Gold rates in Tripura
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%)
A landlocked state situated in the northeastern region of India, Tripura is often referred to as one of the seven sisters among the Northeastern states. With a population comprising approximately 19 distinct tribes, this hilly state boasts a culturally diverse heritage that venerates gold as a symbol of wealth and prosperity.
A prominent celebration in the state is Laxmi Puja, where the deity is often depicted holding gold coins in her hand. Key urban centers in Tripura include Dharmanagar, Kailashahar, Bishalgarh, Teliamura, Khovai, and the capital city of Agartala.
According to a prominent rural bank operating in Tripura, gold loans are among the most sought-after financial services by the local populace.
Gold stands out as the premier investment choice among various metals. It possesses unique attributes such as the ability to beat inflation and high liquidity, making it an appealing option for investors.
Hence, let's delve into the reasons that make gold an exceptional investment choice, especially in the context of the current gold rate in Tripura.
A landlocked state situated in the northeastern region of India, Tripura is often referred to as one of the seven sisters among the Northeastern states. With a population comprising approximately 19 distinct tribes, this hilly state boasts a culturally diverse heritage that venerates gold as a symbol of wealth and prosperity.
A prominent celebration in the state is Laxmi Puja, where the deity is often depicted holding gold coins in her hand. Key urban centers in Tripura include Dharmanagar, Kailashahar, Bishalgarh, Teliamura, Khovai, and the capital city of Agartala.
According to a prominent rural bank operating in Tripura, gold loans are among the most sought-after financial services by the local populace.
Gold stands out as the premier investment choice among various metals. It possesses unique attributes such as the ability to beat inflation and high liquidity, making it an appealing option for investors.
Hence, let's delve into the reasons that make gold an exceptional investment choice, especially in the context of the current gold rate in Tripura.
24K Gold Rates Per Gram in Tripura
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 Tripura
24K Gold Rates Per Gram in Tripura
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 Tripura
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 Tripura
Factors Influencing Gold Prices in Tripura
Several key factors play a pivotal role in determining the price of gold:
Government Gold Reserves
The Reserve Bank of India (RBI) manages the government's gold reserves. When RBI acquires more gold, it injects additional funds into the market, reducing the overall supply of gold and causing gold prices to rise.
Inflation
Gold is often viewed as a hedge against inflation since it holds significant intrinsic value. During periods of high inflation, the demand for gold typically surges, leading to an increase in its price. Conversely, lower inflation tends to decrease gold demand and prices.
Jewellery Market
Festive occasions like Diwali, Akshaya Tritiya, and wedding seasons witness heightened demand for gold jewellery. This surge in demand during such periods can create a supply-demand imbalance, resulting in higher gold prices.
Global Market Movements
The global gold market is sensitive to international developments and fluctuations in the global gold price. Any significant changes in the global gold rate can have a direct impact on gold prices in Tripura.
Interest Rate Trends
Interest rates have a notable influence on gold prices. When interest rates rise, individuals may be more inclined to sell their gold holdings to access cash, leading to increased supply and lower gold prices. Conversely, lower interest rates can boost consumer spending and drive up gold demand, causing prices to rise.
Factors Influencing Gold Prices in Tripura
Several key factors play a pivotal role in determining the price of gold:
Government Gold Reserves
The Reserve Bank of India (RBI) manages the government's gold reserves. When RBI acquires more gold, it injects additional funds into the market, reducing the overall supply of gold and causing gold prices to rise.
Inflation
Gold is often viewed as a hedge against inflation since it holds significant intrinsic value. During periods of high inflation, the demand for gold typically surges, leading to an increase in its price. Conversely, lower inflation tends to decrease gold demand and prices.
Jewellery Market
Festive occasions like Diwali, Akshaya Tritiya, and wedding seasons witness heightened demand for gold jewellery. This surge in demand during such periods can create a supply-demand imbalance, resulting in higher gold prices.
Global Market Movements
The global gold market is sensitive to international developments and fluctuations in the global gold price. Any significant changes in the global gold rate can have a direct impact on gold prices in Tripura.
Interest Rate Trends
Interest rates have a notable influence on gold prices. When interest rates rise, individuals may be more inclined to sell their gold holdings to access cash, leading to increased supply and lower gold prices. Conversely, lower interest rates can boost consumer spending and drive up gold demand, causing prices to rise.
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 Tripura?
Assessment of Gold Purity and Price Determination in Tripura
In the context of Tripura, the rigorous process of evaluating gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines set forth by the Indian Bullion Association.
As an integral component of this meticulous procedure, gold vendors operating across the state are mandated to affix hallmark certifications to their products.
This requirement ensures an exceptionally precise representation of the gold's purity level, introducing a valuable layer of transparency into Tripura's gold market.
It is imperative to acknowledge that the pricing of gold within the borders of Tripura remains significantly influenced by the ever-shifting dynamics of the international market.
While Tripura may not wield 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 Tripura 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.
Assessment of Gold Purity and Price Determination in Tripura
In the context of Tripura, the rigorous process of evaluating gold purity and subsequently determining its price strictly adheres to the comprehensive guidelines set forth by the Indian Bullion Association.
As an integral component of this meticulous procedure, gold vendors operating across the state are mandated to affix hallmark certifications to their products.
This requirement ensures an exceptionally precise representation of the gold's purity level, introducing a valuable layer of transparency into Tripura's gold market.
It is imperative to acknowledge that the pricing of gold within the borders of Tripura remains significantly influenced by the ever-shifting dynamics of the international market.
While Tripura may not wield 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 Tripura 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 Tripura
Documentation Needed for Gold Investment in Tripura
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 Tripura
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 Tripura
Crucial Considerations When Purchasing Gold Jewellery
Given that gold jewelry is one of the most prevalent forms of investment nationwide, it is imperative to bear certain factors in mind before allocating your hard-earned funds to this asset:
Verify the Purity Levels:
The highest purity gold, 24K, is the most expensive variant, with its purity certified by the hallmark. This hallmark includes the jeweler's logo, fineness, BIS (Bureau of Indian Standards) mark, year of manufacture, and more. The BIS mark authenticates the actual gold purity per 100 grams of pure gold, directly impacting the price you pay for ornaments, typically aligned with the prevailing 22-carat gold rate in Tripura today.
Monitor Daily Gold Rates:
It is crucial to stay updated with the daily gold rates, especially for 22K gold in Tripura, along with other purity levels, as they fluctuate daily. Each day, IBJA initiates the trading session by announcing the gold price for that day. Local gold associations take these rates into account to determine the gold prices in Tripura. When purchasing 18K ornaments, ensure they align with the 18-carat gold rate in Tripura today, possibly with a slight markup.
Prudent Selling Practices:
In Tripura, gold is typically acquired with great care and often regarded as heirlooms passed down through generations. Therefore, consider selling only when necessary, and if you do decide to sell, preferably return to the same store from which you made the purchase. Alternatively, explore the option of gram-to-gram exchange for your gold, allowing you to acquire the latest designs at the prevailing gold rate today in Tripura.
Scrutinize Wastage and Making Charges:
Most jewelers impose making charges to cover the labor expenses associated with crafting jewelry. These making charges are typically based on the current or today's gold rate in Tripura (916), often supplemented with an additional fee ranging from 7% to 25%, contingent upon the design intricacy. It's important to note that factory-made designs tend to be more cost-effective than unique, intricately crafted pieces.
Crucial Considerations When Purchasing Gold Jewellery
Given that gold jewelry is one of the most prevalent forms of investment nationwide, it is imperative to bear certain factors in mind before allocating your hard-earned funds to this asset:
Verify the Purity Levels:
The highest purity gold, 24K, is the most expensive variant, with its purity certified by the hallmark. This hallmark includes the jeweler's logo, fineness, BIS (Bureau of Indian Standards) mark, year of manufacture, and more. The BIS mark authenticates the actual gold purity per 100 grams of pure gold, directly impacting the price you pay for ornaments, typically aligned with the prevailing 22-carat gold rate in Tripura today.
Monitor Daily Gold Rates:
It is crucial to stay updated with the daily gold rates, especially for 22K gold in Tripura, along with other purity levels, as they fluctuate daily. Each day, IBJA initiates the trading session by announcing the gold price for that day. Local gold associations take these rates into account to determine the gold prices in Tripura. When purchasing 18K ornaments, ensure they align with the 18-carat gold rate in Tripura today, possibly with a slight markup.
Prudent Selling Practices:
In Tripura, gold is typically acquired with great care and often regarded as heirlooms passed down through generations. Therefore, consider selling only when necessary, and if you do decide to sell, preferably return to the same store from which you made the purchase. Alternatively, explore the option of gram-to-gram exchange for your gold, allowing you to acquire the latest designs at the prevailing gold rate today in Tripura.
Scrutinize Wastage and Making Charges:
Most jewelers impose making charges to cover the labor expenses associated with crafting jewelry. These making charges are typically based on the current or today's gold rate in Tripura (916), often supplemented with an additional fee ranging from 7% to 25%, contingent upon the design intricacy. It's important to note that factory-made designs tend to be more cost-effective than unique, intricately crafted pieces.
FAQs on Gold Rates in Tripura
What are the factors that influence the daily gold rates in Tripura?
Answer: Gold rates are influenced by various factors including international market dynamics, government gold reserves, inflation, demand during festivals, and global economic trends.
Where can I check the current gold rates in Tripura?
Answer: You can check the current gold rates in Tripura at local jeweler shops, financial news websites, or through dedicated mobile apps that provide real-time updates.
What is the significance of hallmark certification when buying gold in Tripura?
Answer: Hallmark certification ensures the purity and authenticity of gold. It includes details such as the jeweler's logo, fineness, BIS mark, and year of manufacture, providing buyers with confidence in the gold's quality.
How often do gold rates change during the day in Tripura?
Answer: Gold rates can fluctuate throughout the day based on various factors. It's advisable to stay updated by checking gold rates periodically, especially if you plan to make a purchase or investment.
What should I consider when selling gold jewelry in Tripura?
Answer: When selling gold jewelry in Tripura, consider the prevailing gold rate, making charges, wastage charges, and buy-back terms offered by jewelers to maximize your returns.
What are the factors that influence the daily gold rates in Tripura?
Answer: Gold rates are influenced by various factors including international market dynamics, government gold reserves, inflation, demand during festivals, and global economic trends.
Where can I check the current gold rates in Tripura?
Answer: You can check the current gold rates in Tripura at local jeweler shops, financial news websites, or through dedicated mobile apps that provide real-time updates.
What is the significance of hallmark certification when buying gold in Tripura?
Answer: Hallmark certification ensures the purity and authenticity of gold. It includes details such as the jeweler's logo, fineness, BIS mark, and year of manufacture, providing buyers with confidence in the gold's quality.
How often do gold rates change during the day in Tripura?
Answer: Gold rates can fluctuate throughout the day based on various factors. It's advisable to stay updated by checking gold rates periodically, especially if you plan to make a purchase or investment.
What should I consider when selling gold jewelry in Tripura?
Answer: When selling gold jewelry in Tripura, consider the prevailing gold rate, making charges, wastage charges, and buy-back terms offered by jewelers to maximize your returns.
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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