Gold rates in Aizawl
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
Investing in gold remains a longstanding tradition. Despite a wide array of investment choices, the allure of gold continues unabated. Its demand significantly influences the gold prices in Aizawl.
Gold holds a special place in Indian culture, often donned at weddings and various ceremonies.
Consult this article for the live gold rates in Aizawl today.
Investing in gold remains a longstanding tradition. Despite a wide array of investment choices, the allure of gold continues unabated. Its demand significantly influences the gold prices in Aizawl.
Gold holds a special place in Indian culture, often donned at weddings and various ceremonies.
Consult this article for the live gold rates in Aizawl today.
24K Gold Rates Per Gram in Aizawl
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Aizawl
24K Gold Rates Per Gram in Aizawl
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Aizawl
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold rates in Aizawl
Key Elements Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a critical role in setting the gold rate in Aizawl. A scenario of high demand versus limited supply typically pushes up gold prices in the region.
Interest Rate Relationship:
The pricing of gold is closely tied to interest rates, exhibiting an inverse relationship. An increase in interest rates tends to suppress gold purchases, leading to a decrease in gold prices.
Jewelry Market Consumption:
Gold jewelry is extensively utilized in India for weddings and other celebrations, leading to a significant stockpile of gold jewelry, particularly in settings that adhere to tradition.
Inflation's Impact:
An upsurge in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, retaining its value over time and thus favored by consumers as a safeguard.
Government Gold Reserves:
The activities surrounding the gold reserves managed by the Indian government, through transactions executed by The Reserve Bank of India, influence gold prices based on the volume and pricing of the transactions.
Currency Exchange Variability:
Since gold prices on the global market are denominated in USD, fluctuations in the USD to INR exchange rate directly impact the cost of importing gold, thereby influencing domestic prices through changes in import and selling prices.
Import Duty Effects:
Despite India's minimal contribution to global gold production, the strong demand for gold in Aizawl, coupled with India's position as a major gold consumer globally, means that import duties significantly shape the retail price of gold each day.
Key Elements Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a critical role in setting the gold rate in Aizawl. A scenario of high demand versus limited supply typically pushes up gold prices in the region.
Interest Rate Relationship:
The pricing of gold is closely tied to interest rates, exhibiting an inverse relationship. An increase in interest rates tends to suppress gold purchases, leading to a decrease in gold prices.
Jewelry Market Consumption:
Gold jewelry is extensively utilized in India for weddings and other celebrations, leading to a significant stockpile of gold jewelry, particularly in settings that adhere to tradition.
Inflation's Impact:
An upsurge in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, retaining its value over time and thus favored by consumers as a safeguard.
Government Gold Reserves:
The activities surrounding the gold reserves managed by the Indian government, through transactions executed by The Reserve Bank of India, influence gold prices based on the volume and pricing of the transactions.
Currency Exchange Variability:
Since gold prices on the global market are denominated in USD, fluctuations in the USD to INR exchange rate directly impact the cost of importing gold, thereby influencing domestic prices through changes in import and selling prices.
Import Duty Effects:
Despite India's minimal contribution to global gold production, the strong demand for gold in Aizawl, coupled with India's position as a major gold consumer globally, means that import duties significantly shape the retail price of gold each day.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Aizawl
Assessing Gold Purity in Aizawl:
In Aizawl, the Indian Bullion Association oversees the evaluation of gold purity and pricing, mandating that all gold products carry a hallmark to certify their purity.
Similar to other areas, the price of gold in Aizawl is shaped by global market trends.
Due to the absence of domestic gold mining in India, shifts in the global markets significantly influence the buying power of importers and the broader population in Aizawl, affecting their ability to purchase gold.
Assessing Gold Purity in Aizawl:
In Aizawl, the Indian Bullion Association oversees the evaluation of gold purity and pricing, mandating that all gold products carry a hallmark to certify their purity.
Similar to other areas, the price of gold in Aizawl is shaped by global market trends.
Due to the absence of domestic gold mining in India, shifts in the global markets significantly influence the buying power of importers and the broader population in Aizawl, affecting their ability to purchase gold.
Necessary Documentation for Gold Investment in Aizawl
Required Documentation for Gold Investment:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with another form of address verification is mandatory.
To invest in Gold ETFs (Exchange-Traded Funds), opening both a brokerage and a Demat account with the firm offering the ETFs is necessary.
Engaging in SGBs (Sovereign Gold Bonds), digital gold, and similar investments typically requires minimal documentation and does not necessitate a Demat account.
Investing in gold mutual funds requires the setup of both a brokerage and a Demat account.
Required Documentation for Gold Investment:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with another form of address verification is mandatory.
To invest in Gold ETFs (Exchange-Traded Funds), opening both a brokerage and a Demat account with the firm offering the ETFs is necessary.
Engaging in SGBs (Sovereign Gold Bonds), digital gold, and similar investments typically requires minimal documentation and does not necessitate a Demat account.
Investing in gold mutual funds requires the setup of both a brokerage and a Demat account.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Aizawl
Key Considerations When Purchasing Gold in Aizawl:
Purity Categories:
24K gold is recognized for its pure form, yet its lack of malleability means it's often alloyed with other metals, resulting in 22K, 18K, and 14K varieties.
Price per Gram:
The price of gold varies daily and by location. It's crucial to check the current rates, such as the 22-carat and 18-carat gold prices per gram in Aizawl, before making a purchase.
Buy-Back Terms:
In a fluctuating market, selecting sellers who offer reliable buy-back terms at market rates is important. Many sellers engage in buy/exchange practices based on gold's weight, subtracting only the making charges, to secure the current rates.
Metal Certification:
Gold purity in Aizawl is authenticated by the Bureau of Indian Standards. The widely recognized 916 hallmark indicates a composition of 91.6% pure gold per 100 grams, equivalent to 22K gold.
Incorporated Making Charges:
Be aware that the total cost for jewelry in Aizawl will surpass the day's 916 gold rate due to added making charges. The final jewelry price is calculated by adding these charges (typically 10 to 20% above the current gold rate) plus GST at 3% to the purchase price, based on the day's 916 rate.
These factors are crucial for ensuring a well-informed and satisfactory gold purchase in Aizawl.
Key Considerations When Purchasing Gold in Aizawl:
Purity Categories:
24K gold is recognized for its pure form, yet its lack of malleability means it's often alloyed with other metals, resulting in 22K, 18K, and 14K varieties.
Price per Gram:
The price of gold varies daily and by location. It's crucial to check the current rates, such as the 22-carat and 18-carat gold prices per gram in Aizawl, before making a purchase.
Buy-Back Terms:
In a fluctuating market, selecting sellers who offer reliable buy-back terms at market rates is important. Many sellers engage in buy/exchange practices based on gold's weight, subtracting only the making charges, to secure the current rates.
Metal Certification:
Gold purity in Aizawl is authenticated by the Bureau of Indian Standards. The widely recognized 916 hallmark indicates a composition of 91.6% pure gold per 100 grams, equivalent to 22K gold.
Incorporated Making Charges:
Be aware that the total cost for jewelry in Aizawl will surpass the day's 916 gold rate due to added making charges. The final jewelry price is calculated by adding these charges (typically 10 to 20% above the current gold rate) plus GST at 3% to the purchase price, based on the day's 916 rate.
These factors are crucial for ensuring a well-informed and satisfactory gold purchase in Aizawl.
FAQs on Gold Rates in Aizawl
What is the current live gold rate in Aizawl?
The live gold rate in Aizawl changes frequently; for the most accurate and current rate, please check with reputable financial websites or consult with local jewelers.
Do gold prices in Aizawl change throughout the day?
Yes, gold prices in Aizawl can fluctuate throughout the day based on international market trends and local demand.
What factors affect the gold price in Aizawl?
Gold prices in Aizawl are influenced by a variety of factors including international gold market fluctuations, the USD to INR exchange rate, local demand especially during festive and wedding seasons, and national import duties.
Where can I find reliable gold rates for Aizawl?
Reliable gold rates for Aizawl can be found on trusted financial news platforms, through gold rate tracking applications, or by visiting established jewelers in the city.
Can there be a difference in gold rates among jewelers in Aizawl?
Yes, while the base gold rate might be similar, the final price may vary among jewelers in Aizawl due to differences in making charges, taxes, and possible additional fees.
What is the current live gold rate in Aizawl?
The live gold rate in Aizawl changes frequently; for the most accurate and current rate, please check with reputable financial websites or consult with local jewelers.
Do gold prices in Aizawl change throughout the day?
Yes, gold prices in Aizawl can fluctuate throughout the day based on international market trends and local demand.
What factors affect the gold price in Aizawl?
Gold prices in Aizawl are influenced by a variety of factors including international gold market fluctuations, the USD to INR exchange rate, local demand especially during festive and wedding seasons, and national import duties.
Where can I find reliable gold rates for Aizawl?
Reliable gold rates for Aizawl can be found on trusted financial news platforms, through gold rate tracking applications, or by visiting established jewelers in the city.
Can there be a difference in gold rates among jewelers in Aizawl?
Yes, while the base gold rate might be similar, the final price may vary among jewelers in Aizawl due to differences in making charges, taxes, and possible additional fees.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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