List of 5 Cheapest GOLD Price States in India 2024

In India, Gold prices differ from State to State. Do you know India does not mine a lot of Gold, Most of the Gold is imported from Banks. Such as SBI Bank, Icici Bank, HDFC Bank etc. MMTC and STC are 2 entities that are responsible for importing the Gold at international rates. If international Gold rates increase as a result Gold prices in India also increase. The reason behind varying Gold prices from one state to another state is local levies and taxes. Therefore 22 Karat Gold and 24 Karat Gold prices differ from State to State. Moreover, according to the local bullion association, Gold prices are Fixed. In Kerala, Gold Prices are lowest as compared to other states or Cities. Below you can Check Gold Prices in top States.

1. Kerala

Kerala’s Current Gold Rate: A Quick Overview

 In Kerala and around the world, gold has traditionally been regarded as a valuable item. People of all ages appreciate it as an investment since its worth has endured the test of time.

Gold has established itself over time as a steady and safe investment due to stock market turbulence and the unpredictability of other investment possibilities. Whether you’re trying to purchase or sell gold, keeping track of the gold rate in Kerala can help you make wise financial choices.

2. Karnataka

Karnataka’s Current Gold Rate: A Quick Overview

In India, people have long preferred gold, and Bangalore is no exception. The busy city of Bangalore, commonly referred to as the Silicon Valley of India, has a robust gold market. Gold continues to be a preferred option among Bangalore residents, whether it be for investments, weddings, or other special occasions. We’ll examine the current gold rate in Bangalore in more detail, as well as the variables that influence gold prices and some buying advice for individuals who want to invest in gold.

Bangalore’s gold prices fluctuate according to several variables, including local demand, currency volatility, and global gold prices.

3. Tamil Nadu

Tamil Nadu’s Current Gold Rate: A Quick Overview

India uses gold as a cultural symbol and a popular investment, with Chennai housing one of the nation’s biggest gold markets. Numerous factors, including global demand and supply, currency changes, geopolitical unrest, and regional taxes and laws, affect the price of gold in Chennai today. Weddings and festivals, as well as other cultural and religious events, have an impact on the demand for gold in Chennai. This implies that the gold rate in Chennai today may be much the same or fluctuating.

4. Andhra Pradesh

Andhra Pradesh’s Current Gold Rate: A Quick Overview

 Are you trying to find the most recent and precise gold rate in Visakhapatnam? Do you want to know the best time and location in the city to purchase or sell gold? Are you interested in finding out more about the advantages and various forms of gold investment in Visakhapatnam? The current gold rate in Visakhapatnam is available together with all the information and advice you require to make wise decisions about your gold-related transactions in the city.

ALSO READ – TRENDING & BEST SILVER GIFT ITEMS WITH PRICE

How You Can Make Gold as an Investment in Andhra Pradesh?

• Physical Gold: The traditional method of investing in gold is to purchase physical gold from a jeweler or a bank in the form of jewelry, coins, or bars.
• Gold Bands: Government securities that are measured in grams of gold are known as gold bonds. On behalf of the government, the Reserve Bank of India (RBI) issues them. The benefit of generating interest on your gold investment, in addition to capital growth, is provided by gold bonds.
• Gold ETFs: The benefits of gold ETFs are their transparency, liquidity, affordability, and tax efficiency. Additionally, they let you buy gold without worrying about its safety, quality, or purity.

5. West Bengal

West Bengal’s Current Gold Rate: A Quick Overview

Globally, gold is regarded as a key monetary asset. Gold is viewed as a status and wealth symbol by many people in Kolkata. The price of gold today varies greatly in Kolkata depending on a wide range of variables including supply and demand, inflation, interest rates, import taxes, government reserves, etc.

Despite the market’s large variety of metals, gold continues to be highly regarded for investments. Gold is one of the most popular investments in Kolkata and another Indian city because of some of its most important qualities, including its ability to combat inflation, high liquidity, and many other things. There are many ways to invest in gold, like buying coins, jewelry, gold funds, gold exchange-traded funds, etc., but for these investments, you must be aware of the current gold rate in Kolkata. To better understand the many ways of measuring gold purity, the effects of the Goods and Services Tax (GST) on gold prices in Kolkata, and other topics, we will look at the current 22-carat gold rate in Kolkata in this article.

FAQ on Cheapest Gold Price in India

1. What is Tax on Gold

While purchasing Gold you have to pay  3% GST on gold.

2. Is the Gold Price are same in all states in India?

No, Gold Prices differ from state to state due to local levies, taxes, and local bullion associations.

3. Which State offers the lowest Gold Price in India?

Kerala State offers the lowest Gold Price in India