Last updated on: 3th Feb 2023 10:00 AM
Bhiwadi is a city in the Alwar district of the Indian state of Rajasthan. It is a rapidly growing industrial town and has emerged as a key hub for various industries, including automotive, engineering, pharmaceuticals, and textiles. In recent years, Bhiwadi has also become a popular investment destination for those interested in gold.
The city has a thriving gold market, with a large number of dealers and jewellers offering a range of gold products, including coins, bars, and jewelry. Due to its proximity to Delhi and other major cities in the region, Bhiwadi offers investors easy access to the latest information and updates on gold prices and trends.
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%) |
24-karat gold is the purest form of gold available in Bhiwadi. It has a purity of 99.99%, and traces of no other metal can be found in it. Since it is the highest purity level, its price is also higher than other purity levels of gold.
22-karat gold has 91.67% pure gold. The remaining 8.33% contains metals such as zinc and copper. These metals are combined with pure gold to make it harder, allowing gold artisans to create intricate designs of ornaments. Most of the ornaments in Bhiwadi jewellery stores are 22-karat gold.
There are various other gold purity levels available in Bhiwadi:
The most common metal mixed with gold is silver. Other metals such as copper, nickel, platinum, zinc, cadmium and iron are also incorporated to craft these different gold types.
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%) |
Different factors contribute to determining the gold price in Bhiwadi.
Some of these significant factors are:
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. The implementation of GST in 2017 had a significant impact on the gold industry and prices of gold in Bhiwadi.
Before GST, the effective tax rate on gold was around 15%. With the implementation of GST, the rate was increased to 3% for hallmarking and making charges and 12% for gold in any other form. This led to an increase in the prices of gold in Bhiwadi and other parts of India.
However, the GST Council has since reduced the GST rate on gold from 12% to 3% with effect from January 1st, 2022, in order to boost the demand for gold and the growth of the gold industry. This reduction in GST rate has helped bring down the prices of gold in Bhiwadi, making it more affordable for investors and consumers.
It is important to note that the impact of GST on gold prices can also be influenced by other factors such as the global gold prices, currency movements, and economic conditions. Investors and consumers should keep a close eye on these factors when making investment decisions related to gold in Bhiwadi.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5658 | 5389 |
05 February 2023 | 0 | 0 |
Highest | 5748 | 5474 |
Lowest | 5658 | 5389 |
The demand for gold in Bhiwadi can be influenced by various factors, including economic and political conditions, the performance of other investment options, and cultural and religious practices.
It is important to note that these factors can interact with each other and change over time, influencing demand for gold in Bhiwadi. Investors and consumers should keep a close eye on these factors and seek professional advice when making investment decisions related to gold.
What are the different forms of gold available for investment in Bhiwadi?
How do I track the gold prices in Bhiwadi?
What is the current GST rate on gold in Bhiwadi?
What are the benefits of investing in gold in Bhiwadi?
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