
Today Gold Rate in Gurgaon is Rs. 0.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Today Gold Rate in Gurgaon is Rs. 0.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Gurgaon or Gurugram is among the most economically developed cities in the state of Haryana. Presently, it is also one of the cities earning top per capita income across the country. People in Gurgaon prefer to buy gold ornaments, coins or digital gold as an investment. Gold Rates in Gurgaon tend to change on a daily basis and are specifically influenced by certain factors including local demand, US Dollar-Rupee equation, political and economic factors etc. An in-depth analysis of the gold rate in Gurgaon is mentioned below-
Trend of Gold Rate in Gurgaon for last 10 days
Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai
Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur
The fluctuation in gold rates in Gurugram as well as the whole country is due to the presence of certain important factors. Some of the contributing factors are listed below:
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Across the world, the Gold Rate is decided by the London bullion association and IBA publishes the gold prices in US dollars which serves as a benchmark worldwide for bankers and bullion traders.
In India, the Indian Bullion Jewellers Association (IBJA) takes the international price of the gold as a base and adds import duty and other applicable taxes to determine the price of gold. IBJA includes gold dealers and sellers who decide the gold rate today by taking average of the ‘buy’ and ‘sell’ quotes provided by the well-known jewellers.
With the implementation of Goods and Services Tax (GST) in July 2017, 1.2% VAT and excise duty of 1% has been replaced with 3% GST. However apart from 3% GST levied, you will be required to pay taxes on processing charges and customs duty that remain unchanged at 5% and 10%, respectively.
In case you wish to purchase gold in Gurgaon, there are certain factors that should be kept in mind-
Gold’s purity is measured through a unit known as ‘Karat’ Or ‘Carat’. High karat value implies high purity in gold and vice-versa. Gold is available in different varieties in terms of their karat value.
24 Carat (24K) Gold
It is the purest form of gold and hence its price is higher than 22 Karat or 18 Karat gold. This variety of gold is best for investment purposes and in the making of coins, bars, medical devices and electronics.
22 Carat (22K) Gold
22K gold jewellery has 22 parts of gold mixed with the 2 parts of other metals such as nickel. It is also known as ‘916 gold’ because it includes 91.67% of pure gold. It is harder than 24K gold as it has other metals mixed with it, which makes it less malleable and more appropriate to craft gold jewellery.
18 Carat (18K) Gold
It has 75% gold mixed with 25% other metals. Studded gold jewelleries and other diamond jewelleries are usually made in 18 Karat gold. In comparison with both 24K and 22K varieties of gold, this kind of gold comes with the lowest gold rate price tag.
Due to the appreciation in price, gold is a major investment opportunity to avoid the adverse effects of political and economic turmoil in domestic and international scenarios. To protect your interests, buy gold through the following avenues present in Gurgaon:
Jewellery Shops
Gurgaon has innumerable shops where gold ornaments are traded over the counter. Along with ornaments, coins and other forms of physical gold are bought and sold here. Certification regarding the authenticity and quality of gold is available in these shops. The quality is expressed in terms of Hallmark standards as well as ‘Karat’ in Gurgaon.
Online Trading
Digital Gold is a new way to invest in gold. There are many online portals available to trade in gold. These portals offer 24K gold and allow you to buy it in fractions. Buyers can hold gold without worrying about storage costs.
Trading Gold in Stock Market
You can buy and sell gold in the electronic form where holding physical gold is not required. Different gold funds and Gold Equity Traded Funds are excellent ways to invest in gold through a Demat account and at the convenience of one’s home.
One can invest in gold online via- Digital Gold or E-gold or Gold saving schemes offered by jeweller.
Through the given formula, you can calculate the final price of their gold jewellery-
Final Price of the Jewellery: Price of the gold(22/18/14 karat)* Weight(in grams)+ Making Charges+GST at 3% on the price of (Jewellery Making charges).
Daily gold rate is calculated without taking GST into consideration. GST is charged when you are doing a transaction or purchase something. It is the final price of jewellery which includes GST.
Gold is resistant to tarnish, rust and even corrosion as it is one of the least reactive metals.