Gold Rates in Lucknow
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 cherished and conventional practice. Despite the emergence of various other investment opportunities, the allure of gold continues to thrive. Its demand significantly influences the gold prices in Lucknow.
Gold holds a special place in Indian culture, often featured prominently at weddings and celebratory events.
Explore this article to discover the live gold rates in Lucknow today.
Investing in gold remains a cherished and conventional practice. Despite the emergence of various other investment opportunities, the allure of gold continues to thrive. Its demand significantly influences the gold prices in Lucknow.
Gold holds a special place in Indian culture, often featured prominently at weddings and celebratory events.
Explore this article to discover the live gold rates in Lucknow today.
24K Gold Rates Per Gram in Lucknow
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 Lucknow
24K Gold Rates Per Gram in Lucknow
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 Lucknow
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 Lucknow
Key Elements Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a crucial role in determining today's gold rates in Lucknow. An elevated demand paired with scarce supply typically results in higher gold prices within the city.
Interest Rate Correlation:
The relationship between gold prices and interest rates is inversely proportional. Increases in interest rates tend to negatively affect gold prices, leading to a decrease in gold purchases.
Jewelry Market Demand:
India's significant use of gold jewelry for weddings and other celebrations leads to substantial holdings of gold jewelry, particularly in traditional contexts.
Impact of Inflation:
An increase in inflation, indicated by rising rates and currency devaluation, positions gold as an effective hedge against these economic changes, thereby maintaining its appeal as a long-term investment.
Government Gold Reserves:
The management of gold reserves by the Government of India, through transactions by The Reserve Bank of India, influences gold prices to fluctuate based on the volume and pricing of the gold transacted by the government.
Exchange Rate Fluctuations:
As gold is internationally priced in USD, the conversion rates from USD to INR directly affect the import costs of gold, leading to variable pricing in Lucknow due to the fluctuating USD prices.
Import Duty Impact:
Despite India contributing a minor fraction to the global gold production, the strong demand for gold in Lucknow and across the nation, being one of the largest gold consumers globally, means import duties considerably influence the retail price of gold on a day-to-day basis.
Key Elements Influencing Gold Price Variations:
Demand and Supply Dynamics:
The balance between demand and supply plays a crucial role in determining today's gold rates in Lucknow. An elevated demand paired with scarce supply typically results in higher gold prices within the city.
Interest Rate Correlation:
The relationship between gold prices and interest rates is inversely proportional. Increases in interest rates tend to negatively affect gold prices, leading to a decrease in gold purchases.
Jewelry Market Demand:
India's significant use of gold jewelry for weddings and other celebrations leads to substantial holdings of gold jewelry, particularly in traditional contexts.
Impact of Inflation:
An increase in inflation, indicated by rising rates and currency devaluation, positions gold as an effective hedge against these economic changes, thereby maintaining its appeal as a long-term investment.
Government Gold Reserves:
The management of gold reserves by the Government of India, through transactions by The Reserve Bank of India, influences gold prices to fluctuate based on the volume and pricing of the gold transacted by the government.
Exchange Rate Fluctuations:
As gold is internationally priced in USD, the conversion rates from USD to INR directly affect the import costs of gold, leading to variable pricing in Lucknow due to the fluctuating USD prices.
Import Duty Impact:
Despite India contributing a minor fraction to the global gold production, the strong demand for gold in Lucknow and across the nation, being one of the largest gold consumers globally, means import duties considerably influence the retail price of gold on a day-to-day basis.
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 inLucknow
Evaluating Gold Purity in Lucknow:
In Lucknow, the evaluation of gold's purity and price is regulated by the Indian Bullion Association, requiring all gold products to bear a hallmark that certifies their purity.
As is the case in many places, the cost of gold in Lucknow is shaped by the fluctuations in the global market.
Although India doesn't mine gold domestically, shifts in the international markets greatly influence the buying capacity of importers and the wider community in Lucknow, affecting their access to gold.
Evaluating Gold Purity in Lucknow:
In Lucknow, the evaluation of gold's purity and price is regulated by the Indian Bullion Association, requiring all gold products to bear a hallmark that certifies their purity.
As is the case in many places, the cost of gold in Lucknow is shaped by the fluctuations in the global market.
Although India doesn't mine gold domestically, shifts in the international markets greatly influence the buying capacity of importers and the wider community in Lucknow, affecting their access to gold.
Necessary Documentation for Gold Investment in Lucknow
Required Documentation for Gold Investments:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with a valid proof of address is necessary.
Investing in Gold ETFs (Exchange-Traded Funds) necessitates setting up both a brokerage and a Demat account through the firm selling the ETFs.
Engaging in SGBs (Sovereign Gold Bonds) and digital gold investments typically involves minimal documentation and does not require a Demat account.
For investing in gold mutual funds, establishing a brokerage and a Demat account is essential.
Required Documentation for Gold Investments:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with a valid proof of address is necessary.
Investing in Gold ETFs (Exchange-Traded Funds) necessitates setting up both a brokerage and a Demat account through the firm selling the ETFs.
Engaging in SGBs (Sovereign Gold Bonds) and digital gold investments typically involves minimal documentation and does not require a Demat account.
For investing in gold mutual funds, establishing a brokerage and a Demat account is essential.
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 Lucknow
Key Considerations When Purchasing Gold in Lucknow:
Purity Levels:
While 24K represents the purest form of gold, its softness requires it to be alloyed with other metals for durability, resulting in 22K, 18K, and 14K options.
Price Per Gram:
The cost of gold varies daily and by location. It's essential to verify the current 22-carat and 18-carat gold price per gram in Lucknow before making your purchase.
Buy-Back Policy:
With the gold market's constant fluctuations, choosing vendors who offer reliable buy-back terms at market rates is crucial. Many also offer to buy or exchange gold, deducting making charges, thereby securing the current gold rates.
Gold Certification:
The purity of gold in Lucknow is guaranteed by certification from the Bureau of Indian Standards. The widely recognized 916 hallmark indicates a purity of 91.6% or 22K gold.
Manufacturing Charges:
The retail cost of gold jewelry in Lucknow often exceeds the day's 916 gold rate due to making charges. The overall price calculation includes the gold's weight in grams multiplied by the 22-carat rate in Lucknow, plus making charges (typically 10 to 20% of the current gold rate), and GST at 3% based on today's 916 rate.
Key Considerations When Purchasing Gold in Lucknow:
Purity Levels:
While 24K represents the purest form of gold, its softness requires it to be alloyed with other metals for durability, resulting in 22K, 18K, and 14K options.
Price Per Gram:
The cost of gold varies daily and by location. It's essential to verify the current 22-carat and 18-carat gold price per gram in Lucknow before making your purchase.
Buy-Back Policy:
With the gold market's constant fluctuations, choosing vendors who offer reliable buy-back terms at market rates is crucial. Many also offer to buy or exchange gold, deducting making charges, thereby securing the current gold rates.
Gold Certification:
The purity of gold in Lucknow is guaranteed by certification from the Bureau of Indian Standards. The widely recognized 916 hallmark indicates a purity of 91.6% or 22K gold.
Manufacturing Charges:
The retail cost of gold jewelry in Lucknow often exceeds the day's 916 gold rate due to making charges. The overall price calculation includes the gold's weight in grams multiplied by the 22-carat rate in Lucknow, plus making charges (typically 10 to 20% of the current gold rate), and GST at 3% based on today's 916 rate.
FAQs on Gold Rates in Lucknow
What is the current live gold rate in Lucknow?
The live gold rate in Lucknow changes daily; check a trusted financial website or local jeweler for the latest rate.
How often do gold prices change in Lucknow?
Gold prices in Lucknow can fluctuate multiple times a day based on international market dynamics.
What factors affect the gold rate in Lucknow?
The gold rate in Lucknow is influenced by global gold prices, currency exchange rates, demand and supply dynamics, and local market conditions.
Where can I find accurate and up-to-date gold rates for Lucknow?
Accurate and current gold rates for Lucknow can be found on reputable financial news platforms, gold price tracking apps, or directly from established jewelers in the area.
Do gold rates vary among different jewelers in Lucknow?
While the base rate for gold might be similar, additional charges like making charges and GST may lead to slight price differences among jewelers in Lucknow.
What is the current live gold rate in Lucknow?
The live gold rate in Lucknow changes daily; check a trusted financial website or local jeweler for the latest rate.
How often do gold prices change in Lucknow?
Gold prices in Lucknow can fluctuate multiple times a day based on international market dynamics.
What factors affect the gold rate in Lucknow?
The gold rate in Lucknow is influenced by global gold prices, currency exchange rates, demand and supply dynamics, and local market conditions.
Where can I find accurate and up-to-date gold rates for Lucknow?
Accurate and current gold rates for Lucknow can be found on reputable financial news platforms, gold price tracking apps, or directly from established jewelers in the area.
Do gold rates vary among different jewelers in Lucknow?
While the base rate for gold might be similar, additional charges like making charges and GST may lead to slight price differences among jewelers in Lucknow.
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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