Last updated on: 3th Feb 2023 10:00 AM
Nestled against the foothills of the Himalayas, Jammu is the winter capital and largest city in the district of Jammu. Also known as the City of Temples, Jammu is famous for Hindu mandirs and shrines, both historical and modern. It is one of the most beautiful cities in India and the most visited place in J&K.
The city is a flourishing hub of business and culture in the Jammu region, consisting of numerous rice mills and industrial manufacturing units. Tourism is one of the top-performing industries. Besides pashmina shawls and hand-woven carpets, there is also a steady and consistent demand for gold in Jammu.
The demand for gold in Jammu depends on several factors. At the top of the list is the gold rate in Jammu today. Let's take a look at what affects the gold price.
Gram | Yesterday | Today |
---|---|---|
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%) |
Day | 24K Gold | 22K 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%) |
The GST rules in union territories are slightly different from the other cities and states of India. Certain products are exempted from GST charges.
GST is levied on the purchase of gold in Jammu. The rate of GST, in this case, is 3%. This means you have to pay 3% GST on the price of gold whenever you are buying it. Apart from that, there is also a 5% GST charge added to the making charge of the gold jewellery.
Also, there is a separate import duty of 10% that is levied on the price of imported gold.
Gold investments have been popular in Jammu for years. However, nowadays gold investments are very different from what they used to be. Traditionally, people stocked up on gold bars, coins, and jewellery as a store of value. These investments were purchased from local gold shops and then stored safely in lockers at home.
Currently, the concept of gold investment has changed. Everything is digital or dematerialised. You can invest in digital gold for years without ever having to store it in a locker or even touching the yellow metal. You can opt for new-age gold investment methods such as gold mutual funds and gold ETFs.
Remember that gold mutual funds don't invest directly in gold - instead, they invest in companies that produce gold. If you want to invest directly in gold, ETFs are a better option. You can also opt for digital gold.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5654 | 5385 |
07 February 2023 | 0 | 0 |
Highest | 5744 | 5470 |
Lowest | 5654 | 5385 |
Whether it is 24-karat, 22-karat, or 18-karat gold, it looks the same. It is impossible to tell the different variations apart from eyeballing it.
The 916 hallmark that was launched by the Bureau of Indian Standards (BIS) answers this problem. It is a stamp or a sign of authentication which proves the gold to be of 22-karat or 91.6% purity.
916 hallmarked gold rates are the same as the 22-karat gold rate in Jammu.
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