Last updated on: 3th Feb 2023 10:00 AM
Ambarnath is located in the Thane district of Maharashtra. It is popular for its manufacture of machine tools and has a rich cultural heritage and demography. Like most Indian cities, gold is a traditionally revered instrument of investment in Ambarnath. While the locals buy gold both as jewellery and bullion throughout the year, the demand is highest during the festive season.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,726.00 0.00 (0.00%) | ₹5,726.00 0.00 (0.00%) |
8gm | ₹45,808.00 0.00 (0.00%) | ₹45,808.00 0.00 (0.00%) |
10gm | ₹57,260.00 0.00 (0.00%) | ₹57,260.00 0.00 (0.00%) |
100gm | ₹5,72,600.00 0.00 (0.00%) | ₹5,72,600.00 0.00 (0.00%) |
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,726.00 90.00 (1.60%) | ₹5,453.00 85.00 (1.59%) |
01 Feb 2023 | ₹5,636.00 26.00 (0.47%) | ₹5,368.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,610.00 -16.00 (-0.28%) | ₹5,343.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,626.00 16.00 (0.29%) | ₹5,358.00 15.00 (0.29%) |
27 Jan 2023 | ₹5,610.00 -63.00 (-1.11%) | ₹5,343.00 -60.00 (-1.11%) |
26 Jan 2023 | ₹5,673.00 42.00 (0.75%) | ₹5,403.00 40.00 (0.75%) |
The price of gold purchased by you in Ambarnath contains the following taxes:
Import Duty: An import duty of 12.5% is charged on gold imported into the country.
Agriculture Infrastructure Development Cess: 2.5% of AIDC is charged on imported gold.
GST: The GST rate on gold is 3%
GST on making charges: When physical gold is made into jewellery, it attracts making charges. A GST rate of 5% is to be paid on these making charges.
Gold purity refers to the amount of gold present in a gold item, expressed as a percentage of the total weight. The higher the purity, the more gold the item contains and the more valuable it is.
Gold purity is typically measured in karats (kt). One karat is equal to 1/24 of the weight of gold, so 24-karat gold is pure gold. The purity of gold is also sometimes expressed in millesimal fineness, which is a measurement of the purity of gold in parts per thousand. For example, a gold item with a purity of 750 has 750 parts of gold out of 1,000 parts, which is equivalent to 18 karats.
The most common purities of gold are:
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5636 | 5368 |
05 February 2023 | 0 | 0 |
Highest | 5726 | 5453 |
Lowest | 5636 | 5368 |
There is one problem with using gold jewellery as an investment - you end up paying 'making charges' which are not recovered on the sale of the very same articles. Consequently, the profitability of gold declines. Therefore, you can choose to invest in different alternatives:
What are the different purity levels of gold?
What is KDM gold?
What hallmarks should be present on the gold article I purchase from a jewellery shop in Ambarnath?
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