Gold Rate In Pondicherry Today

Pondicherry is lined with a number of places from where you can easily buy gold. So, listed below are details about the best places to buy gold in Pondicherry:

• Lalitha Jewellery: The Lalitha Jewellery in Pondicherry has been winning the hearts of the locals with its amazing range of gold jewellery since 1983. This is a one-stop shop for all your jewellery needs if you wish to purchase gold jewellery in Pondicherry. At Lalitha Jewellery, you can not only buy desired gold jewellery but you can even return it within 7 days in case you are not satisfied with the purchase.

• Joyalukkas Jewellery: One of the leading jewellery brands, Joyalukkas Jewellery has its chain all over India. In Pondicherry, Joyalukkas Jewellery is located in Ravikumar Complex Kamaraj Salai. Joyalukkas Jewellery has an expert customer team who assists customers in selecting gold jewellery based on their needs and budget. You can get preferred jewellery for all occasions at Joyalukkas Jewellery.

• GRT Jewellers: Yet another renowned name which excels in its gold jewellery is GRT Jewellers in Pondicherry. The GRT Jewellers in Pondicherry was established in 1964 and since then it has managed to cater to the needs of customers most efficiently. At GRT Jewellers, you can have an unforgettable shopping experience as the staff members here are readily available to assist you and answer any queries.
• NBFCs: Apart from these mentioned above, you can also purchase digital gold such as Gold ETFs, Gold Sovereign Bond, etc. You can do so at the popular NBFCs in Pondicherry which includes Muthoot Fincorp, ICICI Gold Loan, and more.

There are certain things that you as a buyer should remember while buying gold, some of which are enlisted below:

• Gold Certification: The Bureau of Indian Standard is responsible for providing a hallmark certification. An authorised dealer of hallmark jewellery must possess this certification. So, before you buy gold, remember that you check the gold certification of your seller in order to buy authentic gold.

• Buy-back Terms: Many jewellers in India and even in Pondicherry offer a buy-back policy. This means that you can easily return your gold jewellery to your original seller in circumstances where you want to sell it. So, when you buy gold jewellery, ask your seller whether they have a back-back policy or not.
• Weight: No matter where you buy gold from, it is very important that you verify its final weight before the payment. As jewellers generally consider the total weight while preparing the bill. So, it is a wise idea to cross-verify the weight of gold especially when you are buying studded jewellery.

Listed below are some of the major factors which affect the price of gold in Pondicherry and elsewhere too:

• Inflation: It is proven that gold acts as a hedge against inflation. During inflation, the value of a currency in comparison to gold goes down. This is why investors buy more and more gold during inflation, resulting in a spike in gold prices during the period.

• Interest Rates: The interest rates and the price of gold is inversely related. The higher the interest rates, the more people set out to sell out their gold, thus decreasing the price of gold. Consequently, when interest rates fall, the demand for gold increases and so does its price.
• Correlation With Different Assets: Gold has a direct correlation with other investment assets such as equities, stocks, etc. As the price of gold remains comparatively stable, the moment the value of other assets falls, the price of gold accordingly varies.