Last updated on: 31st May 2023 05:40 PM
Assam is a state in India with a rich history and heritage. It shares a border with Nepal and Bhutan. Assam is the land of tea, silk, oil, and natural beauty. The state was the first site for oil drilling in Asia. It has more than 70% forest cover and is one of the most biodiverse places in the world.
There has been a lot of development in Assam in many years, so many people want to visit the state, invest in Assam and start businesses in Assam. But how many people know there is a huge gold rush in Assam? Gold as an Investment option has always been a part of Assamese culture and pride.
Below karats of gold have specific percentages of pure gold, which measures its purity. Let's check out.
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹6,021.00 51.00 (0.85%) | ₹6,018.00 -3.00 (-0.05%) |
8 grams | ₹48,168.00 408.00 (0.85%) | ₹48,144.00 -24.00 (-0.05%) |
10 grams | ₹60,210.00 510.00 (0.85%) | ₹60,180.00 -30.00 (-0.05%) |
100 grams | ₹6,02,100.00 5100.00 (0.85%) | ₹6,01,800.00 -300.00 (-0.05%) |
GST does not have any negative impact on gold in Assam. As of now, the percentage of tax is 3%. When GST was not introduced, total taxes were more than 12%, of which 12% was only for import custom duty.
Apart from GST, other charges on gold are as below:
Day | 24K Gold | 22K Gold |
---|---|---|
31 May 2023 | ₹60,180.00 -30.00 (-0.05%) | ₹55,167.01 -27.50 (-0.04%) |
30 May 2023 | ₹60,210.00 510.00 (0.85%) | ₹55,194.51 467.52 (0.71%) |
29 May 2023 | ₹59,700.00 60.00 (0.10%) | ₹54,726.99 55.00 (0.08%) |
26 May 2023 | ₹59,640.00 -90.00 (-0.15%) | ₹54,671.99 -82.50 (-0.13%) |
25 May 2023 | ₹59,730.00 -460.00 (-0.77%) | ₹54,754.49 -421.68 (-0.65%) |
24 May 2023 | ₹60,190.00 -260.00 (-0.43%) | ₹55,176.17 -238.34 (-0.36%) |
23 May 2023 | ₹60,450.00 -90.00 (-0.15%) | ₹55,414.51 -82.50 (-0.13%) |
22 May 2023 | ₹60,540.00 -80.00 (-0.13%) | ₹55,497.02 -73.34 (-0.11%) |
19 May 2023 | ₹60,620.00 690.00 (1.14%) | ₹55,570.35 632.52 (0.96%) |
18 May 2023 | ₹59,930.00 -480.00 (-0.80%) | ₹54,937.83 -440.02 (-0.67%) |
Most of the residents of Assam believe that investing in gold is similar to investing in house property. If you believe in it, here is the perfect solution to query. Even though the gold price in Assam fluctuates, it cannot be a subject of significant destruction. Property investment always carries the risk of natural calamities; if not, maintenance charges. In the case of gold, there is no immediate risk.
In today's market, gold buyers are more concerned about purity, as adulteration is a common problem. So here is the hint: The more yellow your gold is, the purer your chuck of gold will be. If it is light yellow, it may have an alloy mixed in it.
There are two tests mostly done to check the purity of gold.
Before you purchase gold, you must always know the measurement base for gold. Gold price in Assam is calculated on the karat of gold you buy. So if you have a wedding occasion at home and are in a local gold shop in Assam, the jeweller will charge you based on the karat of gold you buy.
What are the things to Consider Before Buying Gold Jewellery in Assam?
When you buy gold, always ensure you get a hallmarked certificate with every purchase. The certificate shows it is lab-tested and guarantees purity. During the festival season, gold prices in Assam will be competitive; you may even get good discounts and deals. Look for a festival around the corner for your next purchase.
Should I buy 22-karat gold or 22-karat?
What are the alternatives to Physical Gold?
What form of gold can I get in Assam?
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.