18K Gold Rate Today in Nashik
gold rate in Nashik

18K Gold/ 10gm
₹54,502.50
-90(0.09%)

Last updated on: 18th Apr 2024

Nashik, known as the wine capital of India, also has a strong liking for gold. This charming city in Maharashtra is situated near the Western Ghats of the state and has gained popularity among tourists because of its reputation as the 'wine capital of India' with many wineries to explore. The growing tourism and wine industry have had a positive impact on Nashik's economy and have fueled the demand for gold as an investment. This ancient city wholeheartedly embraces gold as an investment and experiences a lively gold trade.

Gold Rate Comparison

What to consider while buying gold in Nashik

If you are planning to buy gold in Nashik, it is vital to consider a few important factors:

  • Many jewellers nowadays are providing a decent discount in making charges if you opt for the investment scheme with them. These schemes can ultimately be used for purchasing gold or gold jewellery. 
  • Determine and compare the making charges while purchasing the gold jewellery. These can be a significant part of the total purchase cost.
  • Determine the current market price of gold in Nashik. It is preferred to buy gold when the prices decline. For this, you need to be watchful of recent price changes. 
  • Hallmark is a sign of the purity of the metal and displays the precise amount of gold that was used while making an ornament. The Bureau of Indian Standards (BIS) is the recognized organization in India in charge of endorsing and hallmarking gold jewellery. Therefore, always choose BIS-certified gold when you are buying it.

Today's 18K Gold Rates Per Gram in Nashik

GramYesterdayToday
1 gram
₹5,459.25
-20.25 (0.37%)
₹5,450.25
-9 (0.17%)
8 grams
₹43,674.00
-162 (0.37%)
₹43,602.00
-72 (0.17%)
10 grams
₹54,592.50
-202.50 (0.37%)
₹54,502.50
-90 (0.17%)
100 grams
₹5,45,925.00
-2025 (0.37%)
₹5,45,025.00
-900 (0.17%)

Why Does The Gold Price Keep Changing

The price changes in the gold rates in Nashik can be influenced due to the  following factors:

  • The high demand during the festival and at the time of weddings is met with a limited or low supply, which will result in increased gold rates in Nashik.
  • India is the world's second-largest consumer of gold. As a result, import taxes on gold directly impact its daily selling price.
  • The economic conditions in the region surrounding Nashik can influence the price of gold. Factors such as agricultural performance, industrial growth, and overall prosperity in Bihar and neighbouring states can affect the affordability and demand for gold in Nashik accordingly.
  • The pricing strategies and profit margins followed by local jewellers in Nashik can also influence the price of gold. Competition among other jewellers, their other fixed and variable costs, and pricing policies can lead to variations in the retail price of gold in Nashik City.

Historical Gold Rate in Nashik for Last 10 Days

10 grams
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Day18K Gold
18 Apr 2024
₹54,502.50
-90 (0.09%)
17 Apr 2024
₹54,592.50
-202.50 (0.21%)
16 Apr 2024
₹54,795.00
+652.50 (0.67%)
15 Apr 2024
₹54,142.50
-420 (0.44%)
12 Apr 2024
₹54,562.50
+900 (0.93%)
11 Apr 2024
₹53,662.50
+300 (0.31%)
10 Apr 2024
₹53,362.50
-37.50 (0.04%)
09 Apr 2024
₹53,400.00
+240 (0.25%)
08 Apr 2024
₹53,160.00
+247.50 (0.26%)
05 Apr 2024
₹52,912.50
+727.50 (0.77%)
Day18K Gold
18 Apr 2024
₹54,502.50
-90 (0.09%)
17 Apr 2024
₹54,592.50
-202.50 (0.21%)
16 Apr 2024
₹54,795.00
+652.50 (0.67%)
15 Apr 2024
₹54,142.50
-420 (0.44%)
12 Apr 2024
₹54,562.50
+900 (0.93%)
11 Apr 2024
₹53,662.50
+300 (0.31%)
10 Apr 2024
₹53,362.50
-37.50 (0.04%)
09 Apr 2024
₹53,400.00
+240 (0.25%)
08 Apr 2024
₹53,160.00
+247.50 (0.26%)
05 Apr 2024
₹52,912.50
+727.50 (0.77%)
Day18K Gold
18 Apr 2024
₹54,502.50
-90 (0.09%)
17 Apr 2024
₹54,592.50
-202.50 (0.21%)
16 Apr 2024
₹54,795.00
+652.50 (0.67%)
15 Apr 2024
₹54,142.50
-420 (0.44%)
12 Apr 2024
₹54,562.50
+900 (0.93%)
11 Apr 2024
₹53,662.50
+300 (0.31%)
10 Apr 2024
₹53,362.50
-37.50 (0.04%)
09 Apr 2024
₹53,400.00
+240 (0.25%)
08 Apr 2024
₹53,160.00
+247.50 (0.26%)
05 Apr 2024
₹52,912.50
+727.50 (0.77%)
Day18K Gold
18 Apr 2024
₹54,502.50
-90 (0.09%)
17 Apr 2024
₹54,592.50
-202.50 (0.21%)
16 Apr 2024
₹54,795.00
+652.50 (0.67%)
15 Apr 2024
₹54,142.50
-420 (0.44%)
12 Apr 2024
₹54,562.50
+900 (0.93%)
11 Apr 2024
₹53,662.50
+300 (0.31%)
10 Apr 2024
₹53,362.50
-37.50 (0.04%)
09 Apr 2024
₹53,400.00
+240 (0.25%)
08 Apr 2024
₹53,160.00
+247.50 (0.26%)
05 Apr 2024
₹52,912.50
+727.50 (0.77%)

Taxation on Gold Rates in Nashik

When buying or selling gold in Nashik, it's essential to consider the taxation policies and regulations. Gold purchases attract Goods and Services Tax (GST) and income tax. The GST on gold jewellery is currently set at 3%, taxability depends upon the period you hold the gold. If you sell gold within 3 years of buying it, any profit you make is called short-term capital gains and are taxed at slab rate whereas, if you sell gold after owning it for 3 years or more, any profit you make is called long-term capital gains and taxed @ 20% with indexation.

How is the gold rate determined?

Gold prices in Nashik are affected by multiple factors, both globally and locally. The value of gold can be influenced by various aspects specific to our city. On a global level, the overall state of the world economy, the impact of inflation, and changes in currency values all contribute to fluctuations in gold prices. In our local context, the demand for gold among people in Nashik, along with taxes, fees, and import regulations on gold, also impact the price we see in the city. These factors affect the price of gold in Nashik, reflecting the dynamics of both the international and local markets.

Factors affecting gold rates in Nashik

  • Currency fluctuations: It also influences the price of gold. Gold is traded in US Dollars in the international market. The rupee-dollar conversion impacts cost.
  • Demand and Supply of Gold in Nashik: The demand for gold jewellery, investment in gold, and industrial usage all contribute to its price in Nashik. Some factors like festival seasons, weddings, and investor sentiment can highly affect the demand. whereas, changes in gold mining production or imports can affect the supply side.
  • Government Policies and Regulations: The government’s policies related to import duties on gold, taxes, and other restrictions can impact the gold prices in Nashik. Any changes in these policies can influence the cost of importing gold and subsequently affect its local prices too.

FAQs of 18K Gold Rate in Nashik

Are 22 Karat and 24 Karat gold rates different in Nashik?

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Yes, 24 Karat is gold in its purest form. But it is too soft for use. Hence, metals like zinc are added to strengthen it. The gold thus created is the 22 Karat variant. While 24 Karat is 99.9% pure, 22 Karat typically consists of around 91% pure gold. As a result, 24 Karat gold costs more than 22 Karat gold.

What is Hallmark gold?

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Is there a tax on gold purchases in Nashik?

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What causes the gold price in Nashik to fluctuate so much?

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Location

Weight

Purity of Gold
Price

₹54,503 / 10gm

Last updated on: 18th Apr 2024

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.