Jan 2023 | ₹5,649.00 37.00 (0.66%) | ₹5,380.00 35.00 (0.66%) |
Important aspects of buying gold in Adoni
Before buying gold in Adoni, you must consider the following aspects:
- Purity levels of gold items are determined by the Bureau of Indian Standards (BIS). Therefore, always check for the BIS mark on the gold product.
- Always keep track of the updated daily price of gold. Cross-check with the seller about the price per gram.
- There are various purity levels of gold, such as 19K, 21K, 22K, and 24K. Purity depends upon the ratio of other elements added to gold.
- It would be best if you always insisted on a detailed bill from the seller. A detailed bill includes making charges for the jewellery, import duty, GST, and other hidden charges.
Weekly & monthly gold rate in Adoni1 gram
What is KDM gold?
KDM gold is gold crafted with cadmium (also spelt as kadmium). Cadmium is used as a solder to bind soft gold. This process is used in jewellery making. Cadmium is preferred over other metals because it has a lower melting point. The ratio of gold to cadmium is 92:8, so went you buy KDM jewellery, it has 92% gold and 8% cadmium.
Trend of Gold rates in Adoni
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 01 February 2023 | 5628 | 5360 |
| 07 February 2023 | 0 | 0 |
| Highest | 5749 | 5475 |
| Lowest | 5628 | 5360 |
How is the Purity of Gold Evaluated in Adoni?
Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.
The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.
BIS Mark
Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.
Karat
Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.
Jewellers Identification Mark
The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.
FAQs of Gold price in Adoni
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