Gold rates in Imphal
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 choice among traditional forms of investment. Despite the wide range of other investment opportunities, the appeal of gold continues to thrive.
Its demand significantly influences the gold prices in Imphal. Gold is highly valued in Indian culture, often chosen for its beauty at weddings and various events.
Explore this article to discover the live gold rates in Imphal today.
Investing in gold remains a classic choice among traditional forms of investment. Despite the wide range of other investment opportunities, the appeal of gold continues to thrive.
Its demand significantly influences the gold prices in Imphal. Gold is highly valued in Indian culture, often chosen for its beauty at weddings and various events.
Explore this article to discover the live gold rates in Imphal today.
24K Gold Rates Per Gram inImphal
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 Imphal
24K Gold Rates Per Gram inImphal
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 Imphal
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 Imphal
Key Drivers Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a crucial role in determining the gold rate in Imphal. An increase in demand coupled with a shortage in supply typically pushes gold prices upward in Imphal.
Interest Rate Correlation:
The cost of gold is closely linked to interest rates, showing an inverse relationship. As interest rates rise, the attractiveness of holding gold diminishes, leading to a decrease in gold purchases and prices.
Jewelry Market Demand:
Gold jewelry is extensively utilized in India for weddings and other celebrations, leading to significant holdings of gold jewelry, particularly in settings adhering to tradition.
Inflation Impact:
With inflation leading to currency depreciation and rupee devaluation, gold emerges as a stable investment, retaining value over extended periods and thus favored by consumers as a hedge against inflation.
Government Gold Reserves:
The activities surrounding the gold reserves managed by the Indian Government, through buying and selling by The Reserve Bank of India, influence gold prices based on transaction volumes and prices.
Effects of Currency Exchange Rates:
The trading of gold on international platforms in USD means that fluctuations in the USD to INR exchange rate directly impact the cost of importing gold, thereby affecting gold prices in Imphal through changes in import and selling prices.
Import Duty Influence:
Despite a minimal global production share, the strong demand for gold in Imphal, coupled with India's status as one of the largest gold consumers, means import duties significantly shape the retail price of gold each day.
Key Drivers Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a crucial role in determining the gold rate in Imphal. An increase in demand coupled with a shortage in supply typically pushes gold prices upward in Imphal.
Interest Rate Correlation:
The cost of gold is closely linked to interest rates, showing an inverse relationship. As interest rates rise, the attractiveness of holding gold diminishes, leading to a decrease in gold purchases and prices.
Jewelry Market Demand:
Gold jewelry is extensively utilized in India for weddings and other celebrations, leading to significant holdings of gold jewelry, particularly in settings adhering to tradition.
Inflation Impact:
With inflation leading to currency depreciation and rupee devaluation, gold emerges as a stable investment, retaining value over extended periods and thus favored by consumers as a hedge against inflation.
Government Gold Reserves:
The activities surrounding the gold reserves managed by the Indian Government, through buying and selling by The Reserve Bank of India, influence gold prices based on transaction volumes and prices.
Effects of Currency Exchange Rates:
The trading of gold on international platforms in USD means that fluctuations in the USD to INR exchange rate directly impact the cost of importing gold, thereby affecting gold prices in Imphal through changes in import and selling prices.
Import Duty Influence:
Despite a minimal global production share, the strong demand for gold in Imphal, coupled with India's status as one of the largest gold consumers, means 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 Imphal
Evaluating Gold Purity in Imphal:
In Imphal, the assessment of gold's purity and its pricing falls under the supervision of the Indian Bullion Association, requiring a hallmark on all gold merchandise as evidence of its purity.
As seen in various regions, the cost of gold in Imphal is influenced by international market dynamics.
With India not engaging in gold mining itself, fluctuations in the international market markedly affect the purchasing capabilities of both importers and the wider community in Imphal, impacting their access to gold.
Evaluating Gold Purity in Imphal:
In Imphal, the assessment of gold's purity and its pricing falls under the supervision of the Indian Bullion Association, requiring a hallmark on all gold merchandise as evidence of its purity.
As seen in various regions, the cost of gold in Imphal is influenced by international market dynamics.
With India not engaging in gold mining itself, fluctuations in the international market markedly affect the purchasing capabilities of both importers and the wider community in Imphal, impacting their access to gold.
Necessary Documentation for Gold Investment in Imphal
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 Imphal
Key Considerations When Purchasing Gold in Imphal:
Purity Levels:
While 24K represents the utmost purity of gold, its softness requires it to be alloyed with other metals for strength, resulting in gold of 22K, 18K, and 14K.
Gold Price Per Gram:
The prices of gold fluctuate daily and vary by location. It's crucial to check the current 22-carat and 18-carat gold prices in Imphal per gram before making a purchase.
Buy-Back Terms:
In a fluctuating market, it's essential to select sellers who offer favorable buy-back terms at current market rates. Some sellers will buy or exchange gold, deducting only the making charges, to secure the day's rates.
Certification:
The purity of gold in Imphal is verified by the Bureau of Indian Standards. The 916 hallmark indicates that each 100 grams of gold contains 91.6 grams of pure gold, commonly referred to as 22K gold.
Making Charges:
Be aware that the total cost of jewelry in Imphal will be above the day's 916 gold rate due to making charges. The final jewelry price is calculated by adding the making charges (usually 10 to 20% of the current gold rate) and GST at 3% to the base price determined by the gold's weight and the 22-carat rate.
By keeping these factors in mind, you can make an informed decision when buying gold in Imphal.
Key Considerations When Purchasing Gold in Imphal:
Purity Levels:
While 24K represents the utmost purity of gold, its softness requires it to be alloyed with other metals for strength, resulting in gold of 22K, 18K, and 14K.
Gold Price Per Gram:
The prices of gold fluctuate daily and vary by location. It's crucial to check the current 22-carat and 18-carat gold prices in Imphal per gram before making a purchase.
Buy-Back Terms:
In a fluctuating market, it's essential to select sellers who offer favorable buy-back terms at current market rates. Some sellers will buy or exchange gold, deducting only the making charges, to secure the day's rates.
Certification:
The purity of gold in Imphal is verified by the Bureau of Indian Standards. The 916 hallmark indicates that each 100 grams of gold contains 91.6 grams of pure gold, commonly referred to as 22K gold.
Making Charges:
Be aware that the total cost of jewelry in Imphal will be above the day's 916 gold rate due to making charges. The final jewelry price is calculated by adding the making charges (usually 10 to 20% of the current gold rate) and GST at 3% to the base price determined by the gold's weight and the 22-carat rate.
By keeping these factors in mind, you can make an informed decision when buying gold in Imphal.
FAQs on Gold Rates in Imphal
What is the current live gold rate in Imphal?
The live gold rate in Imphal varies daily; for the most current rate, it's recommended to check with reputable financial websites or local jewelers.
How frequently do gold prices change in Imphal?
Gold prices in Imphal can change multiple times throughout the day, reflecting global market conditions and local demand.
What factors influence the gold rate in Imphal?
The gold rate in Imphal is influenced by global gold market trends, the exchange rate of the Indian Rupee against the US Dollar, local demand during festivals and wedding seasons, and import duties.
Where can I find the most accurate gold rates for Imphal?
The most accurate and up-to-date gold rates for Imphal can be found on well-known financial news platforms, through gold rate tracking apps, or by visiting established jewelers in the city.
Can there be variations in gold rates among different jewelers in Imphal?
Yes, while the base rate for gold may be similar, additional costs such as making charges and GST can lead to price variations among different jewelers in Imphal.
What is the current live gold rate in Imphal?
The live gold rate in Imphal varies daily; for the most current rate, it's recommended to check with reputable financial websites or local jewelers.
How frequently do gold prices change in Imphal?
Gold prices in Imphal can change multiple times throughout the day, reflecting global market conditions and local demand.
What factors influence the gold rate in Imphal?
The gold rate in Imphal is influenced by global gold market trends, the exchange rate of the Indian Rupee against the US Dollar, local demand during festivals and wedding seasons, and import duties.
Where can I find the most accurate gold rates for Imphal?
The most accurate and up-to-date gold rates for Imphal can be found on well-known financial news platforms, through gold rate tracking apps, or by visiting established jewelers in the city.
Can there be variations in gold rates among different jewelers in Imphal?
Yes, while the base rate for gold may be similar, additional costs such as making charges and GST can lead to price variations among different jewelers in Imphal.
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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