Last updated on: 3th Feb 2023 10:00 AM
Hinganghat is a city in the Indian state of Maharashtra. The city has a rich cultural heritage as well as a gold trading and investment tradition. Hinganghat residents can buy and sell physical gold, such as bullion bars, coins, and jewellery, at the city's various gold shops and jewellery stores. In Hinganghat, there are also financial institutions that provide gold investment options such as gold savings accounts, gold ETFs, and gold bonds.
Gram | Yesterday | Today |
---|---|---|
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%) |
Gold exists in a volatile market, due to which rates of the metal change quite frequently in Hinganghat. If you are looking to invest in metal, then learning about the factors which affect its rates can help you make better investment decisions. Some of the factors that affect gold rates in Hinganghat are:
Just like any other commodity in the market, gold rates in Hinganghat are also affected by demand and supply. Since the availability of gold is finite, its supply is always limited, but over the years, the demand for gold has been increasing. Due to this constant increase in demand for gold, with limited supply, gold rates have been rising.
Due to the country's lack of substantial gold reserves, most of the gold demands are met through import. Therefore, import costs directly impact the rate of gold. In simple terms, if import costs are to increase due to any reason, a similar increase in gold rates can be noticed.
Taxes on gold purchases can have an impact on the gold rate in Hinganghat. An increase in taxes can result in a decrease in the price of gold in the city.
In India, festivals and auspicious occasions are marked with the purchase of gold. During the festival of Diwali, Dhanteras, and wedding seasons, you can see a rise in the demand for gold. This demand is short-term or seasonal. During this time, the demand and supply are affected, resulting in a change in the rates of gold in Hinganghat.
Fluctuations in currency can affect the gold prices in Hinganghat. A decline in the value of the Indian rupee may result in an increase in the gold rate in the city.
Day | 24K Gold | 22K 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%) |
Did you know you can invest in gold without buying its physical form? You don't have to pay hefty making - pay and own a solid investment for as long as you'd like. Here's how you can invest in gold in Hinganghat:
When buying gold in today's day and age, you need to exercise plenty of caution. Here are all how you can safeguard your investment:
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5636 | 5368 |
07 February 2023 | 0 | 0 |
Highest | 5726 | 5453 |
Lowest | 5636 | 5368 |
Investors have various options to choose from when investing in gold. Physical gold, such as gold coins and bullion, has long been popular due to its tangible nature and ability to hold value over time. However, digital gold has become increasingly popular, offering investors the same level of protection while allowing them to take advantage of more modern technology.
Physical gold has several advantages, such as storing it without any third party's aid. It also offers investors security, as the physical assets are not vulnerable to the same cyber threats as digital assets. On the other hand, physical gold can be more expensive to purchase and store.
Digital Gold is an innovative currency gaining traction in the financial world. It is different from traditional forms of currency as it is based on a digital platform rather than a physical form. This makes it more secure and easier to use and manage.
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