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Places To Buy Gold In Meerut
Listed below are the famous places in Meerut from where you can buy precious gold.
- Swarnganga Jewel Arts:
Swarnganga Jewel Arts are one of the trustworthy retailers of gold jewellery in Meerut. Visit their store to buy all kinds of modern and traditional gold jewellery under a single umbrella.
- Akash Ganga Jewellers:
You can buy premium-quality gold jewellery such as rings, bangles, necklaces, and much more, from Akash Ganga Jewellers. They are leading jewellery retailers in Meerut, catering to all your jewellery needs.
- Alankar Jewellers:
Established in 1996, Alankar Jewellers is a renowned jeweller in Meerut. You can visit their jewellery showroom and explore the stunning collection of modern and designer gold ornaments.
- Dharma Jewellers:
Dharma Jewellers have been creating trends since 1918 in Meerut. They are satisfying their customers by providing an exquisite collection of gold ornaments such as bangles, bracelets, rings and much more.
- PC Jewellers:
PC Jewellers are the best-seller of gold ornaments in Meerut. Among a wide variety of mesmerizing collections of ornaments, you can pick and buy the most suitable for yourself at your convenience.
- NFBCs:
Power Finance Corporation Ltd, Muthoot Finance Ltd, and others are some of the NFBCs through which you can invest your money in the most precious and prosperous metal.
Historical Gold Rates in Meerut
Months | Lowest Price (24 Carat) Gold rate/ 10gram | Highest Price (24 Carat) Gold rate/ 10gram |
---|---|---|
Feb,2024 | ₹52,275 | ₹63,170 |
Gold As An Investment
Gold is always in style, irrespective of culture and tradition. Moreover, people believe gold to be a prudent investment because of its long-term price stability. Every day, the demand for gold among the people increases, which simultaneously leads to an increase in the gold rate. Despite the hike in prices, why do people invest more and more in gold? Check the below section to find the answer.
- Hassle-free Trading:
People from almost every country are fascinated by gold and invest in it. Consequently, you can trade for gold with ease anywhere in the world and earn based on the price of gold.
- Better Return on Investment:
Considering the stability in the gold rate, the gold market has grown up significantly. More people now invest in gold to earn better returns by selling it during times of inflation.
- Profitable Asset:
Gold is the safest investment option in India because of its continuous growth in price. In the long term, gold has the power to provide the maximum benefit on the amount you are willing to invest now.
- Remains Same With Time:
Unlike other assets that start to obliterate with time, gold never loses its value. Moreover, the gold can even be passed on to your upcoming generations and secures them financially.
Things To Remember While Buying Gold In Meerut
Explore the below section to know more about the factors that you should keep in mind while purchasing gold in Meerut.
- Authorized Certification:
You should always check for hallmark certification issued by the Bureau of Indian Standards (BIS) on gold. It will ensure that you are purchasing the purest gold and can help you reap the benefits of your investment later in life.
- Gold Rate Today:
The value of gold is quite erratic. Hence, you can make a smart purchase by checking the current price of gold every day and buying when it is at the lowest price.
- Reliability Of Jeweller:
You should either purchase gold from trusted jewellers or read customer reviews for every jeweller in Meerut if you want to purchase the purest gold.
- Prefer Buying 24-Karat Gold:
A significant factor in assuring the purity of gold is its density. As a result, you should always choose 24 karat gold over 22 karat gold.
Factors Which Affect Gold Price In Meerut
The price of gold in Thrissur is influenced by a wide range of internal and external variables. Below are explanations of a few of these aspects.
- Availability of Gold:
The demand for gold rises throughout the wedding season and festive occasions. As a result, the ability to meet this high demand for gold decreases and it becomes more expensive.
- Government Funds:
Along with the money, the Reserve Bank of India (RBI) also keeps a specific amount of gold. As a result, when the government begins to invest in gold, there is a shortage of it due to the strong demand. Thus, the gold rate increases.
- Import Charges:
Being one of the biggest gold importers, India experiences a direct impact on domestic gold prices when changes in import prices are seen. As a result, the price of gold fluctuates worldwide.
- Beat Inflation:
The demand for gold rises when inflation is high and vice versa. As a result of intense consumer demand, the gold rate will increase.
FAQs
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Do I need to pay tax on bringing gold into Meerut from abroad?
You may carry up to 1 kg of gold from abroad into Meerut. Customs fees and other taxes do apply.
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How to check the purity of gold in Meerut?
You can verify the density of the gold to determine its purity, which is expressed in "Karats." Additionally, you can visit the BIS care app that allows you to view the gold's hallmark certificate which will ensure the authenticity of the gold.
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What is the difference between 22 karats and 24 karats of gold?
The two characteristics that set 22 karat gold apart from 24 karat gold are density and durability. As a result, higher-density gold will be more brilliant and pure than lower-density gold.
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How Do You Double-Check Your BIS-Hallmark in Meerut?
Enter the Hallmark Unique Identification Number of your product into the BIS care app to confirm the gold's purity.