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Today’s Gold Rate in Nellore

Gold Price in Nellore

Last Updated 03rd Mar 2021

The gold price in Nellore for 22-carat gold is ₹ 42,720 and for 24-carat gold is ₹ 44,840.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 44,840 42,720
Gold Rate Nellore Mar 2021
Highest Rate 45,790 43,590
Lowest Rate 44,840 42,720
Average Rate 45,167 43,010

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Today Gold Price Nellore

₹ 42,720

Gold Price Today in Nellore

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Nellore. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Nellore. The gold rates in Nellore are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Nellore today is ₹ 42,720 for 22-carat gold, whereas for 24-carat gold it is ₹ 44,840.

Historical Price of Gold Rate in Nellore

24 Carat Gold Price in Nellore 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
March 2021
44,840 45,790
February 2021
45,490 48,970
January 2021
48,420 51,020

24 Carat Gold Price in Nellore 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
47,650 50,220
November 2020
45,000 48,764
October 2020
47,600 52,800
September 2020
48,340 52,160
August 2020
49,540 51,780
July 2020
46,740 51,250
June 2020
45,120 46,270
May 2020
43,410 45,090

22 Carat Gold Price in Nellore 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
March 2021 42,720 43,590
February 2021 43,330 46,690
January 2021 46,110 48,580

22 Carat Gold Price in Nellore 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 45,260 47,800
November 2020 44,700 51,940
October 2020 47,200 52,640
September 2020 47,550 54,200
August 2020 54,040 56,490
July 2020 50,950 55,820
June 2020 49,220 50,480
May 2020 46,200 49,160

From where to buy gold jewellery in Nellore

When buying gold in Nellore, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Nellore for buying gold jewellery are . Other large Stores that sell certified and hallmark jewellery in Nellore are .

List of banks providing gold loan in Nellore

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Nellore that provide loan against gold jewellery are:

FAQs

What is the gold price in Nellore for 916 hallmark gold?

The gold price in Nellore for 916 hallmark gold is ₹ 42,720. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Nellore today?

The price of 1 gm gold in Nellore today is ₹ 4,484 for 24 carats of gold and ₹ 42,720 for 22 carats gold. 

What is the rate of 23-carat gold in Nellore?

The rate of hallmark gold of 23-carat in Nellore is ₹ 44,840.

How is today’s gold rate in Nellore 916 determined?

The gold rates in Nellore is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Nellore is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Nellore?

Checklist for buying gold in Nellore involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

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