Today’s Gold Rate in Tirunelveli

• The city of Tirunelveli has both cultural and economic significance in Tamil Nadu. The urban parts of the district are now a hub for agricultural machinery manufacturing whereas the rural parts contribute largely on the agro trading. The per capita income is considerably high in both the parts and people here love to invest in gold.
• No cultural or religious ceremony in Tamil Nadu is complete without gold being purchased. The affinity towards gold for people of Tamil Nadu is known all over the world. This creates a huge marketplace for gold dealers in Tamil Nadu. Traditionally, gold is considered as the biggest status symbol & hence, the people are never shy to flaunt their possession of gold.
• The economy of Tirunelveli is growing at a swift pace and the nearby industrial zone is helping its cause. The purchasing power of people from the rural and urban population is booming. This presents a very good market for gold dealers across the country to trade. It is now one of the foremost industrial zones in the state with various small scale industries such as rice-making, jem power generating & blue-jelly metal manufacturing and are located on the outskirts of the city

There are various ways in which the resident of Tirunelveli can invest in the gold. Some of such investment avenues are listed below.

• Gold Jewellery / Gold Coins & Bars– Gold have been a matter of prominence in Tamil tradition since ancient era till today. Gold jewelry is the most sought-after variant of gold owned by the people here. Physical gold is available in the form jewelry, coins and bullion. The bullion gold is an ideal investment for those who prefer lower cost & higher liquidity.
• Market Trade– Apart from investing in the physical form of gold, people of Tirunelveli also have an appetite towards gold trading in commodity market. There are various options such as gold ETFs, gold futures or e-gold through which this can be done. Such options are not only convenient & easy but also yield better returns as there is no loss or making charges as compared to the physical gold. Even though this investment option is yet to gain popularity, a significant number of people have started to invest in gold commodity market owing to the extra advantages offered in such investment.

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