Gold rate in Badlapur
gold rate in badlapur

24K Gold/ 10gm
57,440.00
0.00(0.00%)
22K Gold/ 10gm
54,700.00
0.00(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Badlapur, located in the state of Maharashtra, India, is renowned for its thriving gold market. The city offers a wide range of options for investors looking to invest in gold, whether it be physical gold or gold-based financial instruments. With the presence of reputable gold dealers and a large customer base, Badlapur is a hub for gold investment. In this article, we will delve into various aspects of gold investment in Badlapur, from the factors that impact gold prices to the methods used for evaluating gold purity, to help you make an informed investment decision.

22K & 24K Gold Rates Per Gram in Badlapur

24K
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GramYesterdayToday
1gm
5,744.00
0.00 (0.00%)
5,744.00
0.00 (0.00%)
8gm
45,952.00
0.00 (0.00%)
45,952.00
0.00 (0.00%)
10gm
57,440.00
0.00 (0.00%)
57,440.00
0.00 (0.00%)
100gm
5,74,400.00
0.00 (0.00%)
5,74,400.00
0.00 (0.00%)

Factors That Impact Gold Prices in Badlapur

 

  • Supply and demand: The demand for gold during special occasions and festivals drives up its price in Badlapur. An increase in supply, due to mining and recycling, can lead to a decrease in price.
  • Inflation: An increase in inflation tends to push up the price of gold, as investors turn to it as a safe-haven asset.
  • Interest rates: When interest rates are low, the demand for gold tends to increase as it provides an alternative source of returns.
  • Geopolitical tensions: Political and economic uncertainties can drive up the price of gold as investors flock to it as a safe-haven asset.
  • Exchange rates: Fluctuations in the value of currencies can impact the price of gold, as gold is priced in US dollars. A weak dollar makes gold cheaper for non-US investors, while a strong dollar makes it more expensive.

Historical gold rates in Badlapur in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
03 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
02 Feb 2023
5,744.00
90.00 (1.60%)
5,470.00
85.00 (1.58%)
01 Feb 2023
5,654.00
26.00 (0.47%)
5,385.00
25.00 (0.47%)
31 Jan 2023
5,628.00
-16.00 (-0.28%)
5,360.00
-15.00 (-0.27%)
30 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
29 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
28 Jan 2023
5,644.00
16.00 (0.29%)
5,375.00
15.00 (0.28%)
27 Jan 2023
5,628.00
-63.00 (-1.10%)
5,360.00
-60.00 (-1.10%)
26 Jan 2023
5,691.00
42.00 (0.75%)
5,420.00
40.00 (0.75%)

Who Decides the Gold Rates in Badlapur?

  1. Indian Bullion and Jewellers Association (IBJA): The IBJA is an industry body of bullion dealers that determines the daily gold rates in Badlapur.
  2. International Spot Price of Gold: The gold rates are based on the international spot price of gold which is the price at which gold is traded globally.
  3. Import Duty: Import duty is a tax imposed on the import of goods and this factor is also considered while determining the gold rates in Badlapur.
  4. Local Demand for Gold: The local demand for gold in Badlapur is also considered while determining the gold rates as higher demand for gold can result in higher prices.
  5. Transparent Process: The process of determining the gold rates in Badlapur by the IBJA is transparent and based on market conditions.

It is important to note that gold prices can fluctuate frequently and are affected by various economic and geopolitical factors.

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

How is the Purity of Gold Evaluated in Badlapur?

The purity of gold is an important factor to consider when investing in gold, as it determines the value and quality of the gold. Here are the key points to understand when evaluating the purity of gold in Badlapur:

  • Karat System: Gold is evaluated based on the karat system, where the higher the karat, the purer the gold. 24 karat gold is considered the purest form of gold, while 22 karat gold is the most common form of gold sold in Badlapur.
  • Purity Percentage: 22 karat gold is 91.6% pure, while 24 karat gold is 100% pure. The remaining percentage is made up of other metals like copper, zinc, and nickel.
  • Testing Methods: The purity of gold is determined using various methods such as X-Ray Fluorescence (XRF) and Acid Testing. XRF is a non-invasive method of testing the purity of gold, while acid testing involves applying a drop of nitric acid to a small area of the gold to determine its purity.
  • Importance of Certification: It is important to purchase gold from a reputable dealer that provides certification for the purity of the gold. This will ensure that the gold you purchase is of the highest quality and meets industry standards.

By understanding these factors, you can make an informed decision when investing in gold in Badlapur.

Trend of Gold rates in Badlapur

1 gram
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Day24K Gold22K Gold
01 February 202356545385
05 February 202300
Highest57445470
Lowest56545385

Gold vs. other investment options

  • Risk: Gold is generally considered a safer investment option compared to stocks or bonds, as its value is less volatile.
  • Liquidity: Gold is easily convertible into cash, making it a highly liquid investment option.
  • Returns: Unlike bonds or stocks, gold does not generate any regular income. Its value is mainly dependent on its demand and supply.
  • Inflation Hedge: Gold is considered a good hedge against inflation, as its value tends to increase during periods of high inflation.
  • Diversification: Including gold in a well-diversified investment portfolio can help reduce overall risk and provide stability during times of market volatility.
  • Taxation: The tax implications of investing in gold in Badlapur may vary depending on the type of investment and its tenure.
  • Storage: Physical gold requires safe storage, while investments in paper gold or exchange-traded funds may not have any storage-related costs.

FAQs of Gold price in Badlapur

Is it better to buy physical gold or paper gold in Badlapur?

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What is the process of buying physical gold in Badlapur?

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Is it necessary to get the gold evaluated for purity before making a purchase in Badlapur?

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