Last updated on: 8th Mar 2023 06:30 AM
Gudiyatham is a town in the state of Tamil Nadu, India. The town has a rich cultural heritage and has a long history of gold trading and investment. There are several gold shops and jewellery stores in Gudiyatham where residents can buy and sell physical gold, including bullion bars, coins, and jewellery. Additionally, there are various financial institutions in Gudiyatham 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.
Gold and fixed deposits are thought to be the most popular low-risk investment options. Both are investments that are safe and guarantee consistent returns.
Despite its volatility, gold is a popular investment option in India due to its cultural significance. Liquidity is one of the primary factors that influence people's decision to invest in gold. While fixed deposits and gold both have low risk and guaranteed returns, it's crucial to recognise their unique qualities and pick the one that best meets your needs. A few differences between gold and FD are as follows:
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%) |
There are a few indicators that you should check to ensure that you are purchasing pure gold. Here are a few indicators that will guarantee the quality of the metal you are purchasing:
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%) |
The key difference between 24K gold and 22K gold is purity, durability, and cost.
24K gold has a purity of 99.9%, signifying that it consists of approximately 99% gold while that of 22K gold is 91.67%, signifying that it comprises 91% gold and 9% of other metals.
Also, the 24K gold, might have brilliant colour and be gorgeous to look at, but jewellery made of 24K gold is not durable, as it is too soft to wear and tear. On the other hand, the presence of other metals (9%) in 22K gold makes it more durable.
Finally, 24K gold costs more than 22K gold as it consists of 99.9% gold.
India is one of the biggest consumers of gold, and changes in the price of this metal on the global market significantly affect prices in India. Here are a few factors that impact the price of gold:
What is Hallmark gold?
Hallmarking is the procedure used to confirm the purity of gold. BIS (Bureau of Indian Standards) is in charge of the procedure in India. Therefore, it would be wise to get jewellery that is BIS-hallmarked.
Are there any alternatives to physical gold?
Is gold a good investment?
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