Gold Rate Today in Dibrugarh

Dibrugarh in Assam is a quaint industrial city close to its state capital, Dispur. The town is well known for its natural richness and plethora of temples. Gold is primarily used in jewellery and ornaments, also seen as a stable investment option by the people of Dibrugarh. Despite the presence of several industries, gold is seen mostly from an investment point of view here. 
Even though Indians also have other stable investment channels like real estate, land, and other financial instruments, holding gold is paramount. The people of Dibrugarh are known for buying gold from coins, bars, or jewellery. Buying gold on festive or auspicious occasions is a tradition for common people across economic classes. This ensures that gold prices in Dibrugarh are always stable or rising and are seen as a secure investment option, especially during volatile market conditions. 
If you are planning to buy gold in Dibrugarh, here is a look at the gold prices in Dibrugarh today and the factors that determine the price of gold in the city. 

Who Decides The Gold Rates In Dibrugarh?

The Indian Bullion Jewellers Association (IBJA) plays a crucial role in regulating the prices of gold in Dibrugarh and other parts of India. However, while gold prices are regulated in India, gold sellers, jewellery makers, banks, and suppliers can add their fees, increasing the actual price of gold that you buy. Thus, it is always important to check today’s gold prices in Dibrugarh and check several options when buying gold in the city. 
 

Physical Gold Vs Digital Gold

Despite the popularity of investing in gold in Dibrugarh, not many people are aware of the multiple digital gold investment opportunities. For instance, physical gold is seen as a stable investment option since the prices of gold are stable or constantly increasing. However, buying gold jewellery means you have to pay for making charges, which can add up to 10% to the overall price. 
 

If buying gold only for investment options, a gold ETF (Exchange Traded Fund) is a great way to invest in the metal. The fund’s price is linked to that of gold or gold-related commodities, making this fund extraordinarily safe and ideal for the long term. Also, unlike gold biscuits, bars, or coins, you do not have to sell the entire quantity to get returns. You can only sell part of the gold as per requirement, retaining the overall investment and reaping its benefits. 
 

Other options for investing in gold include Gold Fund of Fund, Sovereign gold bonds, and other investment options that are SEBI regulated.

How Is The Purity Of Gold Evaluated In Dibrugarh?

There are several methods for evaluating the purity of gold in Dibrugarh. One common method is using a gold testing kit, which allows you to determine the purity of gold using a small sample of the metal. These kits typically use a chemical reaction to determine the gold content of the sample and can accurately determine the purity of gold up to 24 karats.
There are two tests mostly done to check the purity of gold.

• Acid Test where just a drop of acid is put on the piece of gold. If the chuck of gold reacts, it means it is not pure.
   
• XRF (X-ray fluorescence spectrometers) test, which is more expensive than the acid test, detects if any other metal is mixed with gold. 

For a layman, the purity of gold can be evaluated using the standards prescribed by the Bureau of Indian Standards (BIS), which certifies the purity of gold. When buying gold in physical format, always look for the BIS hallmark logo and the identification mark of the authorized jeweller. This ensures that the gold you buy is from a credible source and certified by an authorized laboratory in India. 

Factors That Impact Gold Prices In Dibrugarh

Several factors can affect the price of gold in Dibrugarh, including:
 

Global economic conditions: Gold is often seen as a safe haven asset, and demand for gold can increase during times of economic uncertainty or instability.
 

Demand for gold: The price of gold is influenced by the overall demand for the metal, both locally and globally.
 

Central bank policies: Central banks hold significant amounts of gold in their reserves, and their buying and selling activities can influence the price of gold.
 

Geopolitical events: Unforeseen events such as wars, natural disasters, and political unrest can affect the price of gold.
Currency values: The price of gold can be affected by the value of other currencies, as gold is often seen as a hedge against currency depreciation.

Interest rates: Higher interest rates can make gold less appealing to investors, as it provides no income and carries storage and insurance costs.
 

Inflation: Gold is often used as a hedge against inflation, as it tends to retain its value over time.