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Widely known as the city of Nawabs, Lucknow has always held a rich tradition of investing in gold. Gold in Lucknow is primarily purchased in the form of jewellery and is accounted not only as a fashion accessory but also as an investment. Gold serves as a safe haven for investors in Lucknow as it gives stable long-term returns. Gold in Lucknow is purchased after checking the gold rate today. This is because gold rates in Lucknow change on a daily basis, which affects the gold per gram rate in the city. One can check gold rate today in Lucknow online or at any jewellery store. Gold can be purchased online or offline in Lucknow depending on what suits the requirement of an individual.
Lucknow, the capital of Uttar Pradesh is popularly known as a ‘golden city’ housing over 4 million people that share an immense love for gold. While an increase in demand is largely known to affect every day changing gold rates in Lucknow, the below factors too have a role to play.
Accumulating gold is one of the sought after methods of investment in Lucknow. As gold can easily be liquidated, it is considered to be one of the best commodities to invest in.
Here are various gold investment options in Lucknow one can avail:
Just because it is yellow doesn’t mean its pure gold. While buying gold in Lucknow, you need to keep the below things in mind to ensure that your gold purchase process is pure and transparent.
Gold rate in Lucknow is determined by Indian Bullion and Jewellers Association Ltd., i.e. the IBJA that consist of various members who are jewellery dealers and sellers. The members of the IBJA take into account the ‘buy’ and ‘sell’ quotes provided by various jewellers on the basis of which the gold rate today is fixed in Lucknow. Other factors such as taxes on gold, import duty, international gold price are also taken into consideration while fixing gold price.
Is gold a good investment option in Lucknow?
In case of any uncertainty, gold has always proved to be a good investment option. The rising gold rates in Lucknow clearly prove that gold is an excellent prospect for investors.
Which are the well-known gold jewellers in Lucknow?
B.K Saraf Jewellers, Punjab Jewellers and Sons, T.P Jewellers and others are a few well-known jewellers in the city of Lucknow.
Does share market affect gold rate today in Lucknow?
Yes, share market does affect the gold rate today in Lucknow.
Is gold rate today high in Lucknow?
You can check the gold rate today at a jewellery store near you or online to analysis if the rate is high or low in comparison to previous day’s gold price.
Can a situation like demonetization affect the gold rate in Lucknow?
Yes, a situation like demonetization does affect the gold rate in Lucknow.