Gold Rate Meerut
Last updated on: 1st Jun 2023 08:40 AM
Meerut is an industrial city in western Uttar Pradesh. It is also known as the 'sports city of India.' This economically vibrant and populous city has become a significant hub of gold trade.
Many people in Meerut buy physical gold (usually gold ornaments, coins, biscuits or bars) from jewellery stores during the wedding and festive seasons. Its proximity to Delhi and high average income have made Meerut a prime centre for gold trade in Uttar Pradesh.
So, if you are looking to buy gold in Meerut, continue reading to learn about the per-gram gold price in this city for 24-karat and 22-karat gold.
You can either buy physical gold in Meerut or explore other alternatives.
Buying jewellery is the most popular mode to purchase gold in the city. Demand for gold jewellery spikes during wedding seasons. In Meerut, this season starts in October and continues till December. The next wedding season starts in February and continues till April.
Auspicious occasions like Dhanteras and Diwali are also peak seasons to buy physical gold. During these festivals, the demand for physical gold coins, gold biscuits and gold bars increases.
There are various alternatives to physical gold. If you want to invest in gold for investment purposes, you can buy sovereign gold bonds, gold savings schemes, gold ETFs (Exchange-Traded Funds), and gold mutual funds.
GST has increased the gold rate in Meerut. You have to pay 3% GST on the gold price, along with an import duty of 10%.
In the pre-GST tax regime, one was required to pay 1.2% VAT (Value Added Tax), 10% import duty, and 1% customs duty. When all these taxes and duties are combined, it equates to 12.2%.
However, in the GST regime, you have to pay 13% (3% GST + 12.5% import duty + Agriculture Infrastructure Development Cess).
|Day||24K Gold||22K Gold|
|01 Jun 2023|
|31 May 2023|
|30 May 2023|
|29 May 2023|
|26 May 2023|
|25 May 2023|
|24 May 2023|
|23 May 2023|
|22 May 2023|
|19 May 2023|
When buying physical gold jewellery, coins, biscuits or bars in the city, you should keep these things in mind:
Where can I buy gold ornaments, coins, biscuits and bars in Meerut?
The best jewellery shops to buy gold ornaments, coins, biscuits and bars in Meerut include the following:
What are the different types of gold hallmarks I can find in jewellery stores in Meerut?
What are the different types of gold colours available in Meerut’s jewellery stores?
What have been the highest rates of gold in Meerut in 2022 so far?
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.