Last updated on: 8th Mar 2023 06:30 AM
The historical city of Jhansi is located in the Indian state of Uttar Pradesh. It is located in the far southern part of Uttar Pradesh, in the Bundelkhand region, along the Pahuj River. Over time, the city has become synonymous with courage and fearlessness. Jhansi holds a strong historical legacy that dates back to the 11th century. The place is also renowned for the valor of a 22-year-old Queen, Rani Lakshmi Bai, who challenged the British and fought them bravely.
People of Jhansi have preferred to invest in gold for decades. Sadar Bazar is the market where you will see all types of gold showrooms. Gold rates in Jhansi have been stable for months. However, with the recent decline of the Indian currency, the gold price has taken a hike.
Since gold is an investment, most people would agree that learning a few essential factors about it will help make informed purchases. Hence, looking into the gold price in Jhansi will be a wise idea. Let's know more!
Jhansi's gold prices have increased as a result of the implementation of the GST.
Before the implementation of the GST, buyers were required to pay a 1.2% value-added tax (VAT), a 10% import duty, and a 1% customs duty for their purchases of gold.
Buyers now have to add 3% GST to the final price after the implementation of the GST. Additionally, there will be a 5% GST on making charges if gold is used to create jewellery.
As a result, it has been noted that since the introduction of the GST, the tax burden on purchases of gold has increased.
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹553.90 -1.00 (-0.18%) | ₹553.90 0.00 (0.00%) |
8 grams | ₹4,431.20 -8.00 (-0.18%) | ₹4,431.20 0.00 (0.00%) |
10 grams | ₹5,539.00 -10.00 (-0.18%) | ₹5,539.00 0.00 (0.00%) |
100 grams | ₹55,390.00 -100.00 (-0.18%) | ₹55,390.00 0.00 (0.00%) |
Gold and fixed deposits are two different types of investments that have some similarities and some differences. Here are a few key points to consider when comparing gold and fixed deposits:
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,539.00 0.00 (0.00%) | ₹5,077.60 0.00 (0.00%) |
08 Mar 2023 | ₹5,539.00 -10.00 (-0.18%) | ₹5,077.60 -9.17 (-0.15%) |
07 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
06 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
05 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
04 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
03 Mar 2023 | ₹5,549.00 15.00 (0.27%) | ₹5,086.77 13.75 (0.23%) |
02 Mar 2023 | ₹5,534.00 16.00 (0.29%) | ₹5,073.02 14.67 (0.24%) |
01 Mar 2023 | ₹5,518.00 11.00 (0.20%) | ₹5,058.35 10.08 (0.17%) |
28 Feb 2023 | ₹5,507.00 -16.00 (-0.29%) | ₹5,048.27 -14.67 (-0.24%) |
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.
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 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.
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.
There is no denying the fact that the price of gold is on the rise. It would be best to observe the changing pattern of gold prices in Jhansi so that you can make sound investment decisions. Typically, when the price is on a downward curve, you are prompted to buy, and when the prices pick, you are encouraged to sell to make profits.
However, have you ever thought about the factors that affect the price of Gold in Jhansi? Discussed below are a few facts!
Which is a better option, a personal loan or a gold loan?
You might have to place someone or property as a guarantor for a personal loan. While if you have gold, it can easily qualify you to get loans based on the commodity as a guarantee. By now, you should be aware that gold acts as a long-term investment. Hence you can save yourself from many hassles if you consider taking a gold loan compared to a personal loan.
Does inflation impact gold prices in Jhansi?
What is KDM gold in Jhansi?
Can Jhansi jewellers sell gold that is not hallmarked?
What are the few effective ways to invest in gold besides physical gold?
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