Gold rates in Jammu and Kashmir
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%)
In Jammu and Kashmir, gold serves as a predominant choice for both ornamental jewelry and investment, making the region one of the world's largest consumers of this precious metal.
In contrast to some other nations where gold finds utilization in industrial applications, in Jammu and Kashmir, gold primarily assumes the role of an investment vehicle.
The allure of gold as a secure investment option is well-established, particularly in periods marked by economic or political instability. During periods of relative tranquility, the value of gold generally maintains its stability.
However, when confronted with conflict or uncertainty, the price of gold tends to experience fluctuations, further solidifying its status as a sought-after investment haven.
In Jammu and Kashmir, gold serves as a predominant choice for both ornamental jewelry and investment, making the region one of the world's largest consumers of this precious metal.
In contrast to some other nations where gold finds utilization in industrial applications, in Jammu and Kashmir, gold primarily assumes the role of an investment vehicle.
The allure of gold as a secure investment option is well-established, particularly in periods marked by economic or political instability. During periods of relative tranquility, the value of gold generally maintains its stability.
However, when confronted with conflict or uncertainty, the price of gold tends to experience fluctuations, further solidifying its status as a sought-after investment haven.
24K Gold Rates Per Gram in Jammu and Kashmir
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 Jammu and Kashmir
24K Gold Rates Per Gram in Jammu and Kashmir
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 Jammu and Kashmir
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 Jammu Kashmir
Factors Impacting Gold Prices in Jammu and Kashmir
Several influential factors contribute to the fluctuations in gold prices in Jammu and Kashmir. These key elements play a significant role in determining the value of gold within the region:
Strength of the US Dollar:
The strength of the US Dollar has a notable impact on gold prices. A robust US Dollar often results in lower gold prices in Jammu and Kashmir, as investors opt for the currency over the precious metal. Conversely, a weakening dollar prompts investors to hedge against uncertainties by investing in gold, driving up demand and pushing gold prices higher. When the US dollar strengthens, gold demand declines, resulting in a drop in gold prices.
Import Costs:
Given that Jammu and Kashmir primarily fulfills its gold requirements through imports, changes in import rates can significantly affect gold prices within the region. Import costs are influenced by the exchange rate with the US Dollar, and a stronger dollar can make buying gold more expensive.
Fixed Deposit Interest Rates:
Fluctuations in fixed deposit interest rates can impact gold prices. When fixed deposit rates decrease, investors often turn to gold as an alternative investment, driving up demand and consequently increasing gold prices.
Economic Stability:
Gold tends to surge in price during times of economic instability, as it is considered a stable asset. Investors shift their funds from riskier investments to gold during such periods. Gold's high liquidity and perceived value during times of instability contribute to its price escalation.
Seasonal Demand:
In Jammu and Kashmir, gold demand tends to rise during auspicious festivals, marriage seasons, and other occasions, leading to increased prices.
Inflation:
Gold prices often surge during inflationary periods. As gold is sought after as a hedge against inflation, its price rises in response to this upward trend.
Demand-Supply Dynamics:
Jammu and Kashmir's contribution to global gold production is relatively small (0.75%), leading to limited domestic supply. To meet the high demand, the region relies on substantial gold imports. Global supply shortages can also cause a surge in gold prices.
Mining/Production Costs:
Gold mining involves significant energy consumption per gram produced, which factors into the price. Additionally, gold mining companies may adjust prices due to production costs, impacting the cost of imported gold in Jammu and Kashmir.
International Prices:
Fluctuations in international gold prices have a direct effect on gold prices in Jammu and Kashmir. When central banks purchase gold as a hedge against inflation, global gold prices tend to rise, impacting prices locally.
Furthermore, it's important to note that gold prices may differ across various cities in Jammu and Kashmir due to factors such as transportation costs. Port cities like Mumbai and Chennai often have slightly lower gold prices due to reduced transportation expenses associated with importing the precious metal.
Factors Impacting Gold Prices in Jammu and Kashmir
Several influential factors contribute to the fluctuations in gold prices in Jammu and Kashmir. These key elements play a significant role in determining the value of gold within the region:
Strength of the US Dollar:
The strength of the US Dollar has a notable impact on gold prices. A robust US Dollar often results in lower gold prices in Jammu and Kashmir, as investors opt for the currency over the precious metal. Conversely, a weakening dollar prompts investors to hedge against uncertainties by investing in gold, driving up demand and pushing gold prices higher. When the US dollar strengthens, gold demand declines, resulting in a drop in gold prices.
Import Costs:
Given that Jammu and Kashmir primarily fulfills its gold requirements through imports, changes in import rates can significantly affect gold prices within the region. Import costs are influenced by the exchange rate with the US Dollar, and a stronger dollar can make buying gold more expensive.
Fixed Deposit Interest Rates:
Fluctuations in fixed deposit interest rates can impact gold prices. When fixed deposit rates decrease, investors often turn to gold as an alternative investment, driving up demand and consequently increasing gold prices.
Economic Stability:
Gold tends to surge in price during times of economic instability, as it is considered a stable asset. Investors shift their funds from riskier investments to gold during such periods. Gold's high liquidity and perceived value during times of instability contribute to its price escalation.
Seasonal Demand:
In Jammu and Kashmir, gold demand tends to rise during auspicious festivals, marriage seasons, and other occasions, leading to increased prices.
Inflation:
Gold prices often surge during inflationary periods. As gold is sought after as a hedge against inflation, its price rises in response to this upward trend.
Demand-Supply Dynamics:
Jammu and Kashmir's contribution to global gold production is relatively small (0.75%), leading to limited domestic supply. To meet the high demand, the region relies on substantial gold imports. Global supply shortages can also cause a surge in gold prices.
Mining/Production Costs:
Gold mining involves significant energy consumption per gram produced, which factors into the price. Additionally, gold mining companies may adjust prices due to production costs, impacting the cost of imported gold in Jammu and Kashmir.
International Prices:
Fluctuations in international gold prices have a direct effect on gold prices in Jammu and Kashmir. When central banks purchase gold as a hedge against inflation, global gold prices tend to rise, impacting prices locally.
Furthermore, it's important to note that gold prices may differ across various cities in Jammu and Kashmir due to factors such as transportation costs. Port cities like Mumbai and Chennai often have slightly lower gold prices due to reduced transportation expenses associated with importing the precious metal.
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 Jammu Kashmir?
Evaluation of Gold Purity and Pricing in Jammu and Kashmir
In Jammu and Kashmir, the assessment of gold purity and pricing adheres to the guidelines established by the Indian Bullion Association.
Gold merchants across the region are mandated to hallmark their products, ensuring the precise representation of gold purity.
The prices of gold in Jammu and Kashmir are subject to the sway of trends in the international market.
Given that India's involvement in the global gold mining industry is relatively limited, the direct impact of worldwide market fluctuations on gold prices in Jammu and Kashmir may be somewhat indirect.
However, international market developments, encompassing a range of global events and trends, exercise a substantial influence over the gold market in Jammu and Kashmir.
These external factors significantly affect the purchasing capacity of both gold importers and the general populace in Jammu and Kashmir and across India.
Evaluation of Gold Purity and Pricing in Jammu and Kashmir
In Jammu and Kashmir, the assessment of gold purity and pricing adheres to the guidelines established by the Indian Bullion Association.
Gold merchants across the region are mandated to hallmark their products, ensuring the precise representation of gold purity.
The prices of gold in Jammu and Kashmir are subject to the sway of trends in the international market.
Given that India's involvement in the global gold mining industry is relatively limited, the direct impact of worldwide market fluctuations on gold prices in Jammu and Kashmir may be somewhat indirect.
However, international market developments, encompassing a range of global events and trends, exercise a substantial influence over the gold market in Jammu and Kashmir.
These external factors significantly affect the purchasing capacity of both gold importers and the general populace in Jammu and Kashmir and across India.
Necessary Documentation for Gold Investment in Jammu Kashmir
Documentation Needed for Gold Investment in Jammu Kashmir
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
Documentation Needed for Gold Investment in Jammu Kashmir
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
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 Jammu and Kashmir
Factors to Take into Account When Purchasing Gold Jewelry in Jammu
Before investing in gold jewelry in Jammu, several crucial factors demand your attention. Among them, you must consider Purity, Charges, Weight, and Prices.
Purity:
Evaluating the purity of gold is a fundamental step when acquiring gold in Jammu. Gold purity can range from 18 to 24 carats. Higher purity levels can yield more substantial benefits when you decide to sell the gold.
Price:
The price of gold should also be factored in when shopping for gold jewelry. Gold prices can fluctuate based on daily market conditions and gold availability. Given the dynamic nature of gold prices, it's essential to stay updated with daily price fluctuations before making your gold purchase.
Factors to Take into Account When Purchasing Gold Jewelry in Jammu
Before investing in gold jewelry in Jammu, several crucial factors demand your attention. Among them, you must consider Purity, Charges, Weight, and Prices.
Purity:
Evaluating the purity of gold is a fundamental step when acquiring gold in Jammu. Gold purity can range from 18 to 24 carats. Higher purity levels can yield more substantial benefits when you decide to sell the gold.
Price:
The price of gold should also be factored in when shopping for gold jewelry. Gold prices can fluctuate based on daily market conditions and gold availability. Given the dynamic nature of gold prices, it's essential to stay updated with daily price fluctuations before making your gold purchase.
FAQs on Gold Rates in Jammu and Kashmir
Where can I find the current live gold price in Jammu and Kashmir?
Many individuals seek reliable sources for real-time gold price updates specific to Jammu and Kashmir. You can suggest reputable financial news websites, dedicated gold rate apps, or even local jewelry stores that provide live gold rates.
What factors influence the daily fluctuations in gold prices in Jammu and Kashmir?
People often want to understand the reasons behind the changes in gold rates in Jammu and Kashmir. Explain that factors like global market trends, currency exchange rates, demand for gold, and geopolitical events can impact daily gold prices.
How often do gold rates change during the day in Jammu and Kashmir?
Individuals may inquire about the frequency of gold rate fluctuations in Jammu and Kashmir. Explain that gold prices can change multiple times during the day due to various factors, and it's advisable to stay updated if they plan to buy or sell gold.
Is there a significant price difference between cities in Jammu and Kashmir?
Some may wonder if there's a notable price variation between different cities within Jammu and Kashmir. You can mention that while there may be slight variations, gold prices generally align closely across the region due to standardized pricing mechanisms.
What are the historical trends in gold prices for Jammu and Kashmir?
Many individuals want to analyze past trends before making investment decisions. Suggest resources where they can access historical gold price data and charts specific to Jammu and Kashmir, such as financial websites or local gold associations.
Where can I find the current live gold price in Jammu and Kashmir?
Many individuals seek reliable sources for real-time gold price updates specific to Jammu and Kashmir. You can suggest reputable financial news websites, dedicated gold rate apps, or even local jewelry stores that provide live gold rates.
What factors influence the daily fluctuations in gold prices in Jammu and Kashmir?
People often want to understand the reasons behind the changes in gold rates in Jammu and Kashmir. Explain that factors like global market trends, currency exchange rates, demand for gold, and geopolitical events can impact daily gold prices.
How often do gold rates change during the day in Jammu and Kashmir?
Individuals may inquire about the frequency of gold rate fluctuations in Jammu and Kashmir. Explain that gold prices can change multiple times during the day due to various factors, and it's advisable to stay updated if they plan to buy or sell gold.
Is there a significant price difference between cities in Jammu and Kashmir?
Some may wonder if there's a notable price variation between different cities within Jammu and Kashmir. You can mention that while there may be slight variations, gold prices generally align closely across the region due to standardized pricing mechanisms.
What are the historical trends in gold prices for Jammu and Kashmir?
Many individuals want to analyze past trends before making investment decisions. Suggest resources where they can access historical gold price data and charts specific to Jammu and Kashmir, such as financial websites or local gold associations.
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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