Gold Rate In Delhi Today

The capital city of India, Delhi, is a huge consumer of gold in India. People here are so fond of gold that they often invest in gold more as compared to other investment options. This is why the city has a number of places from where you can buy gold. So, listed below are the best places to buy gold in Delhi:

• Hazoorilal Legacy: The Hazoorilal Legacy which was opened in 1952 is located in the heart of Delhi. For a long time, Hazoorilal Legacy has been selling trendy jewellery that easily catches the attention of gold buyers.
• PC Jewellers: PC Jewellers has its outlets in different corners of the capital city including South Extension. You can also customise the type of gold ornaments you wish to buy, here at PC Jewellers.
• Khanna Jewellers: Yet another popular hub for buying gold in Delhi is Khanna Jewellers. From gold bracelets to gold earrings, you can find all types of gold jewellery at this famous outlet in Delhi.
• NBFCs: As gold can be bought in digital forms as well so some of the popular NBFCs in Delhi include HDFC Bank, ICICI Bank and many more.

In today’s uncertain times, gold has become much more important such that almost all of us now invest in gold in some or the other way. However, there are some things that all of us should always remember while buying gold in Delhi or even elsewhere. Thus, find below some important points to keep in mind while buying gold:

• Colour Of The Gold: Many jewellery shops in Delhi and even in other cities mix other metals with gold. This affects the purity of the gold and also hampers the real colour of the gold. So, always be aware of the colour of gold before buying it.
• Understand The Return Value Of Gold From Your Jeweller: Investment in gold is not only a one-time but a long investment. This means that you should always cross-check with your jeweller about the return value of the gold you are buying. Also, check if the jeweller is offering pay-back service or not because there are some jewellers that offer 100% return value under this service.
• Never Settle For Less Price: There are times when some jewellers can tempt you with a low price of gold. On such occasions, there are high chances that the gold they are selling is of low quality or is impure. So, never settle for low prices and always go with the best quality of gold.
• Buy Hallmarked Gold: Hallmark is another indicator of the purity of gold. So, always check the hallmark sign on the back side of gold jewellery before buying gold in Delhi.

There are a number of factors that has a role in determining the price of gold in Delhi. From the festive season to the value of the US dollar, the price of gold gets affected by different factors. So, let’s discuss these factors in detail in the below section:

• Inflation: During inflation, the value of currencies tends to fall. However, this is not the case with gold which is one of the oldest currencies as the value of gold only increases even during inflation. So, it is right to say that gold acts as a hedge against inflation.
• Festivals: Indian festivals are incomplete without people buying gold as gold is considered an auspicious metal that graces any occasion. But, during Indian festivals like Diwali, the demand for gold increases exponentially, which results in the mismatch between demand and the supply chain. This is why the gold price largely gets affected during Indian festivals and even weddings, resulting in the increased price of gold.
• Political Turmoil: The price of most financial assets falls during political turmoil or wars, and it is during these times which are highly uncertain and unpredictable that people tend to invest more and more in gold which in turn increases its price.
• Production Of Gold: In any case, if the production of gold falls due to certain reasons, then the price of gold inversely shoots up. This is because as the production decreases, there is a gap between the production and consumption of gold, which thus affects the overall price of gold.