Last updated on: 8th Mar 2023 06:30 AM
Seoni is an essential town in Madhya Pradesh famous as a tourism and cultural hub. It is home to the famous Pench Tiger Reserve and various temples across the city. Many of the locals are employed in the travel and tourism sector and earn a stable income. To secure their future, residents of Seoni prefer investing in various assets, including gold.
Over the last several years, gold has become a popular precious metal for investors. Steady returns and lesser volatility have contributed to its popularity. If you also want to invest in gold in Seoni, there are several factors that you must consider. Read on to learn more about gold rates in Seoni and if you should invest in this precious metal.
You are not alone if you are conflicted about investing in paper or physical gold. Numerous investors cannot decide about the suitability of both forms of gold. Here is a comparative analysis for your perusal:
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹552.10 -1.00 (-0.18%) | ₹552.10 0.00 (0.00%) |
8 grams | ₹4,416.80 -8.00 (-0.18%) | ₹4,416.80 0.00 (0.00%) |
10 grams | ₹5,521.00 -10.00 (-0.18%) | ₹5,521.00 0.00 (0.00%) |
100 grams | ₹55,210.00 -100.00 (-0.18%) | ₹55,210.00 0.00 (0.00%) |
As per the latest decision of the GST Council, 3% GST is applicable on gold. In addition, 5% GST is also applicable on making charges. As a result, gold rates in Seoni have undergone a substantial increase. But this increase did not affect the demand for gold which is growing steadily.
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,521.00 0.00 (0.00%) | ₹5,061.10 0.00 (0.00%) |
08 Mar 2023 | ₹5,521.00 -10.00 (-0.18%) | ₹5,061.10 -9.17 (-0.15%) |
07 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
06 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
05 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
04 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
03 Mar 2023 | ₹5,531.00 15.00 (0.27%) | ₹5,070.27 13.75 (0.23%) |
02 Mar 2023 | ₹5,516.00 16.00 (0.29%) | ₹5,056.52 14.67 (0.24%) |
01 Mar 2023 | ₹5,500.00 11.00 (0.20%) | ₹5,041.85 10.08 (0.17%) |
28 Feb 2023 | ₹5,489.00 -16.00 (-0.29%) | ₹5,031.77 -14.67 (-0.24%) |
Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.
The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.
Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.
Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.
The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.
If you wish to buy gold in Seoni, there are two popular options, i.e., online or offline. Read on to learn more about them and understand the better option for you:
Paper Gold: If you wish to invest in paper gold, you must do so online. You need to connect your bank account with your Demat account and then use an online platform to buy gold units. You can opt between gold mutual funds, ETFs, bonds, or other digital assets backed by gold. The buy and sell transactions are completed within a few minutes, and you need not go anywhere for the same.
Physical Gold: You can purchase physical gold both online and offline. You can visit a reliable local jeweller in Seoni and purchase the desired gold products. The popular gold products in Seoni are coins, bars, jewellery, ornaments, and others. Else, you can visit the website of a reliable jeweller online and then place the order for desired gold products. The delivery will be made to your address in the given timeframe. In this case you must insist on buying hallmarked gold with the BIS logo.
Will gold be worth more in the next ten years?
While prices of gold show volatility in the short term, in the long run, they exhibit steady growth. As the demand for gold grows across various sectors, it is safe to assume that gold will be worth more in the next ten years.
How many grams of gold are present in one 'tola' of gold?
When is the best time to buy gold?
Is paper gold a safe investment option?
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.