Gold rate in Agartala
gold rate in agartala

24K Gold/ 10gm
56,910.00
0.00(0.00%)
22K Gold/ 10gm
54,200.00
0.00(0.00%)

Last updated on: 29th Jan 2023 9:00 AM

Agartala is the second largest city in northeast India and the capital of Tripura. It has been the power centre of mighty rulers and is famous for its splendid palaces, lakes, and mesmerising natural beauty. The opulence is visible in the palaces like the Ujjyanta Palace and Kunjaban Palace. It is a city of power and rulers, and the demand for gold is not new to Agartala. 

The gold rates in Agartala have fluctuated constantly due to various reasons, such as increased demand for gold and change in government policies. Generally, the price of gold rises when there is political instability, a slowdown in the economy, or any form of geopolitical turmoil. So, when gold experiences an increase in its rates under such conditions, other assets generally see a fall in their rates. It makes gold a good asset for investment. 

People make various investments in gold, such as in physical gold and gold bonds. In India, purchasing gold is considered auspicious, and people are generally looking to buy more and more of it. 

22K & 24K Gold Rates Per Gram in Agartala

24K
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GramYesterdayToday
1gm
5,691.00
0.00 (0.00%)
5,691.00
0.00 (0.00%)
8gm
45,528.00
0.00 (0.00%)
45,528.00
0.00 (0.00%)
10gm
56,910.00
0.00 (0.00%)
56,910.00
0.00 (0.00%)
100gm
5,69,100.00
0.00 (0.00%)
5,69,100.00
0.00 (0.00%)

Factors Affecting the Gold Prices in Agartala

Various factors play together to keep changing the price of gold in Agartala.

  • Interest Rate:- When the interest rate increases, people sell their gold to obtain cash. When the supply of gold increases, interest rates fall. The lower the interest rate, the more cash with consumers; it leads to a growing demand for gold which, in turn, increases the price of gold.
  • International Movement:- The gold rate in the international market/global market affects the rate of gold in the city. India's gold price increased as a result of an increase in the price of gold globally.
  • Jewellery Demand:- When there is a higher demand for gold ornaments, the price of gold tends to rise due to a mismatch in demand and supply.  It is seen mostly during the festive season and wedding season.
  • Inflation:- Gold is used as a means to hedge inflation because it is a high-value commodity that is comparable to currency. 
  • Gold Reserves with the Government:- The Reserve Bank of India (RBI) maintains the gold reserves of the Indian Government. It leads to an increase in the price of gold in the city.

Historical gold rates in Agartala in last 10 days

1 gram
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Day24K Gold22K Gold
30 Jan 2023
5,691.00
0.00 (0.00%)
5,420.00
0.00 (0.00%)
29 Jan 2023
5,691.00
0.00 (0.00%)
5,420.00
0.00 (0.00%)
28 Jan 2023
5,691.00
16.00 (0.29%)
5,420.00
15.00 (0.28%)
27 Jan 2023
5,675.00
-63.00 (-1.09%)
5,405.00
-60.00 (-1.09%)
26 Jan 2023
5,738.00
42.00 (0.74%)
5,465.00
40.00 (0.74%)
25 Jan 2023
5,696.00
0.00 (0.00%)
5,425.00
0.00 (0.00%)
24 Jan 2023
5,696.00
36.00 (0.64%)
5,425.00
35.00 (0.65%)
23 Jan 2023
5,660.00
11.00 (0.20%)
5,390.00
10.00 (0.19%)
22 Jan 2023
5,649.00
0.00 (0.00%)
5,380.00
0.00 (0.00%)
21 Jan 2023
5,649.00
-11.00 (-0.19%)
5,380.00
-10.00 (-0.18%)

How does GST impact gold rates in Agartala?

With the implementation of Goods and Services Tax (GST) in Agartala, there was an increase in the prices of gold and gold jewellery in Agartala. GST came with many changes in the tax structure. Rather than work with a gambit of indirect taxes, like entertainment tax, service tax, Value Added Tax (VAT), and sales tax, a unified indirect tax structure was introduced by GST.

Goods and services were divided into categories and fell into one of the four tax slabs - 5%, 12%, 18%, and 28%.  This tax structure had a significant two-way impact on the rate of gold in Tripura, also the rest of India.

  1. A special rate of 3% tax was levied on the value of gold. It is 1% higher than before when 1% VAT and 1% sales tax were charged in pre-GST times. With the implementation of GST, the tax was set at a uniform 3% of the value of the gold.
  2. 5% GST is charged on the making charges of gold by the jeweller.

Weekly & monthly gold rate in Agartala
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

Various Methods of Testing Gold in Agartala

A BIS Hallmark is a hallmarking system that certifies the purity of gold and silver jewellery sold in India. Hallmarking has been made mandatory by the Bureau of Indian Standards (BIS). It is implemented to protect consumers from purchasing gold that does not match the declared purity. With hallmarking, manufacturers have to comply with the stipulated standards of purity.

At the time of purchasing gold jewellery in Agartala, check for the four aspects of BIS hallmark jewellery: 

  • BIS mark/logo 
  • Number/mark of the assaying/hallmarking centre
  • Purity (fineness and carat)
  • Distinct mark/logo of the jeweller

Trend of Gold rates in Agartala

1 gram
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Day24K Gold22K Gold
01 January 202354655205
30 January 202356915420
Highest57385465
Lowest54395180

How is the Purity of Gold Evaluated in Agartala?

Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.

  1. BIS Mark

    Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.

  2. Karat

    Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.

  3. Jewellers Identification Mark

    The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.

FAQs of Gold price in Agartala

Is it better to save cash in the bank or buy gold?

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Which are the top gold jewellers in Agartala?

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Can I sell gold coins bought from one bank to a different bank?
 

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How can I buy a gold coin from a bank? 
 

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Are there any alternatives to purchasing physical gold to invest in gold?

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