Gold Rate In Patna Today

Patna, the capital city of Bihar, has emerged as one of the most sprawling Indian cities. The city also has a number of places that garners the attention of gold buyers. So, here is a list of some of the best places in Patna from where you can purchase gold:

1. Kalyan Jewellers: Kalyan Jewellers is located in the heart of the city on Boring Road. Renowned as one of the best brands for buying gold, the Kalyan Jewellers remains flocked with customers throughout the year. At Kalyan Jewellers in Patna, you can find a range of jewellery to grace up for various occasions.
2. Alankar Jewellers: Yet another popular jewellery store in Patna is the Alankar Jewellers. The Alankar Jewellers is also located on Boring Road. Alanakar Jewellers is renowned for providing effortless service and utmost customer satisfaction. Moreover, the goldsmiths at Alankar Jewellers offer a range of jewellery designs, all of which are hallmarked.
3. Ratnalaya Jewellers: For over a century, Ratnalaya Jewellers has been a go-to place for gold buyers in Patna. At Ratnalaya Jewellers in Patna, you can find a range of exotic designs. Be it weddings or Indian festivals, you can always find something when it comes to buying gold jewellery at Ratnalaya Jewellers in Patna.
4. NBFCs: Apart from the jewellery shops, you can also buy gold from the famous NBFCs such as Muthoot Finance, IIFL Gold Loan and more.

Whether you are buying gold for the first time or you are an expert, there are certain things you need to be aware of. So, listed below are the things you need to while buying gold in Patna:

• Performance: In order to make your informed decision regarding whether to buy gold, you should check the performance of each form, such as gold bonds, physical gold, and more. Once you check their individual performance, you can be sure about which form to invest in.
• Security: In case you are planning to buy physical gold, then security is of the utmost concern. Bank lockers are the best place to keep your valuables like gold safe and reduce the risk of theft. It is therefore important to consider the safest place to store your gold ornaments before buying gold.
• Festive Season: It is also important to consider the time of year when purchasing gold since gold's price rises unexpectedly during the festive season or even during the Indian wedding. This is because of the mismatch between the demand and supply chain, as during this time the demand for gold ornaments rises unexceptionally.
• Check The Buy-back Policy: There are many jewellery shops in Patna that offer a pay-back policy so that you can get your assured money when you resell the gold. When you check the gold buy-back policy, selling gold to the same seller becomes more straightforward.

We have listed some factors to consider when buying gold as well to assist investors in understanding why the price of gold rises and falls, time and again. So, scroll through the section and know all about the factors that affect the gold price:

• Inflation: During the time of inflation, the value of currency generally decreases. As gold acts as a hedge against inflation, so many people prefer investing in gold.
• Interest Rates: The interest rate and the price of gold varies inversely. This means that if the interest rate increases, the price of gold decreases.
• Import Duty: Although India is one of the largest consumers of gold, it produces very little gold in comparison to other countries. This is why the price of gold in Indian cities depends heavily on the import cost. If the import cost increases, the price of gold also increases considerably.
• Demand And Supply: Another important factor that impacts the gold price in Patna is the demand and supply of gold. So, whenever there is a mismatch between the demand and supply of gold, the price of gold varies accordingly.