Indore is a perfect example of India's long affection for gold ornaments. The city's wealth stemmed from its Rajwada Palace and the Lal Baag Palace. The city's famed artisans, known as "Sunar" (goldsmiths in Hindi), have crafted exquisite jewellery adorned with precious stones for centuries.
The legacy is still alive in the bustling bazaar overflowing with gold ornaments. Indore residents buy gold during weddings, festivals, and pujas. But besides seeing gold as an ornament, they also use it as a wise investment. Although people still use the traditional method to buy gold, modern options are gaining popularity, too.
One such instance is the gold mutual fund. As people are more inclined towards mutual fund investments, the security of gold makes it more secure and helps investors diversify their portfolios. But before buying gold or investing in it, check out today's gold price in Indore.
Read More
Grow your wealth securely with gold.
Purchase and sell gold easily, and there are no exit or entry fees.
Choose direct funds for commission-free investing in gold.
Invest in Gold Mutual Funds
Invest in Gold ETF’s
The approximate price of 22-carat gold in Indore today is in the table above. It's important to note that gold prices can vary slightly depending on the jeweller and the specific purity of the gold.
The exact price of a 24-carat gold coin in Indore today can be known as per the coin's weight and today’s gold price. You can multiply the price by the weight of the coin (in grams) to estimate its total cost.
Gold prices tend to be fairly consistent across major cities within the same state. Therefore, the price of 24-carat gold in Indore (Madhya Pradesh) is likely very similar to the national average. However, slight variations due to local taxes or specific jeweller pricing might exist.
The choice between 22-carat and 24-carat gold depends on your needs.