Top 5 cheapest places to buy gold in India

Introduction

Generally, the price of gold in different cities of India varies for many reasons, such as the local taxation laws, and the form of gold, such as jewellery, is more expensive than gold bars or coins.

In India, the southern part of India has the best places to buy gold because most of the gold is imported from other countries to reach the southern part of India, and generally, India does not mine too much old locally. 

In a populated country like India, the state of Kerala is the cheapest place to buy gold offline, and some of the other states in the southern part of India are Karnataka, Tamil Nadu, Andhra Pradesh and West Bengal.

States	22k Gold Price/gram	24K Gold Price/gram
Kerala	₹ 5,801	₹ 6,324
Karnataka	₹ 5,910	₹ 6,206
Tamil Nadu	₹ 5,850	₹ 6,143
Andhra Pradesh	₹ 5,801	₹ 6,324
West Bengal	₹ 5,960	₹ 6,258

Kerala

Kerala, also known as god’s own country, is also a golden state in India, with the making charges being cheaper than any other state in India, which is 8-10%.

States	22k Gold Price/gram	24K Gold Price/gram
Kerala	₹ 5,801	₹ 6,324

Karnataka

Karnataka is the most developed state in the southern part of India, where cities like Bangalore are booming in the IT industry and are known as the Silicon Valley of India. Bangalore is also famous for its gold industry, as the making charges are around 12-15% on gold jewellery.

States	22k Gold Price/gram	24K Gold Price/gram
Karnataka	₹ 5,910	₹ 6,206

Tamil Nadu 

Tamil Nadu, the state of culture and beauty, is also famous for its favourite destination of gold. From making tea to gold, Tamil Nadu has skilled and expert makers in the industry. The making charges are way less when compared with the skill and expertise. The making charge is around 15-18%.

States	22k Gold Price/gram	24K Gold Price/gram
Tamil Nadu	₹ 5,850	₹ 6,143

Andhra Pradesh

Andhra Pradesh recently saw a massive demand for gold, which led to an increase in the state’s gold price. The competitive price of gold in Andhra Pradesh is increasing day by day, and the average making charge is around 16-19%.

States	22k Gold Price/gram	24K Gold Price/gram
Andhra Pradesh	₹ 5,801	₹ 6,324

West Bengal

Western Bengal, a state that is famous for its rich value, is also a favourite destination for gold buyers in India, and the average making charges are around 14-17%.

States	22k Gold Price/gram	24K Gold Price/gram
West Bengal	₹ 5,960	₹ 6,258

Bonus tips 

1. Always ask for the bill while purchasing gold 
2. Check for Hallmark on gold
3. If the dealer is offering a lower price, then there is a high chance that the gold is not pure.
4. Always buy from reputed or old gold buyers 
5. Check online reviews, ratings and brands online.