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Check out today's gold rate in Tripura. Compare 22-carat and 24-carat gold prices per gram in Tripura & get the best value for your money.
26 May 2022
22-carat gold Rate
24-carat gold Rate
The trend of Gold Rate in Tripura for May 2022 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Tripura for April 2022 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Tripura for March 2022 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Tripura for February 2022 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Tripura for January 2022 (rates per gram for 22/24 carat gold)
Gold is one of the most evergreen investment options available to every person. The prices of gold rarely go drastically down thereby ensuring the security of the capital investment. In recent years, the prices of gold have increased exponentially which has made it a very attractive investment option for the investors.
In Tripura, gold has always held a very important place on account of being used for religious as well as ornamental purposes. Every household of the country is incomplete without any gold investment which makes the overall demand for gold in India quite high. This affects the prices of rates gold on daily basis making it necessary to keep a track of the same.
Investment in gold has traditionally been part of our society. Gold is used in religious customs as well as for auspicious occasions like weddings, other traditional rituals. It is also an excellent source of investment as the prices of gold always increase in the long term. In the recent pandemic, the gold prices had seen a record rise and have been trading at such high levels since then.
However, there are many risks associated with the investment in physical gold. Some of such risks are mentioned below.
Risk of theft
The risk of theft is the biggest risk of investing in physical gold. People invest their life savings in the purchase of gold and theft leads to the loss of their life savings in an instant.
Gold needs to be stored carefully to avoid any loss on account of theft or the risk of misplacing it. The storage costs for the gold are in the form of bank locker rents. The locker rent cost depends on the size of the locker and the bank’s guidelines.
Heavy capital investment
One of the major drawbacks of investing in gold is the heavy capital investment. Gold is one of the costliest metals on earth and investing even in 10grams of gold will require the investor to shell out huge sums of money depending on the prevailing costs of the investment.
No steady income
Most people invest with the aim to earn more or less a steady source of income. however, investment in gold does not provide any benefits until the investors sell their asset or liquidate it. This somewhat defeats the purpose of investing especially in the case of investors who look for an alternate source of income that can be easily available through dynamic investment options like mutual funds.
Risks of purity
Another risk associated with investing in physical gold is the risk of getting a lower purity of gold than what the investor has actually paid for. This is the risk of purity. This risk can be reduced by checking for the BIS mark and buying only hallmarked gold with the BIS certificate as well as the jeweller’s mark.
Buying physical gold requires the investor to be well aware of the risks mentioned above. To ensure that the investors get the required purity that they are paying for, it is essential to buy only hallmarked gold. Hallmarked gold assures the investor of the purity of the gold being purchased. Hallmarking of the gold jewellery is done as per the Bureau of Indian Standards which is a National standards body in India. The four major certifications to look out for while buying physical gold are,
These certifications safeguard the investment of the investor and also assure the true value of gold to be returned at the time of resale.
1. Why is jewellery available in 22 Karat gold?
A. 24K gold is quite difficult to mould and make intricate jewellery designs. Hence, jewellers take 916 gold or 22K gold to make jewellery.
2. What is the impact of GST on gold prices?
A. GST has increased the prices of gold as the levy of tax post-GST is higher than the previous regime. Also making charges have been included in the ambit of GST which were not taxable in the previous tax structure. Hence, this has adversely affected the prices of gold.
3. What are the new age forms of investment in gold?
A. The new age forms of investment in gold is in gold mutual funds, Gold ETFs, Digital gold, Sovereign Gold Bonds, etc.
4. What are the benefits of investing in gold ETFs?
A. The benefits of investing in gold ETFs are mentioned below.
5. Can a person use gold as collateral?
A. Yes. Most banks allow the investor to use their gold as collateral against any loan.
6. Can a person buy gold online?
A. Yes. There are many e-commerce websites that allow the sale of gold online. Investors have to ensure that the gold has all the proper certifications to ensure the authenticity of purchase.
7. Is gold traded as a commodity on stock exchanges?
A. Yes, gold is one of the many commodities traded on stock exchanges in India and worldwide.
8. Why is there a difference in the prices of gold in different cities?
The difference in prices of gold in different cities is on account of transportation costs or state taxes as well as different Bullion Associations that decide different prices.
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