Last updated on: 3th Feb 2023 10:00 AM
Nellore is a city in India situated on the banks of the Penna river in the state of Andhra Pradesh. It is known for its cultural heritage and famous temples. The demand for gold in the city is relatively high, and this affects the gold rate in Nellore. The city has a vibrant gold market with many reputed jewellery stores on or around its shopping hub, Mandapala street.
In Nellore, most people have a strong cultural affinity to gold. Therefore, its demand is quite high in Nellore. Weddings, festivals, and religious ceremonies are some of the popular occasions when gold is bought.
Let's look at the gold rate in Nellore and how it is affected by various factors.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,749.00 0.00 (0.00%) | ₹5,749.00 0.00 (0.00%) |
8gm | ₹45,992.00 0.00 (0.00%) | ₹45,992.00 0.00 (0.00%) |
10gm | ₹57,490.00 0.00 (0.00%) | ₹57,490.00 0.00 (0.00%) |
100gm | ₹5,74,900.00 0.00 (0.00%) | ₹5,74,900.00 0.00 (0.00%) |
Several different factors can influence the gold rate in Nellore. Following are some of the prominent ones.
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,749.00 121.00 (2.15%) | ₹5,475.00 115.00 (2.15%) |
01 Feb 2023 | ₹5,628.00 23.00 (0.42%) | ₹5,360.00 22.00 (0.42%) |
31 Jan 2023 | ₹5,605.00 -13.00 (-0.23%) | ₹5,338.00 -12.00 (-0.22%) |
30 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,618.00 6.00 (0.11%) | ₹5,350.00 5.00 (0.10%) |
27 Jan 2023 | ₹5,612.00 -37.00 (-0.65%) | ₹5,345.00 -35.00 (-0.65%) |
26 Jan 2023 | ₹5,649.00 37.00 (0.66%) | ₹5,380.00 35.00 (0.66%) |
You can invest in gold in several different ways. Below are some of the popular ones.
Do you know the distinction between 22 Kand 24 K gold? The main difference between both is that 22-karat gold is about 91.6% pure gold, while 24-karat is 99.9% pure gold. This means that the latter has a higher purity and value. Therefore, if you are looking for the best quality gold, it is best to go for 24-karat gold which is only available as coins and bars and can be an excellent investment option. Furthermore, the rate of gold in coins and bars will be more reflective of the international market rate.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5628 | 5360 |
07 February 2023 | 0 | 0 |
Highest | 5749 | 5475 |
Lowest | 5628 | 5360 |
Caution is key when it comes to buying gold. Be sure to buy only from authorised dealers with proper certifications and licenses. The dealer should be able to provide you with a proper bill and hallmark certificate for the gold. Also, always check for the purity of gold before buying, as it is essential to ensure you get the correct value for your money. Finally, remember that gold rates can change quickly, and it is wise to keep an eye on the market before investing.
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