Lucknow, the city of Tehzeeb or the Constantinople of the East was once the land of the Awadhs and Nawabs. The capital of India's biggest state by size has a heritage when it comes to Gold and bullion. Sify presents Gold rates and trends from Lucknow for readers. The Today Gold Rates in Lucknow mentions prevailing rates from the markets of Lucknow.
Rates mentioned on this page are sourced from credible jewellers and agencies across the city. Also, these rates remain exclusive of GST and making charges. Sify.com also incorporates rates received from jewellers across Gomti nagar, Barabanki, Malihabad and popular localities of Lucknow to arrive at the daily rates as mentioned on this page.
Lucknow & Gold:
When it comes to jewellery, expect the Nawab and Awadh collection to fetch a good value. The Awadhi designs, much like the cuisine, are genuinely lavish with radiating jewels and an assortment of enticing gemstones. Expect most of the intricate cuts set in 22 Karat gold - considered as the finest among Kundan and Jadau works. In recent times, trends indicate a movement from Jewellery into other gold investment schemes floated by popular jewellers.
Legacy, Elegance, and Luxury are three words that come to mind when one visualizes of Lucknow and its connection with gold or jewellery. The land that once was the centre for the Delhi Sultanate, paved way for the Awadhs (popular also for Awadhi cuisine). Awadhi jewellery, replete with intricate cuts and choice of lavish gemstones is a popular among collectible. Also, Lucknow which has been renowned for its lip-smacking kebabs and the Chikankari art-work is also home to many jewellers and entrepreneurs who have contributed to the jewellery indutry.
Some of the leading jewellers and diamantaires who boast of their Lucknowi connections includes Harsahaimal Shiamlal Jewellers from Budaon or Punjab Jewellers and Sons. Both are at least centuries old. The website of PJS says its founder Shree Pesharmal Chawla established the first store sometime in 1949.
Lucknow per gram Gold rate calculation:
Sify.com collates rates in Lucknow from jewellers and local agencies including federations and sarafa associations. These agencies calculate rates at least two time a day - morning and evening. The rates are calculated on the basis of international price of gold and the prevailing Dollar rate. The agencies may also add refiner margins to arrive at the cost of 24 Karat gold alloy. Rates mentioned by jewellers may differ by a small margin owing to differences in business operation, logistics, and dealer margins.
Individual jewellers also share prescriptive rates for lower purities such as 22 and 18 Karats. These rates include slight making charges which may include the cost of impurities such as Palladium, Platinum and Nickel required to make 22 Karat or 916 Karat Gold alloy. Individual jewellers may showcase rates higher or lower than the association' prescriptive rates owing to differences in business operations and added costs on security and logistics. Sify ensures that rates reflect near-market trends to ensures customers are empowered with latest market information.
You should also understand that rates quoted by adjacent jewellers in the same locality in Lucknow can differ by a margin of a few rupees and hence for a satisfactory transaction comparing the single gram gold rate at the jeweller is advised. The prevailing Gold price for bullion, that is 24 Karat, and 22 Karat (916) can change at least two times in a day. The rates are symbolic of changes in international markets and national trends including US-Dollar-Indian Rupee volatility. Sify analyzes several market and economic trends related to buy-sell of Gold.
Lucknow: Time-Trusted & Popular Gold Showrooms of Lucknow:
Jewellers and goldsmiths can be found through Lucknow, Gomti river and even parts of old Lucknow. The popular ones in Gomti nagar includes PJS, Harsahaimal & Shiamlal Jewellers, Kalyan Jewellers, Jugal Kishore Jewellers etc. On Civl Lines Road, you may find jewellers such as Senco Gold & nd Diamonds and Sahu Jewellers. A handful jewellers can also be found in Mahanagar in Lucknow.
Why subscribe to authentic rates:
Gold investment can help safeguard from inflation. Usually, an investment of 10-15 percent of financial portfolio is advised in the form of Gold. Gold, certainly has remained a favorite investment form for scores of Indians and can work wonders when done correctly. The information mentioned on this page empowers buyers to negotiate when it comes to gold and jewellery. In fact, even Rs 10 saved is Rs 10 earned.
Having latest and authentic rates can help buyers plan their investments much in advance. Knowing the latest rate also helps during a gold loan. The gold rates in Lucknow is a way to enable customers access the latest and authentic gold rates. Another reader engagement from Sify.com is our frequent articles and insight columns with popular industry veterans and market experts. These insights offer readers information on when to buy gold and what rate to buy it at. Do bookmark this page or download Sify Gold rates app to track the latest 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 email@example.com with the subject – Gold / Bullion.