Gold Rate in Ongole Today

Ongole, a city renowned for its rich heritage and traditional values, shares a profound connection with gold. From enhancing festive occasions to symbolising prosperity, gold holds a special place in the lives of Ongole’s residents.

 

Since the gold rate in Ongole changes daily and varies based on demand and market conditions, staying informed about the gold price today in Ongole is crucial. Whether you’re buying gold for a celebration or as a long-term investment, knowing today's gold rate in Ongole helps you plan better and make confident decisions.

Check out the gold price today in Ongole for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹8,385	₹8,310	₹75
10 Gram	₹83,850	₹83,100	₹750
100 Gram	₹838,500	₹831,000	₹7500

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

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

Ongole residents have several ways to invest in gold. 

 

Here’s how:

• Jewellery and Heirlooms

A traditional option where you can enjoy wearing your investment. Check for hallmarking and purity.

• Gold Coins and Bullion

These are a favourite among investors who prefer owning physical gold. They are easy to buy and store.

• Online Digital Gold

A modern solution for investing in small amounts without the hassle of storage

• Gold ETFs and Gold Funds

These options allow you to invest in gold through the stock market, making them ideal for those who prefer liquidity

• Sovereign Gold Bonds (SGBs)

Government-backed bonds that offer interest and are a secure, long-term option for wealth preservation

• Gold Prices

Check today's gold rate in Ongole to get the best value for your money

• Quality Assurance

Always purchase BIS-hallmarked gold to ensure authenticity

• Purpose of Purchase

Opt for 22-karat gold for jewellery and 24-karat for investments

• Tax Implications

Understand GST and other charges that may increase your total cost

• Reputable Sellers

Buy only from trusted jewellers or authorised dealers in Ongole

• Global Influences

Gold prices are affected by international market trends, demand, and geopolitical events

• Local Market Conditions

High demand for gold in Ongole during festivals and weddings impacts prices

• Inflation Trends

When inflation rises, gold becomes a preferred investment, driving up prices

• Currency Dynamics

The exchange rate of the Indian Rupee against the US Dollar influences gold prices.

• Government Regulations

Changes in import duties and gold-related policies affect local prices

• Hallmark Certification

Look for the BIS hallmark, which ensures authenticity and provides purity details like karat value and HUID

• Nitric Acid Test

This traditional method involves scratching the gold item and adding nitric acid. Any reaction indicates impurities

• Magnet Test

Pure gold does not react to magnets. If the item sticks to a magnet, it’s likely mixed with other metals

• X-Ray Testing

Advanced X-ray fluorescence machines are used by jewellers in Ongole to check gold composition without damage

• Visual Check

Discolouration or tarnishing is a sign of impurities. Pure gold retains its sheen over time

• GST on Gold Value

A 3% GST is added to the base price of gold, increasing the cost of buying gold in Ongole

• GST on Crafting Charges

Jewellery making charges carry an additional 5% GST, making elaborate designs more expensive

• Price Influence

The combined GST adds to the total cost, making it important to factor in these taxes when buying gold in Ongole

The value of a gold loan in Ongole is directly tied to the current gold rates. When gold prices are high, the value of the pledged gold increases, enabling borrowers to secure higher gold loan amounts. However, when gold rates fall, the loan amount offered decreases accordingly.

 

Lenders in Ongole follow the Reserve Bank of India’s guidelines, which cap the Loan-to-value (LTV) ratio at 75%. A drop in gold rates during the gold loan tenure could lead to additional collateral requirements or changes in repayment terms. Therefore, staying updated on gold prices in Ongole is essential for maximising the benefits of a gold loan.