Gold rate in Kalyan
gold rate in kalyan

24K Gold/ 10gm
57,260.00
0.00(0.00%)
22K Gold/ 10gm
54,530.00
0.00(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

The historic twin towns of Kalyan and Dombivli are in Maharashtra's Thane district. They come under the Mumbai metropolitan region and are administered by the Kalyan Dombivli Municipal Corporation.

Both towns are steeped in history and bear numerous relics of an ancient and glorious past. Dombivli finds a mention in stone inscriptions in Mahul village near Turbhe Port, dating back to 1075.

Kalyan, a prosperous port city, was subjected to numerous invasions, ranging from the Mughals and Portuguese to the British.

It is, however, recognised as a Maratha and Peshwa bastion and is best known as a strategic place that Marathas conquered back from the Mughals.

22K & 24K Gold Rates Per Gram in Kalyan

24K
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GramYesterdayToday
1gm
5,726.00
0.00 (0.00%)
5,726.00
0.00 (0.00%)
8gm
45,808.00
0.00 (0.00%)
45,808.00
0.00 (0.00%)
10gm
57,260.00
0.00 (0.00%)
57,260.00
0.00 (0.00%)
100gm
5,72,600.00
0.00 (0.00%)
5,72,600.00
0.00 (0.00%)

Factors that affect the gold rate 

The relationship between gold prices and inflation

It indicates that higher inflation levels will most likely result in higher prices for gold because the value of money is likely to decrease. Inflation tends to be directly related to fluctuations in the price of gold.

Indian jewellery market's effect on gold prices

The importance of gold in Indian households is well known, especially during the festival and wedding seasons. Additionally, prices rose throughout the festive period due to increased consumer demand for gold. It's significant to notice that, according to a World Gold Council (WGC) report from 2019, Indian families have collected about 25,000 metric tons of gold overall, making India the largest gold-holding nation in the world.

Effects of exchange rate changes and import taxes on gold prices

Any changes in the US dollar or Indian rupee may affect gold prices in India because gold is traded in USD on international markets. The value of gold is likely to rise in Indian rupees if the rupee were to decrease against the USD. India also imports a lot of gold because it is one of the top metal users, with imports covering 89% of the demand. As a result, import taxes significantly influence gold prices in India.

The effect of interest rates on the gold price

Interest rates and gold prices are inversely related. When interest rates decline, people find it challenging to earn satisfactory returns on any deposits and think investing in gold would provide better returns. As a result, demand for gold rises, as do the prices. In contrast, as interest rates increase, people usually sell their gold and invest in deposits to earn higher interest, resulting in falling demand and prices for gold.

Historical gold rates in Kalyan in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,726.00
0.00 (0.00%)
5,453.00
0.00 (0.00%)
03 Feb 2023
5,726.00
0.00 (0.00%)
5,453.00
0.00 (0.00%)
02 Feb 2023
5,726.00
90.00 (1.60%)
5,453.00
85.00 (1.59%)
01 Feb 2023
5,636.00
26.00 (0.47%)
5,368.00
25.00 (0.47%)
31 Jan 2023
5,610.00
-16.00 (-0.28%)
5,343.00
-15.00 (-0.27%)
30 Jan 2023
5,626.00
0.00 (0.00%)
5,358.00
0.00 (0.00%)
29 Jan 2023
5,626.00
0.00 (0.00%)
5,358.00
0.00 (0.00%)
28 Jan 2023
5,626.00
16.00 (0.29%)
5,358.00
15.00 (0.29%)
27 Jan 2023
5,610.00
-63.00 (-1.11%)
5,343.00
-60.00 (-1.11%)
26 Jan 2023
5,673.00
42.00 (0.75%)
5,403.00
40.00 (0.75%)

Gold investment options in Kalyan-Dombivli

There are several ways to purchase gold as an investment:

  • Physical gold: Almost everyone is aware of physical gold. The most common forms of physical gold are jewellery, coins, bars, etc. This implies investing money directly in actual gold. Future sales of physical gold may fetch a higher price. It does have certain disadvantages, such as making costs (for jewellery) and expenses, as well as concerns related to storage and safekeeping.
  • Exchange-traded funds (ETFs): Gold and stocks of gold mining and production firms are the main underlying assets of gold exchange-traded funds, which are traded on stock exchanges like shares. A Demat account is necessary for investing in gold ETFs.
  • Digital gold: With digital gold, you can invest in and buy gold virtually without possessing the physical metal. You can invest in virtual gold through reputed websites. You can start small and build up your gold holdings in an insured safe until maturity. Gold:
  • Sovereign gold bonds (SGBs): Government securities valued in gold grams are known as sovereign gold bonds. Because they are issued on behalf of the Government of India through the Reserve Bank of India (RBI), sovereign gold bonds are the safest method of investing in gold. These bonds are traded on an exchange. Therefore, to purchase sovereign gold bonds, the buyer must deposit the issue price in cash with a SEBI-approved stockbroker.
  • Gold mutual funds: These are funds that invest mainly in gold ETFs and are managed by multiple asset management companies (AMCs).

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

The effect of GST on the price of gold in Kalyan-Dombivli

The GST for gold in Kalyan-Dombivli is approximately 3%, and there are various other charges involved in the gold rate, including processing fees and customs duties. For gold, the processing charge and the customs duty are both 5%.

Interesting facts about gold

  • Gold is highly ductile (can be drawn into thin wires). It is said that five miles (8 kilometres) of gold thread can be made from a single ounce of gold (28 grams). The fine line can even be used for embroidery.
  • Despite being a dense, thick metal, gold is mainly non-toxic. While it can be ingested in small quantities in foods and beverages, some people are allergic to it.
  • Beyond its economic and ceremonial importance, gold has numerous other applications. It is utilised in electrical wiring, electronics, medicines, dentistry, radiation shielding, and painting glass, among other things.

Trend of Gold rates in Kalyan

1 gram
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Day24K Gold22K Gold
01 February 202356365368
07 February 202300
Highest57265453
Lowest56365368

How is the Purity of Gold Evaluated in Kalyan?

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 Kalyan

Are 22 Karat and 24 Karat gold rates different in Kalyan?

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What is Hallmark gold?

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Is there a tax on gold purchases in Kalyan?

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What causes the gold price in Kalyan to fluctuate so much?

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