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Gold Price In Jamnagar
Jamnagar is the fifth largest city in the state of Gujarat and is the home to the some of the biggest oil refineries in the country with the refineries located in this city. This city has also been called the world’s oil city as well as its previous moniker of brass city as it is a hub for brass manufacturing units. With a rich cultural heritage and boasting the 4 marble Jain temples, Jamnagar has a thriving population and is an economically viable city with an all-weather port, a good supply of bauxite mines and brass manufacturing units coupled with good connectivity via land, sea and air.
Gold rates tend to fluctuate not just on a global basis but also within a state from city to city due to various factors such as local production, the overall demand and supply, the amount of tax levied or to be paid. Rate of gold in Jamnagar also depends on the quality of gold in question with 24 karat gold costing more due to higher purity content and 22 karat gold costing a little lesser. All these factors affect the rates of gold in Jamnagar.
Trend of Gold Rate in Jamnagar for April 2020 to June 2020 (per gram of 24 karat gold)
|1st Day||Rs.4,229 per gram||Rs.4,699 per gram||Rs.4,727 per gram|
|Last Day||Rs.4,761 per gram||Rs.4,727 per gram||Rs.4,959 per gram|
|Highest Price||Rs.4,846 per gram on 29 April||Rs.4,883 per gram on 18 and 19 May||Rs.4,959 per gram on 30 June|
|Lowest Price||Rs.4,229 per gram from 1 April to 20 April||Rs.4,646 per gram on 2 May||Rs.4,706 per gram from 8 June to 10 June|
Trend of Gold Rate in Jamnagar for January 2020 to March 2020 (per gram of 24 karat gold)
|1st Day||Rs.4,023 per gram||Rs.4,194 per gram||Rs.4,291 per gram|
|Last Day||Rs.4,194 per gram||Rs.4,379 per gram||Rs.4,229 per gram|
|Highest Price||Rs.4,205 per gram on 9 January||Rs.4,425 per gram on 25 February||Rs.4,497 per gram on 7 March – 9 March|
|Lowest Price||Rs.4,023 per gram on 1 January||Rs.4,163 per gram on 6 and 7 February||Rs.4,152 per gram on 18 and March 2020|
Find Today's Gold Price in Top Metro Cities
|Today's Gold Price in Mumbai||Today's Gold Price in Chennai||Today's Gold Price in Bangalore|
|Today's Gold Price in Delhi||Today's Gold Price in Kolkata||Today's Gold Price in Hyderabad|
Gold investment avenues in Jamnagar
Investment in gold is something that is inbuilt into every Indian. Indians consider gold as a social status symbol and its efficiency against inflation has been proven with time. This precious metal has been considered as a safe haven for investments and is deeply tied into our culture playing major roles during auspicious and celebratory events.
Over-the-counter – Akin to buying over the counter drugs and medicines, the simplest way f procuring gold is over the counter. There are dime a dozen jewellers across Jamnagar offering competitive rates along with banks that provide avenues for gold to be invested in. The most common forms of gold being sold are in the form f bangles, rings, chains, coins and bars. The products offered rage in prices with the intended purpose of purchase. Gold coins and bars are often purchased solely as investment while the ornamental jewellery is purchased in conjunction with auspicious events
Market trade – Although market trading of gold is catching on as a better form of gold investment and exchange, it still has to catch on in Jamnagar. The most popular ways of gold trade in Jamnagar through multiple modes are through ETF’s and gold futures. If the investor is willing to put in time and effort to understand the intricacies of gold exchange it can also be done through the national stock exchange and Mumbai stock exchange.
- Also Check: Gold Rate in Gujarat
Also Check Gold Price in NearBy Cities of Jamnagar
|Gold Rate In Ahmedabad||Gold Rate In Surat||Gold Rate In Vadodara|
|Gold Rate In Jodhpur||Gold Rate In Rajkot||Gold Rate In Kota|
Read more on Gold
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- Top 5 Factors That Affect Gold Rate In India
- Things To Remember Before Buying Gold Jewellery
- Which One Should You Buy Gold Coins Or Gold Bars