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Gold Rate In Proddatur Today

People in Proddatur are always keen on buying different forms of gold such as gold jewellery, gold coins, gold bars, gold ETFs and so many more. This is why this popular city has now emerged as one of the largest consumers of gold in South India. Proddatur is also the place where many investors now put their valuable money into buying gold. Furthermore, as the price of gold in Proddatur keeps on fluctuating, it is important to discuss the current gold price in Proddatur. Here is a guide that explains all about the gold rates in Proddatur and more.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹57,600₹62,840
Kurnool ₹57,600₹62,840
Kakinada ₹57,600₹62,840
Proddatur ₹57,600₹62,840
Nellore ₹57,600₹62,840
Visakhapatnam ₹57,600₹62,840
Vijayawada ₹57,600₹62,840
Ranchi ₹57,650₹62,890
Patna ₹57,650₹62,890
Kolhapur ₹57,600₹62,840
Nanded ₹57,600₹62,840
Ahmednagar ₹57,600₹62,840
Latur ₹57,600₹62,840
Amravati ₹57,600₹62,840
Solapur ₹57,600₹62,840
Jalgaon ₹57,600₹62,840
Thane ₹57,600₹62,840
Nashik ₹57,630₹62,870
Nagpur ₹57,600₹62,840
Pune ₹57,600₹62,840
Varanasi ₹57,750₹63,000
Ghaziabad ₹57,750₹63,000
Jhansi ₹57,750₹63,000
Gorakhpur ₹57,750₹63,000
Allahabad ₹57,750₹63,000
Meerut ₹57,750₹63,000
Raipur ₹57,750₹63,000
Lucknow ₹57,750₹63,000
Rourkela ₹57,600₹62,840
Berhampur ₹57,600₹62,840
Cuttack ₹57,600₹62,840
Kolkata ₹57,600₹62,840
Kozhikode ₹57,600₹62,840
Thrissur ₹57,600₹62,840
Kochi ₹57,600₹62,840
Udaipur ₹57,750₹63,000
Jodhpur ₹57,750₹63,000
Jaipur ₹57,750₹63,000
Khammam ₹57,600₹62,840
Nizamabad ₹57,600₹62,840
Karimnagar ₹57,600₹62,840
Hyderabad ₹57,600₹62,840
Ambala ₹57,750₹63,000
Faridabad ₹57,750₹63,000
Gurgaon ₹57,750₹63,000
Delhi ₹57,750₹63,000
Shimla ₹57,750₹63,000
Jammu ₹57,750₹63,000
Amritsar ₹57,750₹63,000
Ludhiana ₹57,750₹63,000
Chandigarh ₹57,750₹63,000
Bhubaneswar ₹57,600₹62,840
Karur ₹57,600₹62,840
Shimoga ₹57,600₹62,840
Kumbakonam ₹57,600₹62,840
Hosur ₹57,600₹62,840
Udupi ₹57,600₹62,840
Gulbarga ₹57,600₹62,840
Belgaum ₹57,600₹62,840
Nagercoil ₹57,600₹62,840
Erode ₹57,600₹62,840
Mangalore ₹57,600₹62,840
Salem ₹57,600₹62,840
Mysore ₹57,600₹62,840
Madurai ₹58,150₹63,440
Coimbatore ₹58,150₹63,440
Chennai ₹58,150₹63,440
Bangalore ₹57,600₹62,840
Amritsar ₹57,750₹63,000
Ratlam ₹57,650₹62,890
Jabalpur ₹57,650₹62,890
Surat ₹57,650₹62,890
Bhopal ₹57,650₹62,890
Indore ₹57,650₹62,890
Ahmedabad ₹57,650₹62,890
28-Feb-2024
Gold Price in Proddatur
₹62,840/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹57,600₹62,8400.0%
Yesterday₹57,600₹62,8400.0%
Above Price as per 10 gm
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Today 22 Carat Gold Rate in Proddatur

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,0000.0%
Yesterday Price₹5,760₹46,080₹57,600₹5,76,0000.0%

Today 24 Carat Gold Rate in Proddatur

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,284₹50,272₹62,840₹6,28,4000.0%
Yesterday Price₹6,284₹50,272₹62,840₹6,28,4000.0%

Best Places To Buy Gold In Proddatur

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.

Historical Gold Rates in Proddatur

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

There is no denying that gold is one of the most popular modes of investment. So, let’s talk all about the role of gold in investment:

  • Stable Price: As compared to most other investment options like stocks, mutual funds, etc, the price of gold remains relatively stable. Even during a financial or political crisis, the price of gold does not vary much. This is why investors prefer to stick to gold investment over other options.
  • To Stay Protected Against Uncertainties: Life is unpredictable and thus an unforeseen situation may knock on your door at any option. So, to stay protected against such uncertainties, it is better to invest in gold as gold offers the safest haven. Moreover, gold can also be easily cashed in such difficult circumstances.
  • A Symbol Of Inheritance: It is an age-old tradition to pass gold from one generation to another. Thus, another reason why people invest in gold is so that they can easily pass the same to their generations to come.

Things To Remember While Buying Gold In Proddatur

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.

Factors Which Affect The Price Of Gold In Proddatur

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.

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FAQs

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

    You can check the hallmark sign to verify whether the gold you have bought is hallmarked 916 22 karat gold or not.

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

    In case you bring from abroad to Proddatur, you need to pay an additional tax of 10%. 

  • How to check the purity of gold in Proddatur?

    The purity of gold is measured in karats, so when you are buying gold, make sure to check its karats.

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

    The purity level of 24 karat gold is 99.9% and 22 karat gold is 92%

  • How do you double-check your BIS-Hallmark in Proddattur?

    The HUID Number can help you double-check whether your jewellery is BIS-Hallmarked or not.

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