Gold rates in Manipur
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%)
Manipur, located in the picturesque northeastern part of India, relies significantly on tourism as a key driver of its economy.
The state's major cities experience higher population densities due to various factors, including tourism and local settlements.
Gold, deeply ingrained in Manipuri culture, is traditionally passed down from one generation to the next. When acquiring gold in Manipur, individuals consider the prevailing gold rate per gram, which is susceptible to fluctuations influenced by a variety of factors.
Manipur, located in the picturesque northeastern part of India, relies significantly on tourism as a key driver of its economy.
The state's major cities experience higher population densities due to various factors, including tourism and local settlements.
Gold, deeply ingrained in Manipuri culture, is traditionally passed down from one generation to the next. When acquiring gold in Manipur, individuals consider the prevailing gold rate per gram, which is susceptible to fluctuations influenced by a variety of factors.
24K Gold Rates Per Gram in Manipur
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 Manipur
24K Gold Rates Per Gram in Manipur
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 Manipur
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 Manipur
Factors Influencing Gold Prices in Manipur
Every gold investor seeks a combination of safety, liquidity, and Return on Investment (ROI). Gold investments offer these benefits and more. Let's delve into the key factors that influence the gold rate in Manipur:
Government Gold Reserves:
The Reserve Bank of India (RBI) holds the government's gold reserves. When the RBI acquires more gold, it leads to a rise in gold prices due to increased cash flow in the market and a reduction in the supply of gold.
Inflation:
Gold is often compared to currency and is valued as a hedge against inflation. High inflation rates drive up the demand for gold, and vice versa.
Jewellery Market:
During festive seasons like Diwali, Akshaya Tritiya, and wedding seasons, the demand for gold surges, causing an increase in gold prices. Imbalances in demand and supply contribute to these price fluctuations.
Global Movements:
Any global developments in the gold market can impact the price of this precious metal in Manipur.
Interest Rate Trends:
As interest rates rise, individuals tend to sell their gold to access cash. Increased supply of gold leads to lower prices. Conversely, when interest rates are low, consumers have more disposable income, resulting in higher demand and increased gold prices.
Factors Influencing Gold Prices in Manipur
Every gold investor seeks a combination of safety, liquidity, and Return on Investment (ROI). Gold investments offer these benefits and more. Let's delve into the key factors that influence the gold rate in Manipur:
Government Gold Reserves:
The Reserve Bank of India (RBI) holds the government's gold reserves. When the RBI acquires more gold, it leads to a rise in gold prices due to increased cash flow in the market and a reduction in the supply of gold.
Inflation:
Gold is often compared to currency and is valued as a hedge against inflation. High inflation rates drive up the demand for gold, and vice versa.
Jewellery Market:
During festive seasons like Diwali, Akshaya Tritiya, and wedding seasons, the demand for gold surges, causing an increase in gold prices. Imbalances in demand and supply contribute to these price fluctuations.
Global Movements:
Any global developments in the gold market can impact the price of this precious metal in Manipur.
Interest Rate Trends:
As interest rates rise, individuals tend to sell their gold to access cash. Increased supply of gold leads to lower prices. Conversely, when interest rates are low, consumers have more disposable income, resulting in higher demand and increased gold prices.
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 Manipur?
Evaluating Gold Purity and Price Determination in Manipur
In the context of Manipur, the thorough process of assessing gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines set forth by the Indian Bullion Association.
As an integral aspect of this meticulous procedure, gold vendors operating across the state are obligated to attach hallmark certifications to their products.
This requirement ensures a remarkably accurate representation of the gold's purity level, thereby introducing a valuable layer of transparency into Manipur's gold market.
It is crucial to acknowledge that the pricing of gold within the borders of Manipur remains significantly influenced by the ever-shifting dynamics of the international market.
While Manipur may not hold a dominant position in the global gold mining landscape, the repercussions of global market fluctuations on local gold prices may not be immediately evident but are indeed perceptible.
This intricate interplay between developments in the global market and the local gold market in Manipur underscores the importance of considering external factors and their profound impact on the purchasing capacity of both gold importers and the broader population, not only within the state but throughout the entire expanse of India.
Evaluating Gold Purity and Price Determination in Manipur
In the context of Manipur, the thorough process of assessing gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines set forth by the Indian Bullion Association.
As an integral aspect of this meticulous procedure, gold vendors operating across the state are obligated to attach hallmark certifications to their products.
This requirement ensures a remarkably accurate representation of the gold's purity level, thereby introducing a valuable layer of transparency into Manipur's gold market.
It is crucial to acknowledge that the pricing of gold within the borders of Manipur remains significantly influenced by the ever-shifting dynamics of the international market.
While Manipur may not hold a dominant position in the global gold mining landscape, the repercussions of global market fluctuations on local gold prices may not be immediately evident but are indeed perceptible.
This intricate interplay between developments in the global market and the local gold market in Manipur underscores the importance of considering external factors and their profound impact on the purchasing capacity of both gold importers and the broader population, not only within the state but throughout the entire expanse of India.
Necessary Documentation for Gold Investment in Manipur
Documentation Needed for Gold Investment in Manipur
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 Manipur
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 Manipur
Crucial Considerations When Purchasing Gold Jewelry
If you're contemplating buying jewelry at the current gold rate in Manipur 916, here are key factors to keep in mind:
Purity Levels:
Examine the hallmark and purity of the gold, available in various forms like 22K, 18K, 10K, and 14K gold. While the 24-carat gold rate in Manipur offers the best resale price, jewelry typically corresponds to the 916 gold rate in Manipur.
BIS Certification:
Look for BIS certification, a hallmark of reputable jewelers that confirms the gold's purity. The 916 gold designation signifies that every 100 grams of gold contains 91.6 grams of pure gold and is the standard for jewelry priced according to the 22-carat gold rate in Manipur today.
Daily Gold Rates:
Gold prices fluctuate due to various factors. Inquire about the rates provided by the Indian Bullion Jewellers Association and today's live gold rate in Manipur. Check rates specific to the type of gold you intend to purchase, such as the 18-carat gold rate in Manipur if buying 18K gold.
Buy-Back Terms:
Understand the buy-back terms, particularly when selling or exchanging gold at the prevailing 22K gold rate in Manipur today. Keep in mind that even when trading jewelry on a gram-to-gram basis, you may not recover the wastage and making charges, which typically range from 7% to 25%.
Know Your Gold:
Be aware that white and rose gold prices may exceed the daily gold rates due to additional processing and making charges. When selling, you might incur losses as alloy rates contribute no additional value. To maximize resale value, consider investing in 24K or 22K gold, aligning with the 916 gold rate in Manipur, or choose gold based on the best available rates today.
Crucial Considerations When Purchasing Gold Jewelry
If you're contemplating buying jewelry at the current gold rate in Manipur 916, here are key factors to keep in mind:
Purity Levels:
Examine the hallmark and purity of the gold, available in various forms like 22K, 18K, 10K, and 14K gold. While the 24-carat gold rate in Manipur offers the best resale price, jewelry typically corresponds to the 916 gold rate in Manipur.
BIS Certification:
Look for BIS certification, a hallmark of reputable jewelers that confirms the gold's purity. The 916 gold designation signifies that every 100 grams of gold contains 91.6 grams of pure gold and is the standard for jewelry priced according to the 22-carat gold rate in Manipur today.
Daily Gold Rates:
Gold prices fluctuate due to various factors. Inquire about the rates provided by the Indian Bullion Jewellers Association and today's live gold rate in Manipur. Check rates specific to the type of gold you intend to purchase, such as the 18-carat gold rate in Manipur if buying 18K gold.
Buy-Back Terms:
Understand the buy-back terms, particularly when selling or exchanging gold at the prevailing 22K gold rate in Manipur today. Keep in mind that even when trading jewelry on a gram-to-gram basis, you may not recover the wastage and making charges, which typically range from 7% to 25%.
Know Your Gold:
Be aware that white and rose gold prices may exceed the daily gold rates due to additional processing and making charges. When selling, you might incur losses as alloy rates contribute no additional value. To maximize resale value, consider investing in 24K or 22K gold, aligning with the 916 gold rate in Manipur, or choose gold based on the best available rates today.
FAQs on Gold Rates in Manipur
What Factors Influence the Daily Gold Rates in Manipur?
Answer: Various factors, including international market dynamics, government policies, and local demand, influence daily gold rates in Manipur.
Where Can I Find the Latest Gold Rate in Manipur?
Answer: You can check the latest gold rate in Manipur through reputable sources such as financial news websites, local jewelers, and the Indian Bullion Jewellers Association (IBJA).
Do Gold Prices Fluctuate Throughout the Day in Manipur?
Answer: Yes, gold prices can fluctuate during the trading day based on market conditions, so it's essential to stay updated if you plan to buy or sell gold.
How Can I Ensure the Purity of Gold When Buying in Manipur?
Answer: To ensure gold purity, always check for hallmark certifications and BIS ratings when purchasing gold jewelry. Reputed jewelers typically provide these certifications.
Are Gold Prices Higher in Major Cities of Manipur Than in Rural Areas?
Answer: Yes, major cities like Imphal may have slightly higher gold prices due to factors like increased demand and operating costs, compared to rural areas in Manipur.
What Factors Influence the Daily Gold Rates in Manipur?
Answer: Various factors, including international market dynamics, government policies, and local demand, influence daily gold rates in Manipur.
Where Can I Find the Latest Gold Rate in Manipur?
Answer: You can check the latest gold rate in Manipur through reputable sources such as financial news websites, local jewelers, and the Indian Bullion Jewellers Association (IBJA).
Do Gold Prices Fluctuate Throughout the Day in Manipur?
Answer: Yes, gold prices can fluctuate during the trading day based on market conditions, so it's essential to stay updated if you plan to buy or sell gold.
How Can I Ensure the Purity of Gold When Buying in Manipur?
Answer: To ensure gold purity, always check for hallmark certifications and BIS ratings when purchasing gold jewelry. Reputed jewelers typically provide these certifications.
Are Gold Prices Higher in Major Cities of Manipur Than in Rural Areas?
Answer: Yes, major cities like Imphal may have slightly higher gold prices due to factors like increased demand and operating costs, compared to rural areas in Manipur.
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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