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GOLD RATE
Rs. 29495.00 (10 gm) Glitter Estimator

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BULLION RATES IN METROS

Cities	Gold Price (10g)
Chennai	Rs. 29495.00 (0.79%)
Mumbai	Rs. 29070.00 (0.02%)
Delhi	Rs. 29450.00 (-0.1%)
Kolkata	Rs. 29495.00 (-0.02%)

Silver Price (1Kg)

Rs. 53760.00 (-0.06%)

Rs. 54140.00 (-0.4%)

Rs. 53900.00 (-0.55%)

Rs. 53500.00 (-0.19%)

GOLD & SILVER PRICE ESTIMATOR

Find the price of gold or silver in the major metros. Enter the weight and purity of your selection to calculate price.

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What should you know before investing in gold

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A salesman displays gold jewellery at a jewellery showroom in Siliguri in this September 2008 file photo. REUTERS/Rupak De Chowdhuri

India (NRIs included) goes crazy about gold jewellery. With the World Gold Council (WGC) aggressively marketing social and religious functions as gold buying events, the demand has shot up in the recent years to record levels.

Research shows that over 16,000 tons of gold is there in Indian households predominantly in the form of jewellery. The value of this as per market price is a whooping Rs.27.2 lakh crores (US$591 billion).

That is close to twice the foreign exchange reserves held by the RBI. Let's consider the factors one needs to be aware of and the know how of investing in gold.

Also see: Gold and Silver rates | Glitter Estimator

Image courtesy: Reuters

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What should you know before investing in gold