Gold rates in Mizoram
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%)
Gold has consistently held its status as a preferred investment option due to its intrinsic value and deep-rooted sentiment in Mizoram.
Investors often turn to gold as a safeguard against economic uncertainties, including deflation, inflation, and currency devaluation. Its worth tends to appreciate in times of political instability and economic downturns.
To illustrate, in the year 2000, gold was priced at ₹4,400 for every 10 grams. By 2010, this rate had surged to ₹18,500. Presently, the current gold rate in Mizoram stands at a remarkable ₹48,510 for every 10 grams of 24K gold.
Let's delve into today's gold rate in Mizoram for a comprehensive understanding.
Gold has consistently held its status as a preferred investment option due to its intrinsic value and deep-rooted sentiment in Mizoram.
Investors often turn to gold as a safeguard against economic uncertainties, including deflation, inflation, and currency devaluation. Its worth tends to appreciate in times of political instability and economic downturns.
To illustrate, in the year 2000, gold was priced at ₹4,400 for every 10 grams. By 2010, this rate had surged to ₹18,500. Presently, the current gold rate in Mizoram stands at a remarkable ₹48,510 for every 10 grams of 24K gold.
Let's delve into today's gold rate in Mizoram for a comprehensive understanding.
24K Gold Rates Per Gram in Mizoram
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 Mizoram
24K Gold Rates Per Gram in Mizoram
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 Mizoram
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 Mizoram
Factors Influencing Gold Prices in Mizoram
Several key factors contribute to fluctuations in gold rates:
Government Gold Reserves:
The Reserve Bank of India (RBI) maintains government gold reserves. When RBI acquires more gold, it boosts gold prices by injecting additional cash into the market and reducing the available gold supply.
Inflation:
Gold serves as a hedge against inflation, as it is often compared to currency and holds substantial value. High inflation prompts increased demand for gold, while low inflation tends to have the opposite effect.
Jewellery Market:
Gold rates tend to rise during festive seasons like Diwali, Akshaya Tritiya, and wedding seasons due to heightened demand. Supply-demand imbalances during these periods can lead to price hikes.
Global Market Trends:
Any international fluctuations in gold rates directly impact the price of this precious metal in Mizoram.
Interest Rate Trends:
Interest rate hikes often prompt individuals to sell gold for immediate cash, increasing the supply and subsequently lowering gold rates. Conversely, lower interest rates boost demand, resulting in higher gold prices.
Factors Influencing Gold Prices in Mizoram
Several key factors contribute to fluctuations in gold rates:
Government Gold Reserves:
The Reserve Bank of India (RBI) maintains government gold reserves. When RBI acquires more gold, it boosts gold prices by injecting additional cash into the market and reducing the available gold supply.
Inflation:
Gold serves as a hedge against inflation, as it is often compared to currency and holds substantial value. High inflation prompts increased demand for gold, while low inflation tends to have the opposite effect.
Jewellery Market:
Gold rates tend to rise during festive seasons like Diwali, Akshaya Tritiya, and wedding seasons due to heightened demand. Supply-demand imbalances during these periods can lead to price hikes.
Global Market Trends:
Any international fluctuations in gold rates directly impact the price of this precious metal in Mizoram.
Interest Rate Trends:
Interest rate hikes often prompt individuals to sell gold for immediate cash, increasing the supply and subsequently lowering gold rates. Conversely, lower interest rates boost demand, resulting in higher 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 Mizoram?
Assessing Gold Purity and Price Determination in Mizoram
In the context of Mizoram, the meticulous process of evaluating gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines established by the Indian Bullion Association.
As an integral component of this rigorous procedure, gold vendors operating across the state are required to affix hallmark certifications to their products.
This mandate ensures an exceptionally precise representation of the gold's purity level, introducing a valuable layer of transparency into Mizoram's gold market.
It is essential to recognize that the pricing of gold within the borders of Mizoram remains significantly influenced by the ever-shifting dynamics of the international market.
While Mizoram 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 certainly discernible.
This intricate interplay between developments in the global market and the local gold market in Mizoram 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.
Assessing Gold Purity and Price Determination in Mizoram
In the context of Mizoram, the meticulous process of evaluating gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines established by the Indian Bullion Association.
As an integral component of this rigorous procedure, gold vendors operating across the state are required to affix hallmark certifications to their products.
This mandate ensures an exceptionally precise representation of the gold's purity level, introducing a valuable layer of transparency into Mizoram's gold market.
It is essential to recognize that the pricing of gold within the borders of Mizoram remains significantly influenced by the ever-shifting dynamics of the international market.
While Mizoram 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 certainly discernible.
This intricate interplay between developments in the global market and the local gold market in Mizoram 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 Mizoram
Documentation Needed for Gold Investment in Mizoram
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 Mizoram
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 Mizoram
Important Factors to Consider When Purchasing Gold Jewellery:
Here are essential aspects to evaluate when buying gold jewellery:
Verify Current Gold Rates:
Gold prices fluctuate daily, varying by location and even within moments on the stock market. Before investing, it's crucial to check both the 22-carat gold rate in Mizoram and the Indian Bullion Jewellers Association (IBJA) rate for ornaments.
Account for Wastage and Making Charges:
The final cost of jewellery in Mizoram often exceeds today's gold rate in Mizoram 916 due to additional expenses like wastage and making charges (typically ranging from 7% to 25%), stone weight, and a 3% Goods and Services Tax (GST). It's advisable to compare prices across different jewellery stores before making a purchase.
Ensure Hallmark or BIS Certification:
Look for the Bureau of Indian Standards (BIS) certification to validate the gold's purity. Hallmarking, featuring the 22K BIS-916 hallmark and the company logo on the ornament, is a sign of gold quality.
Check Purity Levels:
The presence of alloys in gold does not contribute to its intrinsic value. While 24K gold is nearly 99.94% pure, it is not malleable and often requires the addition of other metals such as copper or silver. Different purity options are available, including 22K, 18K, 14K, and 10K.
Review Purchase Bill and Buy-Back Terms:
When planning to sell your gold, the buy-back rates significantly impact your potential profit. Familiarize yourself with the terms and conditions of buy-back policies to make informed decisions regarding your investment.
Important Factors to Consider When Purchasing Gold Jewellery:
Here are essential aspects to evaluate when buying gold jewellery:
Verify Current Gold Rates:
Gold prices fluctuate daily, varying by location and even within moments on the stock market. Before investing, it's crucial to check both the 22-carat gold rate in Mizoram and the Indian Bullion Jewellers Association (IBJA) rate for ornaments.
Account for Wastage and Making Charges:
The final cost of jewellery in Mizoram often exceeds today's gold rate in Mizoram 916 due to additional expenses like wastage and making charges (typically ranging from 7% to 25%), stone weight, and a 3% Goods and Services Tax (GST). It's advisable to compare prices across different jewellery stores before making a purchase.
Ensure Hallmark or BIS Certification:
Look for the Bureau of Indian Standards (BIS) certification to validate the gold's purity. Hallmarking, featuring the 22K BIS-916 hallmark and the company logo on the ornament, is a sign of gold quality.
Check Purity Levels:
The presence of alloys in gold does not contribute to its intrinsic value. While 24K gold is nearly 99.94% pure, it is not malleable and often requires the addition of other metals such as copper or silver. Different purity options are available, including 22K, 18K, 14K, and 10K.
Review Purchase Bill and Buy-Back Terms:
When planning to sell your gold, the buy-back rates significantly impact your potential profit. Familiarize yourself with the terms and conditions of buy-back policies to make informed decisions regarding your investment.
FAQs on Gold Rates in Mizoram
What factors influence the daily fluctuations in gold prices in Mizoram?
Answer: Gold prices in Mizoram are influenced by factors like government gold reserves, inflation, demand in the jewelry market, global movements, and interest rate trends.
Where can I check the latest gold rates in Mizoram?
Answer: You can check the latest gold rates in Mizoram on various financial websites, at local jewelry stores, or through reliable sources like the Indian Bullion Jewellers Association (IBJA).
How do making charges and wastage affect the overall cost of gold jewelry in Mizoram?
Answer: Making charges and wastage charges are additional costs applied to the base gold rate, ranging from 7% to 25%. These charges can significantly impact the final price of gold jewelry in Mizoram.
What is the importance of Hallmark or BIS certification when buying gold jewelry in Mizoram?
Answer: Hallmark or BIS certification ensures the purity and quality of gold jewelry. It provides customers with assurance regarding the gold's authenticity and purity level, making it an essential factor to check.
Can you explain the concept of gold buy-back terms and their significance in Mizoram?
Answer: Gold buy-back terms determine the price at which you can sell or exchange your gold jewelry. It's essential to understand these terms, as they impact the profit you make when selling your gold in Mizoram.
What factors influence the daily fluctuations in gold prices in Mizoram?
Answer: Gold prices in Mizoram are influenced by factors like government gold reserves, inflation, demand in the jewelry market, global movements, and interest rate trends.
Where can I check the latest gold rates in Mizoram?
Answer: You can check the latest gold rates in Mizoram on various financial websites, at local jewelry stores, or through reliable sources like the Indian Bullion Jewellers Association (IBJA).
How do making charges and wastage affect the overall cost of gold jewelry in Mizoram?
Answer: Making charges and wastage charges are additional costs applied to the base gold rate, ranging from 7% to 25%. These charges can significantly impact the final price of gold jewelry in Mizoram.
What is the importance of Hallmark or BIS certification when buying gold jewelry in Mizoram?
Answer: Hallmark or BIS certification ensures the purity and quality of gold jewelry. It provides customers with assurance regarding the gold's authenticity and purity level, making it an essential factor to check.
Can you explain the concept of gold buy-back terms and their significance in Mizoram?
Answer: Gold buy-back terms determine the price at which you can sell or exchange your gold jewelry. It's essential to understand these terms, as they impact the profit you make when selling your gold in Mizoram.
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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