Gold is one of the best investment options though people in India are fond of Gold Jewellery. On auspicious days/ festivals like Deepawali, Dussehra and Akshay Tritiya, purchase of Gold is considered as prosperous. On Laxmi Pujan and Dhanteras day, Gold as well as Money (Laxmi) is worshipped here.
Gold is either 24 K , 22 K and 18 K. Most of the ornaments are made of 22 K. 24 K Gold is considered as pure gold with no other mix in it. However ornaments are made with some mix of silver or any other alloy henceits purity becomes less i.e. 22 K. 18 K gold is used in fashion ornaments / jewellery.
Change in Price of Gold in last one month –
Rate of 10 May
22 K — 1 Gm— Rs 6813/-
24 K — 1 Gm— Rs 7154/-