Gold Rate Today In Kanpur

Wondering where to buy gold in Kanpur? Fret not, as this list will tell you all about the best places to buy gold in Kanpur:

1. Kashi Jewellers: The Kashi Jewellers is located on Birhana Road in Kanpur. It is one of the best jewellery shops in Kanpur when it comes to buying hallmarked jewellery. The Kashi Jewellers was founded in 1955 and since then it is known for its quality jewellery and designs. In fact, this jewellery house is so popular that people from all over the country often consider checking the unique gold jewellery at Kashi Jewellers.
2. Tanishq Jewellery: Tanishq which is one of the popular jewellery brands needs no introduction. This famous jewellery brand has its stores spread across the country. In Kanpur, Tanishq Jewellery is located in the PPN Market. The goldsmiths at Tanishq Jewellery in Kanpur are exceptionally trained and skillfully manufacture unique jewellery designs. So, if you too are planning to buy gold in Kanpur, then make sure to visit the Tanishq Jewellery.
3. Sona Chandi Jewellers: Yet another place to buy gold in Kanpur is the Sona Chandi Jewellers. The Sona Chandi Jewellers is also located on Birhana Road and is thus easily accessible from the different corners of the city. This famous jewellery shop sells hallmarked jewellery and even has a buy-back policy which means you can easily sell your jewellery here.
4. NBFCs: Another way in which you can easily buy gold in Kanpur is from the NBFCs such as Muthoot Finance, IIFL Gold Loan, etc.

Even an expert can go wrong while buying gold, so we have compiled a list of things to remember while buying gold:

• Check The Purity: When buying gold, it is very important that you first verify its purity of gold. The purity of gold is measured in karats, and it is advisable that you buy either 22 karats or 24 karat gold. While 22 karat gold is 99.9% pure, 22 karat gold on the other hand has considerably less weightage.
• Colour: The colour of gold is another thing that helps to identify whether gold is pure or not. In general, the colour of gold is yellow and depending on the purity matrix, the colour of gold varies accordingly.
• Hallmark Jewellery: For most of us, buying gold is a big deal. Isn’t it? So, when you are all set to invest so much money in gold purchases, then it becomes imperative that you purchase only hallmarked jewellery. Hallmarked jewellery is an indicator of purity and offers maximum returns in the long run.
• Price: Before making a purchase, it is a safe idea to cross-check the price so that you can make a smart decision. During festive seasons, many jewellers offer amazing discounts to lure the attention of customers, so you can purchase gold during this time as well.

No matter which city you choose to buy gold from, there are certain factors that can affect your purchase. So, listed below are the factors which affect the price of gold:

• Jewellery Market: Indians are extremely passionate about owning gold. Be it weddings, festivals or any other celebrations, the demand for gold in India is always high. This is why the jewellery market heavily affects the price of gold as whenever there is a high demand for gold, the price accordingly rises. The prices mainly rise due to the mismatch between demand and supply.
• Global Events: Whenever there is a change in the price of gold at global levels, the price of gold in India will also vary accordingly. This is because global events affect the price of import duties. And as India is one of the largest importers of gold, a change in import duty will in turn affect the price of gold in the country.
• Interest Rates: Another factor that significantly affects the price of gold is the interest rates as the interest rates and gold rates are very closely related. This means that whenever there is an increase in the interest rate, the price of gold inversely decreases and vice versa.
• Inflation: In comparison to other currencies, the value of gold remains relatively stable during inflation. This is why the demand as well as the price of gold also increases during inflation.