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For over hundreds of years now, gold is considered to hold immense religious devotion, especially in the Indian culture. Buying gold is said to bring good fortune to one’s destiny and is considered to be a sign of power and status. The demand for gold is always high all over India including the city of Pondicherry. People in Pondicherry have immense admiration towards buying gold since it is considered to be a safe investment option. The demand for gold in Pondicherry is high during the time of festivals and weddings. Gold rates in Pondicherry change depending on its demand and supply which directly has an impact on its rate. No matter what the gold rate in Pondicherry is, people cannot say no to buy this precious metal. Gold rates in Pondicherry can easily be checked online or at a jewellery shop or showroom.
Gold is touted to be an undying passing amongst people in Pondicherry. People in the city are always on the lookout for checking gold rates as it helps them determine the right day to purchase gold at a lower price. However, gold rates fluctuate each day due to a number of factors that directly have an impact on its price. So, here are a few factors that affect gold rate today in Pondicherry.
For people in Pondicherry, gold is not just a beauty enhancer, but also an excellent investment option that holds immense value. Gold, as we know, can withstand any economic volatility and save you in times of distress. However, before buying gold in Pondicherry, here are a few things that one needs to check in order to make a secure gold investment.
Trend of Gold Rate in Pondicherry for September 2019
|Lowest Gold Price on||11 Sep 2019||₹38,174|
|Highest Gold Price on||04 Sep 2019||₹39,604|
|Gold Price on||01 Sep 2019||₹38,827|
Trend of Gold Rate in Pondicherry for August 2019
|Lowest Gold Price on||01 Aug 2019||₹34,828|
|Highest Gold Price on||29 Aug 2019||₹39,185|
|Gold Price on||01 Aug 2019||₹34,856|
|Gold Price on||31 Aug 2019||₹38,798|
Trend of Gold Rate in Pondicherry for July 2019
|Lowest Gold Price on||01 Jul 2019||₹33,748|
|Highest Gold Price on||19 Jul 2019||₹35,443|
|Gold Price on||01 Jul 2019||₹33,782|
|Gold Price on||31 Jul 2019||₹35,084|
Trend of Gold Rate in Pondicherry for June 2019
|Lowest Gold Price on||14 Jun 2019||₹32,730|
|Highest Gold Price on||26 Jun 2019||₹34,809|
|Gold Price on||01 Jun 2019||₹32,189|
|Gold Price on||31 Jun 2019||₹34,197|
While investing in gold jewellery has always been ones favourite option, you can also look to invest in modern-day options that too promise to be a stable investment option.
It is important to check the price of gold as even a minute variation in its rate can result in a major loss. Today, the prices are quite high when compared to that of a decade ago. Individuals are advised to compare the gold rates charged by jewellers in the city. Those who are well-established are likely to charge more in making charges for gold. If one finds that the making charges of gold is significantly high in one store, it is recommended to evaluate the rates charged by other goldsmiths or jewellers. By doing so, the individual might be able to find one whose rate fits his or her budget.
Gold jewelleries that are hallmarked by the Bureau of Indian Standards will bear the BIS logo. This is evidence that the gold purity has been verified in one of the licensed laboratories of the bureau. However, it is essential to note that BIS hallmarking is not mandatory - not all jewellers offer hallmarked BIS jewellery. Some offer their in-house hallmarking of jewellery which is not verified by the national standards body of India. Before to buying gold jewellery, it is essential to check with the jeweller whether they offer BIS hallmarked ornaments.
Before GST, the tax charged on gold was - 1% service tax and 1% VAT. Today, the GST levied on gold is 3%. Additionally, there is a 5% making charge on gold. The GST council had initially planned to levy 18% as gold making charges. However, when the new tax regime came into force, the council kept it at 5%.
Gold rates in Pondicherry are determined by the Indian Bullion Association Ltd. (IBJA) that consists of prominent jewellers. Gold rates in Pondicherry are fixed twice a day i.e. in the morning known as opening rate and in the evening known as the closing rate. While fixing the gold rate in Pondicherry, ‘buy’ and ‘sell’ quotes given by the gold dealers is considered and an average rate is arrived upon accordingly. The average rate is adjusted for local taxes and the gold rate is arrived on accordingly. Also, the above factors are taken into consideration for determining the gold rate in Pondicherry.
The different ways by which a user can buy gold include:
As seen from the points mentioned above, gold as an investment can help hedge against inflation. Overtime, its returns would be in line with the rate of inflation. Another reason for preferring this investment route is because gold is negatively correlated to equity investments. From 2007, equity markets were not performing very well, whereas gold did. Thus, making gold part of one’s portfolio mix can help reduce the overall volatility of the portfolio.
What is gold rate today in Pondicherry?
You can check the gold rate today in Pondicherry online or at the nearest jewellery store
Is gold rate and silver rate same in Pondicherry?
No, gold rates and silver rates in Pondicherry are not the same.
What is the gold rate in Pondicherry’s Lalithaa jewellers?
You can check the gold rate in Pondicherry’s Lalithaa jewellery at their store or on their website.
What is the GST on gold in Pondicherry?
GST on gold in Pondicherry is 3%.
What is per gram Gold Rate in Pondicherry?
According to the GoldPriceIndia website, the gold price for 24 karat gold is Rs. 3,818 per 1 gram.
What is 10 gram Gold Rate in Pondicherry?
According to the GoldPriceIndia website, the gold price for 24 karat gold is Rs. 38,183 per 10 grams.
What is 100 grams Gold Rate in Pondicherry?
According to the GoldPriceIndia website, the gold price for 24 karat gold is Rs. 3,81,830 per 100 grams.