Last updated on: 3th Feb 2023 10:00 AM
Bharuch, 192 kilometres south of Ahmedabad, is now an industrial town renowned for chemical and fertiliser facilities, as well as textile mills. But did you know it is also the second-oldest city in India, behind Varanasi, having been continuously inhabited for at least 2,500 years? Bharuch's present identity is based on trade and business. Its marvellous old Havelis, towering gates, and historical forts serve as reminders of the majestic city it once was.
Gold can be purchased in Bharuch through jewellers, banks, and other financial institutions. Inflation, worldwide gold price variations, and the Central Gold Reserve all have an impact on gold rates in Bharuch. Gold is widely used in Bharuch for ornamentation and jewellery. Furthermore, it is traded as a commodity on platforms such as the Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX) and National Spot Exchange (NSEL).
If you want to purchase gold in Bharuch, you need first learn about the current market pricing. So, to make your purchasing selection simpler, let us look at the current gold prices in Bharuch and learn how and by whom these values are decided.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,748.00 0.00 (0.00%) | ₹5,748.00 0.00 (0.00%) |
8gm | ₹45,984.00 0.00 (0.00%) | ₹45,984.00 0.00 (0.00%) |
10gm | ₹57,480.00 0.00 (0.00%) | ₹57,480.00 0.00 (0.00%) |
100gm | ₹5,74,800.00 0.00 (0.00%) | ₹5,74,800.00 0.00 (0.00%) |
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,748.00 0.00 (0.00%) | ₹5,474.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,748.00 0.00 (0.00%) | ₹5,474.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,748.00 90.00 (1.60%) | ₹5,474.00 85.00 (1.58%) |
01 Feb 2023 | ₹5,658.00 26.00 (0.47%) | ₹5,389.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,632.00 -16.00 (-0.28%) | ₹5,364.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,648.00 0.00 (0.00%) | ₹5,379.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,648.00 0.00 (0.00%) | ₹5,379.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,648.00 16.00 (0.29%) | ₹5,379.00 15.00 (0.28%) |
27 Jan 2023 | ₹5,632.00 -63.00 (-1.10%) | ₹5,364.00 -60.00 (-1.10%) |
26 Jan 2023 | ₹5,695.00 42.00 (0.75%) | ₹5,424.00 40.00 (0.75%) |
Gold and fixed deposits are both attractive investment vehicles. Both, however, have some distinctions. To begin, FD returns are assured and fixed. Interest income is unaffected by market changes or economic situations.
Gold prices, on the other hand, might change. This is because gold prices are determined daily. They might rise or fall depending on economic situations. However, gold prices have always risen in the long run, according to historical tendencies.
The Indian Bullion Jewellers Association (IBJA) is significant in deciding daily gold pricing in Bharuch. The IBJA is made up of the country's most renowned gold dealers. They account for the lion's share of gold sold and purchased in the nation and hence have the authority to set the gold price across the country.
Banks are the country's major gold importers. However, before selling the imported gold to a supplier, they add a charge, raising the purchasing price at the source. The amount you pay for gold comprises numerous costs by the time it reaches you. When purchasing gold jewellery, for example, you may be required to pay a manufacturing fee.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5658 | 5389 |
07 February 2023 | 0 | 0 |
Highest | 5748 | 5474 |
Lowest | 5658 | 5389 |
Gold is only precious when it is pure. Customers have been cheated in the past with impure gold. As a result, certifying the purity of gold is critical.
The Bureau of Indian Standards (BIS) is a government agency that verifies gold purity. When purchasing gold, the following aspects should be considered, according to the BIS.
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