Gold rate in Kohima

Kohima, the capital of Nagaland, is a popular city for buying gold. The city is known for its rich cultural heritage, with many festivals and celebrations taking place throughout the year. With its rapidly growing population, the demand for gold in Kohima has increased significantly in recent years. In this article, we will discuss the current gold rate in Kohima and some interesting facts about gold and gold rates in Kohima compared to other cities.

This article is intended to provide an overview of all the relevant information on gold rates in Kohima so that you can make an informed decision when making any gold purchase.

Understanding the Demand for Gold in Kohima

Kohima is the second-largest city in the state and is home to over 450,000 people.  As a result, the demand for gold in Kohima has grown significantly in recent years, with many people looking to invest in gold to celebrate festivals or secure their financial future.

Comparison Between 24K and 22K Gold

Gold is usually available in two varieties in Kohima - 24K gold and 22K gold. 24K gold is the purest form of gold and is 99.99% pure. It is usually more expensive than 22K gold, which is 91.6% pure. The price difference between 24K and 22K gold depends on the current gold rate in the international market and the taxes and other charges applicable in Kohima.

Gold vs Other Investment Options

Gold is considered to be one of the safest and most profitable investments, as it has historically been a reliable store of value in times of economic crisis. Gold is also a very liquid asset, which makes it easy to convert into cash if needed. Compared to other investment options such as stocks, bonds, and mutual funds, gold is less volatile and provides a more secure investment option.

How is the Purity of Gold Evaluated in Kohima?

The purity of gold in Kohima is usually evaluated using the Karat system. The Karat system is a standard measure of purity, with 24K gold being the purest form and 22K gold being the least pure. The purity of gold is usually indicated on gold jewellery, with the Karat value being stamped on it. Additionally, the purity of gold can also be tested by a professional goldsmith.

Impact of GST and Central Bank Policies on Gold Rate in Kohima

The gold rate in Kohima is affected by the Goods and Services Tax (GST) and the policies of the Central Bank of India. The GST rate on gold is currently 3%. Additionally, the Central Bank of India has taken various measures to regulate the gold market, such as introducing gold bonds, which has significantly impacted the gold rate in Kohima.