Gold Price/Rate in Tirumangalam Today

FAQs on Gold Rates in Tirumangalam

• How 24 karat gold differs from 22 karat gold?

  The 24-karat gold is of the highest purity while the 22-karat gold is slightly less pure. It is difficult to make and use jewellery made of 24-karat gold as it would be soft and mushy. That is why 22-karat gold is used to make jewellery.

• What to check while buying gold?

  You need to check the following points while buying gold: 1. The purity of gold 2. In case it is a jewellery piece, what is the making charge applied 3. Is the gold hallmarked

• Why does gold price vary from place to place?

  The various factors affecting the gold rate include high demand for the yellow metal and comparatively low supply, transportation expenses, policies and tariffs imposed by local governments, etc. It is because of these factors that gold price varies from place to place.

• How is the price of gold determined?

  There are various factors which may determine the overall price of gold. For example, government policy, interest rate, 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.

• Is investing in gold a good option?

  If you are looking forward to making a long-term investment in gold, then buying 24-karat gold is a good option.