Last updated on: 8th Mar 2023 06:30 AM
Singrauli, a city located in the Indian state of Madhya Pradesh, is becoming a popular destination for gold investment. With its thriving economy and increasing standard of living, more and more people are looking to invest their money in this precious metal. Singrauli offers a wide range of investment options in gold, including coins, bars, jewelry and more, catering to the diverse needs of investors. The city is home to numerous reliable and trustworthy gold dealers who offer fair prices and ensure the authenticity of the gold. Additionally, the government's efforts to encourage investment in gold and other precious metals have made Singrauli an attractive destination for investors. If you're looking to invest in gold, Singrauli is a smart choice!
Here are a few critical points to be kept in mind before buying gold:
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%) |
This is the most traditional form of investing in gold, where an individual buys physical gold in the form of coins, bars or jewellery. This type of investment provides tangible ownership of the metal. It is commonly stored in a safe deposit box or with a trusted custodian. Physical gold can also be used as collateral for loans.
Gold ETFs are financial products that track the price of gold, allowing investors to invest in gold without physically holding it. These ETFs hold physical gold in a trust and are listed on stock exchanges, making them easily accessible for investment. They can be bought and sold just like any other stock, making them a convenient way to invest in gold.
These are professionally managed investment funds that invest in a diversified portfolio of gold-related stocks, bonds and other securities. Gold mutual funds provide exposure to the price of gold and the performance of the companies involved in the gold industry, providing a way to invest in gold with added diversification benefits.
Futures contracts are agreements between two parties to buy or sell a specified asset at a fixed price at a specified future date. Investing in gold futures allows investors to speculate on the future price of gold and can be used as a hedge against price volatility. However, it requires a significant amount of capital and a good understanding of futures markets, as futures contracts can be complex and carry substantial risks.
Investing in gold mining stocks provides exposure to the price of gold and the performance of the companies involved in the gold mining industry. This type of investment allows investors to participate in the exploration and production of gold but also carries additional risks, as the success of the investment depends on the success of the underlying mining company.
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%) |
The main reason for higher gold prices in Singrauli is the surge in demand for gold jewellery
When central banks buy more gold to add to their reserves, gold prices are affected
Gold prices in Singrauli are also affected by inflation and other national and international factors
India has to import large quantities of the yellow metal to meet demand.
Before purchasing gold, you should be aware of the factors that affect daily changing gold prices in Singrauli so that you can plan your time and amount of purchases accordingly. The following are the significant factors influencing gold prices:
What is the BIS Mark on gold products?
The Bureau of Indian Standards (BIS) mark denotes the authenticity of the gold item. This official logo is a triangular-shaped symbol with a dot inside it. Every authentic gold item must have the BIS mark on it.
Is GST charged on gold purchases?
What is a Gold ETF?
Is it better to invest in physical gold or gold ETFs?
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.