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Widely known as the ‘Pink City’ of India, Jaipur is one of the largest cities in Rajasthan. Jaipur being the capital of the Indian state of Rajasthan, is the largest SEZ in the country. Having a high population of educated people, gold is one of the largest commodities traded here. The people of the city of Jaipur absolutely love gold due to which the yellow metal is always in great demand here. The rising gold price in Jaipur does not deter people from making an investment in the precious metal. Gold rate in Jaipur changes on a daily basis due to a number of factors that have a direct impact on it. People in Jaipur make heavy investments in Gold as it offers good returns and also is considered to be a safe investment option.
Jaipur is home to over 3 million people who purchase gold on a frequent basis. However, due to the fluctuating gold rates, at times, the gold price in Jaipur is low, while at times, it is very high. So to help you understand why the gold rates in Jaipur fluctuate, here are a few factors that you should know about.
Gold rate in Jaipur is determined by the Jewellers Association, Jaipur that consists of various members who deal in the business of selling gold. The gold rate is arrived on the basis of the ‘buy’ and ‘sell’ quotes quoted by the top gold dealers in the city. While determining the gold rate, the above factors along with the GST and transportation charges are taken into account. Gold rate in Jaipur is different in comparison to other cities in India because of its demand, the taxes prevailing in the city and also the transportation costs.
In the past, people of Jaipur used to only invest in gold ornaments and coins. However, with the advent of technology, people have now started investing in Gold ETFs and mutual funds.
Gold in Jaipur has a promising future as people are constantly investing in it. Gold in Jaipur is considered to be a bankable investment as it provides hedge against inflation. However, there are a few things that an investor should know before making an investment in gold in Jaipur.
What is gold rate today in Jaipur?
You can check gold rate today in Jaipur online or at your nearest jewellery showroom.
Can I buy gold in Jaipur on EMI?
No, you cannot buy gold in Jaipur on EMI in India. There are various gold schemes that you can first pay in and then buy gold in the city.
Do youngsters in Jaipur invest in gold?
Yes, since the youngsters in Jaipur are very much aware about the benefits of investing in Gold, they do invest in the precious metal.
What is Jaipur 24K gold (99.9%) price today?
You can check it at your nearest jewellery showroom or online.