Gold Rate in Lucknow

Gold is as essential a part of festivities and celebrations in India as it is for investment. So, if you are considering purchasing gold in Lucknow or investing in it, it is pertinent to be aware of the gold rate in Lucknow.

The gold price in Lucknow fluctuates on a daily basis. Check out the current gold price in Lucknow below.

There are many different ways to buy gold in Lucknow. Many people in the city purchase yellow metal, either as gold coins, gold jewellery, or gold bars. You can choose to do any of these.

You could also invest and trade in the yellow metal as a commodity on exchanges that facilitate this, like:

• National Commodity and Derivatives Exchange (NCDEX)

• Multi Commodity Exchange (MCX)

Whichever option you choose, you need to be aware of the gold price today in Lucknow. The gold rate in Lucknow, with fluctuations in the last few days, is shown below:

Gold price in Lucknow with fluctuations in the last few days, is shown below:

You can check the 24k and 22k gold rate in Lucknow using the Gold Rate Calculator. Select the city to Lucknow, choose the purity (24-carat or 22-carat), put in the weightage and then hit the calculate button. This would provide you with the gold rate today in Lucknow.

People mostly buy gold in the form of jewellery in Lucknow. However, it is not the only form in which gold is purchased. This metal is also a popular investment option in the city. You can trade the metal or hold it as a long-term investment.

You can also trade in the commodity through the derivative market. For example, gold futures and options help you take advantage of the changes in the gold price in Lucknow.

Another investment option is gold mutual funds. These are MFs that directly invest in this precious metal. This option allows you to invest in gold without physically owning the commodity.

Whichever option you choose, you need to be aware of the gold prices today in Lucknow for both these options.

Before you go ahead and buy gold in Lucknow, here are some important points to keep in mind.

• The first thing you need to do is check the gold price today in Lucknow. This can give you a better idea of when to buy this precious metal. The cost is available per gram, 8 grams, 10 grams or kilogram.

• You also need to find out the purity of this precious metal. you can readily find this information on the bar, coin, or jewellery you plan to buy, making things much easier.

• Before buying gold, ensure it carries a genuine BIS hallmark certification. Whether you are buying gold to use as jewellery or coins, or a bar for investment, it is advisable to buy certified gold.

The Goods and Services Tax (GST) was introduced in India in 2017. The GST on gold jewellery is 3%. And the GST on the making charges is 5%. This will have an effect on the gold price in Lucknow. This tax has resulted in a marginal increase in the price of gold.

Additionally, the import duty on gold also impacts gold prices. Currently, the import duty on gold bars is 12.5%. This, in addition to GST, influences the price of the yellow metal in Lucknow.

So, keep this factor in mind before you buy gold, along with the others discussed in the previous section.