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Pune is a cosmopolitan city in the Indian state of Maharashtra. From being an educational centre, the city has now transformed itself into one of the popular residential hubs in the state. With an increasing population, the demand for gold too has witnessed a major high, which has led to the gold rates changing on a daily basis. The rising gold rates in Pune has not deterred people from making a gold purchase in the city. Gold being a safe asset is considered a highly valuable and reliable form of investment. Pune houses a number of jewellery shops and showrooms that deal in the selling and buying of gold. Gold trading is also one of the preferred investments options in the city today.
Gold rates in Pune change on a daily basis and one can check the gold rate today online or at a jewellery showroom or shop near them. However, no matter what the rate of gold is, people in Pune simply can’t avoid this metal and cannot resist themselves from making a gold purchase.
Despite the surging gold prices, people in Pune consider gold to be a safe investment option. However, as a gold buyer, it’s important for people to understand how and why the gold rates change on a daily basis. So, here is a brief explanation of the factors that affect the gold rate in Pune.
The Gold Rate in Pune is determined by the Indian Bullion and Jewellers Association that consist of over 200 members who have a say in the gold rates in Pune. The gold rate is arrived on the basis of the ‘buy’ and ‘sell’ quotes quoted by the top gold dealers in Pune. The gold in Pune is imported to the banks who then supply to the dealers. While determining the gold rate, the above factors are kept in mind and also the GST and transportation charges are taken into account.
There are an array of investment avenues under which an individual can make an investment in gold in Pune. Read below about various gold investment options that individuals can opt for.
Gold rate today in Pune is influenced by the above factors. However, to help you make a safe and easy purchase, here are a few things you should know before you invest your hard earned money in it.
What is the impact of GST on the gold rate in Pune?
GST on the gold rate in Pune is levied at a rate of 3%.
What is the difference between hallmarked and KDM gold in Pune?
Hallmark gold certifies that the gold is of pure quality and is certified by the Bureau of Indian standards. KDM gold is a cadmium-soldered gold that has now been discontinued as it has been proven to be hazardous to health.
What are the advantages of buying gold in Pune?
Investing in gold in Pune can protect investors and consumers from times of inflation. Purchasing gold as a fashion accessory can also make for a great investment and people can now purchase it in an electronic form too.
Is making charge on gold included in GST for buying gold in Pune?
No, the making charge on gold jewellery is not included in GST.