Gold Rate Today in Jalpaiguri
Last updated on: 8th Mar 2023 06:30 AM
Jalpaiguri is in the western Indian state of West Bengal. The Jalpaiguri district and divisional headquarters for all five North Bengal districts in West Bengal are located here. Jalpaigurians hold a positive view of gold jewellery and its use in celebrations. Festivals and weddings keep Jalpaiguri's desire for gold at an all-time high. In Jalpaiguri, gold is mostly utilised by residents for the production of jewellery and the securing of financial assets. If you also wish to invest in gold in Jalpaiguri, then read on to learn more about gold rates in the city.
Gold Rate Comparison - 22K vs 24K
How Does Jalpaiguri Determine How Pure a Piece of Gold Is?
Gold's value is set almost entirely by its purity. Sometimes unknowing purchasers are offered gold that isn't 100% pure. This is why checking the gold's genuineness is crucial.
Certificates of gold purity are issued by the government body known as the Bureau of Indian Standards (BIS). The following are some things to consider before buying gold, as suggested by the BIS.
BIS Symbol
All hallmarked pieces of jewellery bear the BIS logo. Remember that BIS is the only officially recognised lab in India capable of issuing the gold certification. Hence this logo is mandatory.
Karat
The karat scale is used to quantify the degree to which gold has been refined. Because of its softness and lack of durability, 24-carat gold is the least desirable gold purity. The market norm for gold is now 22 karats, with additional metals added since then.
Jewellers Identification Mark
Only gold bearing a jeweller's hallmark is genuine gold. This helps to ensure that the gold is from a trustworthy source. You can utilise the trademark as evidence in a lawsuit.
Today's 22K & 24K Gold Rates Per Gram in Jalpaiguri
| Gram | Yesterday | Today |
|---|---|---|
| 1 gram | ₹558.60 -1.10 (-0.20%) | ₹558.60 0.00 (0.00%) |
| 8 grams | ₹4,468.80 -8.80 (-0.20%) | ₹4,468.80 0.00 (0.00%) |
| 10 grams | ₹5,586.00 -11.00 (-0.20%) | ₹5,586.00 0.00 (0.00%) |
| 100 grams | ₹55,860.00 -110.00 (-0.20%) | ₹55,860.00 0.00 (0.00%) |
Gold vs. FD
Both gold and fixed deposits are popular investment instruments. However, both share some differences, too. To begin with, returns from FD are guaranteed and fixed. Market fluctuations or economic conditions don’t affect your interest income.
On the other hand, gold rates can fluctuate. This is because gold rates get decided daily. They could go up or down based on economic conditions. But per historical trends, gold rates have always gone up in the longer term.
Historical Gold Rate in Jalpaiguri for Last 10 Days
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹5,586.00 0.00 (0.00%) | ₹5,120.69 0.00 (0.00%) |
| 08 Mar 2023 | ₹5,586.00 -11.00 (-0.20%) | ₹5,120.69 -10.08 (-0.17%) |
| 07 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
| 06 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
| 05 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
| 04 Mar 2023 | ₹5,597.00 0.00 (0.00%) | ₹5,130.77 0.00 (0.00%) |
| 03 Mar 2023 | ₹5,597.00 16.00 (0.29%) | ₹5,130.77 14.67 (0.24%) |
| 02 Mar 2023 | ₹5,581.00 16.00 (0.29%) | ₹5,116.10 14.67 (0.24%) |
| 01 Mar 2023 | ₹5,565.00 10.00 (0.18%) | ₹5,101.44 9.17 (0.15%) |
| 28 Feb 2023 | ₹5,555.00 -15.00 (-0.27%) | ₹5,092.27 -13.75 (-0.23%) |
How is the Purity of Gold Evaluated in Jalpaiguri?
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.
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.
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.
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.
Gold Investment Options in Jalpaiguri
Several options are available if you wish to invest in gold in Jalpaiguri. Read on to learn more.
Investment in Solid Gold
Investing in gold coins, biscuits, or bars is a cliche since it involves physically handling the physical commodity. There is little chance of counterfeiting with this type of transaction, but there is a far higher chance of loss in transit or while being stored.
Gold Schemes
It's not uncommon for jewellers to provide various gold-related promotions to their consumers. In the gold programme, like with a SIP, an investor must put away a set amount of money each month for a set amount of time. At the end of the term, the investor receives a lump sum that may be used to buy gold.
Digital Gold
Recently, digital gold has seen tremendous growth in the financial sector. For those interested in making a digital purchase as simple as buying a book online, fintech companies also provide this service for gold. Digital gold is not available on all exchanges, so potential buyers need to do their research to avoid being scammed.
Sovereign Gold Bonds
In 2015, the government of India launched a new debt instrument called Sovereign Gold Bonds, supervised by the Reserve Bank of India. Its release is to provide an option other than purchasing physical gold as an investment. Although there is typically a 5-year lock-in period, Sovereign Gold Bonds can be redeemed for cash at any time.
FAQs of Gold Rate in Jalpaiguri
How do I know if I should buy 22K or 24K gold?
It is advised that jewellery be made of 22-karat gold. Since pure 24K gold is very pliable, jewellery made from it will rapidly become distorted. Jewels set with 22K gold, which has been alloyed with other metals, will be more secure. However, if you're simply interested in gold as a long-term investment, 24K gold is the purest option.
How many grams of gold are present in one 'tola' of gold?
Why should I buy digital gold?
When buying gold, how can I determine if it is genuine?
What should I keep in mind while selling old gold jewellery?
Sovereign Gold Bond
2.5% p.a. + Gold price increase
- RBI issued bonds
- Best deals filtered for you
- Tax exempted when held till maturity
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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.