Last updated on: 8th Mar 2023 06:30 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.
You can invest in gold in several different ways. Below are some of the popular ones.
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%) |
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 |
---|---|---|
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%) |
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.
Several different factors can influence the gold rate in Nellore. Following are some of the prominent ones.
What is the GST on gold in Nellore?
GST (Goods and service taxes) applies to India's gold and other precious metals. The GST rate on gold in Nellore is 3%.
What is the import duty on gold in Nellore?
Can I take a loan against gold in Nellore?
What are the risks associated with investing in gold?
How much gold is lawfully allowed in India?
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.