Gold prices in India do vary marginally across its various major cities. Here is the list of Cities mentioning its respective Gold rate (24 carat) per 10 gram. Gold in India is mainly used for jewelry and investment purposes, with India being one of the world’s largest consumer of gold. Gold in India is primarily considered a medium for investments, as is the case in other countries that use gold for industrial purposes.
Gold Rate (24K) as updated on 4 December 2019
|City||Rate per 10 Gram|
Gold, in the form of coins, bars and gems, is traditionally purchased in India. Nonetheless, new avenues of gold investment have recently opened up for investors to trade in gold. Gold based shares and mutual funds can now be invested by investors. ETFs (Exchange Traded Funds, for example) are simple financial instruments that combine stock-investment flexibility with gold-investment simplicity.
Another option to invest in gold is gold coins, biscuits and bars. Coins with different weights that can meet the different budgets can be obtained. Coins can be purchased from a bank or a certified showroom for jewellery. Bear in mind, though, that banks just sell and do not buy gold coins, so you have to sell it to a jeweler.
Gold comes in different types, such as chains, coins, gold and gemstones. The particular advantages and disadvantages of each type. If you want to sell rings later, then jewellery may not be the best choice and other types of gold investment may be considered. Today there are a lot of gold sellers online. Although online purchases may be practical, you only must take great care to purchase from confident certified sellers, as the scope of adulteration and cheating is widespread. Also, websites like paytm allows you to Buy and Sell Gold online in digital way rather than traditional way of buying and selling gold.