- About Coverfox
Goa is a state in the western part of India. Apart from being known for its white sand beaches, nightlife and world heritage architecture, Goa is also known for its love for gold. Goa has a rich history of gold as Kadambs who ruled over the state in the 12th Century were one of the first rulers to make use of Gold. Goa was also home to Portuguese mint which was set up by Afonso Albuquerque who was responsible for issuing gold, silver and bronze coins during the 16th Century. Even today, people in Goa love gold and are very much involved in gold trading. Goa, being a cosmopolitan city, witnesses a heavy purchase of gold on a regular basis. No matter what the gold rate today in Goa is, people love buying gold as it makes for a great investment. Read the below guide to know everything about the gold rate in Goa.
The gold rate today in Goa is heavily influenced by a number of factors that have a direct impact on its price. Since gold rates in Goa are quite volatile, it is always a good idea for one to check the price before making a purchase.
Here is a list of factors that have an impact on gold price today in Goa
Goa Gold Dealers Association determines the gold rate today in Goa. The above factors along with the gold ‘buy’ and ‘sell’ quotes provided by gold dealers and sellers are taken into consideration. Based on the average ‘sell’ and ‘buy’ quotes, the gold rate today is fixed in Goa. Gold rate in Goa usually witnesses a high during the time of festival and wedding seasons. Also, the average gold rate is adjusted on the basis of local taxes and the Goa gold rate is arrived on accordingly. One can easily check the gold rate today in Goa online or at the nearest jewellery showroom.
Gold is a precious metal that is considered to be one of the best investment options in Goa as if offers steady long-term returns. The Goa gold market offers individuals an array of gold investment options that ensure good returns.
Goa as a state is just not known for its exotic beaches and scenic beauty. With gold being a popular investment in the state, there are a few things an individual should know before zeroing down on making a gold purchase.
Making charges: While buying gold in Goa, ask your jeweller to offer you a fixed making charge. Always purchase gold from a jeweller who offers you a low making charge as these charges are included in the final cost of jewellery but are excluded at the time of selling the jewellery.
Weight: The final charge of the gold jewellery is taken into consideration as per the weight of the jewellery which means that if you purchase a gold item that consists of gemstones and diamonds, then the weight of it is included in it too. Hence, it is always advisable to check the weight of the gold you are buying.
Which are the well-known gold jewellers in Goa?
Some of the well-known gold jewellers in Goa are Pushpak, Malabar, Tanishq and others.
Are the 24K and 22K gold rates the same in Goa?
No, the 24K and 22K gold rate in Goa is not the same.
Where can I check gold rate today in Goa?
You can check the gold rate today in Goa online or at a nearby jewellery store.
How can I sell gold in Goa?
You can sell gold in Goa to a jeweller from whom you have purchased it or to the jeweller who is offering you a good selling price.
How to store Gold in Goa?
You can store gold in Goa in a jewellery box or in bank lockers. However, banks do not offer you any guarantee against theft or fire.
How much GST is charged on gold in Goa?
The GST charged on gold in Goa is 3%.