
Today Gold Rate in Jaipur is Rs. 0.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Today Gold Rate in Jaipur is Rs. 0.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Jaipur is the capital city of the state of Rajasthan and the tenth-most populous city in India. Owing to its population and rich heritage, people of Jaipur consume a good amount of gold both as an asset and as an investment.Jaipur accounts for a significant part of the gold transactions in India. Gold buyers in the city invest in gold as well as purchase it in the form of jewelry. Comparison for gold rate is a must before you purchase gold in any form.
Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai
Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur
With the introduction of the GST (Good and services tax), excise duty and VAT has been replaced with the GST of 3% on the total price of gold including making charges.
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Our country majorly depends on gold imports to meet its existing gold demand. Thus, we take the base price decided by the London Bullion Market Association (LBMA). IBA (ICE Benchmark Administration) publishes the LBMA gold price in US dollars twice daily at 10:30 AM and 3:00 PM UK Time which serves as a benchmark price for gold producers, investors and central banks worldwide.
In India, the Indian Bullion Jewellers Association (IBJA) takes the international price of the gold as a base and adds applicable taxes. Afterwards, an organization of bullion dealers across India decides at which rate the gold will be sold to retailers.
You can invest in gold in various forms- Gold ETF, Sovereign gold bonds or physical gold. Here is the comparison
Parameters | Physical Gold | Gold ETF | Sovereign Gold Bond |
Invest Via | Can be bought from jeweller shop or e-commerce website | Can be purchased through stock exchanges | Banks, post offices, Stock holding corporation of India |
Investment Limit | No limit as such | 1 gram-No limit | 1 gram-4 Kg |
Availability | Can be bought from anywhere, anytime | Can invest anytime just like stock | Available in batches around the year |
Safety | Higher risk of theft, burglary | Backed by equivalent physical gold | Sovereign guarantee |
Purity of gold | Purity check can be a concern | High as it is held in electronic form | High as it is held in electronic form |
Collateral for loan | Yes | No | Yes |
Lock in period | No | No | 8 years with an exit option available after 5th year |
Tax | Capital gain tax @20% post indexation, after 3 years | Capital gain tax @20% post indexation, after 3 years | Exempted if you keep it for 8 years |
To ensure you are not cheated when purchasing gold, BIS (the governing body which certifies purity) has listed down the components which one should look at when examining gold jewellery. All these components can be found in the laser engraving of a hallmark seal.
For Gold Jewellery
14K | 58.5% Purity | 14K585 |
18K | 75% Purity | 18K750 |
22K | 91.6% Purity | 22K916 |
For Gold Coins
Note:
Important Aspects
Consumer should know the following aspects before buying gold in Jaipur:
In case of financial emergency, one can use their gold jewellery/coins to get instant cash from either banks or NBFCs such as Muthoot, Manappuram, etc. All one needs to do is take the gold you are ready to pledge and the executive over there will let you know the loan amount you are eligible to get. In return, you need to pay the interest on your loan amount and until then your gold will be kept safe with the bank.
These are exchange-traded funds which invest in physical gold and can be brought/sold on exchanges. Since the units are listed on a stock exchange, one needs a demat account prior to investing. It is similar to buying an equivalent sum of physical gold but minus the hassle that comes with keeping it. Moreover, the expenses incurred in buying and selling Gold ETF are much lower if compared with physical gold.
SGBs or Sovereign gold bonds are government securities issued by the Reserve bank of India. They are issued in multiples of 1 gm of gold and maximum one can invest is 4 kg, in case of an individual. If storing gold is an issue and you do not want to get into other gold investment avenues such as Gold MF, Gold ETF, then sovereign gold bonds will be your best bet. Some of the salient features of these bonds are:
Yes, it is certainly safe to invest in gold through Paytm. However, one should know that mobile applications such as Paytm, Freecharge allow you to accumulate gold in their digi wallet; you do not earn any interest.