Today Gold Rate per Gram Jewellery
Before venturing out to sell your gold, the customer should find out today’s gold rate per gram in India. Since the prices are dynamic, it is imperative to research the rates on the day of the transaction.
Historical Price of Gold Rate in India
The tradition of investing in gold in India has been long standing. The market rate of gold gets affected by several domestic and international factors, leading to some historical price fluctuations.
24 Carat Gold Price in 2021
Customers in India can enjoy some of the most attractive 24 Carat gold prices in 2021.
24 Carat Gold Price in 2020
The selling price of 24 carat gold in India went through some fluctuations due to the COVID pandemic.
22 Carat Gold Price in 2021
The 22 carat gold rate in India enables customers to sell their gold and get the maximum value in 2021.
22 Carat Gold Price in 2020
The price of 22 carat gold in India saw some interesting trends in 2020.
Factors Affecting Gold Rate in India
Gold rate in India is affected by economic policies, taxations, crude oil prices, market conditions, and so much more. Here are some of them in detail:
- Inflation: Market fluctuations are a vital factor in determining the gold price in India. As the demand increases, the price of gold in India rises to maintain equilibrium with the supply.
- Gold Reserves: The Reserve Bank of India regulates the gold reserves in the country. An influx in gold reserves is an indicator of an increased inflow of cash in the domestic market. This affects the price of gold in India significantly.
- Gold market: Indians uphold the history and tradition of investing in gold jewellery, coins, etc. This causes frequent shifts in the demand and supply of gold, affecting its rate every day. For example, during the wedding season, the demand for gold is high, so the price increases if the supply is short.
Various Gold Investment Options Available in India
There are several ways of investing in gold in India. They are:
- Investing in Gold Jewellery: Investing in gold jewellery is an age-old tradition in India. They become gifts which har handed down to generations. They offer extensive financial security to the recipient. Since gold prices are always on the rise and require minimal maintenance, buying gold jewellery is considered to be a great investment option.
- Investing in Gold Coins or Gold Bars: Investing in gold jewellery is popular, but many individuals prefer investing in gold coins or bars too This investment method saves them making charges which are applicable on gold jewellery. But customers should ensure to buy gold bars and coins only from reputed jewellers or registered banks.
- Investing in Gold ETF: Gold ETF or Exchange Traded Fund is a type of mutual fund which gives the customers the freedom to invest in gold in small quantities, or as per requirement. Gold ETFs can be sold anywhere in India with complete transparency at nominal charges.
How is Gold Rate Calculated in India?
A committee, in every city of India, decides the prevailing gold rate for the day. The members of such a committee are the top gold jewellers and traders of the city. The gold price is determined by gauging the effect of several factors such as local tariffs, duties, etc.
How to Sell Old Gold Jewelry for Cash?
Muthoot Gold Point offers a convenient and transparent platform for its customers to sell their gold for instant cash. Selling gold jewellery with Muthoot Fincorp involves the following steps:
Step 1: Customers visit their nearest Muthoot Gold Point branch and get their gold evaluated.
Step 2: The gold jewellery is cleaned thoroughly with ultrasonic machines to remove any dirt. This process is done in front of the customer.
Step 3: The value, weight and purity of gold is checked on XRF machines before the customer.
Step 4: Based on the value, weight and purity of the gold, it is evaluated as per the current market rate of gold in India.
Step 5: If the customer is satisfied with the evaluation, they can hand over the gold to the representative. Muthoot Gold Point offers instant cash up to Rs 10000. If the amount is above Rs 10,000, the amount is transferred to the customer’s bank account.
Browse Gold Rate in Other Locations: Gold Rate in Vijayawada , Gold Rate in Trichy , Gold Rate in Bangalore , Gold Rate in Coimbatore , Gold Rate in Ahmedabad , Gold Rate Calculator , Gold Buyers in Noida
