Gold rates in Uttarakhand
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%)
Uttarakhand, established in the year 2000 as one of India's newest states, made a significant discovery in 2017 when the Geological Survey of India identified gold deposits in the Rudraprayag district.
This finding is particularly noteworthy given the scarcity of gold mines in the country. Adding to the state's gold industry prominence, one of the leading gold brands operates a large 5-acre factory in Pantnagar's industrial area.
In Uttarakhand, traditional jewelry often features gold and gems, reflecting cultural values similar to its neighbor, Uttar Pradesh. In both states, weddings are traditionally adorned with gold jewelry, symbolizing not just auspiciousness but also a means of securing one's future.
Gold also plays a critical role in financial strategies in the state, as indicated by a rural bank in Uttarakhand, where it is frequently used as collateral for loans during financial hardships.
As times evolve, gold has solidified its status as a stable investment option nationwide. Consequently, financial consultants and advisors often advocate for including assets like silver and gold in investment portfolios to minimize overall risk. However, thorough research and understanding are essential before making gold investments.
Uttarakhand, established in the year 2000 as one of India's newest states, made a significant discovery in 2017 when the Geological Survey of India identified gold deposits in the Rudraprayag district.
This finding is particularly noteworthy given the scarcity of gold mines in the country. Adding to the state's gold industry prominence, one of the leading gold brands operates a large 5-acre factory in Pantnagar's industrial area.
In Uttarakhand, traditional jewelry often features gold and gems, reflecting cultural values similar to its neighbor, Uttar Pradesh. In both states, weddings are traditionally adorned with gold jewelry, symbolizing not just auspiciousness but also a means of securing one's future.
Gold also plays a critical role in financial strategies in the state, as indicated by a rural bank in Uttarakhand, where it is frequently used as collateral for loans during financial hardships.
As times evolve, gold has solidified its status as a stable investment option nationwide. Consequently, financial consultants and advisors often advocate for including assets like silver and gold in investment portfolios to minimize overall risk. However, thorough research and understanding are essential before making gold investments.
24K Gold Rates Per Gram in Uttarkhand
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
24K Gold Rates Per Gram in Uttarkhand
24K Gold Rates Per Gram in Uttarkhand
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
24K Gold Rates Per Gram in Uttarkhand
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 Uttarakhand
Influences on Gold Prices in Uttarakhand
Central Bank Gold Reserves:
The Reserve Bank of India (RBI) manages the nation's gold reserves. When the RBI increases its gold holdings, the price of gold typically rises due to more money circulating in the market and a reduced supply of gold.
Impact of Inflation:
Gold is often seen as a hedge against inflation due to its value retention. High inflation usually leads to increased gold demand, thereby driving up prices, and the reverse is true during periods of low inflation.
Jewellery Market Dynamics:
Gold rates tend to spike during festive times like Diwali, Akshaya Tritiya, and wedding seasons because of heightened demand. This demand-supply imbalance often results in higher gold prices.
Global Market Trends:
International changes and movements in gold rates also significantly affect the prices in Uttarakhand.
Interest Rate Trends:
Rising interest rates can lead to more gold being sold for cash, increasing its market supply and potentially lowering its price. Conversely, lower interest rates result in higher disposable income, boosting gold demand and consequently its price.
Influences on Gold Prices in Uttarakhand
Central Bank Gold Reserves:
The Reserve Bank of India (RBI) manages the nation's gold reserves. When the RBI increases its gold holdings, the price of gold typically rises due to more money circulating in the market and a reduced supply of gold.
Impact of Inflation:
Gold is often seen as a hedge against inflation due to its value retention. High inflation usually leads to increased gold demand, thereby driving up prices, and the reverse is true during periods of low inflation.
Jewellery Market Dynamics:
Gold rates tend to spike during festive times like Diwali, Akshaya Tritiya, and wedding seasons because of heightened demand. This demand-supply imbalance often results in higher gold prices.
Global Market Trends:
International changes and movements in gold rates also significantly affect the prices in Uttarakhand.
Interest Rate Trends:
Rising interest rates can lead to more gold being sold for cash, increasing its market supply and potentially lowering its price. Conversely, lower interest rates result in higher disposable income, boosting gold demand and consequently its price.
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 Uttarakhand?
Assessment of Gold Purity and Rates in Uttarakhand
Uttarakhand, the assessment of gold rates and purity adheres to the norms set by the Indian Bullion Association. Gold dealers in the state are required to hallmark their products, a practice that ensures the purity of the gold is accurately represented.
The gold prices in Uttarakhand are influenced by the trends in the international market. Given India's limited contribution to gold mining, the impact of global market fluctuations on Uttarakhand's local gold prices is less pronounced.
However, the global market scene, encompassing various events and trends worldwide, still plays a significant role in the gold market. These international factors greatly influence the purchasing ability of gold importers and the wider population, not only in Uttarakhand but across the entire country.
Assessment of Gold Purity and Rates in Uttarakhand
Uttarakhand, the assessment of gold rates and purity adheres to the norms set by the Indian Bullion Association. Gold dealers in the state are required to hallmark their products, a practice that ensures the purity of the gold is accurately represented.
The gold prices in Uttarakhand are influenced by the trends in the international market. Given India's limited contribution to gold mining, the impact of global market fluctuations on Uttarakhand's local gold prices is less pronounced.
However, the global market scene, encompassing various events and trends worldwide, still plays a significant role in the gold market. These international factors greatly influence the purchasing ability of gold importers and the wider population, not only in Uttarakhand but across the entire country.
Necessary Documentation for Gold Investment in Uttarakhand
Documentation Needed for Gold Investment in Madhya Pradesh
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 Madhya Pradesh
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 Uttarakhand
Guidelines for Purchasing Gold in Uttarakhand
To safeguard your investment, here are key points to consider before investing in gold:
Purity, Hallmark, and BIS Certification:
Verifying these aspects is crucial. Typically, the hallmark includes details such as the BIS rating and the company's logo. The BIS rating is an official certification of the gold’s purity, whether it be 24K, 22K, or 18K.
Daily Gold Rates:
Gold prices fluctuate daily and can vary by location. In Uttarakhand, the day's gold rate might differ even among different jewelers. Stock market traders should follow live rates, while jewelry buyers should refer to the rates from the Indian Bullion and Jewellers Association (IBJA). Digital gold investments should be based on the declared daily rate per gram in Uttarakhand.
Hidden Costs in Gold Jewelry Purchases:
Be mindful of hidden costs in gold jewelry, such as making charges (ranging from 7 to 25%), the rates for stones and alloys (which usually do not yield returns), GST at 3%, and storage costs, including insurance.
Buy-Back Conditions:
Understanding the buy-back rates is essential for maximizing returns. Jewelers may offer buy-back at the current rates, deducting the weight of any stones, or offer a gram-to-gram exchange. Be aware that white and rose gold, due to higher processing charges, may carry a higher purchase price and affect the selling price.
Guidelines for Purchasing Gold in Uttarakhand
To safeguard your investment, here are key points to consider before investing in gold:
Purity, Hallmark, and BIS Certification:
Verifying these aspects is crucial. Typically, the hallmark includes details such as the BIS rating and the company's logo. The BIS rating is an official certification of the gold’s purity, whether it be 24K, 22K, or 18K.
Daily Gold Rates:
Gold prices fluctuate daily and can vary by location. In Uttarakhand, the day's gold rate might differ even among different jewelers. Stock market traders should follow live rates, while jewelry buyers should refer to the rates from the Indian Bullion and Jewellers Association (IBJA). Digital gold investments should be based on the declared daily rate per gram in Uttarakhand.
Hidden Costs in Gold Jewelry Purchases:
Be mindful of hidden costs in gold jewelry, such as making charges (ranging from 7 to 25%), the rates for stones and alloys (which usually do not yield returns), GST at 3%, and storage costs, including insurance.
Buy-Back Conditions:
Understanding the buy-back rates is essential for maximizing returns. Jewelers may offer buy-back at the current rates, deducting the weight of any stones, or offer a gram-to-gram exchange. Be aware that white and rose gold, due to higher processing charges, may carry a higher purchase price and affect the selling price.
FAQs on Gold Rates in Uttarakhand
Where can I find the current live gold prices in Bihar?
You can access live gold prices in Bihar on financial news websites, through gold price tracking apps, and at local jewelry stores.
What causes the daily fluctuations in gold prices in Bihar?
The daily changes in gold prices in Bihar are influenced by global market trends, local demand-supply dynamics, and currency exchange rates.
Do gold prices in Bihar increase during the festive and wedding seasons?
Yes, gold prices in Bihar typically rise during festive seasons and weddings due to increased demand.
How do international market trends affect gold prices in Bihar?
International market trends, including shifts in global demand for gold and currency valuation changes, significantly impact gold prices in Bihar.
Are the gold prices in Bihar updated frequently throughout the day?
Yes, gold prices in Bihar are regularly updated to reflect the latest market conditions and trends.
Where can I find the current live gold prices in Bihar?
You can access live gold prices in Bihar on financial news websites, through gold price tracking apps, and at local jewelry stores.
What causes the daily fluctuations in gold prices in Bihar?
The daily changes in gold prices in Bihar are influenced by global market trends, local demand-supply dynamics, and currency exchange rates.
Do gold prices in Bihar increase during the festive and wedding seasons?
Yes, gold prices in Bihar typically rise during festive seasons and weddings due to increased demand.
How do international market trends affect gold prices in Bihar?
International market trends, including shifts in global demand for gold and currency valuation changes, significantly impact gold prices in Bihar.
Are the gold prices in Bihar updated frequently throughout the day?
Yes, gold prices in Bihar are regularly updated to reflect the latest market conditions and trends.
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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