Gold rate in Jalandhar
gold rate in jalandhar

24K Gold/ 10gm
57,440.00
0.00(0.00%)
22K Gold/ 10gm
54,700.00
0.00(0.00%)

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

The third densely-populated city of Punjab, Jalandhar, is home to India’s premier leather industry. The city is known globally for its finest leather raw materials for footwear, and accessories, among other things. A sports hub and a thriving cultural hub with historical landmarks, the city witnesses an influx of domestic and international travellers throughout the year.

 

It is also home to a flourishing gold jewellery market. Several earmarked gold shops are spread across the city. Hence, the local community in Jalandhar has several gold-buying and trading options.

 

Most Indian households have always considered gold a safe investment option. It acts as a hedge against inflation but, most importantly, signifies prosperity. Hence, the demand for gold peaks during festivities when people buy it in large quantities.

 

So, are you looking to invest in gold in Jalandhar? Here are insights that will help you make an informed decision.

22K & 24K Gold Rates Per Gram in Jalandhar

24K
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GramYesterdayToday
1gm
5,744.00
0.00 (0.00%)
5,744.00
0.00 (0.00%)
8gm
45,952.00
0.00 (0.00%)
45,952.00
0.00 (0.00%)
10gm
57,440.00
0.00 (0.00%)
57,440.00
0.00 (0.00%)
100gm
5,74,400.00
0.00 (0.00%)
5,74,400.00
0.00 (0.00%)

Factors Affecting Gold Prices in Jalandhar

 

  • Inflation
    Inflation determines gold prices in the city to a large extent. This is because gold acts as a hedge against inflation. As inflation rises, people rush to buy gold which, in turn, increases its demand, causing gold rates to rise.
  • Fluctuations in Currency Value
    Gold rates also change due to fluctuations in the value of the Indian currency vis-a-vis the dollar. Gold is traded globally in US Dollars. When the value of the Dollar changes, it impacts gold prices internationally, including in India.
  • Government Gold Reserves
    The Government of India holds substantial Gold reserves. It buys and sells gold via the Reserve Bank of India. Gold prices in Jalandhar may go up or down depending on whether the Government is buying or selling gold.
  • Government Policy Changes
    A change in government policy like import rules or taxation usually influences gold rates in Jalandhar.

Historical gold rates in Jalandhar in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
03 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
02 Feb 2023
5,744.00
90.00 (1.60%)
5,470.00
85.00 (1.58%)
01 Feb 2023
5,654.00
26.00 (0.47%)
5,385.00
25.00 (0.47%)
31 Jan 2023
5,628.00
-16.00 (-0.28%)
5,360.00
-15.00 (-0.27%)
30 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
29 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
28 Jan 2023
5,644.00
16.00 (0.29%)
5,375.00
15.00 (0.28%)
27 Jan 2023
5,628.00
-63.00 (-1.10%)
5,360.00
-60.00 (-1.10%)
26 Jan 2023
5,691.00
42.00 (0.75%)
5,420.00
40.00 (0.75%)

How Does GST Impact Gold Rates in Jalandhar?

 

The Goods and Services Tax (GST) has increased gold rates in Jalandhar.

Before GST came into effect, the tax structure on gold prices was - 10 % import duty, 1.2 % value-added tax, and 1 % customs duty.

However, after GST implementation, 3% GST and 12.5% basic import duty are imposed on the gold price, thus increasing gold prices in Jalandhar.

In addition, Jalandhar-based gold buyers must also pay 5-35% making charges depending upon the seller, which leads to an overall increase in the gold rates.

Weekly & monthly gold rate in Jalandhar
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

Investment Options for Gold in Jalandhar

 

Since Jalandhar is an industrial belt, gold investment is of considerable interest across most households. There is also considerable interest in gold investment when it comes to buying physical gold. These include jewellery and bullion (gold coins and bars). Traditionally, the people of Jalandhar are known to buy gold jewellery during weddings and festive occasions.

Now, digital gold, gold ETFs, gold mutual funds, and sovereign gold bonds have become popular options. A person can start investing in these options at no extra cost other than 3% GST, and there is no risk of theft or storage-related issues. Buying and selling digital gold online is secure and transparent, making it a viable option for those who want to begin investing. An added advantage is that you can sell back gold digitally to the platform you bought it from.

Trend of Gold rates in Jalandhar

1 gram
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Day24K Gold22K Gold
01 February 202356545385
05 February 202300
Highest57445470
Lowest56545385

Know More about 916 hallmarked Gold Rates in Jalandhar

 

The World Gold Council classified gold based on purity levels. 24-Karat gold is gold in its purest form, containing 99.9% purity. In contrast, 22-Karat gold has 91.6% gold. Essentially, it combines gold with other metals to ensure durability. 916 hallmarked gold denotes the 22-Karat variant. It is a mark of authenticity and purity.

The Bureau of Indian Standards (BSI) hallmarks gold in India and thus guarantees its purity level. However, only some people are aware of this aspect while buying gold.

When you go shopping for gold, make sure that you look out for the BSI logo, the year of manufacture, and the numbers ‘916’ at the end.

Remember that 916 hallmarked 22-Karat gold rates can differ from one city to another.

FAQs of Gold price in Jalandhar

Which one should we prefer - a gold loan or a personal loan?

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Which are the top gold jewellers in Jalandhar?

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How many grams of gold is one 'tola?'

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Which one should I buy? 24-Karat or 22-Karat?

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Which are the different gold investment options apart from physical gold?

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