Gold Rates in Amaravati
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%)
Gold holds a paramount place in the cultural and economic fabric of India, where it is not just seen as a precious metal but also as a symbol of wealth, prosperity, and auspiciousness. This deep-rooted affinity for gold spans across the nation, transcending social and economic barriers, making it a universally revered asset.
Particularly for women, gold is an essential element of their jewelry collection, often passed down through generations as a family heirloom. In cities like Amravati, as well as across the entire country, the price of gold is subject to daily fluctuations, mirroring the dynamic nature of the global market.
The valuation of gold in Amravati, similar to other parts of India, is influenced by a plethora of factors, including but not limited to, global economic trends, geopolitical stability, and market speculation.
These elements combine to make the gold market a highly volatile one, where prices can shift significantly in a short period. For Indian families, gold is much more than a mere investment; it is a symbol of tradition and a key component of marital dowries, festive celebrations, and religious ceremonies.
Beyond its ornamental value, gold is increasingly viewed as a strategic asset within investment portfolios, offering a hedge against inflation and currency fluctuations.
This has led to a surge in the purchase of gold, not only in its physical form, such as jewelry, coins, and bars but also as financial instruments. Gold exchange-traded funds (ETFs) and derivatives have become popular avenues for investors looking to capitalize on the movements of the gold market without the need to physically hold the metal.
Despite the ever-changing economic landscape, the demand for gold remains steadfast in India. Whether the economy is booming or facing downturns, the allure of gold persists, undiminished. As such, for those in Amravati considering adding gold to their investment or personal collection, staying informed about the current rates is crucial.
The price of gold in Amravati, just like anywhere else, is subject to daily changes driven by a complex interplay of global and local factors, including the supply and demand dynamics, inflation rates, and the strength of the Indian rupee against the dollar.
Given these variables, potential buyers and investors in Amravati should diligently monitor the market trends and gold prices, ensuring they make informed decisions. Whether for personal adornment, cultural practices, or investment purposes, understanding the nuances of the gold market can significantly impact the value and timing of their purchase.
Gold holds a paramount place in the cultural and economic fabric of India, where it is not just seen as a precious metal but also as a symbol of wealth, prosperity, and auspiciousness. This deep-rooted affinity for gold spans across the nation, transcending social and economic barriers, making it a universally revered asset.
Particularly for women, gold is an essential element of their jewelry collection, often passed down through generations as a family heirloom. In cities like Amravati, as well as across the entire country, the price of gold is subject to daily fluctuations, mirroring the dynamic nature of the global market.
The valuation of gold in Amravati, similar to other parts of India, is influenced by a plethora of factors, including but not limited to, global economic trends, geopolitical stability, and market speculation.
These elements combine to make the gold market a highly volatile one, where prices can shift significantly in a short period. For Indian families, gold is much more than a mere investment; it is a symbol of tradition and a key component of marital dowries, festive celebrations, and religious ceremonies.
Beyond its ornamental value, gold is increasingly viewed as a strategic asset within investment portfolios, offering a hedge against inflation and currency fluctuations.
This has led to a surge in the purchase of gold, not only in its physical form, such as jewelry, coins, and bars but also as financial instruments. Gold exchange-traded funds (ETFs) and derivatives have become popular avenues for investors looking to capitalize on the movements of the gold market without the need to physically hold the metal.
Despite the ever-changing economic landscape, the demand for gold remains steadfast in India. Whether the economy is booming or facing downturns, the allure of gold persists, undiminished. As such, for those in Amravati considering adding gold to their investment or personal collection, staying informed about the current rates is crucial.
The price of gold in Amravati, just like anywhere else, is subject to daily changes driven by a complex interplay of global and local factors, including the supply and demand dynamics, inflation rates, and the strength of the Indian rupee against the dollar.
Given these variables, potential buyers and investors in Amravati should diligently monitor the market trends and gold prices, ensuring they make informed decisions. Whether for personal adornment, cultural practices, or investment purposes, understanding the nuances of the gold market can significantly impact the value and timing of their purchase.
24K Gold Rates Per Gram in Amaravati
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 Amaravati
24K Gold Rates Per Gram in Amaravati
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 Amaravati
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 Amaravati
Key Influences on Gold Price Fluctuations:
Demand and Supply Dynamics:
The interplay between demand and supply significantly impacts today's gold rates in Amaravati. A surge in demand coupled with a shortage in supply typically drives up the prices of gold in the region.
Interest Rate Trends:
The relationship between gold prices and interest rates is inversely proportional. As interest rates climb, the appeal of investing in gold diminishes, leading to a decrease in gold purchases.
Cultural Significance in Jewelry:
Gold plays a central role in Indian weddings and festivities, leading to a substantial demand for gold jewelry within traditional contexts.
Inflation's Impact:
With rising inflation, the value of currency tends to drop, making gold an attractive investment as a hedge against inflation and currency devaluation over extended periods.
Government Gold Reserves:
The Indian government, through transactions by the Reserve Bank of India, influences gold prices by buying or selling gold reserves, affecting market supply and demand.
Currency Value Changes:
Since gold is internationally priced in US dollars, fluctuations in the USD to INR exchange rate directly affect the cost of importing gold into Amaravati, thereby influencing local gold prices through daily price adjustments.
Import Duties:
Despite India accounting for a small fraction of global gold production, its high demand for gold, especially in Amaravati, and its status as the world's second-largest gold consumer mean that import duties significantly impact the retail price of gold daily.
Key Influences on Gold Price Fluctuations:
Demand and Supply Dynamics:
The interplay between demand and supply significantly impacts today's gold rates in Amaravati. A surge in demand coupled with a shortage in supply typically drives up the prices of gold in the region.
Interest Rate Trends:
The relationship between gold prices and interest rates is inversely proportional. As interest rates climb, the appeal of investing in gold diminishes, leading to a decrease in gold purchases.
Cultural Significance in Jewelry:
Gold plays a central role in Indian weddings and festivities, leading to a substantial demand for gold jewelry within traditional contexts.
Inflation's Impact:
With rising inflation, the value of currency tends to drop, making gold an attractive investment as a hedge against inflation and currency devaluation over extended periods.
Government Gold Reserves:
The Indian government, through transactions by the Reserve Bank of India, influences gold prices by buying or selling gold reserves, affecting market supply and demand.
Currency Value Changes:
Since gold is internationally priced in US dollars, fluctuations in the USD to INR exchange rate directly affect the cost of importing gold into Amaravati, thereby influencing local gold prices through daily price adjustments.
Import Duties:
Despite India accounting for a small fraction of global gold production, its high demand for gold, especially in Amaravati, and its status as the world's second-largest gold consumer mean that import duties significantly impact the retail price of gold daily.
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 Amaravati?
Assessing Gold Purity in Amravati:
In Amravati, the gold rate and its purity are assessed by the Indian Bullion Association, which requires sellers to include a hallmark of purity on all their products.
The pricing of gold in Amravati, as in other cities, is affected by global market trends. Although India does not mine its gold, international market fluctuations significantly impact the purchasing capacity of both importers and the general population.
Assessing Gold Purity in Amravati:
In Amravati, the gold rate and its purity are assessed by the Indian Bullion Association, which requires sellers to include a hallmark of purity on all their products.
The pricing of gold in Amravati, as in other cities, is affected by global market trends. Although India does not mine its gold, international market fluctuations significantly impact the purchasing capacity of both importers and the general population.
Necessary Documentation for Gold Investment in Amaravati
Required documentation for gold investments:
When investing an amount of Rs. 2 lakhs or higher in gold, presenting a PAN card along with a document for address verification is mandatory. To invest in Gold ETFs (Electronic Traded Funds), it is necessary to establish both a brokerage and a Demat account through the firm offering the ETFs.
In the case of Sovereign Gold Bonds (SGBs), digital gold, and similar investments, the process is streamlined with minimal documentation required, and there's no need for a Demat account. For those interested in gold mutual funds, setting up a brokerage and Demat account is required.
Required documentation for gold investments:
When investing an amount of Rs. 2 lakhs or higher in gold, presenting a PAN card along with a document for address verification is mandatory. To invest in Gold ETFs (Electronic Traded Funds), it is necessary to establish both a brokerage and a Demat account through the firm offering the ETFs.
In the case of Sovereign Gold Bonds (SGBs), digital gold, and similar investments, the process is streamlined with minimal documentation required, and there's no need for a Demat account. For those interested in gold mutual funds, setting up a brokerage and Demat account is required.
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 Amaravati
Essential considerations when purchasing gold include:
Gold Purity:
Pure gold is categorized as 24K but due to its lack of malleability, it is usually alloyed with other metals, resulting in 22K, 18K, and 14K gold varieties.
Gold Price per Gram:
The price of gold varies daily and by location. Always verify current rates, such as the price for 22-carat and 18-carat gold in Amaravati per gram, before making a purchase.
Buy-Back Policy:
With fluctuating markets, choosing sellers who offer favorable buy-back terms at current market rates is crucial. Many sellers also offer to buy or exchange gold based on its weight, deducting making charges, to secure the day's gold rates.
Gold Certification:
The Bureau of Indian Standards certifies gold purity. The widely recognized 916 hallmark indicates that out of every 100 grams of the alloy, 91.6 grams are pure gold, commonly referred to as 22K gold.
Making Charges:
The retail price of gold jewelry in Amaravati is influenced by the making charges, which are added to the base price of gold. The calculation for the final jewelry price is as follows: Final jewelry price = (weight of gold in grams x 22-carat gold rate in Amaravati) + (making charges, typically 10 to 20% of the current gold rate in Amaravati) + (GST at 3% on the purchase price based on the 916 gold rates in Amaravati today).
Essential considerations when purchasing gold include:
Gold Purity:
Pure gold is categorized as 24K but due to its lack of malleability, it is usually alloyed with other metals, resulting in 22K, 18K, and 14K gold varieties.
Gold Price per Gram:
The price of gold varies daily and by location. Always verify current rates, such as the price for 22-carat and 18-carat gold in Amaravati per gram, before making a purchase.
Buy-Back Policy:
With fluctuating markets, choosing sellers who offer favorable buy-back terms at current market rates is crucial. Many sellers also offer to buy or exchange gold based on its weight, deducting making charges, to secure the day's gold rates.
Gold Certification:
The Bureau of Indian Standards certifies gold purity. The widely recognized 916 hallmark indicates that out of every 100 grams of the alloy, 91.6 grams are pure gold, commonly referred to as 22K gold.
Making Charges:
The retail price of gold jewelry in Amaravati is influenced by the making charges, which are added to the base price of gold. The calculation for the final jewelry price is as follows: Final jewelry price = (weight of gold in grams x 22-carat gold rate in Amaravati) + (making charges, typically 10 to 20% of the current gold rate in Amaravati) + (GST at 3% on the purchase price based on the 916 gold rates in Amaravati today).
FAQs on Gold Rates in Amaravati
What is the current live gold price in Amravati?
The live gold price in Amravati changes daily; check the latest rates on reliable financial websites or local jeweler shops.
How often do gold prices change in Amravati?
Gold prices in Amravati can fluctuate multiple times within a day based on global market dynamics.
What factors influence the live gold prices in Amravati?
Factors include global gold market trends, USD-INR exchange rates, demand and supply dynamics, interest rates, inflation, and import duties.
Where can I find accurate and up-to-date information on gold prices in Amravati?
Accurate gold price information can be found on reputable financial news websites, apps, or directly from established jewelers in Amravati.
Does the gold price vary for different purities in Amravati?
Yes, gold prices vary based on purity levels, with 24K gold being the highest priced due to its purest form, followed by 22K, 18K, and so on.
What is the current live gold price in Amravati?
The live gold price in Amravati changes daily; check the latest rates on reliable financial websites or local jeweler shops.
How often do gold prices change in Amravati?
Gold prices in Amravati can fluctuate multiple times within a day based on global market dynamics.
What factors influence the live gold prices in Amravati?
Factors include global gold market trends, USD-INR exchange rates, demand and supply dynamics, interest rates, inflation, and import duties.
Where can I find accurate and up-to-date information on gold prices in Amravati?
Accurate gold price information can be found on reputable financial news websites, apps, or directly from established jewelers in Amravati.
Does the gold price vary for different purities in Amravati?
Yes, gold prices vary based on purity levels, with 24K gold being the highest priced due to its purest form, followed by 22K, 18K, and so on.
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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