In India, Gold is primarily used for jewellery and investment. Which makes India, one of the world’s largest gold consumers. Unlike other nations where gold is used for industrial reasons, India uses gold mostly for investment purposes. Gold is widely seen as a relatively safe investment, particularly during periods of economic or political unrest. Women prefer gold jewellery for occasions. People buy gold to mark the success of any auspicious occasion in India. However, it is important to check the gold rates in your city before making any purchase. The price of gold can vary from one city to another within the country. Therefore, it is mandatory to check the price of gold in your city before buying. Below are the top 5 cities with the highest demand for gold in India:
Mumbai
The demand for gold is significantly increasing from time to time. The demand for gold also has an impact on the gold rate in Mumbai. Therefore, it is important to check the price of gold in Mumbai before investing your money in gold. Compared to other cities, Mumbai is a port city which makes gold cheaper in Mumbai as compared to other parts of the country. You can buy gold in Mumbai today for INR 5,160 per gram for 24 carat gold and INR 4,730 per gram for 2 carat gold.
Ahmedabad
Ahmedabad, is a city located in the state of Gujarat. Gujarat being a state with various ports, gold prices can also be affordable here as compared to other cities. However, it is advisable to check the gold rate in Ahmedabad before making a gold purchase. The demand for gold in Ahmedabad has been constantly increasing over a few years. Therefore, apart from the gold rates you should always check the making charges charged by the jeweller on the gold jewellery before purchasing it. The gold prices in Ahmedabad are INR 5,168 per gram for 24 carat and INR 4,738 per gram for 22 carat.
Bangalore
Bangalore or Bengaluru is known as the IT capital of India. Bengaluru has a high number of population. With such a high population, the city has had a high demand for gold for a very long time. The demand for gold keeps on increasing as the per capita income of the city also increases. Also, Karnataka has been one of the highest gold consuming states in the country. Bengaluru being the capital of Karnataka contributes to the gold consumption of the state. With such high demand you should be careful about the gold rate in Bangalore before buying gold. You can buy gold here for INR 5,160 per gram for 24 carat and INR 4,730 per gram for 22 carat.
Delhi
Being the capital of India and having such a huge number of population not only Delhi has one the highest consumers of gold. But also, Delhi has the highest number of Gold sellers. Therefore, you should be extremely cautious while buying gold in Delhi. In order to be able to buy gold in Delhi, you should be aware about the gold rate in Delhi. Today you can buy gold in Delhi for INR 5,160 per gram for 24 carat. Whereas you can buy 22 carat gold in Delhi for INR 4,730 per gram.
Pune
Although Pune is located near Mumbai there can still be a difference in the gold rates of both the cities. Therefore, it is mandatory to check the gold rate in Pune before buying. If you are buying jewellery in Pune then make sure to check the making charges on the jewellery before making your purchase. Otherwise, you might have to pay a hefty bill for your gold jewellery purchase. However, today you can buy 24 carat gold in Pune for INR 5,165 per gram. While on the other hand you would have to pay INR 4,735 to buy 1gm of 22 carat gold in Pune.