Last updated on: 3th Feb 2023 10:00 AM
Jagdalpur in the Bastar district of Chattisgarh has a rich heritage with its share of palaces and monuments. If you are looking for a destination that has retained its natural beauty untouched by commercialism, it must be the land of the tribals, Jagdalpur. The roadways connect the city to neighbouring Raipur and Jeypore.
The people of Jagdalpur buy gold during two seasons, Viz. the season of the falling market as a hedge and during festivals and auspicious days. During these seasons, the demand for gold in Jagdalpur rises considerably, elevating the gold rates in the city.
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%) |
People attach differing values to gold in the various cities in India, which may be emotional, financial, and cultural. But is there a difference in Jagdalpur concerning gold and its rates compared with other cities? Here are some interesting facts:
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%) |
What's the difference between 24K and 22K gold? The only difference is purity. 24K gold is 999.9% pure gold, but 22K gold is 91.67% pure gold and 8.33% alloys. Why do people buy 22K gold?
Gold is malleable and fragile in its natural form, and Jewellers find it challenging to mould it into delicate ornaments. Moreover, ornaments of 24K gold are brittle and will break easily. Thus, combining 22 parts of gold with an alloy is necessary to make ornaments. Also, if you want to make ornaments with precious stones like diamonds, rubies or emeralds, it is better to use 18K gold for a better hold. That will ensure a better grip and reduce the chances of losing the precious stone.
Investors have several investment options, and the one that is gaining much popularity these days is digital currency or cryptocurrency (Crypto). The question is whether it fares better than gold, and let's find out.
The most significant plus point of investing in crypto is that you can trade without intermediaries and thus save on commission. However, gold proves to be a better investment than crypto:
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5636 | 5368 |
05 February 2023 | 0 | 0 |
Highest | 5726 | 5453 |
Lowest | 5636 | 5368 |
Good and Services Tax (GST) applies to the gold you buy in Jagdalpur as follows:
Price of Gold X its weight + making charges on gold ornaments + GST @ 3% (the cost of jewellery +making charges).
The prices of gold in Jagdalpur have thus gone up by 0.75% because of the custom duty at 10% and GST at 3%.
Therefore, if you are buying 10 grams of gold, the purchase will cost you as follows.
Cost calculation of gold purchase:
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