Gold Market Overview – Amritsar, Punjab (18 December 2025)

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Gold continues to be one of the most preferred investment and jewellery choices in Amritsar, especially across premium markets such as Hall Bazaar, Lawrence Road, Ranjit Avenue, Majitha Road, and the Old City jewellery lanes. With the wedding and winter festival season active in Punjab, demand for ornaments and bullion bars has remained strong, keeping local shop prices steady.

Today’s gold rate reflects a combination of international signals and local bullion market behaviour, with jewellers in Amritsar updating their prices based on daily opening rates from regional gold associations and bullion traders.

Many buyers are specifically choosing 22-carat jewellery for weddings, whereas 24-carat bars and coins are preferred for long-term investment and gifting.

Why Amritsar Gold Rates Move Daily

Gold rates change nearly every day in Amritsar because the market is influenced by:

• Bullion association pricing trends
• Fluctuation in international gold futures
• US Dollar exchange rates
• Local Punjab-level gold demand
• Import duty variations
• Investor activity across MCX

Even small price movements impact per-gram costing and jewellery billing. That’s why buyers often track the price every morning before entering the market.

Where Gold Jewellery Is Popular in Amritsar

Hall Bazaar

• One of the oldest and busiest jewellery markets
• Houses family-run shops and traditional goldsmiths
• Prices follow official bullion opening rates

Lawrence Road

• Premium branded jewellery showrooms
• Competitive designs, BIS certificate focus
• Preferred for wedding shopping

Ranjit Avenue

• Modern jewellery boutiques
• Strong demand for diamond & lightweight gold jewellery

Majitha Road & Old Town Area

• Smaller shops catering to everyday customers
• Local workmanship & customisation available

These markets offer similar per-gram rates, but making charges and ornament design can change the final bill dramatically.

Understanding Gold Billing in Amritsar

A typical bill for 22-carat jewellery in Amritsar consists of:

1️⃣ Gold weight × per-gram local rate
2️⃣ Making charges (percentage or per-gram rate)
3️⃣ GST @ 3%
4️⃣ Hallmark certification cost (if applicable)

Knowing this structure helps buyers avoid confusion and negotiate properly.

Why Online Reference Price Appears Higher Than Local Amritsar Price

Buyers often see international values > ₹1,34,000 per 10 grams today online.
However, jewellery shops never sell gold using those reference figures.

Online values come from:

• Spot gold conversion from USD to INR
• Troy ounce benchmark
• Trading premiums on MCX

Local jewellers adjust these values downward to match local bullion conditions, which is why:

• Actual shop rates in Amritsar are lower
• Jewellery buyers get more realistic pricing
• Billing remains consistent within Punjab

Tips for Buying Gold in Amritsar Today

• Compare making charges between at least three jewellers
• Prefer BIS-hallmarked jewellery
• Avoid impulse buying during high price spikes
• Check weight and purity on the actual invoice
• Keep invoice and certificate for future buy-back

If buying bars or coins:

• Ask for GST clarity
• Verify purity stamping
• Compare 999 and 995 purity coins

Investment Trend in Amritsar

Gold investment interest is growing in Punjab due to:

• rising global risk sentiment
• safe-haven value
• high inflation impact
• festive and wedding purchases

Local traders report increased demand for:

• 24-carat coins
• small denomination gold biscuits
• long-term savings gold

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