Gold Price In Lucknow
Today, the gold price in Lucknow stands at ₹6,725 per gram for 22-karat gold and ₹7,335 per gram for 24-karat gold (also known as 999 gold). Lucknow has a deep-rooted tradition of investing in gold, which remains highly popular among its residents. Over the past few years, the demand for gold has significantly increased.
Uttar Pradesh, the most populous state in India, is renowned for its extravagant wedding celebrations, during which gold plays a crucial role. Even families from lower-income groups often invest in gold jewelry during weddings. Interestingly, Uttar Pradesh is one of the few states in India that has gold mines. In 2020, the Geological Survey of India discovered gold mines with an estimated 29,000 tonnes of gold in the Sonbhadra district of the state.
Traditionally, people in Uttar Pradesh have preferred to invest in gold through coins, bars, and jewelry. However, there is a growing awareness among the populace about alternative forms of gold investment beyond physical holdings. Despite this awareness, purchasing gold jewelry remains the state’s most favored method of investing in gold.
Gold is universally viewed as a secure and straightforward investment across all economic classes, making it a popular choice during festive and auspicious occasions. Its enduring appeal continues to make it a preferred asset for many in Lucknow and throughout Uttar Pradesh.
