Last updated on: 8th Mar 2023 06:30 AM
Jorhat lies in the northeast region of India in the state of Assam. It is known for its rich culture and traditions and beautiful tea gardens. It is an important city, both culturally and commercially. Gold is a popular choice when it comes to its residents' investment choices. It is considered a safe investment. Thus, people include gold in their investment portfolios to ensure a balanced approach to securing their future.
Gold in Jorhat can be purchased in its physical form and paper gold, based on your personal preferences. Read on to learn more about the gold rates in Jorhat today and various factors affecting its prices and demand across Jorhat.
When it comes to investing in Gold in Jorhat, there are two ways to go about it. You can either invest in gold by buying it in its physical form. This includes purchasing gold jewellery, coins and bars, or if you do not want to own gold in its physical form, you can invest in paper gold. These come in many forms like Sovereign Gold Bonds, Gold Exchange-traded Funds (ETFs), Gold Mutual Funds, Digital Gold and more. One of the major advantages of investing in paper gold is that it frees you of the stress and charges that come with the storage of physical gold.
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%) |
Here are some interesting facts about gold that will further pique your interest in this precious metal:
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%) |
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.
Many factors like supply and demand, government regulations and duties, the type and quality of gold, etc, determine gold prices. Here are some of the most crucial factors affecting gold rates in Jorhat:
Supply and demand of gold play a significant role in determining its price. When the supply is on the higher end, but the demand is low, the prices of gold at that time will be low. But when the demand increases, so does the price of gold. For example, during festivals like Diwali or Dhanteras, there is a heavy demand for gold in Jorhat. At that time price of gold will also increase.
Government levies several duties on gold. These include:
There is also a 3% GST levied on gold purchases and a 5% GST on making charges for gold. Sometimes the government can bring policies in favour of the metal, which can result in the decline of gold rates in Jorhat.
The purer the gold, the higher its prices will be. The purity of gold is measured in karats (K). The purest form of gold is 24K. However, it is too malleable to make jewellery out of it. Hence, gold jewellery is mixed with other metals to give it strength. Although, if you want gold in its purest form, i.e. 24K, you can buy coins and bars.
What is 916 Gold?
Although not widely used, the term 916 gold describes 22-Karat Gold (which has 91.6%) purity.
What are the most popular uses of gold in Jorhat?
Where should I buy gold in Jorhat?
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.