Gold Rate In Lucknow Today

Like all other places in India, the people of Lucknow as well showcase a deep passion for buying gold. This is the reason why the city is flocked with a number of places where you can easily purchase gold. So, listed below are some of the best places to buy gold in Lucknow:

1. Tanishq Jewellery: Tanishq Jewellery has established itself as one of the most renowned brands when it comes to buying gold. This renowned jewellery brand has branches all over the country and in Lucknow, Tanishq Jewellery is located in Hazratganj. From gold bracelets to gold earrings, there are all sorts of gold jewellery that you can find at Tanishq Jewellery in Lucknow.
2. Harsahaimal Shiamlal Jewellers: The Harsahaimal Shiamlal Jewellers in Lucknow is another renowned gold jewellery store in the city. Over the years, by providing the utmost satisfaction to its customers, the Harsahaimal Shiamlal Jewellers has become synonymous with quality jewellery. You can find a range of hallmark jewellery here at Harsahaimal Shiamlal Jewellers.
3. Kalyan Jewellers: Kalyan Jewellers is yet another one-stop place for buying gold in Lucknow’s Hazratganj. No matter what the occasion is, you can easily find a range of gold jewellery that can cater to all occasions. Moreover, the friendly staff members are another thing that makes the overall experience of buying gold from Kalyan Jewellers satisfactory.
4. NBFCs: Apart from the famous brands, you can also buy gold from NBFCs in Lucknow. Some of the NBFCs in Lucknow from where you can buy gold include Muthoot Finance, IIFL Gold Loan and many more.

It is always a good idea to do everything in your power to avoid errors while buying gold in Lucknow. So, to help you out in this case, we have jotted down some of the things to remember while buying gold in Lucknow:

• The Current Price: First and foremost, remember to check the price of gold per gram before you set out to buy gold. Do make it a point to check the current price from the various websites or newspapers to be sure of the current gold price of your city. There might be a difference in the gold prices from one city to another, however, the difference will be a minor one.
• Weight: It is very important that you cross-check the weight of the gold ornaments before making a final purchase. Many a time, when you buy studded jewelleries, the jeweller may add the weight of studded items like diamonds to the total gold weight, which will in turn affect the overall price. So, make sure that the studded item's weight is calculated separately. Moreover, when you are buying gold for daily purposes, make sure to buy gold that is considerably heavy and durable.
• Check The Offers: There are times when different jewellery brands come with exclusive offers and discounts so that it becomes feasible for customers to purchase gold at an affordable price. So, to make an affordable purchase of gold, make sure to check the online as well as offline offers.
• Making Charges: The making charges of gold vary from one jeweller to another. Apart from making charges, GST and other costs can simply increase the price of gold. So, before making a purchase, make sure that you check all the prices.

The price of gold gets affected by a number of factors. Some of the factors that affect the price of gold in Lucknow are listed below:

• Value Of The US Dollar: If the dollar is likely to weaken, then investors turn to safe investments such as gold. A further inverse relationship exists between the US Dollar and gold price, which means when the US Dollar weakens, the gold price rises and vice versa.
• International Factors: As a certain quantity of gold is imported, if the import rate increases, the price of gold also increases accordingly. Moreover, other international factors such as war also play a role in determining the price of gold.
• Demand And Supply: Another factor that affects the price of gold is the demand and supply of gold. So, whenever there is an unexceptional rise in the demand for gold, the price of gold also increases and vice versa. The price of gold is also affected by government reserves, since when the RBI purchases more gold, the gold supply in the country decreases, causing the price to increase.
• Inflation: As gold acts as a hedge against inflation, people tend to buy more gold during inflation. This is the reason why the price of gold increases during inflation.