Gold rates in Nagaland
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%)
Nagaland, situated in the northeastern region of India, boasts a rich cultural tapestry, with its diverse tribes contributing to a mosaic of traditions and festivals. It has aptly earned the moniker 'Land of Festivals.'
Similar to individuals across the country, residents of Nagaland regard gold not only as a precious metal but also as a form of financial security and a hedge against economic uncertainties.
Many ancient customs and rituals in Nagaland involve the exchange of gold ornaments, the purchase of jewelry, and the enduring tradition of passing down gold through generations.
While Dimapur, Mokokchung, and the capital city of Kohima serve as major urban centers in Nagaland, it is worth noting that gold prices in these cities may differ from those in rural areas of the state.
Nagaland, situated in the northeastern region of India, boasts a rich cultural tapestry, with its diverse tribes contributing to a mosaic of traditions and festivals. It has aptly earned the moniker 'Land of Festivals.'
Similar to individuals across the country, residents of Nagaland regard gold not only as a precious metal but also as a form of financial security and a hedge against economic uncertainties.
Many ancient customs and rituals in Nagaland involve the exchange of gold ornaments, the purchase of jewelry, and the enduring tradition of passing down gold through generations.
While Dimapur, Mokokchung, and the capital city of Kohima serve as major urban centers in Nagaland, it is worth noting that gold prices in these cities may differ from those in rural areas of the state.
24K Gold Rates Per Gram in Nagaland
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 Nagaland
24K Gold Rates Per Gram in Nagaland
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 Nagaland
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
Factors Influencing Gold Prices in Nagaland
What contributes to the fluctuations in gold rates? Numerous factors play a pivotal role in shaping gold prices, with some of the most noteworthy ones being:
Government Gold Reserves:
The Reserve Bank of India (RBI) manages the government's gold reserves. When the RBI acquires more gold, it results in a surge in gold prices due to increased cash flow in the market and a reduction in gold supply.
Inflation:
Gold, often likened to currency and valued for its stability, is frequently used as a hedge against inflation. During periods of high inflation, the demand for gold escalates, driving up its prices, and conversely, when inflation is low, the demand diminishes.
Jewellery Market:
Gold prices tend to rise during festive seasons such as Diwali, Akshaya Tritiya, and wedding periods, owing to heightened demand. Consequently, when demand outstrips supply, it exerts upward pressure on gold prices.
Global Economic Trends:
The price of this precious metal is subject to global movements and trends in the gold market. Any significant developments on the global stage can have a substantial impact on gold rates.
Interest Rate Trends:
Fluctuations in interest rates play a significant role in determining gold prices. When interest rates rise, individuals may opt to sell their gold holdings for cash, flooding the market with gold and driving down prices. Conversely, lower interest rates leave more money in consumers' hands, fostering greater demand and pushing gold rates higher.
Factors Influencing Gold Prices in Nagaland
What contributes to the fluctuations in gold rates? Numerous factors play a pivotal role in shaping gold prices, with some of the most noteworthy ones being:
Government Gold Reserves:
The Reserve Bank of India (RBI) manages the government's gold reserves. When the RBI acquires more gold, it results in a surge in gold prices due to increased cash flow in the market and a reduction in gold supply.
Inflation:
Gold, often likened to currency and valued for its stability, is frequently used as a hedge against inflation. During periods of high inflation, the demand for gold escalates, driving up its prices, and conversely, when inflation is low, the demand diminishes.
Jewellery Market:
Gold prices tend to rise during festive seasons such as Diwali, Akshaya Tritiya, and wedding periods, owing to heightened demand. Consequently, when demand outstrips supply, it exerts upward pressure on gold prices.
Global Economic Trends:
The price of this precious metal is subject to global movements and trends in the gold market. Any significant developments on the global stage can have a substantial impact on gold rates.
Interest Rate Trends:
Fluctuations in interest rates play a significant role in determining gold prices. When interest rates rise, individuals may opt to sell their gold holdings for cash, flooding the market with gold and driving down prices. Conversely, lower interest rates leave more money in consumers' hands, fostering greater demand and pushing gold rates higher.
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 Nagaland?
Assessment of Gold Purity and Price Determination in Arunachal Pradesh
Within the realm of Arunachal Pradesh, the evaluation of gold purity and subsequent price determination diligently follows the comprehensive guidelines established by the Indian Bullion Association.
As an integral aspect of this meticulous procedure, gold vendors operating across the state are obligated to affix hallmark certifications to their products.
This mandate ensures an impeccably accurate representation of the gold's purity level, adding a valuable layer of transparency to Arunachal Pradesh's gold market.
It is worth noting that the pricing of gold within the borders of Arunachal Pradesh remains significantly influenced by the ever-fluctuating dynamics of the international market.
Although Arunachal Pradesh may not play a dominant role in the global gold mining landscape, the ramifications of worldwide market shifts on local gold prices may not manifest directly but are certainly perceptible.
This intricate interplay between global market developments and the indigenous gold market in Arunachal Pradesh underscores the importance of considering external factors and their profound impact on the purchasing capacity of both gold importers and the broader populace, not only within the state but throughout the entire expanse of India.
Assessment of Gold Purity and Price Determination in Arunachal Pradesh
Within the realm of Arunachal Pradesh, the evaluation of gold purity and subsequent price determination diligently follows the comprehensive guidelines established by the Indian Bullion Association.
As an integral aspect of this meticulous procedure, gold vendors operating across the state are obligated to affix hallmark certifications to their products.
This mandate ensures an impeccably accurate representation of the gold's purity level, adding a valuable layer of transparency to Arunachal Pradesh's gold market.
It is worth noting that the pricing of gold within the borders of Arunachal Pradesh remains significantly influenced by the ever-fluctuating dynamics of the international market.
Although Arunachal Pradesh may not play a dominant role in the global gold mining landscape, the ramifications of worldwide market shifts on local gold prices may not manifest directly but are certainly perceptible.
This intricate interplay between global market developments and the indigenous gold market in Arunachal Pradesh underscores the importance of considering external factors and their profound impact on the purchasing capacity of both gold importers and the broader populace, not only within the state but throughout the entire expanse of India.
Necessary Documentation for Gold Investment in Nagaland
Documentation Needed for Gold Investment in Nagaland
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 Nagaland
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 Madhya Pradesh
Guidelines for Purchasing Gold in Nagaland
To safeguard your investment, it's imperative to consider the following factors when buying gold:
Purity, Hallmark, and BIS Certification:
Verify the purity of the gold and look for hallmark certifications, which typically include crucial details such as BIS ratings and the jeweler's logo. BIS ratings confirm the gold's purity level, which can be 24K, 22K, or 18K.
Daily Gold Rates:
Keep a close eye on the daily gold rates, as they can fluctuate not only on a daily basis but also across various locations. Ensure that you are aware of today's gold rate in Nagaland, whether you're trading on the stock market or purchasing jewelry. For jewelry, it's advisable to follow the rates provided by the IBJA (Indian Bullion Jewellers Association). Digital gold prices also adhere to the declared gold rate in Nagaland per gram.
Hidden Costs:
Be mindful of hidden costs associated with gold jewelry purchases. These costs can include making charges (ranging from 7% to 25%), expenses related to stones and alloys (which may not yield returns), a 3% GST (Goods and Services Tax), and additional expenses for safeguarding your gold, such as insurance and storage fees.
Buy-Back Terms:
Carefully review the buy-back conditions offered by the jeweler, as they significantly impact the returns on your investment. Some jewelers may offer buy-back at the prevailing daily rates, deducting the weight of stones, while others may facilitate exchanges on a gram-to-gram basis. Keep in mind that white or rose gold typically incurs higher processing charges, which can affect the purchase price and are deducted from the selling price.
Guidelines for Purchasing Gold in Nagaland
To safeguard your investment, it's imperative to consider the following factors when buying gold:
Purity, Hallmark, and BIS Certification:
Verify the purity of the gold and look for hallmark certifications, which typically include crucial details such as BIS ratings and the jeweler's logo. BIS ratings confirm the gold's purity level, which can be 24K, 22K, or 18K.
Daily Gold Rates:
Keep a close eye on the daily gold rates, as they can fluctuate not only on a daily basis but also across various locations. Ensure that you are aware of today's gold rate in Nagaland, whether you're trading on the stock market or purchasing jewelry. For jewelry, it's advisable to follow the rates provided by the IBJA (Indian Bullion Jewellers Association). Digital gold prices also adhere to the declared gold rate in Nagaland per gram.
Hidden Costs:
Be mindful of hidden costs associated with gold jewelry purchases. These costs can include making charges (ranging from 7% to 25%), expenses related to stones and alloys (which may not yield returns), a 3% GST (Goods and Services Tax), and additional expenses for safeguarding your gold, such as insurance and storage fees.
Buy-Back Terms:
Carefully review the buy-back conditions offered by the jeweler, as they significantly impact the returns on your investment. Some jewelers may offer buy-back at the prevailing daily rates, deducting the weight of stones, while others may facilitate exchanges on a gram-to-gram basis. Keep in mind that white or rose gold typically incurs higher processing charges, which can affect the purchase price and are deducted from the selling price.
FAQs on Gold Rates in Madhya Pradesh
What is the current gold rate in Assam?
The current gold rate in Assam varies daily and can differ among different cities and jewellers. It's essential to check the live rates to get the most accurate information.
How do I find today's gold rate in Assam?
You can find today's gold rate in Assam through various sources, including local jewellers, financial websites, and mobile apps. Many jewellers also display daily gold rates in their stores.
What factors influence the fluctuation of gold prices in Assam?
Gold prices in Assam are affected by factors such as international gold prices, currency exchange rates, demand and supply, inflation, and economic conditions. Understanding these factors can help you make informed investment decisions.
Are there any additional charges when buying gold in Assam?
Yes, when buying gold jewellery, you may incur additional charges like making charges, GST (Goods and Services Tax), and stone charges. It's important to be aware of these costs to calculate the total price accurately.
Can I sell my gold back to jewellers in Assam, and how is the buy-back price determined?
Many jewellers in Assam offer buy-back facilities. The buy-back price may be based on the prevailing gold rate on the day of sale, minus any deductions for stones or other materials. It's advisable to inquire about the specific buy-back terms with the jeweller at the time of purchase.
What is the current gold rate in Assam?
The current gold rate in Assam varies daily and can differ among different cities and jewellers. It's essential to check the live rates to get the most accurate information.
How do I find today's gold rate in Assam?
You can find today's gold rate in Assam through various sources, including local jewellers, financial websites, and mobile apps. Many jewellers also display daily gold rates in their stores.
What factors influence the fluctuation of gold prices in Assam?
Gold prices in Assam are affected by factors such as international gold prices, currency exchange rates, demand and supply, inflation, and economic conditions. Understanding these factors can help you make informed investment decisions.
Are there any additional charges when buying gold in Assam?
Yes, when buying gold jewellery, you may incur additional charges like making charges, GST (Goods and Services Tax), and stone charges. It's important to be aware of these costs to calculate the total price accurately.
Can I sell my gold back to jewellers in Assam, and how is the buy-back price determined?
Many jewellers in Assam offer buy-back facilities. The buy-back price may be based on the prevailing gold rate on the day of sale, minus any deductions for stones or other materials. It's advisable to inquire about the specific buy-back terms with the jeweller at the time of purchase.
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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