Gold Rate Today in Theni

Theni is a city located in the Theni district of Tamil Nadu, India, known for its picturesque landscapes and abundant natural resources. In recent years, Theni has also established itself as a hub for gold investment, offering numerous opportunities for individuals to invest in this precious metal.

With a stable economic environment and a growing interest in gold as a safe-haven asset, Theni is becoming a popular destination for those looking to secure their wealth and protect their financial future. Whether you are a seasoned investor or just starting out, the city offers a range of options for buying, selling, and storing gold, making it an ideal place to start or expand your gold investment portfolio.

Impact of GST on Gold Rate in Theni

The introduction of GST has deeply impacted every sector of the Indian economy. Similarly, gold rates are also affected due to the levy of 3% GST charges. This has increased the purchase price of gold and impacted the import of gold, the making charges of gold jewellery, and other related markets.

Comparison Between 24K and 22K Gold

• There are two types of gold: 24K and 22K. The difference between these two terms is that 24K gold is pure, while 22K gold is an alloy of gold and other metals.
• 22K alloy has a lower melting point than 24K alloy, which means that it can be melted more easily and will flow when heated. This also makes it less malleable than pure gold, meaning that it will not bend as easily (though this may be desirable if you're looking to make jewellery).
• The key difference between 24K gold and 22K gold is that of purity, durability, and cost. 
• 24K gold has a purity of 99.9%, signifying that it consists of approximately 99% gold, while that of 22K gold is 91.67%, signifying that it comprises 91% gold and 9% of other metals.
• Also, the 24K gold might have brilliant colour and be gorgeous to look at, but jewellery made of 24K gold is not durable, as it is too soft to wear and tear. On the other hand, the presence of other metals (9%) in 22K gold makes it more durable. 
• Finally, 24K gold costs more than 22K gold as it consists of 99.9% gold. 

How is the Purity of Gold Evaluated in Theni?

The purity of Gold in Theni is measured through the number of karats (K). This is simple to calculate. For example, if you buy a golden ring of 10K, divide 10 by 24, as the purity of gold is measured on a scale of 0 to 24. Hence, 10/24 will give you 41.7, which means that your ring consists of 41.7% gold. 

Gold vs Other Investment Options 

Gold is considered to be one of the most crucial. Besides gold, other investment options offer similar and, at times, better returns. There are options like – Direct Equity, Mutual Funds, Fixed Deposits, Real Estate, RBI bonds, etc., to name a few. 

Some Interesting Facts on Gold and Gold Rates-Theni vs Other Cities

Gold is the most famous and preferred form of jewellery for most Indians. This highly

precious yellow metal lies deep in the Earth. Some interesting facts about gold are-

• Gold is the most ductile metal ever known. A wire of 2 km can be drawn from just a gram of gold.
• It is an optimum choice for jewellery because it is unaffected even after being exposed to humidity, dust, or other gases in the atmosphere.
• The boiling point of gold is extremely high. It is 2808℃.
• Gold is believed to have come from meteorites. The surface of the Earth was enriched with precious metals after the meteorites bombarded approximately 200 million years ago.

As told earlier, gold prices are not fixed but dynamic in the Indian market, i.e., they keep changing every day.