Gold rate in Bilaspur
gold rate in bilaspur

24K Gold/ 10gm
57,260.00
0.00(0.00%)
22K Gold/ 10gm
54,530.00
0.00(0.00%)

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

Located on the banks of the Arpa river, Bilaspur is a significant city and one of the busiest junctions in Chattisgarh. Bilaspur is also known as the City of Festivals". The aromatic "Doobraj" rice variety and handloom-woven, vibrant, plush Kosa silk sarees are two of Bilaspur's best-known exports.

Like much of India, Bilaspur has many gold enthusiasts. Gold is seen as a valuable and auspicious investment by locals. During festivities, in particular, the demand for gold increases, leading to an increase in gold rates.

But festivities are not the only factor impacting gold prices in Bilaspur. A combination of national and domestic elements also affects these prices.

So, if you are looking to invest in gold, learn about the ongoing gold rates in Bilaspur and more. Continue reading!

22K & 24K Gold Rates Per Gram in Bilaspur

24K
DownArrow
GramYesterdayToday
1gm
5,726.00
0.00 (0.00%)
5,726.00
0.00 (0.00%)
8gm
45,808.00
0.00 (0.00%)
45,808.00
0.00 (0.00%)
10gm
57,260.00
0.00 (0.00%)
57,260.00
0.00 (0.00%)
100gm
5,72,600.00
0.00 (0.00%)
5,72,600.00
0.00 (0.00%)

Factors Affecting the Gold Prices in Bilaspur

Several factors affect gold rates in Bilaspur. As a thumb rule, remember that when demand for gold is high, the prices will go up and vice-versa. So, let's now explore the top factors impacting gold rates in the city:

Inflation

Inflation has a significant impact on gold prices. When inflation is high, people tend to buy gold, which is seen as a hedge against inflation. This increase in demand for gold drives up its prices.

Interest Rates

Interest rates and gold prices are inversely related. When interest rates go down, people choose gold over other investment options. In contrast, when interest rates increase, investors go back to other investment instruments. These changes in the demand for gold with fluctuations in interest rates impact gold prices.

Currency Exchange Rates

In international markets, gold is traded in US Dollars (USD). Since India imports most of its gold, changes in the USD value affect gold rates in the country. For instance, gold rates increase when the Rupee depreciates against the USD. The opposite is true when the Rupee strengthens.

Global Gold Prices

Gold prices are influenced by the dynamics of geopolitics. When the global political climate is tense, people invest in gold to secure their wealth in an otherwise unstable economic scenario.

Transportation

Transportation costs affect the gold prices in Bilaspur. Higher transport costs make gold more expensive.

Historical gold rates in Bilaspur in last 10 days

1 gram
DownArrow
Day24K Gold22K Gold
04 Feb 2023
5,726.00
0.00 (0.00%)
5,453.00
0.00 (0.00%)
03 Feb 2023
5,726.00
0.00 (0.00%)
5,453.00
0.00 (0.00%)
02 Feb 2023
5,726.00
90.00 (1.60%)
5,453.00
85.00 (1.59%)
01 Feb 2023
5,636.00
26.00 (0.47%)
5,368.00
25.00 (0.47%)
31 Jan 2023
5,610.00
-16.00 (-0.28%)
5,343.00
-15.00 (-0.27%)
30 Jan 2023
5,626.00
0.00 (0.00%)
5,358.00
0.00 (0.00%)
29 Jan 2023
5,626.00
0.00 (0.00%)
5,358.00
0.00 (0.00%)
28 Jan 2023
5,626.00
16.00 (0.29%)
5,358.00
15.00 (0.29%)
27 Jan 2023
5,610.00
-63.00 (-1.11%)
5,343.00
-60.00 (-1.11%)
26 Jan 2023
5,673.00
42.00 (0.75%)
5,403.00
40.00 (0.75%)

Gold Schemes To Invest in Bilaspur

There are various ways to invest in gold in Bilaspur. While owning gold in physical form has been the traditional choice, people now have alternatives. These include:

  • Gold Exchange Traded Funds (ETFs)
  • Gold mutual funds
  • Sovereign Gold Bonds
  • Digital gold

Besides these, several banks and jewellers in Bilaspur offer schemes to help you buy or invest in gold effortlessly. Here's a look at two such schemes:

Tanishq Golden Harvest Scheme

This scheme allows buyers to purchase Tanishq jewellery at discounted rates. In other words, you can buy more gold than what you pay for. You can open the account online or by visiting the Tanishq showroom in Bilaspur.

Once enrolled, you have to pay a minimum monthly installment of ₹2000 for 10 months. The monthly installment value can go up to any amount in multiples of INR 1000. You will be qualified for a special discount of up to 75% of the first instalment value paid after 10 months.

PNB Gold Monetization Scheme

The Punjab National Bank Gold Monetization Scheme aims to utilise the idle gold lying in Indian households to reduce the country's reliance on imported gold. You can deposit a minimum of 10 grams of gold.

There are three types of deposits: Short Term bank deposits for a tenure of 1-3 years, Medium term government deposits for a tenure of 5-7 years, and Long term government deposits for a tenure of 12-15 years. Like a regular savings scheme, the bank offers interest rates on the gold deposited. On maturity, you can redeem your investments in cash or gold.

Weekly & monthly gold rate in Bilaspur
1 gram
DownArrow

7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

Things to Consider Before Buying Gold Jewellery in Bilaspur

Here are some tips to help you make the best gold-buying decision:

Making charges

The making charge is the fee charged by the jeweller for designing and creating the piece of jewellery. This charge is 5% of the gold rate. Hence, check the making charges beforehand. Additionally, enquire if the jeweller offers discounts on the making charges.

Purity

The purity of gold is measured in karats. The higher the purity, the more expensive the gold. The BIS hallmark is a stamp issued by the Bureau of Indian Standards to confirm the gold's purity and fineness. Hence, check the BIS hallmark to ascertain the quality of the gold you're buying.

Return Policy

It is essential to ask about the return policy before you make a purchase in case you need to return or exchange the gold jewellery.

Exchange Rate

You should be aware of the current exchange rate, as this will affect the price of gold. For example, gold will be more expensive if the Rupee is weak.

Trend of Gold rates in Bilaspur

1 gram
DownArrow
Day24K Gold22K Gold
01 February 202356365368
05 February 202300
Highest57265453
Lowest56365368

How is the Purity of Gold Evaluated in Bilaspur?

Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.

  1. BIS Mark

    Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.

  2. Karat

    Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.

  3. Jewellers Identification Mark

    The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.

FAQs of Gold price in Bilaspur

Which gold variant is best to buy?

DownArrow

Is there any customs duty on gold?

DownArrow

Can I take a loan on my gold jewellery?

DownArrow

What should I check for before buying gold in Bilaspur?

DownArrow