Over the first 15 days of the month, gold prices rose by around ₹10,803. Gold prices have increased by an average of ₹720 every day.
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Keep an Eye on Silver Prices Too
Silver prices have slightly dropped this month to ₹1,76,467 per kg, down from ₹1,78,100 yesterday. Before buying silver, be sure to check the price trend for 7-10 days.
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Determine Your Purpose for Buying Gold
Gold is not just for gifting; it's suitable for investment. According to experts, gold is better for long-term investment.
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Demand Increases During the Festive Season
The demand for gold increases sharply. This can drive prices up. Buying early might not get you a stable price. Therefore, ordering 7-10 days in advance can be beneficial.
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Pay Attention to Weight and Carat
The price of gold depends on its carat and weight. 24-carat is pure gold. 22-carat comes with a slight alloy mix. Always check the jewelry bill and carat certificate.
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Buy Gold Online or Offline?
Online rates are transparent and sometimes cheaper than offline. Offline offers trust and the advantage of seeing the physical jewellery.
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The Security of Gold is Most Important
After acquiring gold, its security is paramount. Please keep it in a locked cupboard or safe box at home. For more valuable jewellery, a bank locker is better.
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Disclaimer
The gold-silver prices and investment-related information provided in this article are for general information only. Changes are possible over time.