Gold Rate Today in Ramanathapuram

The city of Ramanathapuram is also known as Ramnad and is one of the thirty-two administrative districts of Tamil Nadu. Ramanathapuram is one of those cities in the south that many rulers have ruled in the past. The Nayaks reigned the region for almost two centuries, so this place and the people living here always carry the bucket of royalty with them. Gold, the epitome of royalty, is one of the most significant metals in this city.

Gold has always been a precious metal for the people of south India because gold coins were used in the Roman Empire to exchange spices in the city of Cochin. Thus, people in the city of Ramanathapuram have always been very fond of gold and the colour gold. If you also wish to invest in gold here, then read on to learn more about the factors affecting the prices of gold in the city.

Comparison Between 24K and 22K Gold

It is straightforward to compare 22 karats and 24 karats of gold. 22 karats of gold are mixed with other metals to make them more flexible and durable. 22 parts of this type of gold are comprised of gold, and others are composed of metals like silver, zinc, nickel, and some other alloys. This type of gold is usually used to make jewellery; thus, they can be easily bent into different shapes and adjusted to different sizes. 
On the contrary, 24 karat of gold is the most unadulterated form of gold which is 99.9% gold. This type of gold is hard and cannot be used to make jewellery or ornaments. This type of gold is usually sold as bricks or biscuits. People tend to purchase these blocks of gold with the viewpoint of investment. 

Comparative Analysis of Gold vs other investment options in Ramanathapuram

People have become more inclined towards investing in various places after COVID-19. People have realised the importance of having emergency funds. People in the city of Ramanathapuram are more inclined towards investing in gold as the quality of gold available here is good. Moreover, keeping the traditional point of view, locals here like to buy gold and silver, which is believed to attract wealth and prosperity. 
When you talk about investment in mutual funds, bonds, shares etc., requires knowledge and patience. A person who has a piece of complete knowledge in this field can only expect profit and gains. Patience and spontaneousness are required while investing in the shares and bonds as you have to be alert when acquiring or releasing the shares and bonds. So, it is observed that people in Ramanathapuram have been investing in gold bonds actively for the past couple of years. In contrast, people are still more interested in investing in gold than in any other investment method.

How is the Purity of Gold Evaluated in Ramanathapuram 

The purity of gold in Ramanathapuram is evaluated in multiple ways. The most method of assessing the quality of gold is to go for the hallmarked gold. Hallmarked gold gives detailed information about the features and quality of your purchased gold. It will showcase the authorised logo, carat weight and even the finesse. Thus, people in Ramanathapuram always look for the BIS hallmark and the jeweller's product authorisation to check the purity of the purchased gold.

Interesting Facts About Gold in Ramanathapuram

The people of Ramanathapuram celebrate Akshaya Tritiya with immense joy and enthusiasm. People of the city of Ramanathapuram buy gold and jewellery on this particular day as it is believed to be lucky and brings prosperity to the family. 
The city of Ramanathapuram is located in Tamil Nadu. Tamil Nadu and Kerela are two states in South India that are well-known for their gold markets. According to the reports, these two states alone are responsible for 40% contribution to the gold market of India.