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Gold Price in Jalandhar today -
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Jalandhar

Jalandhar one of the most ancient cities in Punjab lies around 150 kms from Chandigarh and 80 kms from Amritsar. True to its moniker as the ancient city, Jalandhar’s roots can be traced back to the Indus Valley Civilization; since then it was invaded by several invasions by the Ghaznavids, the Mughals, the Persians, the Afghans, and the British. Hinduism and Sikhism are the two majorly followed religions in this city which makes the Gurdwara Guru Tegh Bahadur Nagar a famous religious destination. Jalandhar is known for manufacturing sporting equipment which is then exported to different countries. Gold is a popular investment option in this city due to which gold rate in Jalandhar is a closely followed parameter by many. Leather industry, furniture, glass, hand tools, and industrial tools are among other industries that flourish in Jalandhar. The medical system is also commendable in the city with 800 hospitals, drawing patients from all over the country to receive treatment.

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Gold Prices in Jalandhar for different purity

Purity
Gold price 1 gram Gold price 10 gram

Gold Prices in Jalandhar for last 7 days

Date Gold price 1 gram Gold price 10 gram

Why is Gold considered a Precious Metal?

Gold is universally acknowledged as a valuable commodity pertaining to its unique properties, such as:

  • Finite availability

Gold is available in limited quantities. The best estimates suggest that about 197,576 tonnes of gold have been mined throughout history. In fact, if every ounce of this gold is arranged in a cube, each side of this cube will only measure about 21 metres.

  • High Demand

The price of gold tends to rise over time. This is because its demand is exceedingly high in countries India, but the supply is limited.

  • Idle Asset

Gold is a highly liquid, non-consumable asset. Additionally, this metal retains an active market at almost all times. So, individuals can easily convert their gold to cash whenever they want.

  • Economic impact

It impacts economies in terms of contribution to foreign exchange and trade balance. Furthermore, gold is used as a reserve to hedge against inflation in most free-market economies globally.

Difference between 18 Karat, 22 Karat and 24 Karat gold

'Karat' represents the proportion of gold present in an alloy. It indicates the fineness of gold, which implies that the higher the karat, the more the purity of gold.

https://docs.google.com/spreadsheets/d/1eHzF-lCrWDV0KRukdDCeGKq5bSgWjrlfe5oVev7nIec/edit?usp=sharing

KDM vs Hallmark gold - What's the difference?

The purity of the gold and the quality of the gold are two different factors that people often get confused over. Hallmark gold and KDM gold are the two types of gold that usually leads to some confusion. The two types of gold are considerably different with regards to their composition. The KDM gold has a purity level of 92%, where the gold is a mixture of 8% of cadmium and 92% of gold. Since there are some health risks associated with KDM gold, it is no longer in sale in the market. On the other hand, Hallmark gold has a certification by the Bureau of Indian Standards. The Hallmark gold is testes in assaying centers approved by the BIS. There are four varieties of hallmark gold: 23 karat, 22 karat, 21 karat and 18 karat. The purity of the gold is directly proportional to the karat rate. The higher the karat rate, the higher the purity.

Benefits of investing in gold

In its history of more than 3000 years, never has the value of gold dipped below zero. It has always remained a valuable commodity in the face of the Earth. Gold is a nice option to invest your funds in. Its value not only has remained relatively consistent throughout history, but the demand for it has also been steadily rising. If you are looking to get high returns on your investments, gold is the answer. People also move towards gold whenever recessions occur. In that case, it functions as a hedge against the fluctuations in the market. It is one of the most liquid assets in the world. It can be sold or placed as collateral to obtain funds in return. It is also very storage-friendly. Unlike dealing in the stock market, dealing in gold or identifying its value or quality doesn’t require much skill or expertise as the purity of the gold is also always certified by the seller.

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Jalandhar
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