Gold Rate In Amritsar Today

Amritsar is one of the prime cities of Punjab that has the attention of tourists from all over the world. The city also has a number of places to buy gold from, some of which are enlisted below:

• Tanishq Jewellery: The famous jewellery brand, Tanishq needs no introduction. Tanishq Jewellery has outlets all over the country and in Amritsar, it is located in Novelty Chowk. This popular jewellery outlet has a well-established network of customers who simply visit their outlet for exploring a range of amazing jewellery designs. You can get authorised gold jewellery from Tanishq and moreover the friendly staff here are sure to provide you with an unforgettable shopping experience.

• Khurana Jewellery House: The Khurana Jewellery House in Amritsar was founded in the year 1931. The Khurana Jewellery House is located on Mall Rd and is open on all days of the week, but Sundays. With a spacious store area, customers at Khurana Jewellery House can find different types of jewellery to brace for all occasions. Offering superior quality and varied designs at an affordable price, the Khurana Jewellery House in Amritsar is a must-visit in case you are planning to buy gold.

• Kalyan Jeweller: Just like Tanishq, another popular brand of jewellery that has its outlet in Amritsar is Kalyan Jewellers. Kalyan Jewellers specialises in offering quality jewellery that is handcrafted by expert goldsmiths. Moreover, the best part about buying jewellery from Kalyan Jewellers is that you can even get lifetime maintenance for your purchased jewellery, which is mostly free.
• NBFCs: Another way in which you can invest in gold is by buying digital gold from popular NBFCs such as Muthoot Finance, IIFL Gold Loan, etc.

In case you are planning to buy gold and want to know about the things to consider while buying gold in Amritsar, then you have landed at the right place. Read on to learn more:

• Price: One of the most crucial things to do when buying gold in Amritsar is to check its current price as the overall price is subject to changes. Moreover, you should never compromise on the quality of gold jewellery just because it is cheap.

• Weight: The final cost of gold is evaluated on the basis of its total weight. So, to make an informed decision regarding your gold purchase, always verify the final weight of gold against which the seller is issuing a bill.

• Purity: The purity of gold is measured in karats, so before buying gold, always get its purity checked. Furthermore, you also check whether the seller has a hallmark certification issued by the Bureau of Indian Standards to further understand its authenticity.

Following are the factors which affect the price of gold in Amritsar:

• Festivals: The festive season largely plays a role in determining the current price of gold. During festivals like Diwali, Dussehra, Akshay Tritya, and more, the demand for gold increases. So, with a rapid increase in demand, there may be a shortage of gold such that the price of gold will increase.

• Political Turmoil: Political disturbances like war also affect the price of gold. At times, when there is ongoing political turmoil, the value of assets diminishes. However, the value of gold remains the same and that is why the price of gold during political turmoil increases.
• Government Gold Reserves: The Reserve Bank of India holds a huge reservoir of gold. So, when such institutions start accumulating large amounts of gold, then the price of gold in turn rises.