Gold rates in Raipur
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 continues to be a revered and traditional form of investment. The presence of numerous other investment avenues has not diminished the longstanding appeal and demand for gold.
This persistent demand significantly influences the gold rate in Raipur. In Indian culture, gold is not just a metal; it's a symbol of wealth and prosperity, deeply embedded in the fabric of weddings and various ceremonies.
Delve into this article to gain insights into the current gold rate in Raipur, keeping you informed with live updates and enabling you to make timely investment decisions.
Investing in gold continues to be a revered and traditional form of investment. The presence of numerous other investment avenues has not diminished the longstanding appeal and demand for gold.
This persistent demand significantly influences the gold rate in Raipur. In Indian culture, gold is not just a metal; it's a symbol of wealth and prosperity, deeply embedded in the fabric of weddings and various ceremonies.
Delve into this article to gain insights into the current gold rate in Raipur, keeping you informed with live updates and enabling you to make timely investment decisions.
24K Gold Rates Per Gram in Raipur
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 Raipur
24K Gold Rates Per Gram in Raipur
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 Raipur
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 Raipur
Key factors influencing gold price fluctuations include:
Demand and Supply Dynamics:
In Raipur, the balance between demand and supply significantly influences gold rates. When demand outstrips supply, gold prices tend to rise.
Interest Rate Correlation:
The cost of gold is inversely related to interest rates. Increases in interest rates typically result in lower gold purchases, impacting gold prices negatively.
Jewellery Market Demand:
In India, gold jewelry is extensively used for weddings and other celebrations, leading to a significant stockpile of gold in traditional settings.
Impact of Inflation:
Inflation leads to a decrease in currency value and rupee devaluation, making gold an attractive hedge against prolonged inflationary periods.
Government Gold Reserves:
The gold market is also influenced by the Government of India's reserves, managed by The Reserve Bank of India, with fluctuations in gold prices based on governmental buying and selling activities.
Currency Exchange Rates:
Since gold is globally traded in US dollars, fluctuations in the USD to INR exchange rate affect the import and overall pricing of gold in India, leading to daily price changes.
Import Duties:
Despite India's minimal contribution to global gold production, its high demand for gold, being the second-largest consumer globally, means import duties significantly impact the retail price of gold in Raipur.
Key factors influencing gold price fluctuations include:
Demand and Supply Dynamics:
In Raipur, the balance between demand and supply significantly influences gold rates. When demand outstrips supply, gold prices tend to rise.
Interest Rate Correlation:
The cost of gold is inversely related to interest rates. Increases in interest rates typically result in lower gold purchases, impacting gold prices negatively.
Jewellery Market Demand:
In India, gold jewelry is extensively used for weddings and other celebrations, leading to a significant stockpile of gold in traditional settings.
Impact of Inflation:
Inflation leads to a decrease in currency value and rupee devaluation, making gold an attractive hedge against prolonged inflationary periods.
Government Gold Reserves:
The gold market is also influenced by the Government of India's reserves, managed by The Reserve Bank of India, with fluctuations in gold prices based on governmental buying and selling activities.
Currency Exchange Rates:
Since gold is globally traded in US dollars, fluctuations in the USD to INR exchange rate affect the import and overall pricing of gold in India, leading to daily price changes.
Import Duties:
Despite India's minimal contribution to global gold production, its high demand for gold, being the second-largest consumer globally, means import duties significantly impact the retail price of gold in Raipur.
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 Raipur?
Assessing Gold Purity in Raipur:
In Raipur, the evaluation of gold prices and purity falls under the jurisdiction of the Indian Bullion Association, which requires that all gold items be marked with a hallmark to signify their purity.
Similar to other regions, the cost of gold in Raipur is shaped by international market trends. Although India does not mine its gold, fluctuations in the global markets significantly impact the purchasing capability of both importers and the general populace in Raipur.
Assessing Gold Purity in Raipur:
In Raipur, the evaluation of gold prices and purity falls under the jurisdiction of the Indian Bullion Association, which requires that all gold items be marked with a hallmark to signify their purity.
Similar to other regions, the cost of gold in Raipur is shaped by international market trends. Although India does not mine its gold, fluctuations in the global markets significantly impact the purchasing capability of both importers and the general populace in Raipur.
Necessary Documentation for Gold Investment in Raipur
Required documentation for gold investments:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with any form of address verification is necessary.
To invest in Gold ETFs (Exchange-Traded Funds), opening both a brokerage and a Demat account with the firm offering the ETF is required.
Investments in Sovereign Gold Bonds (SGBs) and digital gold demand minimal documentation and do not necessitate a Demat account.
Investing in mutual funds involves setting up a brokerage and Demat account.
Required documentation for gold investments:
For investments exceeding Rs. 2 lakhs, presenting a PAN card along with any form of address verification is necessary.
To invest in Gold ETFs (Exchange-Traded Funds), opening both a brokerage and a Demat account with the firm offering the ETF is required.
Investments in Sovereign Gold Bonds (SGBs) and digital gold demand minimal documentation and do not necessitate a Demat account.
Investing in mutual funds involves setting up a brokerage and 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 Raipur
Essential Aspects to Consider When Purchasing Gold in Raipur:
Purity Levels:
While 24K represents pure gold, its lack of malleability means it is often alloyed with other metals, resulting in 22K, 18K, and 14K gold options.
Gold Price per Gram:
Given that gold prices vary daily and by location, it's crucial to verify the current rates, such as today's 22-carat and 18-carat gold price per gram in Raipur, before making a purchase.
Buy-back Policy:
In a fluctuating market, opting for sellers who offer clear buy-back policies at current market rates is wise. Many also provide the option to sell or exchange gold based on its weight, deducting making charges, thus securing the day's gold rates.
Gold Certification:
Gold's purity in Raipur is certified by the Bureau of Indian Standards, with 916 gold indicating 91.6% purity, also known as 22K gold.
Manufacturing Charges:
The cost of jewelry in Raipur often exceeds the day's 916 gold rate due to additional making charges. The overall price can be estimated by calculating the gold's weight in grams multiplied by the 22-carat rate in Raipur, adding making charges (approximately 10 to 20% of Raipur's current gold rate), plus GST at 3% based on today's 916 gold rate.
Essential Aspects to Consider When Purchasing Gold in Raipur:
Purity Levels:
While 24K represents pure gold, its lack of malleability means it is often alloyed with other metals, resulting in 22K, 18K, and 14K gold options.
Gold Price per Gram:
Given that gold prices vary daily and by location, it's crucial to verify the current rates, such as today's 22-carat and 18-carat gold price per gram in Raipur, before making a purchase.
Buy-back Policy:
In a fluctuating market, opting for sellers who offer clear buy-back policies at current market rates is wise. Many also provide the option to sell or exchange gold based on its weight, deducting making charges, thus securing the day's gold rates.
Gold Certification:
Gold's purity in Raipur is certified by the Bureau of Indian Standards, with 916 gold indicating 91.6% purity, also known as 22K gold.
Manufacturing Charges:
The cost of jewelry in Raipur often exceeds the day's 916 gold rate due to additional making charges. The overall price can be estimated by calculating the gold's weight in grams multiplied by the 22-carat rate in Raipur, adding making charges (approximately 10 to 20% of Raipur's current gold rate), plus GST at 3% based on today's 916 gold rate.
FAQs on Gold Rates in Raipr
What is the current live gold rate in Raipur?
The live gold rate in Raipur fluctuates daily; check the latest rate on reputable financial websites or local jeweler shops.
How frequently do gold prices change in Raipur?
Gold prices in Raipur can change multiple times a day, reflecting global market conditions.
What factors influence the gold rate in Raipur?
Factors include international gold market trends, currency exchange rates, demand and supply dynamics, and local market conditions.
Where can I find the most accurate gold rates in Raipur?
Accurate gold rates can be found on financial news platforms, gold trading websites, or by visiting reputable jewelers in Raipur.
Are there differences in gold rates for different purities in Raipur?
Yes, gold rates in Raipur vary based on purity, with 24K gold being the highest-priced, followed by 22K, 18K, and so on.
What is the current live gold rate in Raipur?
The live gold rate in Raipur fluctuates daily; check the latest rate on reputable financial websites or local jeweler shops.
How frequently do gold prices change in Raipur?
Gold prices in Raipur can change multiple times a day, reflecting global market conditions.
What factors influence the gold rate in Raipur?
Factors include international gold market trends, currency exchange rates, demand and supply dynamics, and local market conditions.
Where can I find the most accurate gold rates in Raipur?
Accurate gold rates can be found on financial news platforms, gold trading websites, or by visiting reputable jewelers in Raipur.
Are there differences in gold rates for different purities in Raipur?
Yes, gold rates in Raipur vary based on purity, with 24K gold being the highest-priced, followed by 22K, 18K, and so on.
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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