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Gold Rate In Nellore Today

The immense value of yellow metal gold is unparalleled. For ages, gold has been used as a symbol of wealth as well as is passed from one generation to the next. Over the years, gold has also evolved as a mode of investment due to its steady character. More and more investors now put their savings into gold bonds, gold jewelleries, gold ETFs and more to stay protected against economic crisis and multiply their savings in the long run.

It is due to the immense role that gold has now to play in all our lives that its price keeps fluctuating. This is why today let's discuss the gold price in Nellore.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹67,240₹72,120
Visakhapatnam ₹67,240₹72,120
Udupi ₹67,170₹72,020
Thrissur ₹67,230₹72,120
Shimoga ₹67,170₹72,030
Salem ₹67,260₹72,000
Ranchi ₹67,400₹72,180
Patna ₹67,150₹72,130
Nellore ₹67,210₹72,140
Nagercoil ₹67,290₹72,010
Kolhapur ₹67,250₹72,060
Nanded ₹67,290₹72,060
Ahmednagar ₹67,250₹72,060
Latur ₹67,250₹72,060
Amravati ₹67,250₹72,060
Solapur ₹67,280₹72,080
Jalgaon ₹67,250₹72,060
Thane ₹67,280₹72,110
Nashik ₹67,260₹72,090
Nagpur ₹67,270₹72,060
Pune ₹67,280₹72,060
Madurai ₹67,260₹72,030
Varanasi ₹67,160₹72,010
Ghaziabad ₹67,150₹72,040
Jhansi ₹67,150₹72,040
Gorakhpur ₹67,150₹72,040
Allahabad ₹67,150₹72,040
Meerut ₹67,190₹72,010
Raipur ₹67,400₹72,030
Lucknow ₹67,150₹72,040
Latur ₹67,250₹72,060
Kurnool ₹67,220₹72,130
Kozhikode ₹67,250₹72,130
Rourkela ₹67,150₹72,080
Berhampur ₹67,150₹72,080
Cuttack ₹67,150₹72,080
Kolkata ₹67,150₹72,080
Kolhapur ₹67,250₹72,060
Karur ₹67,280₹71,990
Kakinada ₹67,220₹72,150
Jhansi ₹67,150₹72,040
Jalgaon ₹67,250₹72,060
Udaipur ₹67,100₹72,120
Jodhpur ₹67,070₹72,120
Jaipur ₹67,050₹72,140
Khammam ₹67,600₹72,020
Nizamabad ₹67,600₹72,020
Karimnagar ₹67,600₹72,020
Hyderabad ₹67,600₹72,020
Gurgaon ₹67,060₹72,120
Gulbarga ₹67,170₹72,020
Gorakhpur ₹67,150₹72,040
Ghaziabad ₹67,150₹72,040
Faridabad ₹67,100₹72,100
Erode ₹67,260₹72,040
Cuttack ₹67,150₹72,080
Coimbatore ₹67,260₹72,010
Chennai ₹67,250₹71,950
Shimla ₹67,350₹72,100
Jammu ₹67,230₹72,030
Amritsar ₹67,100₹72,100
Ludhiana ₹67,150₹72,070
Chandigarh ₹67,100₹72,100
Bhubaneswar ₹67,150₹72,090
Belgaum ₹67,160₹72,040
Amritsar ₹67,100₹72,100
Amravati ₹67,250₹72,060
Ambala ₹67,080₹72,130
Allahabad ₹67,150₹72,040
Ahmednagar ₹67,250₹72,060
Ratlam ₹67,540₹72,130
Jabalpur ₹67,520₹72,130
Surat ₹67,130₹72,040
Bhopal ₹67,500₹72,120
Indore ₹67,550₹72,120
Ahmedabad ₹67,100₹72,030
12-Apr-2024
Gold Price in Nellore
₹72,140/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹67,210₹72,1400.0%
Yesterday₹67,210₹72,140+0.28%
Above Price as per 10 gm
gold_img
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Today 22 Carat Gold Rate in Nellore

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,721₹53,768₹67,210₹6,72,1000.0%
Yesterday Price₹6,721₹53,768₹67,210₹6,72,100+0.3%

Today 24 Carat Gold Rate in Nellore

Day1 gram8 gram10 gram100 gramChange
Today Price₹7,214₹57,712₹72,140₹7,21,4000.0%
Yesterday Price₹7,214₹57,712₹72,140₹7,21,400+0.28%

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Places To Buy Gold In Nellore

In Andhra Pradesh’s Nellore, there are a plethora of shops from where you can buy different forms of gold. So, explore the list below and find all about the best places to buy gold in Nellore:

  • Tanishq Jewellery: The popular jewellery brand, Tanishq is well-known to all. For several decades this popular brand has garnered the attention of gold buyers from all over. In Nellore, Tanishq Jewellery has a wide customer base who visit the place to get hold of some exclusive gold jewellery like bangles, necklaces, and rings and the list continues.
  • Jain Gold: Jain Gold in Nellore is located on the Ramesh Reddy Nagar. Jain Gold is one of the popular shops in Nellore that has built its reputation for over 40 years. With changing trends, the goldsmiths at Jain Gold bring new designs for the delight of customers. From exclusive bridal jewellery to festive jewellery, you can always find something new at the Jain Gold Jewellers in Nellore.
  • Kalyan Jewellers: Located in Ramamurthy Nagar, Kalyan Jewellers is yet another popular shop in Nellore from where you can easily buy physical gold such as gold coins, gold jewelleries, rings, and many more. At Kalyan Jewellers in Nellore, the staff members are extremely friendly and do their best in guiding the customers. As the Kalyan Jewellers is open on all days of the week, you can visit the shop according to your convenience.
  • NBFCs: Another way in which you can purchase gold in Nellore is by visiting the NBFCs. Some of the NBFCs from which you can buy digital gold include ICICI Gold Loan, Muthoot Finance, and a few more.

Gold Rate / 10g in Nellore for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
12-Apr-2024₹67,210+0.0₹72,140
11-Apr-2024₹67,210+200.0₹72,140
10-Apr-2024₹67,010+350.0₹71,940
09-Apr-2024₹66,660+100.0₹71,590
08-Apr-2024₹66,560+450.0₹71,490
07-Apr-2024₹66,110+1050.0₹71,040
06-Apr-2024₹65,060+0.0₹69,990
05-Apr-2024₹65,060-350.0₹69,990
04-Apr-2024₹65,410+450.0₹70,340
03-Apr-2024₹64,960+700.0₹69,890
02-Apr-2024₹64,260-250.0₹69,190
01-Apr-2024₹64,510+850.0₹69,440

Historical Gold Rates in Nellore

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹55,910₹63,820

Gold As An Investment

For centuries people have considered gold the safest haven. The reasons for this many, some of which have been enumerated below:

  • Beat Inflation: Gold acts as a hedge against inflation, which is one of the key reasons why people invest in gold. During uncertain times like inflation, the performance of gold is comparatively better.
  • Tangible Asset: Buying gold offers transparency, which indicates that buying and selling gold is easier as compared to other investment options like real estate.
  • Loan Collaterals: In today’s highly uncertain times, you can never be fully prepared against unforeseen events. But with the ownership of gold, getting loans becomes easier. With gold, many banks provide loans in a single day. Thus, gold ownership is a win-win situation.

Things To Remember While Buying Gold In Nellore

Buying gold can sometimes be a rocket-science in case you are not aware of the essential things to know when buying gold. Gold investment is an expensive affair, so to make things easier, we have jotted down some of the key things to remember while buying gold in Nellore:

  • Gold Rates: First and foremost, it is important to check the present gold price as the rates keep fluctuating. So, it is a wise decision to stay updated with the market rates, so that you can pick the right time to buy gold.
  • Online Purchase: In today’s time there is a large group of people who now prefer buying online over the traditional modes. So, in case you too are planning to buy gold online, then verify the credibility of the sellers so that you are not trapped by any means.
  • Certification: When buying gold, it is crucial that you check the certification of the jeweller or the seller. As a rule of thumb, you should buy gold only from shops that have a hallmarked certification from the Bureau of Indian Standards.
  • Type Of Gold: As gold is available in different forms such as coins, ETFs, bonds, and more, you should always identify the type of gold you wish to purchase. Understand the pros and cons of buying these forms of gold and only then make an informed decision.

Factors Which Affect The Price Of Gold In Nellore

Mentioned below are some of the factors that affect the price of gold:

  • Economic Conditions: Gold is a comparable stable asset, this is why during an economic crisis or unstable conditions, investors start buying more gold to stay away from market risks. This in turn leads to an increased price of gold during economic upheavals.
  • Production Cost: Another factor that significantly plays a role in determining gold’s price is the production cost. Gold production is largely affected by gold mining which means that a slight variation in the mining or production cost will directly affect the price of gold. In addition, along with the production, import costs also directly play a role in determining the current gold price.
  • Seasonal Demand: During the time of festivals or weddings, the demand for gold in Nellore increases. When the demand increases, there is a possibility of a mismatch between demand and supply. So, with the increase in demand during varied significant occasions, the price of gold increases.

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FAQs

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

    To check the hallmark symbol, refer to the back side of the gold jewellery. 

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

    Yes, an additional 10% tax is charged when you bring gold into Nellore from abroad. 

  • How to check the purity of gold in Nellore?

    The purity of gold is measured in karats, so before buying gold in Nellore, make sure to get its purity checked.

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

    The difference between 22 karat and 24 karat gold is in terms of purity. 22 karat is 92% pure and 24 karat gold is 99.9% pure. 

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

    The HUID number is used to double-check the BIS Hallmark in Nellore and elsewhere. 

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