Gold Rate In Proddatur Today

Proddatur has a number of small and large stores for buying gold, all of which together form the centre of the gold market in the region. You can explore the list below to know all about the best places where you can buy gold in Proddatur:

• Sri Guru Raghavendra Jewellers: The Sri Guru Raghavendra Jewellers is one of the popular places to buy gold. The Sri Guru Raghavendra Jewellers is located on Main Bazar Road and remains flocked with customers throughout the year. This famous jewellery shop is open on all days of the week and you can get your favourite jewellery here at a very reasonable price.
• Sri Chinmaya Jewellery Work: Located on Seshugari Road, Sri Chinmaya Jewellery Work has a wide customer base. Be it the most celebrated festivals like Diwali or weddings or any other occasion, you can be sure to get lured by the range of jewellery that is available at the Sri Chinmaya Jewellery Work in Proddatur. So, pick your favourite gold jewellery at this famous shop.
• Busetty Jewellers: The Busetty Jewellers is yet another gold shop that is located on Main Bazaar Road. This jewellery shop remains open on all days, except Sunday. On other days, you are sure to have a satisfied customer experience at the Busetty Jewellers, all thanks to the friendly staff members.
• NBFCs: In Proddatur, you can also buy digital gold. Some of the places to buy digital gold in Proddatur include Manappuram Finance Ltd, Muthoot Finance, and more.

Whether you are an expert or a first-time investor in gold, there are high chances that you will make some mistakes while buying gold. So, listed below are some of the things to remember while buying gold in Proddatur:

• Bank Locker: In case you are planning to buy physical gold, it is very important that you consider its storage beforehand. The best idea would be to safeguard gold jewellery in a bank locker, so before the ownership of gold, first, acquire a bank locker to ensure its safety.
• Go To A trusted Shop: It is always a wise decision to buy gold from a trusted shop only. This is because the chances of getting tricked at these trusted brands are minimal. So, in order to buy authentic gold, make sure you visit a trusted brand only.
• Price: There are a handful of people who prefer buying jewellery that is cheap. You should always be aware, however, that if your jeweller is selling gold jewellery at an unexceptionally lower price, then there is a good chance that the gold is impure, so never go for a cheap price, and always try and check its purity before buying.

The price of gold gets affected by certain factors. So, to know more about the factors which affect the price of gold in Proddatur, read on:

• Currency Fluctuations: In the international market, the value of gold is traded in US Dollars. And as India imports a huge amount of gold from the international market, whenever there is a fluctuation in the US dollar, the value of gold also accordingly varies. For instance, when the US dollar strengthens, the value of gold decreases.
• Geopolitical Factors: Geopolitical factors largely affect the price of gold in Proddatur. Geopolitical events like war, political turmoil, etc create a negative impact on most of the assets. However, this is not the case with gold, as the price of gold only increases during such times as investors invest more in gold during this period.
• Demand: The demand for gold is yet another factor that has a role in determining the current price of gold in Proddatur. For example: during festivals like Diwali, or Dusshera, the demand for gold in Proddatur rises and likewise, the price of gold also increases.