Last updated on: 8th Mar 2023 06:30 AM
Chandrapur is a city in Maharashtra. The Wardha Valley Coalfield (a vast coal deposit) and the super-thermal power plant in Chandrapur district are both well known. The Erai and the Zarpat rivers meet in the city's vicinity. There are many coal seams in the area surrounding the city. Chandrapur is also referred to as the "Black Gold City."
Gold rates in Chandrapur constantly fluctuate because of various factors. These include inflation, changes in government policies, currency conversion rates, and gold rates in international markets.
The demand for gold in Chandrapur increases during the wedding and festive seasons. While earlier, investing in gold meant visiting a jeweller physically, nowadays, you can also invest in digital gold from the convenience of your home.
The implementation of the Goods and Services Tax (GST) raised the prices of gold in Chandrapur. In the pre-GST era, buyers had to pay a 10% import duty, 1% customs duty, and 1.2% value-added tax (VAT) when purchasing gold.
After the implementation of GST, buyers pay a 12.5% import duty and 3% GST on the price of gold. So, GST entails higher costs than customs duty and VAT put together.
In addition, you also need to pay 5-15% more as making charges if you are buying gold ornaments. These charges vary from one jeweller to another.
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹552.10 -1.00 (-0.18%) | ₹552.10 0.00 (0.00%) |
8 grams | ₹4,416.80 -8.00 (-0.18%) | ₹4,416.80 0.00 (0.00%) |
10 grams | ₹5,521.00 -10.00 (-0.18%) | ₹5,521.00 0.00 (0.00%) |
100 grams | ₹55,210.00 -100.00 (-0.18%) | ₹55,210.00 0.00 (0.00%) |
Most of these are valued in grams of gold and serve as alternatives to holding actual gold. These investments help you avoid risks like theft and burglary that come with holding physical gold.
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,521.00 0.00 (0.00%) | ₹5,061.10 0.00 (0.00%) |
08 Mar 2023 | ₹5,521.00 -10.00 (-0.18%) | ₹5,061.10 -9.17 (-0.15%) |
07 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
06 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
05 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
04 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
03 Mar 2023 | ₹5,531.00 15.00 (0.27%) | ₹5,070.27 13.75 (0.23%) |
02 Mar 2023 | ₹5,516.00 16.00 (0.29%) | ₹5,056.52 14.67 (0.24%) |
01 Mar 2023 | ₹5,500.00 11.00 (0.20%) | ₹5,041.85 10.08 (0.17%) |
28 Feb 2023 | ₹5,489.00 -16.00 (-0.29%) | ₹5,031.77 -14.67 (-0.24%) |
The gold rates vary depending on the purity of the gold. According to the World Gold Council, 24-karat gold has a purity of 99.9%, while 22-karat gold is 91.6% pure.
22-karat gold is also 916-hallmarked gold, owing to its purity value. The Bureau of Indian Standards (BIS) carries out the authentication and hallmarking of gold jewellery. Before buying gold, check out the hallmark to assess the gold's quality. Remember that the gold rate for 22-karat gold differs from city to city.
One way to determine the purity of gold at home is by immersing it in water. Your gold is pure if it sinks to the bottom. Another method is to place the gold close to a magnet. If the gold is pure, it won't be drawn to the magnet.
You must look for the following marks before purchasing gold items from a jeweller:
Which is better - a gold loan or a personal loan?
A gold loan is better than a personal loan.
For a personal loan, you need to provide income proof, provide a guarantor, and undergo a background check, all of which can be time-consuming.
For a gold loan, you can keep gold as collateral. Gold acts as a security tool for banks, as they can seize the gold if one is unable to repay the loan. This way, you can save time and avail a loan within a few hours.
How many grams of gold is one 'tola?'
What method of gold purchase is the safest?
Is there any risk involved if I invest in an SGB?
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.