Last updated on: 8th Mar 2023 06:30 AM
Mohali, a city in the Indian state of Punjab, is a bustling hub of economic activity and a rapidly growing city. As a result, it offers a wide range of investment opportunities, including gold. Whether you're looking to purchase physical gold in the form of coins, bars, or jewelry, or invest in gold-based financial products like exchange-traded funds (ETFs) or mining stocks, Mohali has options to meet your needs.
In this blog, we'll take a closer look at the gold investment options available in Mohali, examining the advantages and disadvantages of each to help you make an informed decision about the best investment strategy for your financial goals.
10 grams of gold are present in one 'tola' of gold. Tola is a term that was used to measure gold by Ancient Indians and South Asians.
Gold rates in Mohali are mainly decided by The Indian Bullion Jewellers Association, also known as IBJA. IBJA determines the gold rates on a day-to-day basis. IBJA has all major gold dealers from across India as its members. They decide the gold rates after analyzing all major factors which play a vital role in gold price determination.
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹553.90 -1.00 (-0.18%) | ₹553.90 0.00 (0.00%) |
8 grams | ₹4,431.20 -8.00 (-0.18%) | ₹4,431.20 0.00 (0.00%) |
10 grams | ₹5,539.00 -10.00 (-0.18%) | ₹5,539.00 0.00 (0.00%) |
100 grams | ₹55,390.00 -100.00 (-0.18%) | ₹55,390.00 0.00 (0.00%) |
Generally, people confuse themselves about which form of gold to buy. Mohali's two major forms of gold are 22 karats and 24 karats. While making a sound purchase, you must carefully look at the following factors:
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,539.00 0.00 (0.00%) | ₹5,077.60 0.00 (0.00%) |
08 Mar 2023 | ₹5,539.00 -10.00 (-0.18%) | ₹5,077.60 -9.17 (-0.15%) |
07 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
06 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
05 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
04 Mar 2023 | ₹5,549.00 0.00 (0.00%) | ₹5,086.77 0.00 (0.00%) |
03 Mar 2023 | ₹5,549.00 15.00 (0.27%) | ₹5,086.77 13.75 (0.23%) |
02 Mar 2023 | ₹5,534.00 16.00 (0.29%) | ₹5,073.02 14.67 (0.24%) |
01 Mar 2023 | ₹5,518.00 11.00 (0.20%) | ₹5,058.35 10.08 (0.17%) |
28 Feb 2023 | ₹5,507.00 -16.00 (-0.29%) | ₹5,048.27 -14.67 (-0.24%) |
In 2017, the Goods and Services Tax (GST) went into effect. According to the regulation, a 3% GST would be charged on all kinds of gold purchases. Additionally, 5% GST is payable to the manufacturing costs associated with forming the gold into jewellery creations. Several factors impact the import duties on gold in India. These consist of:
Generally, gold prices in Mohali are dependent on the following factors:
How is the purity of gold evaluated in Mohali?
The purity of gold is evaluated by The Bureau of Indian Standards (BIS). BIS is a government authority that determines purity based on BIS Mark, Karat, and Jewellery Identification Mark.
What are some cautions that you need to exercise while buying gold?
What are some investment options for gold alternatives?
What are some interesting facts about gold?
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.