Last updated on: 8th Mar 2023 06:30 AM
Rourkela, a city located in the Indian state of Odisha, is known for its growing economy and investment opportunities. With its thriving business community and increasing number of investors, Rourkela has become an attractive location for those looking to grow their wealth. One such investment option that has been popular for centuries is gold, a precious metal that is widely considered a safe haven for investors. From its stability to its growth potential, investing in gold has been a preferred choice among investors.
In this blog, we will explore the benefits of investing in gold in Rourkela and why it is a smart option for both seasoned and first-time investors. From understanding the basics of gold investment to exploring the different forms of gold investments available in the city, we aim to provide you with a comprehensive guide to make informed investment decisions in Rourkela.
Several factors affect the gold rate in Rourkela:
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹558.60 -1.10 (-0.20%) | ₹558.60 0.00 (0.00%) |
8 grams | ₹4,468.80 -8.80 (-0.20%) | ₹4,468.80 0.00 (0.00%) |
10 grams | ₹5,586.00 -11.00 (-0.20%) | ₹5,586.00 0.00 (0.00%) |
100 grams | ₹55,860.00 -110.00 (-0.20%) | ₹55,860.00 0.00 (0.00%) |
Both varieties of gold are comparable in many factors, and the common elements are as below:
Purity: 24K gold is pure gold, while 22K gold is 91.7% pure and 8.3% other metals.
Durability: 24K gold is softer and more malleable than 22K gold, making it more prone to scratches and dents.22K gold is more durable and resistant to wear and tear.
Price: 24K gold is typically more expensive than 22K gold due to its purity.
Uses: Traditional jewellery and ornaments use both varieties of gold. However, 22K is durable and has better utility.22K gold is commonly used in India and preferred for traditional jewellery.
Colour: The colour of 22K gold appears more yellow than 24K gold which is more orange.
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,586.00 0.00 (0.00%) | ₹5,120.69 0.00 (0.00%) |
08 Mar 2023 | ₹5,586.00 -11.00 (-0.20%) | ₹5,120.69 -10.08 (-0.17%) |
07 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
06 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
05 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
04 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
03 Mar 2023 | ₹5,597.00 16.00 (0.29%) | ₹5,130.77 14.67 (0.24%) |
02 Mar 2023 | ₹5,581.00 16.00 (0.29%) | ₹5,116.10 14.67 (0.24%) |
01 Mar 2023 | ₹5,565.00 10.00 (0.18%) | ₹5,101.44 9.17 (0.15%) |
28 Feb 2023 | ₹5,555.00 -15.00 (-0.27%) | ₹5,092.27 -13.75 (-0.23%) |
There are several methods to test the purity of Gold:
Note: These methods are not 100% accurate and should be used along with other methods for more accurate results. Professional jewellers and goldsmiths use a combination of methods to determine the purity of gold.
Gold, in its physical form, is prized all over India. However, there are several financial market instruments that investors can consider investing instead of traditional gold:
It is important to note that these alternatives offer different levels of liquidity, risk, and returns. Investors should thoroughly research and understand these factors before investing.
Why is 22K gold preferred over 24K gold in India?
22K gold is more durable and sturdier than 24K gold. Therefore, 22K gold is used extensively in making jewellery in India.
What is the major difference between Gold funds and Gold ETFs?
Is it better to buy traditional gold instead of investing in Gold ETFs and Gold mutual funds?
Can the price of gold go down?
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.