Gold is one of the common and treasured commodities in India. It is popular in various parts of the country, Bangalore being a prominent sector of the same. The rate of gold is a very influential factor affected by a wide range of aspects. The gold rates here are decided based on international trends like the strength of US dollar, seasonal demand, etc. gold in Bangalore is mostly used for ornaments and jewellery which is a popular trend in the entire country.
Further, it is also traded in an exchange with Multi Commodity Exchange (MCX), National Spot Exchange (NSEL) and National Commodity and Derivatives Exchange (NCDEX). The contracts may be spot contracts where gold is traded right away or future contracts where the gold is sold at a later date.
Gold also works as investment portfolio in India, especially in Bangalore. People look forward to earning stable and good amount of returns on the metal.
1. Ornaments and jewelleries
Popularly at the time of marriages, festivals such as Diwali and other happy functions, the gold is hugely purchased. The rate of the same has both Gold rate as well as the artistry. Thus, reselling might not get the customers the same value to what they had paid.
Gold in bulk is purchased as bars or ingots. They are available at the market rates in Bangalore. One can buy these bars from any bullion vendor representing good value on investments for returns being close to the actual investment made. These bullions are bulk measured in kilogrammes.
3. Gold coins
Most often banks and private dealers purchase them who further sell the same a slightly higher rate compared to the actual rate in Bangalore.
Where to buy gold in Bangalore?
There are numerous dealers who you can look forward to, to buy gold in Bangalore. These are the banks, bullion dealers, private sellers and much more. The reputable gold dealers include Shubh jewellers, Bhima jewellers, Malabar jewellers, GRT jewellers Jos alukkas, P.C Chandra Jewellers, Abharan jewellers, Khazana jewellers, Tanishq jewellers, etc. They deal not only in jewellery but also coins and other custom products. Banks sell the bars, coins but do not pose a buy back option.