Last updated on: 3th Feb 2023 10:00 AM
Chilakaluripet is a city in the Guntur district of the Indian state of Andhra Pradesh. It is known for its agriculture and trade, with a thriving market for agricultural products and textiles. In recent years, Chilakaluripet has also become a hub for gold investment due to the presence of several gold dealers and jewellery shops.
Investing in gold is a popular option for many people in Chilakaluripet due to its perceived stability and reliability as an investment asset. Gold can serve as a hedge against inflation, currency fluctuations, and political and economic uncertainty, making it an attractive option for those seeking to diversify their portfolios.
Overall, Chilakaluripet provides a range of options for gold investment and has a vibrant gold market that continues to grow and evolve. As with any investment, it is important to do thorough research and consult with a financial advisor before making a decision.
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%) |
There are several factors that can affect the price of gold in Chilakaluripet or any other location. Some of these factors include:
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%) |
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.
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 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.
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 dispute
Here are some interesting facts about gold that will further pique your interest in this precious metal:
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5628 | 5360 |
05 February 2023 | 0 | 0 |
Highest | 5749 | 5475 |
Lowest | 5628 | 5360 |
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.
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How is the price of gold determined in Chilakaluripet?
What is Hallmark gold?
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