Gold Rates in Telangana
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 remains a highly preferred option in Telangana, known for its straightforwardness and reliability as an investment. The longer the gold is retained, the greater the likelihood of achieving a more substantial return upon sale. It's important to note that in today's era, investment in gold extends beyond physical gold.
Investors now have access to a range of innovative and convenient ways to invest in gold, which include Exchange-Traded Funds (ETFs), mutual funds specializing in gold, stocks of companies involved in gold mining, derivatives based on gold prices, and digital gold platforms.
These modern investment vehicles offer enhanced flexibility and diversification, catering to different risk profiles and investment strategies. They allow investors to benefit from the gold market's dynamics without the need for physical storage, providing a contemporary twist to traditional gold investments.
This diversification and ease of investment make gold an attractive option for both seasoned and novice investors, solidifying its status as a cornerstone of investment portfolios in Telangana.
Investing in gold remains a highly preferred option in Telangana, known for its straightforwardness and reliability as an investment. The longer the gold is retained, the greater the likelihood of achieving a more substantial return upon sale. It's important to note that in today's era, investment in gold extends beyond physical gold.
Investors now have access to a range of innovative and convenient ways to invest in gold, which include Exchange-Traded Funds (ETFs), mutual funds specializing in gold, stocks of companies involved in gold mining, derivatives based on gold prices, and digital gold platforms.
These modern investment vehicles offer enhanced flexibility and diversification, catering to different risk profiles and investment strategies. They allow investors to benefit from the gold market's dynamics without the need for physical storage, providing a contemporary twist to traditional gold investments.
This diversification and ease of investment make gold an attractive option for both seasoned and novice investors, solidifying its status as a cornerstone of investment portfolios in Telangana.
24K Gold Rates Per Gram in Telangana
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 Telangana
24K Gold Rates Per Gram in Telangana
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 Telangana
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 Telangana
Determinants of Gold Prices in Telangana
Government Gold Reserves
The Reserve Bank of India (RBI) manages the government's gold reserves. An increase in gold purchases by the RBI can drive up gold prices due to heightened cash flow in the market and a reduced gold supply.
Inflation Impact
Gold, often compared to currency for its value retention, is a popular hedge against inflation. High inflation typically boosts gold demand, leading to higher prices, and the reverse is true during low inflation periods.
Jewellery Market Demand
Gold rates tend to spike during festival seasons like Diwali and Akshaya Tritiya, as well as wedding seasons, due to heightened demand. This increased demand, coupled with supply constraints, often results in higher gold prices.
Global Market Influence
International trends and movements in gold rates also significantly impact the price of gold in Telangana.
Interest Rate Trends
Higher interest rates usually encourage people to sell gold for cash, increasing the market supply of gold and potentially lowering its price. Conversely, lower interest rates mean more disposable income, leading to increased gold demand and higher prices.
Determinants of Gold Prices in Telangana
Government Gold Reserves
The Reserve Bank of India (RBI) manages the government's gold reserves. An increase in gold purchases by the RBI can drive up gold prices due to heightened cash flow in the market and a reduced gold supply.
Inflation Impact
Gold, often compared to currency for its value retention, is a popular hedge against inflation. High inflation typically boosts gold demand, leading to higher prices, and the reverse is true during low inflation periods.
Jewellery Market Demand
Gold rates tend to spike during festival seasons like Diwali and Akshaya Tritiya, as well as wedding seasons, due to heightened demand. This increased demand, coupled with supply constraints, often results in higher gold prices.
Global Market Influence
International trends and movements in gold rates also significantly impact the price of gold in Telangana.
Interest Rate Trends
Higher interest rates usually encourage people to sell gold for cash, increasing the market supply of gold and potentially lowering its price. Conversely, lower interest rates mean more disposable income, leading to increased gold demand and higher 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 Telangana?
In Telangana, the gold rate and its purity are assessed by the Indian Bullion Association. Dealers are required to include a hallmark symbol, signifying the purity, on all gold products.
While the gold price in Telangana, as in other locations, is subject to the influences of the global stock market, India's position as a non-gold mining country means it is less directly affected by market fluctuations.
However, international factors still play a significant role in shaping the buying power of both gold importers and the general population in India.
In Telangana, the gold rate and its purity are assessed by the Indian Bullion Association. Dealers are required to include a hallmark symbol, signifying the purity, on all gold products.
While the gold price in Telangana, as in other locations, is subject to the influences of the global stock market, India's position as a non-gold mining country means it is less directly affected by market fluctuations.
However, international factors still play a significant role in shaping the buying power of both gold importers and the general population in India.
Necessary Documentation for Gold Investment in Telangana
Required Documentation for Gold Investment
When investing an amount of Rs. 2 lakhs or more in gold, it is necessary to provide your PAN Card and proof of address.
To invest in Exchange-Traded Funds (ETFs), opening both a brokerage account and a Demat account with the ETF provider is required.
Investing in Sovereign Gold Bonds (SGBs) and digital gold involves minimal paperwork and does not require a Demat account.
For investments in gold-based mutual funds, setting up a brokerage account along with a Demat account is essential.
Required Documentation for Gold Investment
When investing an amount of Rs. 2 lakhs or more in gold, it is necessary to provide your PAN Card and proof of address.
To invest in Exchange-Traded Funds (ETFs), opening both a brokerage account and a Demat account with the ETF provider is required.
Investing in Sovereign Gold Bonds (SGBs) and digital gold involves minimal paperwork and does not require a Demat account.
For investments in gold-based mutual funds, setting up a brokerage account along with a Demat account is essential.
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 Telangana
When you're in the market for gold jewelry, here are the key things to verify:
BIS Certification: The Bureau of Indian Standards (BIS) verifies gold purity. For instance, 916 gold indicates that there are 91.6 grams of pure gold per 100 grams.
Hallmark Certification: This certificate details the gold's quality, including the BIS mark, jeweler's mark, caratage, and year of manufacture.
Caratage: 24K gold is 99.9% pure and represents the highest purity available. Lower purity levels, like 22K, 18K, 10K, or 14K gold, result from gold being mixed with other metals like copper.
Daily Gold Rates: Gold prices fluctuate and can vary across different locations. Jewelers typically base their prices on the daily rates from the Indian Bullion and Jewellers Association (IBJA) and add their margin. Stock exchange live prices and digital transaction rates may differ. Remember to also check alloy rates, as they don’t fetch returns.
Buy-Back Terms: Understand the store's buy-back terms, such as whether they offer an exchange based on weight or buy-back at the current gold rate in Telangana.
Making and Wastage Charges: The final price of gold jewelry often includes making charges, which can increase the cost by 7 to 25%. These charges are added to the current gold rate per gram in Telangana to determine the final price.
When you're in the market for gold jewelry, here are the key things to verify:
BIS Certification: The Bureau of Indian Standards (BIS) verifies gold purity. For instance, 916 gold indicates that there are 91.6 grams of pure gold per 100 grams.
Hallmark Certification: This certificate details the gold's quality, including the BIS mark, jeweler's mark, caratage, and year of manufacture.
Caratage: 24K gold is 99.9% pure and represents the highest purity available. Lower purity levels, like 22K, 18K, 10K, or 14K gold, result from gold being mixed with other metals like copper.
Daily Gold Rates: Gold prices fluctuate and can vary across different locations. Jewelers typically base their prices on the daily rates from the Indian Bullion and Jewellers Association (IBJA) and add their margin. Stock exchange live prices and digital transaction rates may differ. Remember to also check alloy rates, as they don’t fetch returns.
Buy-Back Terms: Understand the store's buy-back terms, such as whether they offer an exchange based on weight or buy-back at the current gold rate in Telangana.
Making and Wastage Charges: The final price of gold jewelry often includes making charges, which can increase the cost by 7 to 25%. These charges are added to the current gold rate per gram in Telangana to determine the final price.
FAQs on Gold Rates in Telangana
Where can I check the live gold rates in Telangana?
Live gold rates in Telangana can be accessed through financial news websites, mobile apps dedicated to tracking gold prices, or local jewelry stores.
Why do gold prices fluctuate daily in Telangana?
Daily fluctuations in gold prices in Telangana are due to factors like global market trends, currency exchange rates, and local demand-supply dynamics.
Do gold rates in Telangana vary during festival seasons?
Yes, gold rates in Telangana often increase during festival seasons due to higher demand.
How does the USD-INR exchange rate affect gold prices in Telangana?
A fluctuating USD-INR exchange rate impacts the cost of gold imports, thereby influencing gold prices in Telangana.
Can global events affect gold rates in Telangana?
Yes, global events and market movements can significantly impact gold rates in Telangana.
Where can I check the live gold rates in Telangana?
Live gold rates in Telangana can be accessed through financial news websites, mobile apps dedicated to tracking gold prices, or local jewelry stores.
Why do gold prices fluctuate daily in Telangana?
Daily fluctuations in gold prices in Telangana are due to factors like global market trends, currency exchange rates, and local demand-supply dynamics.
Do gold rates in Telangana vary during festival seasons?
Yes, gold rates in Telangana often increase during festival seasons due to higher demand.
How does the USD-INR exchange rate affect gold prices in Telangana?
A fluctuating USD-INR exchange rate impacts the cost of gold imports, thereby influencing gold prices in Telangana.
Can global events affect gold rates in Telangana?
Yes, global events and market movements can significantly impact gold rates in Telangana.
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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