Gold rate in Kota
gold rate in kota

24K Gold/ 10gm
57,480.00
0.00(0.00%)
22K Gold/ 10gm
54,740.00
0.00(0.00%)

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

Kota, which is known as the third most populated city in Rajasthan, is located on the banks of Chambal river. Kota is also known as the educational hub of India, with multiple coaching institutions for engineering and medical admission examinations. This city is a thriving trade centre for agricultural products, weaving, dairy, metal handicrafts, chemicals and fertilisers. However, Kota has a unique identity with its exclusive gold jewellery, Doria and silk sarees, and the famous Kota stone.
For most Indian households, gold is considered as one of the oldest and most traditional forms of investment. Kota is one of the most popular places for buying gold jewellery. Despite various investment options available in the market, the demand for investment in gold has not witnessed a slump. Next, let's look at the current gold prices in Kota, some benefits of investing in gold, the documentation required, and much more.

22K & 24K Gold Rates Per Gram in Kota

24K
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GramYesterdayToday
1gm
5,748.00
0.00 (0.00%)
5,748.00
0.00 (0.00%)
8gm
45,984.00
0.00 (0.00%)
45,984.00
0.00 (0.00%)
10gm
57,480.00
0.00 (0.00%)
57,480.00
0.00 (0.00%)
100gm
5,74,800.00
0.00 (0.00%)
5,74,800.00
0.00 (0.00%)
Factors That Decide Gold Rate in Kota
1. Demand: Festivals and occasions such as marriages increase gold demand, increasing the gold rates. 2. Government policies: Tax and other duties imposed by the government also impact the gold rates. 3. Import costs: Since India doesn't produce its gold, import rates affect the price of gold. 4. Inflation: Gold prices tend to swell during inflation. 5. Transportation cost: Port cities may offer slightly lower prices, as the transportation cost adds to the price in mainland towns and cities. 6. Making Charges and GST: Making charges is not a tax, but there is a charge for designing the gold into coins or jewellery. The cost of GST is passed on to the end consumer when jewellers or merchants sell gold.

Historical gold rates in Kota in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,748.00
0.00 (0.00%)
5,474.00
0.00 (0.00%)
03 Feb 2023
5,748.00
0.00 (0.00%)
5,474.00
0.00 (0.00%)
02 Feb 2023
5,748.00
90.00 (1.60%)
5,474.00
85.00 (1.58%)
01 Feb 2023
5,658.00
26.00 (0.47%)
5,389.00
25.00 (0.47%)
31 Jan 2023
5,632.00
-16.00 (-0.28%)
5,364.00
-15.00 (-0.27%)
30 Jan 2023
5,648.00
0.00 (0.00%)
5,379.00
0.00 (0.00%)
29 Jan 2023
5,648.00
0.00 (0.00%)
5,379.00
0.00 (0.00%)
28 Jan 2023
5,648.00
16.00 (0.29%)
5,379.00
15.00 (0.28%)
27 Jan 2023
5,632.00
-63.00 (-1.10%)
5,364.00
-60.00 (-1.10%)
26 Jan 2023
5,695.00
42.00 (0.75%)
5,424.00
40.00 (0.75%)
How to invest in Gold?
Traditionally, people buy gold in the form of coins, jewellery and bars. However, gold-related stocks and mutual funds are also emerging as forms of investment. If you live in Kota, you can invest in gold in the following ways:
Physical Gold
Coins and bars are available in different weights and can be purchased from a bank or a certified jewellery store. Jewellery can be bought from any jewellery store in Kota city.
Gold Exchange Traded Funds (ETFs)
Gold investments are becoming increasingly popular these days. If you are looking at investing in digital gold in Kota, you can purchase ETFs online. Remember that each ETF unit equals 1 gram of gold when buying online. ETFs are held in electronic form. Hence, unlike physical gold, it is safe from theft. For investing in gold ETFs, you will need a Demat (Dematerialised) Account.
Gold Mutual Funds
Managed by asset management companies, these mutual funds focus on either holding units of gold-related funds or stocks of gold companies.
Sovereign Gold Bonds (SGBs)
Released periodically by the Reserve Bank of India (RBI), these bonds can be purchased through banks, post offices, or brokers recognised by the Securities and Exchange Board of India (SEBI). These are backed by the Government of India.

Weekly & monthly gold rate in Kota
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Documents Needed for Investing in Gold in Kota
You will need some basic documentation to invest in most forms of gold in Kota. - Physical gold: For a purchase value of rupees 2 lakhs or more, a PAN card is required. - Gold ETFs and mutual funds: A brokerage and a Demat account are required. - SGBs: These require proof of identity and address for investing.

Trend of Gold rates in Kota

1 gram
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Day24K Gold22K Gold
01 February 202356585389
05 February 202300
Highest57485474
Lowest56585389
Risks of Investing in Gold in Kota
Just like any other type of investment, investing in gold also has its own set of risks. - Physical Gold: When bought in the form of jewellery, the quality and making charges (which are irrecoverable) vary from store to store. Also, possessing gold coins, bars, or jewellery comes with storage issues and the risk of theft. - Digital Gold: Like other mutual funds, gold ETFs and mutual funds are subject to market risks because of real-time gold prices. - Sovereign Gold Bonds: As this is directly related to international prices of gold, the investment could lead to capital loss.
Frequently Asked Questions on Gold Price in Kota
How is the gold rate in Kota determined?
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Do banks buy back gold coins and bars?
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Is the price of gold the same across India?
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What should I check before buying physical gold in Kota?
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