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Todays Gold Price in Dindigul
Dindigul is one of the major commercial hubs in the state of Tamil Nadu. Dindigul is known for its muslins, silks, blankets and horticulture among others. The precious yellow metal is held in high regard in Dindigul as a conventional form of investment. The precious metal is also viewed as a safe haven against inflation in Dindigul. Many residents in Dindigul buy Gold as a form of security for periods of any financial instability as the precious metal can be used as a collateral for loans.
Check - 22 carat Gold Rate Today
Gold as an investment
All forms of Gold such as bars, coins and jewelry are sold in the Dindigul district. Bullion bars are much in demand as a traditional form of investment. There are serpentine queues across jewelery stores in the district during festivals and other auspicious occasions.
Physical Gold: Different styles of traditional jewelery including temple jewelery is sought-after in Dindigul. Handcrafted jewellery is also popular. Customers can buy gold with assay certifications across various jewelry stores such as Thangamayil Jewellery, Vasavi Jewellery Mart and Paramasivan Pillai Jewellers among others.
Gold contracts: Consumers in Dindigul also invest in gold contracts at commodities trading exchanges such as the Multi Commodity Exchange and National Spot Exchange. Both the MCX and NSE sell gold contracts (spot and future) in India with electronic settlement systems. Commodity futures entail low brokerage costs. The exchanges have both delivery and cash systems. The Forward Markets Commission regulates both the exchanges.
Gold rates in Dindigul
Gold rates in Dindigul increased in the first two months of 2016. 1 gm of 24 karat gold which was pegged at Rs.2554 on December 27th, 2015, rose by 2.3% to Rs.2613 in the first week of January 2016. Gold rates rose throughout January in that the price of 1 gm of 24 karat gold pegged at Rs.2677 on January 11th rose by 1.5% to Rs.2718 towards the end of the month. The trend continued in February as the price of 1 gm of 24 karat gold pegged at Rs.2755 on February 16th, rose by 3.8% to Rs.2862 on February 20th. The trend continued in the first week of March with 1 gm of 24 karat gold pegged at Rs.3036. Gold rates in Dindigul plummeted in the latter half of 2015 barring mini-rallies in that 1 gm of 24 karat gold which was pegged at Rs.2720 in August, fell by 0.5% to Rs.2705 in September 2015. The downward slide continued in the month of October as well. 1 gm of 24 karat gold was pegged at Rs.2562 in November 2015.
FAQs on Gold Rate in Dindigul
What are the things that I must look for when purchasing gold in Dindigul?
Some of the things you must look for while purchasing gold is the weight of the gold, hallmark, and the company from whom you are purchasing your gold. Keeping these factors in mind will help you ensure that you are purchasing gold which is pure as well as help you pay the correct price for the metal purchased.
What is the difference between 22-karat and 24-karat gold in Dindigul?
The difference between a 24-karat gold and a 22-karat gold is that the former is considered to be the purest form of gold and has no other metal mixed with it. In case of 22-karat gold, it may contain some metal which may affect its overall purity as well as the cost. Overall, the cost of a 22-karat gold will be lower than a 24-karat gold.
When should I buy gold in Dindigul?
You should purchase gold when you need it. However, before purchasing your gold ensure you keep certain factors in mind such as the cost of 10 grams of 24-karat and 22-karat, government policy, rate of interest, both domestic and global market performance etc.
How is the price of gold determined in Dindigul?
There are various factors which may determine the overall price of gold. For example, interest rate, government policy, demand for gold, etc. may determine its cost. Externally, the change in currency rates especially of Indian rupee with respect to US dollars, price of oil, and even political factors may determine the price of gold in the country.
Does the price of gold in Dindigul be the same as the price of gold in other cities?
The price of gold in Dindigul should be same when compared to the price of gold in other cities in Tamil Nadu. However, when the price of gold in Dindigul is compared to the price in other cities in India, then the price is likely to be different. The difference in price of gold might be due to various factors such as the demand for gold in the city, etc.
Check Gold Price in NearBy Cities of Dindigul
- Check - Gold Rate in Tamil Nadu
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