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Let’s take a look at the gold rate in Pondichery. (See table below…)

Gold Rate In Pondichery Today

DatePure Gold 24 K (1gm)Pure Gold 24 K (8gm)Std Gold 22 K (1gm)Std Gold 22 K (8gm)
01/Jun/193220.0025760.003065.0024520.00

In Pondichery, the gold rate is decided by the jeweler’s association in the city. Some jewelers decide their own rates rather than that of the associations.

The Indian bullion and jeweler’s association (IBJA) is 100 years old. It publishes gold rate daily, twice a day, morning and evening for gold of 999, 995 and 916 purities of gold. The gold rate given by the IBJA is followed the Indian government to arrive at the price of the sovereign gold bonds, they issue.

3% GST is added to the calculation. Additional costs are included like transport charges, the cost of guards is needed during transport and cost of insurance are also needed.

The jeweler’s association is based on the demand and the flexibility. They decide whether to give a discount on the rate. If the demand is high, not discount is given and when the demand is low, the discounts will be high.

Jewelers also have other charges like making charges, wastage charges, etc.

Gold jewellery ornaments in Pondichery:

According to the recent survey by the world gold council, bangles and chains are the most popular gold jewellery ornaments in Pondichery and contribute between 38% to 46% of the demand.

Necklaces contribute between 25% to 30% and rings, earrings and finger rings contribute between 5% to 15%.

The demand of gold jewellery in Pondichery:

The demand for gold jewellery in Pondichery remains on bridal jewellery (50% to 55%).

Daily wear jeweler contributes about 35% to 40% of gold demand and fashion jewellery contributes about 5% to 10% of gold demand.

Occasions – the Pondichery buy its gold:

The occasions like wedding season and festivals like Diwali/dhanteras, Akshaya Tritiya, Pongal,tamil new year and Makara Sankranthi are the gold-buying occasions in Pondichery.

They also buy gold for birthdays and anniversaries.

Disclaimer: Goldandsilverrate.com makes every possible effort to ensure the accuracy of information in displaying prices of gold in the particular city. Goldandsilverrate.com makes no guarantee or warranty on the accuracy of the data provided on the page. The information about the prices is only for information purpose alone. There maybe some variance in the rates and hence customers are recommended to consult with their registered adviser to assist with their investment over buying and selling of the precious metal