Gold rates in Itanagar
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 remains the favored investment option in Arunachal Pradesh. Despite contemporary alternatives, gold continues to be seen as a valuable asset.
A significant portion of individual savings is often held in gold. Before investing, it's crucial to review the current gold rates in Arunachal Pradesh and comprehend the various elements influencing its pricing.
Let's delve deeper into understanding gold as an investment option.
Gold remains the favored investment option in Arunachal Pradesh. Despite contemporary alternatives, gold continues to be seen as a valuable asset.
A significant portion of individual savings is often held in gold. Before investing, it's crucial to review the current gold rates in Arunachal Pradesh and comprehend the various elements influencing its pricing.
Let's delve deeper into understanding gold as an investment option.
24K Gold Rates Per Gram in Itanagar
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 Itanagar
24K Gold Rates Per Gram in Itanagar
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 Itanagar
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 Itanagar
Key Influences on Gold Price Volatility:
Demand and Supply Dynamics:
The interplay between demand and supply directly influences today's gold rates in Itanagar. A scenario where demand surpasses supply typically results in rising gold prices in the area.
Interest Rate Dependency:
The cost of gold has a reverse correlation with interest rates. An increase in interest rates tends to reduce gold purchases, leading to a decrease in gold prices.
Jewelry Market Consumption:
In India, gold jewelry is extensively utilized for weddings and other celebrations, leading to a significant stockpile of gold jewelry, particularly in traditional settings.
Inflation's Role:
An upward trend in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, sustaining its appeal as an investment.
Government Gold Reserves:
The activity around gold reserves managed by the Indian government, including transactions through The Reserve Bank of India, can cause gold prices to fluctuate based on trading volumes and prices.
Currency Exchange Impact:
Given that gold prices on the global market are denominated in USD, any change in the USD to INR exchange rate affects the cost of importing gold, thereby influencing domestic prices through variations in import and selling prices.
Import Duty Considerations:
Despite contributing minimally to global gold production, the high demand for gold in Itanagar, alongside India's position as a major gold consumer globally, means that import duties significantly impact the daily selling price of gold.
Key Influences on Gold Price Volatility:
Demand and Supply Dynamics:
The interplay between demand and supply directly influences today's gold rates in Itanagar. A scenario where demand surpasses supply typically results in rising gold prices in the area.
Interest Rate Dependency:
The cost of gold has a reverse correlation with interest rates. An increase in interest rates tends to reduce gold purchases, leading to a decrease in gold prices.
Jewelry Market Consumption:
In India, gold jewelry is extensively utilized for weddings and other celebrations, leading to a significant stockpile of gold jewelry, particularly in traditional settings.
Inflation's Role:
An upward trend in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, sustaining its appeal as an investment.
Government Gold Reserves:
The activity around gold reserves managed by the Indian government, including transactions through The Reserve Bank of India, can cause gold prices to fluctuate based on trading volumes and prices.
Currency Exchange Impact:
Given that gold prices on the global market are denominated in USD, any change in the USD to INR exchange rate affects the cost of importing gold, thereby influencing domestic prices through variations in import and selling prices.
Import Duty Considerations:
Despite contributing minimally to global gold production, the high demand for gold in Itanagar, alongside India's position as a major gold consumer globally, means that import duties significantly impact the daily selling price of gold.
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 Itanagar
Assessing Gold Purity in Itanagar:
In Itanagar, the assessment of gold purity and pricing falls under the jurisdiction of the Indian Bullion Association, mandating hallmarking on all gold items to verify their purity.
Similar to other areas, the price of gold in Itanagar is affected by international market fluctuations.
Due to the absence of domestic gold mining in India, changes in the global market significantly influence the buying power of both importers and the general population in Itanagar, affecting their ability to purchase gold.
Assessing Gold Purity in Itanagar:
In Itanagar, the assessment of gold purity and pricing falls under the jurisdiction of the Indian Bullion Association, mandating hallmarking on all gold items to verify their purity.
Similar to other areas, the price of gold in Itanagar is affected by international market fluctuations.
Due to the absence of domestic gold mining in India, changes in the global market significantly influence the buying power of both importers and the general population in Itanagar, affecting their ability to purchase gold.
Necessary Documentation for Gold Investment in Itanagar
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 Itanagar
Essential Considerations for Purchasing Gold in Arunachal Pradesh
Key aspects to examine include:
Gold Price Per Gram:
The cost of gold in Arunachal Pradesh varies daily and by location. It's crucial to verify the latest gold rates in Arunachal Pradesh before making a purchase.
Purity Levels:
While 24K represents the purest form of gold, its lack of malleability often requires it to be alloyed with metals like Copper, offering options such as 22K, 18K, 14K, 10K, white gold, and rose gold for purchase.
Metal Certification:
The Bureau of Indian Standards (BIS) certifies gold purity. The widely recognized 916 hallmark indicates a composition of 91.67% pure gold in every 100 grams, also referred to as 22K gold or the 916 gold rate in Arunachal Pradesh today.
Buy-Back Terms:
Seek out sellers providing fair buy-back policies. Many jewelers offer to buy or exchange gold based on its weight, while some might deduct making charges and offer to lock in the current gold rates. ETFs offer a digital gold investment option, allowing investors to benefit from market price increases without holding the gold physically.
Essential Considerations for Purchasing Gold in Arunachal Pradesh
Key aspects to examine include:
Gold Price Per Gram:
The cost of gold in Arunachal Pradesh varies daily and by location. It's crucial to verify the latest gold rates in Arunachal Pradesh before making a purchase.
Purity Levels:
While 24K represents the purest form of gold, its lack of malleability often requires it to be alloyed with metals like Copper, offering options such as 22K, 18K, 14K, 10K, white gold, and rose gold for purchase.
Metal Certification:
The Bureau of Indian Standards (BIS) certifies gold purity. The widely recognized 916 hallmark indicates a composition of 91.67% pure gold in every 100 grams, also referred to as 22K gold or the 916 gold rate in Arunachal Pradesh today.
Buy-Back Terms:
Seek out sellers providing fair buy-back policies. Many jewelers offer to buy or exchange gold based on its weight, while some might deduct making charges and offer to lock in the current gold rates. ETFs offer a digital gold investment option, allowing investors to benefit from market price increases without holding the gold physically.
FAQs on Gold Rates inItanagar
What is the current live gold rate in Itanagar?
The live gold rate in Itanagar varies daily; check the latest rate on a trusted financial news website or consult a reputable jeweler in the area.
How often do gold prices change in Itanagar?
Gold prices in Itanagar can change several times a day, reflecting global market conditions and local demand.
What factors affect the gold rate in Itanagar?
The gold rate in Itanagar is influenced by global gold market trends, the INR-USD exchange rate, local demand during festivals and wedding seasons, and national economic indicators.
Where can I find accurate gold rates for Itanagar?
Accurate and up-to-date gold rates for Itanagar can be found on reputable financial websites, gold rate tracking applications, or by inquiring directly with established jewelers in the city.
Can gold prices vary among different jewelers in Itanagar?
Yes, while the base gold rate might be consistent, additional costs such as making charges and GST can lead to price variations among different jewelers in Itanagar.
What is the current live gold rate in Itanagar?
The live gold rate in Itanagar varies daily; check the latest rate on a trusted financial news website or consult a reputable jeweler in the area.
How often do gold prices change in Itanagar?
Gold prices in Itanagar can change several times a day, reflecting global market conditions and local demand.
What factors affect the gold rate in Itanagar?
The gold rate in Itanagar is influenced by global gold market trends, the INR-USD exchange rate, local demand during festivals and wedding seasons, and national economic indicators.
Where can I find accurate gold rates for Itanagar?
Accurate and up-to-date gold rates for Itanagar can be found on reputable financial websites, gold rate tracking applications, or by inquiring directly with established jewelers in the city.
Can gold prices vary among different jewelers in Itanagar?
Yes, while the base gold rate might be consistent, additional costs such as making charges and GST can lead to price variations among different jewelers in Itanagar.
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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