Gold Rate Aurangabad
Last updated on: 1st Jun 2023 05:41 PM
Aurangabad is a well-known city located in the state of Maharashtra. It is named after the late Mughal emperor, Aurangzeb. Aurangabad is popularly known as the "City of Gates" and is well-renowned for its tourist destinations, including the renowned Ajanta and Ellora Caves, both of which are included as UNESCO World Heritage Sites.
Gold has traditionally been a symbol of prosperity for the people of Aurangabad, as is the case with the rest of the nation. This precious metal is a prestigious product bought in large and small quantities A high level of liquidity is provided, despite shifting market rates. As a result, it is a well-liked hedging asset.
Despite regular fluctuations in market rates, gold is consistently in high demand and has an upward price trend. Therefore, it is crucial to be aware of the current pricing, whether you want to buy gold or apply for a gold loan. This enables you to time your purchase and maximises your investment.
People in India purchase gold for jewellery, emergency savings (or portfolio diversity), and investments. However, due to its 99.9% purity, 24-karat gold will be the greatest choice for investments. Even though 24-karat gold is delicate and sensitive, it has a higher intrinsic value than 22-karat gold, which contains just 91.67% gold.
Always look for the hallmark certification when buying a 24-karat gold coin or bar to verify the purity. Additionally, buying gold from BIS-hallmarked jewellers will ensure that you receive the correct price for it when you sell it.
|Day||24K Gold||22K Gold|
|01 Jun 2023|
|31 May 2023|
|30 May 2023|
|29 May 2023|
|26 May 2023|
|25 May 2023|
|24 May 2023|
|23 May 2023|
|22 May 2023|
|19 May 2023|
Several regional and global factors influence the price of gold in the market. Its interest rates, market demand, taxes that apply to it, government-held reserves, and some seasonal buying patterns are a few domestic influences. Global inflation and currency value variations are examples of international causes.
Aurangabad's gold prices are different from those in other Indian cities. Again, this is a result of several circumstances, including:
How is the price of gold determined in Aurangabad?
Several factors influence gold prices, including demand-supply, investor preference, festive seasons, and the wedding season.
What is the digital gold GST rate?
Why is 24-karat gold not 100% pure?
How much GST is there on hallmark gold?
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.