Gold rate in Jalna
gold rate in jalna

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 in central Maharashtra, Jalna district is renowned for its steel rolling mills, and sweet lemons (Mosambi).

Various industries operate in Jalna, including heavy engineering and plastics. However, 85% of the district is made up of agricultural land. Hence, the local economy depends primarily on agriculture and agri-industries.

Gold is a much sought-after commodity, used by locals primarily to make jewellery. Further, gold as an investment option is also popular.
The traditional value and historical appreciation of gold are some reasons contributing to its popularity in Jalna. The demand for gold in the district typically increases during the wedding season and festivities, driving up its rates.

Besides festivals, several reasons cause the price of gold to fluctuate periodically in Jalna and the rest of India. As a potential gold investor, you must know the current rates of gold. So, read on as we dive deep into the Jalna gold markets.

22K & 24K Gold Rates Per Gram in Jalna

24K
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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%)

Comparison Between 24-karat and 22-karat Gold

Purity:

  • 24-karat gold is the purest form of gold, with a purity of 99.9%.
  • 22-karat gold has a purity of 91.67% in 100 grams of alloy. The rest of the alloy consists of metals such as zinc, silver, and nickel.

Hallmark:

  • The hallmark for 24-karat gold is 999.
  • The hallmark for 22-karat gold is 916.

Suitability for Jewellery:

  • 24-karat gold is not suitable for making jewellery because it is too soft and fragile to withstand everyday wear and tear.
  • 22-karat gold is suitable for making jewellery because it contains a mixture of gold and other metals, which makes it more durable.

Value:

  • 24-karat gold is valued the highest among all variations of gold based on its purity.
  • 22-karat gold is valued lower than 24-karat gold.

Historical gold rates in Jalna in last 10 days

1 gram
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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 vs Mutual Funds

Market Influence:

  • The price of gold is affected by many factors, including market conditions, geopolitical conditions, inflation, currency fluctuations, and interest rates.
  • Mutual funds are directly impacted by market conditions.

Types:

  • Gold can be purchased in physical or digital form.
  • Mutual funds come in various types, including debt, equity, hybrid, and gold.

Liquidity:

  • Both gold and mutual funds are highly liquid investments.

Compounding:

  • Gold does not provide compounding benefits because it does not yield dividends or interest that can be reinvested.
  • Mutual funds, particularly growth funds, may provide favourable long-term results from compounding.

Income generation:

  • Gold does not generate income, but its market value may appreciate over time.
  • Mutual funds can provide monthly returns through systematic withdrawal plans.

Performance under adverse market conditions:

  • Gold prices tend to rise when the stock market declines because investors invest their surplus funds in assets like gold.
  • Mutual fund values may decrease during an economic downturn, but they usually stabilize once the market starts to rebound.

Tax benefits:

  • Gold investments do not typically offer tax benefits, with the exception of the gold monetization scheme and sovereign gold bonds.
  • Tax deductions are available for equity-linked savings schemes (ELSS) under Section 80C of the Income Tax Act, 1961.

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

What are alternatives to Physical Gold?

There are several alternatives to investing in physical gold, such as:

  • Gold Exchange-Traded Funds (ETFs): These are units of physical gold that are held in a dematerialized form. Each unit represents 1 gram of gold that is backed by 99.5% pure gold. Gold ETFs are open-ended funds, meaning they have no lock-in period. To invest in ETFs, you need a Demat account.
  • Sovereign Gold Bonds (SGBs): These are government securities issued by the Reserve Bank of India (RBI). They are available in multiples of grams, with the minimum investment set at 1 gram.
  • Gold Mutual Funds: These are mutual funds that invest in gold-based instruments such as gold ETFs, gold mining stocks, and gold futures. They offer the convenience of investing in gold without the need to physically own it.

Trend of Gold rates in Jalna

1 gram
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Day24K Gold22K Gold
01 February 202356365368
07 February 202300
Highest57265453
Lowest56365368

How is the Purity of Gold Evaluated in Jalna?

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 Jalna

What is KDM gold?

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Why does the Gold price in Jalna keep changing?

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How many grams of gold is one 'tola'?

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What is the GST on gold purchases in Jalna?

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What is the most important thing to check when buying gold?

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