Gold Rate Today in Narasaraopeta

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.

Difference Between KDM Gold and Hallmarked Gold

KDM gold and hallmarked gold are two different types of gold in terms of quality and purity.

• KDM Gold: KDM stands for "Karat gold Demarcation", It is a gold alloy with a small number of other metals such as copper, nickel or zinc. This type of gold is typically used in the manufacturing of electronic devices and is not considered pure gold. It is less expensive than pure gold and is more durable than pure gold.
• Hallmarked gold: Hallmarked gold is certified as meeting specific standards of purity and quality by the Bureau of Indian Standards (BIS). The BIS is the national standards body of India, and it certifies gold based on its fineness (purity). Hallmarked gold is considered pure gold, as it is made of pure gold and a small amount of alloy for durability. Hallmarked gold is considered of higher quality and purity than KDM gold.
• Purity: KDM gold is usually alloyed with other metals, so it's not pure 24-karat gold. While Hallmarked gold is certified by BIS and is of higher purity, usually 22 karats or 24 karats.
• Cost: KDM gold is less expensive than hallmarked gold because it is alloyed with other metals and thus contains less gold.
• Reselling: Hallmarked gold is considered to be of higher quality and is more valuable. Therefore, it will likely fetch a higher price when resold than KDM gold.

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.

How to check the purity of gold?

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:

• BIS Logo defines the certification of hallmarking on the specific gold object.
• Purity Grade or Fineness declares the ratio of gold content. 
• Manufacturer's or Jeweller's hallmark code

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.

Impact of GST on gold rates in Narasaraopeta

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.

Investment Options for gold in Narasaraopeta

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. 

• Gold Coins or Bullion: Due to zero making charges, gold coins or bullion are frequently sought after for investments. Traditionally, gold coins have been given as presents at festivals and during the wedding season.
• Gold Jewellery: It is the most popular option for investing in gold. Traditionally people prefer gold jewellery because of its lustrous nature.
• Gold ETFs: One of the most excellent methods to invest in gold is through an exchange-traded fund. It does not incur making charges and GST upon gold purchase. It matches the gold rates. These funds have 95% of physical gold. There is zero exit load and minimal expense ratio. 
• Sovereign Gold Bonds: SGBs are an attractive option for investors looking to invest in gold, as they provide the opportunity to earn a return on the investment while also enjoying the benefits of gold ownership, including tax benefits and liquidity.