Gold rates in Bhopal
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 classic and enduring choice among various investment avenues. Despite the emergence of diverse investment opportunities, the allure of gold continues to captivate.
Its demand significantly influences the gold prices in Bhopal. In India, gold holds a special place, often adorned during weddings and ceremonial events. Explore this article to discover the live gold rates in Bhopal today.
Investing in gold remains a classic and enduring choice among various investment avenues. Despite the emergence of diverse investment opportunities, the allure of gold continues to captivate.
Its demand significantly influences the gold prices in Bhopal. In India, gold holds a special place, often adorned during weddings and ceremonial events. Explore this article to discover the live gold rates in Bhopal today.
24K Gold Rates Per Gram in Bhopal
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 Bhopal
24K Gold Rates Per Gram in Bhopal
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 Bhopal
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 Bhopal
Key Elements Influencing Gold Price Variations Include:
Demand and Supply Dynamics:
The interplay between demand and supply significantly impacts the gold rate in Bhopal. An increase in demand against a backdrop of limited supply tends to drive up gold prices in the region.
Interest Rate Trends:
The pricing of gold is closely linked to prevailing interest rates, exhibiting an inverse relationship. As interest rates rise, the attractiveness of gold investment decreases, leading to reduced gold purchases.
Cultural Demand for Jewelry:
In India, gold jewelry is extensively used in weddings and festive celebrations, leading to significant collections of gold jewelry, particularly in traditional settings.
Inflation's Role:
With inflation, there's a decrease in the value of currency, making gold an attractive investment as it tends to hold its value over time. This explains the sustained interest in gold investment amidst inflationary pressures.
Government Gold Reserves:
The Indian government's management of gold reserves, through the Reserve Bank of India's buying and selling activities, influences gold prices, causing them to fluctuate based on governmental transactions.
Exchange Rate Fluctuations:
As gold prices on the international market are denominated in USD, changes in the USD to INR exchange rate directly affect the cost of importing gold, leading to daily price adjustments in Bhopal.
Impact of Import Duty:
Despite India contributing less than 1% to the global gold production, the high demand for gold in Bhopal and across India, being one of the largest gold consumers globally, means that import duties significantly influence the retail price of gold daily.
Key Elements Influencing Gold Price Variations Include:
Demand and Supply Dynamics:
The interplay between demand and supply significantly impacts the gold rate in Bhopal. An increase in demand against a backdrop of limited supply tends to drive up gold prices in the region.
Interest Rate Trends:
The pricing of gold is closely linked to prevailing interest rates, exhibiting an inverse relationship. As interest rates rise, the attractiveness of gold investment decreases, leading to reduced gold purchases.
Cultural Demand for Jewelry:
In India, gold jewelry is extensively used in weddings and festive celebrations, leading to significant collections of gold jewelry, particularly in traditional settings.
Inflation's Role:
With inflation, there's a decrease in the value of currency, making gold an attractive investment as it tends to hold its value over time. This explains the sustained interest in gold investment amidst inflationary pressures.
Government Gold Reserves:
The Indian government's management of gold reserves, through the Reserve Bank of India's buying and selling activities, influences gold prices, causing them to fluctuate based on governmental transactions.
Exchange Rate Fluctuations:
As gold prices on the international market are denominated in USD, changes in the USD to INR exchange rate directly affect the cost of importing gold, leading to daily price adjustments in Bhopal.
Impact of Import Duty:
Despite India contributing less than 1% to the global gold production, the high demand for gold in Bhopal and across India, being one of the largest gold consumers globally, means that import duties significantly influence 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 Bhopal
Determining Gold Purity in Bhopal:
In Bhopal, the evaluation of gold's purity and pricing falls under the governance of the Indian Bullion Association, ensuring that a hallmark is present on all gold merchandise to certify its purity.
Like in other regions, the cost of gold in Bhopal is swayed by the dynamics of the international markets.
Although India doesn't mine gold itself, the fluctuations within the international markets markedly influence the capacity of both importers and the broader community in Bhopal to purchase gold.
Determining Gold Purity in Bhopal:
In Bhopal, the evaluation of gold's purity and pricing falls under the governance of the Indian Bullion Association, ensuring that a hallmark is present on all gold merchandise to certify its purity.
Like in other regions, the cost of gold in Bhopal is swayed by the dynamics of the international markets.
Although India doesn't mine gold itself, the fluctuations within the international markets markedly influence the capacity of both importers and the broader community in Bhopal to purchase gold.
Necessary Documentation for Gold Investment in Bhopal
Necessary Documentation for Gold Investment:
When investing an amount exceeding Rs. 2 lakhs in gold, providing a PAN card along with another form of address verification is mandatory.
To invest in Gold ETFs (Exchange-Traded Funds), it's essential to establish both a brokerage and a Demat account through the firm offering the ETFs.
Investments in SGBs (Sovereign Gold Bonds) and digital gold require minimal documentation and do not necessitate the opening of a Demat account.
For investments in gold mutual funds, setting up a brokerage and a Demat account is required.
Necessary Documentation for Gold Investment:
When investing an amount exceeding Rs. 2 lakhs in gold, providing a PAN card along with another form of address verification is mandatory.
To invest in Gold ETFs (Exchange-Traded Funds), it's essential to establish both a brokerage and a Demat account through the firm offering the ETFs.
Investments in SGBs (Sovereign Gold Bonds) and digital gold require minimal documentation and do not necessitate the opening of a Demat account.
For investments in gold mutual funds, setting up a brokerage and a 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 Bhopal
Essential Aspects to Consider When Purchasing Gold in Bhopal:
Purity Levels:
Pure gold is identified as 24K, but due to its softness, it is often alloyed with other metals, resulting in varying levels of purity such as 22K, 18K, and 14K gold.
Gold Price Per Gram:
The cost of gold can vary significantly from day to day and from one location to another. It's crucial to verify the current 22-carat and 18-carat gold price per gram in Bhopal before making a purchase.
Buy-Back Policies:
In a fluctuating market, it's important to choose sellers who offer reliable buy-back terms at the current market rates. Many dealers also offer to buy or exchange gold, deducting making charges, to secure the current day's gold rates.
Gold Certification:
The Bureau of Indian Standards provides certification for gold's purity. The widely recognized standard of 916 indicates that for every 100 grams of gold, there are 91.6 grams of pure gold, commonly referred to as 22K gold.
Manufacturing Charges:
The retail cost of gold jewelry in Bhopal exceeds the current 916 gold rate due to additional making charges. The total price can be estimated by adding the making charges (roughly 10 to 20% of the current gold rate) and GST at 3% to the gold's weight in grams multiplied by the 22-carat gold rate in Bhopal.
Essential Aspects to Consider When Purchasing Gold in Bhopal:
Purity Levels:
Pure gold is identified as 24K, but due to its softness, it is often alloyed with other metals, resulting in varying levels of purity such as 22K, 18K, and 14K gold.
Gold Price Per Gram:
The cost of gold can vary significantly from day to day and from one location to another. It's crucial to verify the current 22-carat and 18-carat gold price per gram in Bhopal before making a purchase.
Buy-Back Policies:
In a fluctuating market, it's important to choose sellers who offer reliable buy-back terms at the current market rates. Many dealers also offer to buy or exchange gold, deducting making charges, to secure the current day's gold rates.
Gold Certification:
The Bureau of Indian Standards provides certification for gold's purity. The widely recognized standard of 916 indicates that for every 100 grams of gold, there are 91.6 grams of pure gold, commonly referred to as 22K gold.
Manufacturing Charges:
The retail cost of gold jewelry in Bhopal exceeds the current 916 gold rate due to additional making charges. The total price can be estimated by adding the making charges (roughly 10 to 20% of the current gold rate) and GST at 3% to the gold's weight in grams multiplied by the 22-carat gold rate in Bhopal.
FAQs on Gold Rates in Bhopal
What is the current live gold rate in Bhopal?
The live gold rate in Bhopal changes daily, so please check the latest rates on a trusted financial news website or at a local jeweler.
How frequently do gold prices change in Bhopal?
Gold prices in Bhopal can fluctuate throughout the day based on international market trends and local demand.
What factors influence the gold rate in Bhopal?
The gold rate in Bhopal is influenced by global market movements, currency exchange rates, local demand, and supply conditions.
Where can I find the most accurate gold rates for Bhopal?
Accurate and up-to-date gold rates for Bhopal can be found on reputable financial websites, gold rate tracking apps, or directly from local jewelers.
Do gold rates vary among different jewelers in Bhopal?
While the base rate for gold might be consistent, additional charges like making charges and GST can vary slightly among jewelers in Bhopal.
What is the current live gold rate in Bhopal?
The live gold rate in Bhopal changes daily, so please check the latest rates on a trusted financial news website or at a local jeweler.
How frequently do gold prices change in Bhopal?
Gold prices in Bhopal can fluctuate throughout the day based on international market trends and local demand.
What factors influence the gold rate in Bhopal?
The gold rate in Bhopal is influenced by global market movements, currency exchange rates, local demand, and supply conditions.
Where can I find the most accurate gold rates for Bhopal?
Accurate and up-to-date gold rates for Bhopal can be found on reputable financial websites, gold rate tracking apps, or directly from local jewelers.
Do gold rates vary among different jewelers in Bhopal?
While the base rate for gold might be consistent, additional charges like making charges and GST can vary slightly among jewelers in Bhopal.
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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