Gold rates in Kohima
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 time-honored tradition. Despite the plethora of other investment opportunities, the attraction to gold has not waned. Its demand significantly influences the gold prices in Kohima.
Gold is deeply valued in Indian culture, frequently chosen for adornment at weddings and various ceremonies.
Consult this article to discover the current gold rates in Kohima today.
Investing in gold remains a time-honored tradition. Despite the plethora of other investment opportunities, the attraction to gold has not waned. Its demand significantly influences the gold prices in Kohima.
Gold is deeply valued in Indian culture, frequently chosen for adornment at weddings and various ceremonies.
Consult this article to discover the current gold rates in Kohima today.
24K Gold Rates Per Gram in Kohima
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 Kohima
24K Gold Rates Per Gram in Kohima
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 Kohima
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 Kohima
Key Drivers Behind Gold Price Variations:
Demand and Supply Dynamics:
The interplay between demand and supply significantly influences the gold rate in Kohima. A scenario where demand exceeds supply typically results in rising gold prices in the area.
Interest Rate Influence:
The pricing of gold has an inverse relationship with interest rates. An uptick in interest rates tends to dampen gold purchases, leading to a drop in gold prices.
Jewelry Market Demand:
The extensive use of gold in jewelry for weddings and other celebrations in India leads to a considerable stockpile of gold jewelry, notably in traditional settings.
Inflation's Role:
An increase in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, sustaining its value over time and underscoring its appeal as an investment.
Government Gold Reserves:
The management of gold reserves by the Indian government, through transactions executed by The Reserve Bank of India, can cause gold prices to fluctuate based on the volume and pricing of the transactions.
Currency Exchange Rate Effects:
Since gold prices on the global market are denominated in USD, fluctuations in the USD to INR exchange rate directly influence the cost of importing gold, thereby affecting domestic prices through variations in import and selling prices.
Import Duty Impact:
Despite India's minor contribution to global gold production, the high demand for gold in Kohima, alongside India's status as a major gold consumer globally, means that import duties significantly influence the retail price of gold daily.
Key Drivers Behind Gold Price Variations:
Demand and Supply Dynamics:
The interplay between demand and supply significantly influences the gold rate in Kohima. A scenario where demand exceeds supply typically results in rising gold prices in the area.
Interest Rate Influence:
The pricing of gold has an inverse relationship with interest rates. An uptick in interest rates tends to dampen gold purchases, leading to a drop in gold prices.
Jewelry Market Demand:
The extensive use of gold in jewelry for weddings and other celebrations in India leads to a considerable stockpile of gold jewelry, notably in traditional settings.
Inflation's Role:
An increase in inflation, indicating a decrease in currency value and rupee devaluation, positions gold as an effective hedge against inflation, sustaining its value over time and underscoring its appeal as an investment.
Government Gold Reserves:
The management of gold reserves by the Indian government, through transactions executed by The Reserve Bank of India, can cause gold prices to fluctuate based on the volume and pricing of the transactions.
Currency Exchange Rate Effects:
Since gold prices on the global market are denominated in USD, fluctuations in the USD to INR exchange rate directly influence the cost of importing gold, thereby affecting domestic prices through variations in import and selling prices.
Import Duty Impact:
Despite India's minor contribution to global gold production, the high demand for gold in Kohima, alongside India's status as a major gold consumer 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 Kohima
Assessing Gold Purity in Kohima:
In Kohima, the purity and pricing of gold are regulated by the Indian Bullion Association, which mandates hallmarking on all gold items to confirm their purity.
Similar to other locations, the price of gold in Kohima is determined by global market trends.
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 populace in Kohima, affecting their ability to procure gold.
Assessing Gold Purity in Kohima:
In Kohima, the purity and pricing of gold are regulated by the Indian Bullion Association, which mandates hallmarking on all gold items to confirm their purity.
Similar to other locations, the price of gold in Kohima is determined by global market trends.
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 populace in Kohima, affecting their ability to procure gold.
Necessary Documentation for Gold Investment in Kohima
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 Kohima
Essential Considerations When Purchasing Gold in Kohima:
Purity Levels:
While 24K gold represents the highest level of purity, it lacks the necessary malleability for jewelry making and is often alloyed with other metals, leading to the availability of 22K, 18K, and 14K options.
Gold Price Per Gram:
The cost of gold varies not only daily but also from one location to another. It’s crucial to verify the current 22-carat and 18-carat gold rates per gram in Kohima before making your purchase.
Buy-Back Terms:
In a fluctuating market, identifying sellers who offer favorable buy-back terms at current market rates is important. Look for sellers who are willing to buy or exchange gold, deducting only the making charges, to capitalize on the day's rates.
Certification:
The purity of gold in Kohima is certified by the Bureau of Indian Standards. The widely recognized 916 hallmark signifies 91.6% pure gold per 100 grams, equivalent to 22K gold.
Making Charges:
Be aware that the total cost of jewelry in Kohima will exceed the current 916 gold rate due to making charges. To estimate the final price, factor in making charges (typically 10 to 20% of the current gold rate) plus GST at 3% on the purchase price based on the day's 916 rate.
By keeping these points in mind, you can ensure a wise and informed gold purchase in Kohima.
Essential Considerations When Purchasing Gold in Kohima:
Purity Levels:
While 24K gold represents the highest level of purity, it lacks the necessary malleability for jewelry making and is often alloyed with other metals, leading to the availability of 22K, 18K, and 14K options.
Gold Price Per Gram:
The cost of gold varies not only daily but also from one location to another. It’s crucial to verify the current 22-carat and 18-carat gold rates per gram in Kohima before making your purchase.
Buy-Back Terms:
In a fluctuating market, identifying sellers who offer favorable buy-back terms at current market rates is important. Look for sellers who are willing to buy or exchange gold, deducting only the making charges, to capitalize on the day's rates.
Certification:
The purity of gold in Kohima is certified by the Bureau of Indian Standards. The widely recognized 916 hallmark signifies 91.6% pure gold per 100 grams, equivalent to 22K gold.
Making Charges:
Be aware that the total cost of jewelry in Kohima will exceed the current 916 gold rate due to making charges. To estimate the final price, factor in making charges (typically 10 to 20% of the current gold rate) plus GST at 3% on the purchase price based on the day's 916 rate.
By keeping these points in mind, you can ensure a wise and informed gold purchase in Kohima.
FAQs on Gold Rates in Kohima
What is the current live gold rate in Kohima?
The live gold rate in Kohima changes daily; for the most accurate and up-to-date rate, refer to reputable financial websites or local jewelers.
How frequently do gold prices change in Kohima?
Gold prices in Kohima can fluctuate multiple times throughout the day based on global market trends and local demand.
What influences the gold rate in Kohima?
The gold rate in Kohima is influenced by several factors, including international gold market fluctuations, the INR-USD exchange rate, local demand especially during festive and wedding seasons, and import duties.
Where can I find the most reliable gold rates for Kohima?
The most reliable gold rates for Kohima can be found on well-established financial news platforms, through gold rate tracking apps, or by visiting trusted jewelers in the city.
Can there be a difference in gold rates between different jewelers in Kohima?
Yes, while the base gold rate might be consistent, additional charges such as making charges and GST can cause slight variations in prices between different jewelers in Kohima.
What is the current live gold rate in Kohima?
The live gold rate in Kohima changes daily; for the most accurate and up-to-date rate, refer to reputable financial websites or local jewelers.
How frequently do gold prices change in Kohima?
Gold prices in Kohima can fluctuate multiple times throughout the day based on global market trends and local demand.
What influences the gold rate in Kohima?
The gold rate in Kohima is influenced by several factors, including international gold market fluctuations, the INR-USD exchange rate, local demand especially during festive and wedding seasons, and import duties.
Where can I find the most reliable gold rates for Kohima?
The most reliable gold rates for Kohima can be found on well-established financial news platforms, through gold rate tracking apps, or by visiting trusted jewelers in the city.
Can there be a difference in gold rates between different jewelers in Kohima?
Yes, while the base gold rate might be consistent, additional charges such as making charges and GST can cause slight variations in prices between different jewelers in Kohima.
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
Get some knowledge 📖
West Bengal Caste Certificate
West Bengal Caste Certificate
June 22, 2024
June 22, 2024
Star Health Insurance Customer Care
Star Health Insurance Customer Care
June 22, 2024
June 22, 2024
SBI Savings Account
SBI Savings Account
June 22, 2024
June 22, 2024
How to Check FASTag Balance
How to Check FASTag Balance
June 22, 2024
June 22, 2024
Bhoomi Online - Karnataka's Land Records & RTC
Bhoomi Online - Karnataka's Land Records & RTC
June 22, 2024
June 22, 2024
Current Petrol Price in Bangalore
Current Petrol Price in Bangalore
June 22, 2024
June 22, 2024
View More
