
Today Gold Rate in Nagpur is Rs. 50,330.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Today Gold Rate in Nagpur is Rs. 50,330.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
With increasing graph of education and awareness in Nagpur, people have started seeing gold as a high-value investment option. Gold is the most reliable form of investment, specifically in the time of economic and financial crisis. The gold rate in Nagpur city changes every day depending upon a number of factors including demand and supply of the metal, international currency movement etc.
Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai
Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur
As India is not a producer but a consumer of gold, the country relies heavily on imports to meet existing gold demand. The gold rate in Nagpur City as well as the whole of India is determined by the Indian Bullion Jewellers Association (IBJA).
The IBJA comprises gold dealers and sellers who decide the gold rate today based on the ‘buy’ and ‘sell’ quotes provided by the well-known jewellers. However, other parameters such as demand for gold, import duty, international gold price etc. are also taken into consideration while fixing the price of gold.
Also Read: How to Calculate Gold Price for Jewellery?
With the introduction of the Good and Services Tax (GST) in July 2017, the 1% Excise Duty and 1.2% VAT levied has been replaced with 3% GST. However, taxes on processing charges and customs duty remain unchanged at 5% and 10%, respectively.
To know more about GST on Gold, click here
Gold Price Trend in December 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-December-2020 | 48,100.00 |
Rate on 31-December-2020 | 50,010.00 |
Highest Rate | 50,365.00 |
Lowest Rate | 48,100.00 |
Month Performance | Decline |
% Change | -3.97 % |
Gold Price Trend in November 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-November-2020 | 50,910.00 |
Rate on 30-November-2020 | 48,870.00 |
Highest Rate | 51,660.00 |
Lowest Rate | 48,680.00 |
Month Performance | Rising |
% Change | 4.01 % |
Gold Price Trend in October 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-October-2020 | 50,673.00 |
Rate on 31-October-2020 | 50,750.00 |
Highest Rate | 51,430.00 |
Lowest Rate | 50,271.00 |
Month Performance | Decline |
% Change | -0.15 % |
Gold Price Trend in September 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 18-September-2020 | 51,693.00 |
Rate on 30-September-2020 | 50,282.00 |
Highest Rate | 51,750.00 |
Lowest Rate | 49,730.00 |
Month Performance | Rising |
% Change | 2.73 % |
Following are some of the contributing factors in determining the price of gold-
It is significant to check for certain things before buying gold. Listed below are some of the aspects you must keep in mind before finalizing the purchase:
‘Karat’ or ‘Carat’ refers to the purity of the gold. Here is the comparison between 24 Carat and 22 Carat Gold-
24 Carat (24K) gold is considered as pure gold (100% gold), free of any mixture of other elements.
22 Carat (22K) gold contains a small portion of alloy mixed with gold (91.7% of the composition is pure gold and the remaining 8.3% is alloy).
Given below are some of the gold investment options people generally opt for-
Q. Is the gold price in Nagpur same for 22K and 18K gold purity?
No, the price of 22K and 18K gold is different. Also, the gold rates in Nagpur as well as in the whole country tend to change on a daily basis.
Q. What is the recent trend of Gold Rate in Nagpur City?
The gold rate in Nagpur is consistently rising due to high demand of the metal in the city.
Q. Who are the well-known jewellers in Nagpur?
Well-known gold jewellers in Nagpur are Karan Kothari Jewellers, Batukbhai Sons Jewellers, Gold Palace Jewellers etc.
Q. Why should we buy 24 Karat Gold for Investment?
Buying 24 karat usually in the form of coins and bars is considered a good way to preserve wealth or hedge against economic uncertainties.