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Patna is an important trade centre in the Northern side of India. The city is the capital of the state of Bihar, which is one of the highly demanding gold cities in the country. Teej and Chhath are one of the widely celebrated festivals in Patna which are commemorated by buying gold. People in Patna value gold immensely and are unaffected with the changing gold rates. Gold in Patna is not only purchased because it has ornamental value but also for investment purpose. Patna houses a good number of artisans who are involved in the business of gold jewellery making. Because of the high demand for gold, the gold trend in Patna is highly fluctuating. This fluctuation is caused due to a number of factors that play a key role in determining the gold rate today in Patna.
Gold rates today in Patna are linked with a number of factors that have a direct impact on it. Below are the few factors that affect the gold rate today in Patna.
Gold investment in Patna is primarily done through gold jewellery. However, there are various gold investment avenues in Patna that people don’t know about. So, here are various gold investment options one can look to invest in.
To make sure your gold purchase is a transparent process in Patna, here are a few things to know before investing. The below points tell you about the things that you should check before shelling out your hard earned money on buying the precious yellow metal.
Patna gold rate is determined by the Indian Bullion. There is no such kingmaker in India that determines the gold rate. The Indian Bullion Association plays a key role in determining the rate of gold in India. The Indian Bullion and Jewellers Association Ltd. i.e. the IBJA plays an important role in determining the gold rate today in Patna. The IBJA consists of gold dealers and sellers who decide the gold rate today on the basis of the ‘buy’ and ‘sell’ quotes given by various jewellers. An average number is arrived on the basis of the ‘buy’ and ‘sell’ quotes given and the gold rate today is decided in Patna. While deciding the gold rate, other factors such as demand for gold, import duty, international gold price are also taken into consideration.
What is the gold rate today in Patna?
You can check the gold rate today in Patna online or at a jewellery store near you.
Can I buy gold without an invoice in Patna?
To make your gold purchase transparent and also ensure that there is no discrepancy involved, it is always advised to buy gold from a jeweller who is giving you an invoice for the purchase.
When is the gold rate in Patna the highest?
Gold rate in Patna is high during the time of festivals and wedding season.
Which are the well-known gold jewellers in Patna?
Few well-known jewellers in Patna are Ratnalaya jewellers, Rajlaxmi jewellers, PC Jeweller and others.
Can I buy gold online in Patna?
Yes, you can buy gold online in Patna.
Can I know gold rate today online in Patna?
Yes, you can easily know gold rate today online in Patna.