Gold rates in Madhya Pradesh
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%)
Are you contemplating the idea of investing in gold at the present gold rate in Madhya Pradesh? Investing in gold at today's rates in Madhya Pradesh can significantly reduce the overall risk factor in your investment portfolio.
However, before deciding to invest in gold, it is essential to arm yourself with a thorough understanding of various aspects related to gold investment. This includes keeping abreast of the latest market trends, understanding how gold rates are determined, and being aware of the different forms in which gold can be invested, such as jewelry, coins, bullion, ETFs, and digital gold.
Additionally, it's crucial to consider factors like storage, security, and the liquidity of gold as an asset, as well as its historical performance and potential future value. Gaining comprehensive knowledge in these areas will ensure a more informed and prudent investment decision.
Are you contemplating the idea of investing in gold at the present gold rate in Madhya Pradesh? Investing in gold at today's rates in Madhya Pradesh can significantly reduce the overall risk factor in your investment portfolio.
However, before deciding to invest in gold, it is essential to arm yourself with a thorough understanding of various aspects related to gold investment. This includes keeping abreast of the latest market trends, understanding how gold rates are determined, and being aware of the different forms in which gold can be invested, such as jewelry, coins, bullion, ETFs, and digital gold.
Additionally, it's crucial to consider factors like storage, security, and the liquidity of gold as an asset, as well as its historical performance and potential future value. Gaining comprehensive knowledge in these areas will ensure a more informed and prudent investment decision.
24K Gold Rates Per Gram in Madhya Pradesh
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
24K Gold Rates Per Gram in Madhya Pradesh
24K Gold Rates Per Gram in Madhya Pradesh
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
24K Gold Rates Per Gram in Madhya Pradesh
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 Madhya Pradesh
Key Factors Influencing Gold Prices in Madhya Pradesh
Inflation and Investment Comparison:
Example: Rs 10,000 invested in 25 gm of gold in 2000 would be worth much more today, showcasing gold's growth over time compared to the depreciating value of the currency.
Global and National Demand:
China and India contribute to 25% of global gold demand.
India's share in global gold stock is approximately 11%.
Regional demand in India: Southern states (40%), Northern states (20%), Western states (25-30%), Eastern states (10-15%).
About 90% of India's gold demand is satisfied through imports, which are predominantly paid for in USD.
Local Factors in Madhya Pradesh:
Increased consumer demand for gold.
Higher import duties are influenced by the USD-INR exchange rate.
Economic Conditions Post-Pandemic:
The pandemic has led to a rise in inflation and prices.
A reduction in interest rates.
Stock market volatility.
International Market Trends:
A global rise in gold prices.
High liquidity among investors, fueling gold purchases.
Each of these factors plays a crucial role in shaping the gold rate in Madhya Pradesh, highlighting the importance of considering both local and global economic dynamics when investing in gold.
Key Factors Influencing Gold Prices in Madhya Pradesh
Inflation and Investment Comparison:
Example: Rs 10,000 invested in 25 gm of gold in 2000 would be worth much more today, showcasing gold's growth over time compared to the depreciating value of the currency.
Global and National Demand:
China and India contribute to 25% of global gold demand.
India's share in global gold stock is approximately 11%.
Regional demand in India: Southern states (40%), Northern states (20%), Western states (25-30%), Eastern states (10-15%).
About 90% of India's gold demand is satisfied through imports, which are predominantly paid for in USD.
Local Factors in Madhya Pradesh:
Increased consumer demand for gold.
Higher import duties are influenced by the USD-INR exchange rate.
Economic Conditions Post-Pandemic:
The pandemic has led to a rise in inflation and prices.
A reduction in interest rates.
Stock market volatility.
International Market Trends:
A global rise in gold prices.
High liquidity among investors, fueling gold purchases.
Each of these factors plays a crucial role in shaping the gold rate in Madhya Pradesh, highlighting the importance of considering both local and global economic dynamics when investing in 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 Madhya Pradesh?
In Madhya Pradesh, the evaluation of gold rates and purity is conducted according to the guidelines established by the Indian Bullion Association. It's essential for gold dealers to hallmark their products, which indicates the purity of the gold.
The gold prices in Madhya Pradesh are influenced by international market trends. Given India's limited role in gold mining, the direct effects of these global market changes on local gold prices are somewhat moderated.
Nonetheless, global events and trends continue to play a significant role in shaping the gold market, impacting the buying power of both gold importers and the general public in Madhya Pradesh, as well as throughout India.
In Madhya Pradesh, the evaluation of gold rates and purity is conducted according to the guidelines established by the Indian Bullion Association. It's essential for gold dealers to hallmark their products, which indicates the purity of the gold.
The gold prices in Madhya Pradesh are influenced by international market trends. Given India's limited role in gold mining, the direct effects of these global market changes on local gold prices are somewhat moderated.
Nonetheless, global events and trends continue to play a significant role in shaping the gold market, impacting the buying power of both gold importers and the general public in Madhya Pradesh, as well as throughout India.
Necessary Documentation for Gold Investment in Madhya Pradesh
Required Documents for Gold Investment in Madhya Pradesh
Physical Gold Purchases:
Buying physical gold does not require any special documents, brokerage, or a Demat account. However, keeping the purchase receipt and BIS certification for future reference is crucial.
Investments Above Rs. 2 Lakhs:
When investing over Rs. 2 lakhs in gold jewelry, coins, bars, etc., at the prevailing 22-carat rate, you need to provide your PAN Card and a valid government-issued identification that includes your name and address, such as a Voter ID, Passport, or Aadhar Card.
Investing in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, you must open both a brokerage account and a Demat account with the entity offering these funds.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These types of gold investments generally require minimal paperwork and do not necessitate the use of a Demat account.
Gold Mutual Funds:
For investment in gold-based mutual funds, it is essential to establish a brokerage and a Demat account.
Required Documents for Gold Investment in Madhya Pradesh
Physical Gold Purchases:
Buying physical gold does not require any special documents, brokerage, or a Demat account. However, keeping the purchase receipt and BIS certification for future reference is crucial.
Investments Above Rs. 2 Lakhs:
When investing over Rs. 2 lakhs in gold jewelry, coins, bars, etc., at the prevailing 22-carat rate, you need to provide your PAN Card and a valid government-issued identification that includes your name and address, such as a Voter ID, Passport, or Aadhar Card.
Investing in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, you must open both a brokerage account and a Demat account with the entity offering these funds.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These types of gold investments generally require minimal paperwork and do not necessitate the use of a Demat account.
Gold Mutual Funds:
For investment in gold-based mutual funds, it is essential to establish 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 Madhya Pradesh
Planning to invest in gold jewelry at the current rate in Madhya Pradesh? Here are some important factors to consider:
Gold Purity Levels:
The highest purity available is 24K gold, which is 99.9% pure. Other available options include 22K, 18K, 14K, and 10K gold.
BIS Certification:
The Bureau of Indian Standards (BIS) authenticates the purity of gold. For example, 916 widely popular gold indicates 91.6 grams of pure gold in every 100 grams, corresponding to the 22-carat gold rate in Madhya Pradesh.
Daily Gold Rates:
Gold prices fluctuate frequently and vary by location and in real-time on the commodities market. Ensure to check the latest gold rate in Madhya Pradesh before making a purchase.
Buy-Back Terms:
Understanding the buy-back terms is critical to maintaining the value of your gold jewelry. Many jewelry stores offer buy-back options at the current market rate in Madhya Pradesh.
Understanding Your Gold:
Generally, gold jewelry is made in 22K. Be aware that white and rose gold may cost more than regular gold due to additional processing and making charges.
Wastage and Making Charges:
These charges typically range from 10 to 20%, with an additional GST of 3% on the purchase price, added to the current gold rate in Madhya Pradesh.
Planning to invest in gold jewelry at the current rate in Madhya Pradesh? Here are some important factors to consider:
Gold Purity Levels:
The highest purity available is 24K gold, which is 99.9% pure. Other available options include 22K, 18K, 14K, and 10K gold.
BIS Certification:
The Bureau of Indian Standards (BIS) authenticates the purity of gold. For example, 916 widely popular gold indicates 91.6 grams of pure gold in every 100 grams, corresponding to the 22-carat gold rate in Madhya Pradesh.
Daily Gold Rates:
Gold prices fluctuate frequently and vary by location and in real-time on the commodities market. Ensure to check the latest gold rate in Madhya Pradesh before making a purchase.
Buy-Back Terms:
Understanding the buy-back terms is critical to maintaining the value of your gold jewelry. Many jewelry stores offer buy-back options at the current market rate in Madhya Pradesh.
Understanding Your Gold:
Generally, gold jewelry is made in 22K. Be aware that white and rose gold may cost more than regular gold due to additional processing and making charges.
Wastage and Making Charges:
These charges typically range from 10 to 20%, with an additional GST of 3% on the purchase price, added to the current gold rate in Madhya Pradesh.
FAQs on Gold Rates in Madhya Pradesh
Where can I check the live gold prices in Madhya Pradesh?
Live gold prices in Madhya Pradesh can be accessed on financial news websites, through gold rate tracking apps, and at local jewelers.
What causes fluctuations in live gold prices in Madhya Pradesh?
Fluctuations in live gold prices are due to global market trends, currency exchange rates, and local demand-supply dynamics in Madhya Pradesh.
Do gold prices in Madhya Pradesh vary during festivals or weddings?
Yes, gold prices in Madhya Pradesh often increase during festivals and wedding seasons due to heightened demand.
How do international market trends affect gold prices in Madhya Pradesh?
International trends, including gold demand and currency valuation changes, significantly influence gold prices in Madhya Pradesh.
Are the gold prices in Madhya Pradesh updated regularly throughout the day?
Yes, gold prices in Madhya Pradesh are frequently updated to reflect the most current market conditions.
Where can I check the live gold prices in Madhya Pradesh?
Live gold prices in Madhya Pradesh can be accessed on financial news websites, through gold rate tracking apps, and at local jewelers.
What causes fluctuations in live gold prices in Madhya Pradesh?
Fluctuations in live gold prices are due to global market trends, currency exchange rates, and local demand-supply dynamics in Madhya Pradesh.
Do gold prices in Madhya Pradesh vary during festivals or weddings?
Yes, gold prices in Madhya Pradesh often increase during festivals and wedding seasons due to heightened demand.
How do international market trends affect gold prices in Madhya Pradesh?
International trends, including gold demand and currency valuation changes, significantly influence gold prices in Madhya Pradesh.
Are the gold prices in Madhya Pradesh updated regularly throughout the day?
Yes, gold prices in Madhya Pradesh are frequently updated to reflect the most current market conditions.
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
