Dindigul, popular for its locks and the Biriyanis is also known for industries such as leather tanneries, agro-trading, and textile spinning machineries. The Today Gold rates in Dindigul are sourced directly from jewellers and agencies from the district. Gold rates for Dindigul are presented in 1 gram, 8 grams (Sovereign), 10 grams (Tola) and 100 grams to help readers reap benefits on their investment. To help gold jewellers and prospective customers, Sify.com also features the last 7 days and last 30 days rates for Dindigul and nearby towns. The rates mentioned here are exclusive of GST and making charges.
Popularity of Gold in Dindigul?
The investment community is quite active in Dindigul and Gold trading is not new for the locals. From investment banks to jewellers, there are a number of avenues for gold investment. A significant population is engaged in business and employment in Dindigul. Gold hence acts as a safe investment asset. Also, many housewives, farmers, traders tend to invest in the yellow metal. Farming and trading are major occupations and gold rates are bound to peak time during harvest season. Mattu Pongal and Diwali are also celebrated in Dindigul.
Should I buy Gold as Jewellery or subscribe to ETF in Dindigul?
For investors, there are number of options to invest in Gold. One can invest in bullion coins or bars. While the craze for ETF investment is yet to pick up, there are ample jewellers in Dindigul and adjacent cities. A 995 coin is among the most popular investment that our readers from Dindigul invest in. If you are planning to invest in coins, bars or jewellery, you should know more about BIS and other hallmarks.
Why does jewelry rates change so often in Dindigul?
Across India, gold rates can change quite often, sometimes 2-3 times within a day. Add to this, several jewellers, including the leading ones, have ways and means to price the gold rates. While the base rate of Gold remains more or less constant, other factors such as making charge, wastage, melting charges, refiner margins etc can change at jewellers within the same city. You will be surprised to know that jewelry shops adjacent to each other within Dindigul can quote a difference of Rs 5 to 10 per gram.
The changes in impurities added (Platinum, Palladium, Silver, Nickel, Aluminum, Iron) along with changes in transportation, logistics, expenses incurred on security, changes in business operations, and finally the margins are responsible for the difference in jewellery rates in Dindigul.
Gold rate change in Dindigul:
You should also know that gold rates in Dindigul can change at least twice within a day. These rates are usually derived from international standards because Gold needed for jewellery making has to be imported. As on date, gold mines in India do not yield any meaningful amount of gold ore. The international factors that decide the rates includes the rate of Gold in troy ounce (decided during international benchmark auction), rate of Gold in spot and futures markets, parity of currency such as US Dollar and Indian Rupee.
Trustworthy and popular jewellers in Dindigul?
The major commercial centres in Dindigul district includes Oddanchatram, Palani, Nikakottai, Athoor and the tourist destination of Kodaikanal. You can find most jewellers in these commercial avenues, malls and other bazaars spread through the district.
The Sri Vasavi Thanga Maligai that boasts of a 9,000 square feet showroom across three storeys is one among the largest in Dindigul. Then there's the Original Vasavi Jewellery Mart (OVJ) that has a history of being established in 1942. OVJ has found itself quite a good number of reviews and has a history of serving a loyal customer base.
Then there's GRT Jewels and Jos Alukkas. One can find jewellers on the street from Chellandi Amman Kovil to the Begambur Bada Masjid. Other avenues include Salai Road and Madurai Road. A significant number of jewellers are also present in the tourist location of Kodaikanal. Almost all jewellers are reasonable, however, we always remind our readers to negotiate using the daily gold rate to get the best benefit. Do follow our standard best practice guideline to ensure you have a happy shopping experience.
Why subscribe to authentic rates:
Investment in Gold or bullion can always safeguard your hard-earned money from inflation. It is advised that each individual keen of building a financial portfolio should allocate 10 to 15 percent of his or her savings in gold and gold-backed assets. However, in these days of market-competition and digitization, getting accurate rates has turned out as a cumbersome task. Even a 10 rupee change in gold rates can result in a huge saving in your financial portfolio.
The gold rates in Dindigul is a way to enable customers access the latest and authentic gold rates. Having the latest and authentic rates can help buyers plan and even negotiate when it comes to buying and selling of gold and jewellery. Knowing the latest rate also helps while seeking a gold loan. As a reader engagement, Sify talks to several industry veterans and market experts to offer readers latest insights on where gold rates could head to. We request readers to bookmark this page or download Sify Gold rates app to find out the latest and most accurate gold rates for prominent cities across India.
Disclaimer: Sify.com showcases news, analysis and gold rates with the sole objective of financial prosperity for all. The rates mentioned may vary within the same city and readers are hence advised to consult with a registered financial advisor. For any complaints, feedback, opinions or to share experiences write to firstname.lastname@example.org with the subject – Gold / Bullion.