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Points to Remember When Buying Gold in Pondicherry

Keep the following pointers in mind when planning to buy gold in Pondicherry:

  • Ensure that the gold comes with a Bureau of Indian Standards (BIS) hallmark

  • Ask for a certificate of authenticity for the gold purchased

  • Check the current gold rates prior to making a purchase

  • Buy gold only from authorised dealers and stores

  • Ask for a receipt, which acts as proof of purchase and contains all essential details

  • Check whether the karats and weight mentioned are accurate

Gold Investment in Pondicherry

You can make gold investments in Pondicherry through the following avenues:

  • Gold ETFs

  • Sovereign gold bonds (SGBs)

  • Gold mutual funds

  • Gold derivatives like futures and options

  • Purchase of physical gold

FAQs

What factors influence gold rates in Pondicherry?

Here are some factors that can impact gold rates in Pondicherry:

  • Gold import tax and duties

  • India Bullion and Jewellers Association Ltd. (IBJA) benchmark rate

  • Government’s gold reserves

  • Supply and demand

  • Inflation, recession and other economic crisis

  • Change in currency value

How can I check the purity of the gold I purchase in Pondicherry?

Ensure that the gold you purchase comes with a BSI hallmark and a certificate of authenticity. These denote the purity of the gold as per standard measures like karats and fineness.

 

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