Today’s Gold Rate in Proddatur

• Proddatur is the city of gold and with highest number of gold trading done after Mumbai in India. The economy here is driven basically by cotton & gold trading only. Hence, the market of Proddatur is blended with both local as well as branded gold dealers. The quality of gold traded in Proddatur is very high and therefor very good for investment and personal use.
• Even though the local demand isn’t much since it’s a comparatively small town, the major portion of gold trading is done by people from different parts of Andhra Pradesh. The city also dwells some great gold craftsmen here who not only tender some of the exquisite designs of gold jewellery but also offer discounts on the making charges.
• Being a commercial centre of gold, the town also caters various gold based industries that have a direct or indirect requirement of gold in their products.

• Physical Gold: Gold is considered as a sacred metal in local religious & family function in Andhra Pradesh. It is not only an auspicious investment but also all the celebrations & ceremonies are believed to be incomplete with gold not being involved. Gold jewelleries are mostly purchased in wedding season & festivals.  Apart from the conventional gold ornaments and utensils, people of Proddatur also have a liking towards investment in Gold coins & bars. Most of the local dealers in Proddatur offer gold jewellery in various weight range and price then accordingly. Proddatur has recorded highest gold transaction in the country after Mumbai and hence is often referred as Second Bombay by the people in south India.​
• Gold Commodity: Gold trading is also very popular here and is sought as a best investment option to offer a safety net against inflation and financial crisis.

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