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Gold Rate In Latur

Gold is loved all over the world for its inherent value and privileged history, which has been linked with cultures for thousands of years.

It is the metal we use when other kinds of currency fail, thus it always has some value as a shield against bad times. Today’s gold rate in Latur is as follows: 1 gram, ₹4,673, ₹4,683 ; 8 gram, ₹37384 ,37364.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹67,690₹72,570
Visakhapatnam ₹67,690₹72,570
Udupi ₹67,620₹72,470
Thrissur ₹67,680₹72,570
Shimoga ₹67,620₹72,480
Salem ₹67,710₹72,450
Ranchi ₹67,850₹72,630
Patna ₹67,600₹72,580
Nellore ₹67,660₹72,590
Nagercoil ₹67,740₹72,460
Kolhapur ₹67,700₹72,510
Nanded ₹67,740₹72,510
Ahmednagar ₹67,700₹72,510
Latur ₹67,700₹72,510
Amravati ₹67,700₹72,510
Solapur ₹67,730₹72,530
Jalgaon ₹67,700₹72,510
Thane ₹67,730₹72,560
Nashik ₹67,710₹72,540
Nagpur ₹67,720₹72,510
Pune ₹67,730₹72,510
Madurai ₹67,710₹72,480
Varanasi ₹67,610₹72,460
Ghaziabad ₹67,600₹72,490
Jhansi ₹67,600₹72,490
Gorakhpur ₹67,600₹72,490
Allahabad ₹67,600₹72,490
Meerut ₹67,640₹72,460
Raipur ₹67,850₹72,480
Lucknow ₹67,600₹72,490
Latur ₹67,700₹72,510
Kurnool ₹67,670₹72,580
Kozhikode ₹67,700₹72,580
Rourkela ₹67,600₹72,530
Berhampur ₹67,600₹72,530
Cuttack ₹67,600₹72,530
Kolkata ₹67,600₹72,530
Kolhapur ₹67,700₹72,510
Karur ₹67,730₹72,440
Kakinada ₹67,670₹72,600
Jhansi ₹67,600₹72,490
Jalgaon ₹67,700₹72,510
Udaipur ₹67,550₹72,570
Jodhpur ₹67,520₹72,570
Jaipur ₹67,500₹72,590
Khammam ₹68,050₹72,470
Nizamabad ₹68,050₹72,470
Karimnagar ₹68,050₹72,470
Hyderabad ₹68,050₹72,470
Gurgaon ₹67,510₹72,570
Gulbarga ₹67,620₹72,470
Gorakhpur ₹67,600₹72,490
Ghaziabad ₹67,600₹72,490
Faridabad ₹67,550₹72,550
Erode ₹67,710₹72,490
Cuttack ₹67,600₹72,530
Coimbatore ₹67,710₹72,460
Chennai ₹67,700₹72,400
Shimla ₹67,800₹72,550
Jammu ₹67,680₹72,480
Amritsar ₹67,550₹72,550
Ludhiana ₹67,600₹72,520
Chandigarh ₹67,550₹72,550
Bhubaneswar ₹67,600₹72,540
Belgaum ₹67,610₹72,490
Amritsar ₹67,550₹72,550
Amravati ₹67,700₹72,510
Ambala ₹67,530₹72,580
Allahabad ₹67,600₹72,490
Ahmednagar ₹67,700₹72,510
Ratlam ₹67,990₹72,580
Jabalpur ₹67,970₹72,580
Surat ₹67,580₹72,490
Bhopal ₹67,950₹72,570
Indore ₹68,000₹72,570
Ahmedabad ₹67,550₹72,480
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Best Places To Buy Gold In Latur

Below are some of the best places to buy gold in Latur:

  1. Joyalukkas- Latur's top jewellery choices are found at Joyalukkas Jewellery. They take great delight in offering their clients a welcoming service. Numerous collections of necklaces, rings, bracelets, and earrings are available in the store. Their staff are professionals at designing costly stones, diamonds, and gold. Customers can purchase goods for a fair price. Each member of the team acts well and kindly toward the consumers.
  2. Malabar Gold And Diamonds - In Latur, Malabar Gold and Diamonds is a well-known brand. The store is tastefully designed, and the magnificent patterns and collections are sure to keep customers coming back. Customers recommended this store due to its broad selection of goods, beautiful designs, and deals.
  3. NBFCs- Once can also purchase gold from NBFCs in Latur such as HDB Financial Services Ltd., Muthoot FinCorp etc.

Historical Gold Rates in Latur

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹55,940₹63,820

Gold As An Investment

Gold has several benefits as a form of investment. Some of these benefits are mentioned below:

  1. Protect Assets Against Inflation- When making investments, you must take inflation into account as it may affect your returns. Gold investments offer protection from inflation. Inflation lowers the currency's ability to buy things. A negative real return on investment occurs when inflation in India exceeds interest rates on occasion.
  2. A Wide Range of Choices- You don't have to buy physical forms of gold only to invest in it. You might also choose to purchase gold online. In addition to physical and virtual investments, there are more asset classes that can be used to invest in gold. You can buy gold physically in a number of ways, such as jewellery, coins, and bars. If you wish to invest in gold online, your choices include digital gold, gold ETFs, and gold mutual funds.
  3. Aids In Portfolio Diversification- A varied portfolio lowers your investment risk. When developing your savings strategy, include things in your portfolio that are not closely related to one another. The overall risk and volatility of your portfolio are reduced when you invest in gold. When buying gold online in different formats, the security and purity concerns that come with buying real gold as an investment are removed.
  4. High Liquidity- The high liquidity of gold is another advantage of investing in it. Whether you buy gold physically or through an online investing account, selling it is straightforward. When you need money quickly, selling gold is simple; however, selling physical assets like real estate may be more challenging. Real gold and gold you hold digitally or through gold exchange-traded funds.

Things To Remember While Buying Gold In Latur

  1. Machines vs. Man Made: In this era of mass manufacturing, it is usual to see jewellery that is made by machines. Because machine-made objects have lower production costs than those handcrafted by humans, mass-produced ornaments like these are less expensive. Having a conversation about the piece's provenance could help a buyer save some cash.
  2. Verify The Weight- Gold jewellery is typically sold by the gramme in India, with heavier pieces costing more. Gold jewellery frequently has precious stones like diamonds and emeralds added, which makes the piece heavier. When buying studded jewellery, it is crucial to keep in mind that jewellers weigh each item individually, which means that one can wind up paying for gold that isn't truly present.
  3. Time Period For Purchase - Gold buying peaks at particular times, which inevitably drives up gold prices. It would be wise to get gold jewellery in the off-season when costs are lower and there are many discounts available.
  4. Buybacks - Most jewellers provide the buy back option, which allows customers to trade in their old jewellery sets for new ones. Even while styles and fashions come and go, gold's worth never changes, so asking about buybacks when making a purchase could come in handy if you ever become tired of your jewellery.

Factors That Affect Price Of Gold In Latur

There are several factors that need to be looked into while making the purchase of gold. Some of the important factors are mentioned below:

  1. Public Gold Reserves - The central banks of the vast majority of major countries have both cash and gold reserves. Two outstanding examples of this are the Reserve Bank of India and the US Federal Reserve. As major central banks start to build up their gold holdings and increase their gold purchases, the price of gold rises. This is due to the market's rising cash flow and the falling supply of gold.
  2. Jewellery Industry- Gold jewellery is very well-liked in India. Gold jewellery maintains an unique position in Indian households, whether it is used for special occasions or birthdays. Gold prices increase throughout the wedding season as well as over major festivals like Diwali due to rising consumer demand. Pricing goes up when supply and demand are out of balance.
  3. Trends In Interest Rates- There is a close connection between the demand for gold and interest rates on financial products and services. In general, the present price of gold is a trustworthy predictor of changes in a country's interest rates. When interest rates rise, customers frequently sell gold to get cash, which increases the metal's availability and lowers its price.

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FAQs

  • How to check for the hallmarked 916 22 karats gold in Latur?

    The hallmark symbol can be looked for on the back of the gold ornament. 

     

  • Do I need to pay tax on bringing gold into Latur from abroad?

    Yes, there are additional taxes applicable when carrying gold from abroad to Latur. 

     

  • How to check the purity of gold in Latur?

    In order to check the purity, one has to see if the gold is 22 karats or 24 karats. 24 Karats indicates more level of purity than 22 Karats.

     

  • What is the difference between 22 karats and 24 karat gold?

    The main difference that lies between 22 karats and 24 karat is the level of purity. The percentage of purity in 22 karat is 92% pure whereas it is 99.9% for 24 karat gold.

     

  • How do you double-check your BIS hallmark in Latur?

    To double-check the BIS Hallmark in Latur or anywhere in India, you can use the HUID number.

     

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