Last updated on: 3th Feb 2023 10:00 AM
Gondia is a city in the state of Maharashtra, India. The city has a rich cultural heritage and has a long history of gold trading and investment. There are several gold shops and jewellery stores in Gondia where residents can buy and sell physical gold, including bullion bars, coins, and jewellery. Additionally, there are various financial institutions in Gondia that offer gold investment options such as gold savings accounts, gold ETFs, and gold bonds. Gold is considered a safe haven asset and is widely used for investment purposes due to its stability and potential for appreciation.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,726.00 0.00 (0.00%) | ₹5,726.00 0.00 (0.00%) |
8gm | ₹45,808.00 0.00 (0.00%) | ₹45,808.00 0.00 (0.00%) |
10gm | ₹57,260.00 0.00 (0.00%) | ₹57,260.00 0.00 (0.00%) |
100gm | ₹5,72,600.00 0.00 (0.00%) | ₹5,72,600.00 0.00 (0.00%) |
Regarding investment options, gold is often seen as a haven. But how does gold compare to other investment options? Gold stacks up against some of the most popular investment choices. Here is a comparative analysis for your perusal:
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,726.00 90.00 (1.60%) | ₹5,453.00 85.00 (1.59%) |
01 Feb 2023 | ₹5,636.00 26.00 (0.47%) | ₹5,368.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,610.00 -16.00 (-0.28%) | ₹5,343.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,626.00 16.00 (0.29%) | ₹5,358.00 15.00 (0.29%) |
27 Jan 2023 | ₹5,610.00 -63.00 (-1.11%) | ₹5,343.00 -60.00 (-1.11%) |
26 Jan 2023 | ₹5,673.00 42.00 (0.75%) | ₹5,403.00 40.00 (0.75%) |
Central bank policies have a direct impact on the gold rate in Gondia. When the Central bank starts to increase interest rates, the demand for gold decreases as investors seek out higher-yielding investments. This causes the price of gold to fall. The opposite is true when interest rates are cut. Investors flock to gold as a haven investment and the cost of gold rises.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5636 | 5368 |
07 February 2023 | 0 | 0 |
Highest | 5726 | 5453 |
Lowest | 5636 | 5368 |
When it comes to Gold, purity is everything. After all, this is the metal we use to make wedding bands, engagement rings and other fine jewellery. So, how do jewellers in Gondia determine the purity of Gold?
There are a few different ways to test gold purity, but the karat system is the most common method. This system uses a scale of 24 parts, with 24 karats being pure Gold. So, if a piece of Gold is 14 karats, that means it's 14/24ths pure gold – or 58.3% pure.
The karat system is the most common way to measure gold purity in Gondia because it's easy to understand and relatively accurate. However, it could be better. For example, two pieces of 14-karat gold can have slightly different purity levels depending on how they were made (and what other metals were used in the alloy).
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