*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Gold Price In Jalgaon
Home to one of the biggest banana plantations in the world, the city of Jalgaon was quick to embrace the development and growth offered by planned industrialisation. Modern Jalgaon has excellent educational institutions and hospitals, and a fast expanding residential suburb – the result of a rising construction boom in the city. All this growth and development has led to the residents of this city viewing gold in a way their ancestors didn’t – as an investment instead of just as jewellery or as a measure of success and prosperity.
Gold jewellers in Jalgaon are highly sought after for their skill, and people from all over the country prefer purchasing gold from the generations-old jewellers and jewellery shops in Jalgaon, despite the slightly higher prices.
The base gold rate fluctuates and varies from time to time based on many factors like international market trends, interest rate fluctuations from international Reserve banks, etc. The base price of gold also depends on the purity of the gold.
Trend of Gold Rate in Jalgaon for April 2020 to June 2020 (per gram of 24 karat gold)
|First Day||Rs.4,158 per gram||Rs.4,641 per gram||Rs.4,702 per gram|
|Last Day||Rs.4,635 per gram||Rs.4,699 per gram||Rs.4,831 per gram|
|Highest Price||Rs.4,785 per gram on 27 April 2020||Rs.4,757 per gram on 20 May 2020||Rs.4,841 per gram on 25 June 2020|
|Lowest Price||Rs.4,158 per gram from 1 April to 5 April 2020||Rs.4,534 per gram on 12 May 2020||Rs.4,564 per gram on 8 June 2020|
Trend of Gold Rate in Jalgaon for January 2020 to March 2020 (per gram of 24 karat gold)
|1st Day||Rs.3,985 per gram||Rs.4,179 per gram||Rs.4,263 per gram|
|Last Day||Rs.4,179 per gram||Rs.4,358 per gram||Rs.4,158 per gram|
|Highest Price||Rs.4,216 per gram on 9 January||Rs.4,410 per gram on 25 February||Rs.4,531 per gram on 7,8 and 9 March 2020|
|Lowest Price||Rs.3,985 per gram on 1 January||Rs.4,132 per gram on 7 February||Rs.4,116 per gram on 18 March 2020|
Investment avenues for gold in Jalgaon
Investments in gold can be made in many different ways, the two most common are listed as under:
Market traded gold: Gold that’s traded in the form of E-gold or Gold ETFs rarely involves the investor making any physical contact with real gold, but instead allows him/her to trade representative certificates that are assigned to gold that’s stored in a secure location. These transactions are perfect for those diligent few who wish to profit off the fluctuating gold market, by buying low and selling high, or simply holding on to the gold itself. There is no risk of the physical gold being stolen in these cases, and E-gold and ETF transactions are highly secured online with the best encryption. The Mumbai Stock Exchange facilitates trading in Gold ETFs, and the National Spot Exchange allows investors to trade and hold E-gold.
Traditional physical gold: The old-fashioned way to buy gold – over the counter from a bank or a jeweller is more prominent in Jalgaon. Physical gold is rarely traded as a commodity, but instead bought and stored to be used on auspicious occasions or weddings, and as a determinant of the prosperity and wealth of the person holding the gold. Jalgaon jewellery shops are massive and very well appointed, made not only to cater to the residents of Jalgaon, but to the entire country – as the city attracts many people who wish to purchase gold ornaments made in a very specific style.
- Also Check: Gold Rate in Maharashtra
Also Check Gold Price in NearBy Cities of Jalgaon
|Gold Rate In Kolhapur||Gold Rate In Mumbai||Gold Rate In Nagpur||Gold Rate In Pune|
|Gold Rate In Aurangabad||Gold Rate In Thane||Gold Rate In Nashik||Gold Rate In Solapur|
|Gold Rate In Amravati||Gold Rate In Nanded||Gold Rate In Sangli||Gold Rate In Surat|
Read more on Gold
- Global Demand For Gold Driven By Indian Wedding Traditions
- Buying Gold In India Make Sure Its Real Gold
- How To Buy Gold Coins Bars Bullion Online