Last updated on: 8th Mar 2023 06:30 AM
Gold has been a reliable investment option for centuries, with its value often rising during times of economic uncertainty. Narasaraopeta, a city located in the southern Indian state of Andhra Pradesh, is no exception to this trend. In this blog, we will explore the various options available for gold investment in Narasaraopeta and the benefits and risks associated with each.
From gold coins and bars to exchange-traded funds and jewellery, there is no shortage of options for those looking to invest in this precious metal. Whether you are a seasoned investor or just starting out, this guide will provide you with valuable information to help you make informed decisions about your gold investment in Narasaraopeta.
KDM gold and hallmarked gold are two different types of gold in terms of quality and purity.
When buying gold, it is essential to be aware of the type of gold you are purchasing and to consider factors such as purity, cost, and resale value. It's always good to buy Hallmarked gold to ensure the quality and purity of the gold.
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%) |
In Narasaraopeta, every gold product is sold with proof of authenticity. It is challenging to determine the purity of KDM gold.
You can check the purity of hallmarked gold by looking at these symbols:
Some jewellers defraud their clients in the name of gold, which has a hallmark.
To prevent this, you can find a list of Narasaraopeta's authorised jewellers on the BIS website.
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%) |
A GST of 3% is applicable on gold rates in Narasaraopeta. Additionally, if you wish to purchase gold objects or jewellery, then you will have to pay 5% GST on the making charges as well. While GST has pushed gold prices further, there has been no visible impact on the demand.
Gold is a safe investment option. High demand and low supply are the reasons that don't let the gold price go down. There are several ways to invest in gold in Narasaraopeta.
Where to buy gold jewellery in Narasaraopeta?
Narasaraopeta has hundred of jewellers. gold rates vary from different jewellers. You can buy gold jewellery from any of these jewellers, which follow the international rate of gold in Narasaraopeta.
How to calculate the cost of gold jewellery?
How can I sell my gold?
What are the factors affecting gold prices?
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.