Gold rate in Jhansi
gold rate in jhansi

24K Gold/ 10gm
56,440.00
0.00(0.00%)
22K Gold/ 10gm
53,750.00
0.00(0.00%)

Last updated on: 29th Jan 2023 9:00 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!

22K & 24K Gold Rates Per Gram in Jhansi

24K
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GramYesterdayToday
1gm
5,644.00
0.00 (0.00%)
5,644.00
0.00 (0.00%)
8gm
45,152.00
0.00 (0.00%)
45,152.00
0.00 (0.00%)
10gm
56,440.00
0.00 (0.00%)
56,440.00
0.00 (0.00%)
100gm
5,64,400.00
0.00 (0.00%)
5,64,400.00
0.00 (0.00%)

Factors Affecting Gold Prices in Jhansi 

 

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!

  • Demand: Considering the present economic scenario, people are more inclined to invest in gold; Increasing demand increases the commodity's price, and as a result, gold prices in Jhansi also rise.
  • Indian Rupee Value: Given that most physical gold is imported, the price of gold in rupees will rise if the Indian rupee depreciates against the dollar. 
  • Making Charges: The making charge is the price associated with creating and designing each item of gold jewellery you buy. Making charges differs from place to place based on gold handwork or machine-done features. Being a consumer, you should also be aware of the Goods and Services Tax (GST) charges that you have to pay other than the actual rate of gold.
  • Festivals: During the wedding and festive seasons, including the months of January, February, October, and November, the demand for gold in Jhansi increases significantly. People start buying gold for weddings well in advance and keep a sharp eye on the rates of gold. Wedding seasons record the highest selling rate annually.

Historical gold rates in Jhansi in last 10 days

1 gram
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Day24K Gold22K Gold
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%)
25 Jan 2023
5,649.00
0.00 (0.00%)
5,380.00
0.00 (0.00%)
24 Jan 2023
5,649.00
37.00 (0.66%)
5,380.00
35.00 (0.66%)
23 Jan 2023
5,612.00
10.00 (0.18%)
5,345.00
10.00 (0.19%)
22 Jan 2023
5,602.00
0.00 (0.00%)
5,335.00
0.00 (0.00%)
21 Jan 2023
5,602.00
-10.00 (-0.17%)
5,335.00
-10.00 (-0.18%)

Impact of GST on the Rate of Gold in Jhansi

 

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.

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

Gold vs Fixed Deposit: Which is Better Investment?

 

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:

  • Risk: Gold is generally considered a safe haven asset and is often seen as a hedge against economic and political uncertainty. However, the price of gold can be volatile and may fluctuate significantly over time. Fixed deposits, on the other hand, are generally considered a low-risk investment option, as they are backed by the stability and credibility of the financial institution.
  • Returns: The returns on gold investments depend on the price of gold and the form of investment, such as physical gold, gold futures, or gold ETFs. The price of gold can fluctuate significantly over time, so the returns on gold investments can be difficult to predict. Fixed deposits offer a fixed rate of interest, which is agreed upon at the time of investment. The returns on fixed deposits are generally lower than those on other, riskier investments, but they offer a predictable and stable source of income.
  • Liquidity: Gold can be sold at any time, as there is a active market for buying and selling gold. However, the price at which gold can be sold may vary significantly depending on market conditions. Fixed deposits, on the other hand, are generally less liquid, as they have a fixed term and the deposited money is not accessible until the term of the deposit has ended. Some financial institutions may allow early withdrawal of fixed deposits, but this may come with a penalty or lower interest rate.
  • Taxation: The taxation of gold and fixed deposit investments varies depending on the country and the specific tax laws in place. In general, gold investments may be subject to capital gains tax when they are sold, while fixed deposits may be subject to income tax on the interest earned. It is important to consult with a financial advisor or tax professional to understand the tax implications of these investments in your specific situation.

Trend of Gold rates in Jhansi

1 gram
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Day24K Gold22K Gold
01 January 202354295170
30 January 202356445375
Highest56915420
Lowest54025145

How is the Purity of Gold Evaluated in Jhansi?

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 Jhansi

Which is a better option, a personal loan or a gold loan?

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Does inflation impact gold prices in Jhansi?

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What is KDM gold in Jhansi?

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Can Jhansi jewellers sell gold that is not hallmarked?

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What are the few effective ways to invest in gold besides physical gold?

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