Gold Rate Today in Anantapur
Last updated on: 8th Mar 2023 06:30 AM
Anantapur is a town in the Anantapur District of Andhra Pradesh. It is one of the 16 municipal corporations in the state and is often referred to as 'Anantapuramu' or 'Anantapur'. The city is a part of Rayalaseema, a geographical region located in southern Andhra Pradesh.
The city is also a hub for gold trade. It is home to a vibrant community of jewellers and artisans who have been perfecting their craft for generations. Most shops are located in Sapthagiri Circle, Gandhi Bazar, and the Railway Feeder Road areas of the city.
Gold Rate Comparison - 22K vs 24K
Alternatives to Physical Gold in Anantapur
Physical gold commands a special place among gold investors in Anantpur. But it comes with the risk of security threats. Moreover, owning physical gold entails creating space. So, naturally, many people are inclined to explore gold investment options beyond physical gold. Here's a sneak peek into some of them:
Gold Exchange Traded Funds (Gold ETF)
Gold ETFs are physical gold units in paper or dematerialised form. One Gold ETF unit is equivalent to one gram of gold. Gold ETFs are traded on the stock exchange like shares. Hence, you need a Demat account to operate them.
Sovereign Gold Bonds (SGB)
Sovereign Gold Bonds are securities backed by the Government of India. Issued by the Reserve Bank of India (RBI), they are popular alternatives to owning physical gold. You will receive a certificate with a fixed tenure remember that SGBs can be bought and redeemed only in cash.
Digital Gold
Digital gold is a way to buy and own physical gold virtually. To elaborate, you do not own physical gold directly, but the equivalent value is stored in secure vaults by the seller. Digital gold was popularised by the country's leading payment aggregators.
Today's 22K & 24K Gold Rates Per Gram in Anantapur
| Gram | Yesterday | Today |
|---|---|---|
| 1 gram | ₹549.70 -0.50 (-0.09%) | ₹549.70 0.00 (0.00%) |
| 8 grams | ₹4,397.60 -4.00 (-0.09%) | ₹4,397.60 0.00 (0.00%) |
| 10 grams | ₹5,497.00 -5.00 (-0.09%) | ₹5,497.00 0.00 (0.00%) |
| 100 grams | ₹54,970.00 -50.00 (-0.09%) | ₹54,970.00 0.00 (0.00%) |
Gold vs. FD
Both gold and fixed deposits are popular investment instruments. However, both share some differences, too. To begin with, returns from FD are guaranteed and fixed. Market fluctuations or economic conditions don’t affect your interest income.
On the other hand, gold rates can fluctuate. This is because gold rates get decided daily. They could go up or down based on economic conditions. But per historical trends, gold rates have always gone up in the longer term.
Historical Gold Rate in Anantapur for Last 10 Days
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹5,497.00 0.00 (0.00%) | ₹5,039.10 0.00 (0.00%) |
| 08 Mar 2023 | ₹5,497.00 -5.00 (-0.09%) | ₹5,039.10 -4.58 (-0.08%) |
| 07 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
| 06 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
| 05 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
| 04 Mar 2023 | ₹5,502.00 -3.00 (-0.05%) | ₹5,043.68 -2.75 (-0.05%) |
| 03 Mar 2023 | ₹5,505.00 8.00 (0.15%) | ₹5,046.43 7.33 (0.12%) |
| 02 Mar 2023 | ₹5,497.00 30.00 (0.55%) | ₹5,039.10 27.50 (0.46%) |
| 01 Mar 2023 | ₹5,467.00 6.00 (0.11%) | ₹5,011.60 5.50 (0.09%) |
| 28 Feb 2023 | ₹5,461.00 -10.00 (-0.18%) | ₹5,006.10 -9.17 (-0.15%) |
How is the Purity of Gold Evaluated in Anantapur?
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.
Some Interesting Facts on Gold
Every investor must understand the asset they intend to invest in. So, here are some interesting facts about gold:
- Gold melts at temperatures as high as 1064 degrees centigrade.
- Almost 90% of gold in the earth's crust has already been mined.
- Gold is one of the most malleable metals. Its purest form can be moulded by hand.
- The purest form of gold is non-toxic and edible.
- Gold metal flakes are eaten with many sweets and foods.
FAQs of Gold Rate in Anantapur
What are the most popular gold jewellers in Anantapur?
Here is the list of a few gold jewellers in Anantapur:
- Tanishq
- Malabar Gold & Diamonds
- Gold Diamond Jewellery
- Khazana Jewellery Pvt Ltd
- Bhagya Lakshmi Jewellers
- Riti Jewellery
- Sri Lalitha Jewellers
- Surya Jewellery Mart
What are the key benefits of digital gold?
Will digital gold attract tax?
Do SGBs have a lock-in period?
Sovereign Gold Bond
2.5% p.a. + Gold price increase
- RBI issued bonds
- Best deals filtered for you
- Tax exempted when held till maturity
Gold Rates in Popular Cities of India
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.