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Today's Gold prices in Jammu
Jammu is the winter capital of the northernmost Indian state of Jammu & Kashmir. The city is believed to have been founded by Raja Jamboo Lochan, a 14th century king. The city, also the headquarters of Jammu district, is located on the bank of River Tawi and borders Pakistan in the west. Because of this, insurgency and terrorist intrusions are part of the modern narrative of the city. Jammu’s location amidst mountain ranges of the Shivaliks also makes it vulnerable to these attacks.
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The district’s population as per 2011 census was around 15.30 lakh. The city has a considerable population of Muslims and Hindus, as well as a smattering of Sikhs and followers of other religions. There are several temples, mosques and churches in the city, and Jammu is also a base camp for pilgrims headed to Vaishno Devi. The temple of Bawey Wali Mata (Mahakali), the dargah of Peer Budhan Ali Shah, the Ragunath Temple are among the popular worshipping spots in Jammu. Other historical monuments such as forts, tombs and museums also make Jammu an attractive tourist spot.
Gold demand in Jammu
Jammu has its share of jewellery shops, including national brands such as Tanishq and PC Jewellers. More than 50 other gold, silver and diamond jewellery showrooms also do brisk business in the city. The demand for traditional Dogri jewellery with exquisite craftsmanship that uses gold and beads, exists not only in Jammu but also across the country.
Gold investment in Jammu
Investment in gold is made in two major forms in Jammu, as in most other cities in the country:
Over-the-counter: Jewellery and articles are the most popular forms of investment in gold in Jammu. People buy jewellery and gold items that are sold or pawned when they need money urgently. The tendency would be to buy gold at lower prices and sell them or pawn them when the prices are high.
Market trade: Several trading options on gold are available in the market these days. These include gold exchange traded funds (ETFs), e-gold, gold coins and bars, and sovereign gold bonds. Though these are not very popular in Jammu currently, enterprising individuals have been experimenting and making the most of the benefits associated with these forms of investment.
FAQs on Gold rate in Jammu
Should I make an investment in 24-karat gold in Jammu?
If you are looking forward to making a long-term investment in gold, then buying 24-karat gold is a good option.
What to check while buying gold in Jammu?
While buying gold in Jammu, the most important factors you should check are the making charges, Bureau of Indian Standards (BIS) logo, hallmarking, buy-back terms, and the price per gram of gold.
Why is the price of gold in Jammu different than the price of gold in other cities?
The price of gold in Jammu will be different in comparison with the price of the precious metal in other cities due to reasons such as the demand for the yellow metal. Gold is purchased generally during auspicious events such as festivals, weddings, etc. and hence the demand will be higher, while in some cities the demand for it may be low. Due to this the price of gold will differ from state to state.
What are the different ways of investing in gold in Jammu?
Gold investments can be made in various options such as gold jewellery, gold ETFs, gold coins and bars, gold mutual funds, etc.
What to check while buying gold jewellery in Jammu?
The below-mentioned are a few points one should note when buying gold jewellery in Jammu: 1. Check the purity of gold used while making the jewellery, i.e. 22 karat or 24 karat. 2. 2 Check if the ornament is hallmarked. 3. aCheck the making charges applied.
Also Check Gold Price in NearBy Cities of Jammu
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