Gold Rates In India Alert:The enthusiasm of the festive season has led to a sharp rally in Maharashtra cities due to the auspicious 11-day-long festival of Ganesh Chaturthi, which has kicked off from August 27th onward. Gold rates in cities like Mumbai, Nagpur and Pune are nearing their record highs in 24 carats, 22 carats, and 18 carats. Yellow metal prices are up for three consecutive days, with 100 grams gold in 24 carats rising by nearly Rs 11,000. Buying gold in Ganesh Chaturthi is a significant investment; however, it is always wise to know the key important factors for a better purchase!
The 10-gram gold price is at Rs 1,02,600 in 24 carat, up by Rs 160 on August 28, while the price of 100-gram gold in the same is higher by Rs 1,600 to Rs 10,26,000.
22 carat gold prices are at Rs 94,050 per 10 grams, up by Rs 150, and at Rs 9,40,500 in 100 grams, higher by Rs 1,500.
Meanwhile, on August 28, the 18-carat gold prices in 10 grams and 100 grams stood at Rs 76,950 and Rs 7,69,500, registering an upside of Rs 120 and Rs 1,200, respectively.
Notably, the 100-gram gold price in 24 carat was up by Rs 3,800 on August 27, and higher by Rs 5,500 on August 26.
From August 26 to August 28, gold rates are up by Rs 10,900 in 100 grams and by Rs 1,090 in 10 grams under 24 carat.
The price of gold in Pune is at Rs 10,260 per gram for 24 karat gold, at Rs 9,405 per gram for 22 karat gold and at Rs 7,695 per gram for 18 karat gold (also called 999 gold).
The prices of 10 grams and 100 grams of gold are similar in Mumbai.
The price of gold in Nagpur is at Rs 10,260 per gram for 24 karat gold, at Rs 9,405 for 22 karat gold and at Rs 7,695 per gram for 18 karat gold (also called 999 gold).
Gold prices are similar in 100 grams and 10 grams, like Pune and Mumbai.
Tips for Buying Gold in India During Ganesh Chaturthi
As per PNG Jewellers, buying gold during Ganesh Chaturthi is a great and very significant decision. Consider these tips to make the most from your purchase:
1. Check for Purity: The gold you buy has to be hallmarked and certified for its purity. Look for BIS certification.
2. Compare Prices: Gold prices differ, so one has to compare the prices among various jewellers before buying.
3. Understand Making Charges: Most often, a jeweller will charge for making charges for the jewellery item he sells. Be sure to understand these.
4. Buy from Reputed Jewellers: Always purchase gold from reputed and trusted jewellers, like PNG Jewellers, who guarantee the authenticity and quality of their products.
5. Keep a Tab on your pocket: Even though one may feel like buying an elaborate piece, remember not to go overboard in terms of expenditure. Look for such pieces that give you maximum value for money.
6. Look Out for Festive Offers: A lot of festive season discounts and promotions give immense value-for-money offers to get the most out of your purchase.
According to the PNG Jewellers blog, Ganesh Chaturthi is one of the most celebrated festivals in India. It marks the birth of Lord Ganesh, the god of wisdom, prosperity, and good fortune. The festival is a time of joy, devotion, and new beginnings. Many people also believe it's the perfect time to invest in gold.
Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author, GoodReturns.In nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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