Gold rate in Neemuch
gold rate in neemuch

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

Neemuch, or Nimach, is a town in Madhya Pradesh that sits along the northeastern border of Rajasthan. Neemuch was formerly a British cantonment of Gwalior. With its historical approach, this town also serves as the administrative front.

22K & 24K Gold Rates Per Gram in Neemuch

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%)

Comparison Between 24K and 22K Gold

Gold is known for its purity; the Karat value of the Gold determines the purity value of the Gold.

24K Gold: It is 99.99% of Gold and is very expensive. However, it is not very durable and less dense compared to 22K Gold.

22K Gold: It is 91.67% of Gold. The remaining 8.33%consists of other metals like copper, zinc, nickel, and silver. It is not used for heavy ornamentation. There is variation in the colours pink Gold, rose Gold, White Gold, and green Gold.

Understanding The Demand For Gold In Neemuch

Gold is recognized s a noble metal. Most people love Gold as a wealth prospect, ornament, and any other possible material. Gold has the flexibility of a customizable design as per your preference.

Well, if we look into the demand for Gold, there is a change in the prices every day. Be it big or small, the fluctuations are constant. For special occasions and festivals, the demand for Gold seemingly increases. And the available amount of Gold also plays a role in the price determination of Gold. 

 

Historical gold rates in Neemuch 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 vs other investment options

Gold, known for its shiny and attractive nature, is far better than other investment options. Gold as an investment option has many specifications:

It is flexible in various ways.

It can be invested in physical and paper forms.

It can also be used in the form of bullion, coins, jewellery, etc.

Besides being an investment option, this can also be used as an element of decoration.

Gold vs Real Estate

Real estate investing is most commonly known among millennials. But how is investing in gold better than Real Estate?

  • Gold is more secure than Real Estate investment.
  • It needs a small amount rather than Real Estate.
  • Gold can be invested in various forms like coins, bullions, and mining companies. Real Estate doesn't offer variations in this matter.
  • Gold has stable fluctuations of value, while Real Estate values can change majorly in due time.

Gold vs Silver

Gold and Silver, both valuable metals, have different properties physical and economic. Investing in Gold is more secure than Silver.

  • Firstly Gold is more valuable than Silver.
  • Gold prices are more stable when compared to Silver prices.
  • The demand for Gold is higher than for Silver.
  • Talking about strength and durability, Silver tends to damage easily while Gold withstands.

Gold vs Mutual Funds

In today's rapidly evolving world, mutual funds are widely adopted among people, but it comes with its own set of cons as compared to Gold:

  • Mutual Fund returns depend on the skills of its manager while Gold has promising returns.
  • Mutual Funds demand huge maintenance fees but not gold.
  • Mutual Funds are volatile with stock changes which can be risky. Gold is secure and constant.

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

How is the Purity of Gold Evaluated in Neemuch?

The value of Gold is determined with Karats. On a scale of 14 to 24 Gold has different ways of testing its purity.

Karat 

The Karat value determines the fineness of Gold. It varies from 14k, 15k, 16k ,17k, 18k, 19k, 20k, 21k, 22k, 23k, 24k. The least values go down to 9k.

Hallmark

This hallmark is the mark of purity and the grade that is given to the Gold. This hallmark is to be checked with Gold purchased. This KDM is the ratio of cadmium to Gold which is 8 to 92%. While BIS 916 is the purity of the Gold as a final product.

Ductility

Gold metal is ductile. Gold can be extracted into strands with which fine jewellery can be made. The ductile property of Gold is on its uplifting factors of it.

Malleability

Gold is a malleable metal that makes it easy to bend into any desired shape. This also proves the fineness of Gold.

Lustrous quality

Known for its gleaming shine, Gold is a lustrous metal.

Trend of Gold rates in Neemuch

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

Impact of GST / Central Bank Policies on Gold Rate in Neemuch

Three types of import duties apply to Gold imports to India. With an additional 3% of GST.

  • Customs Duty - 12.5%
  • Agriculture Infrastructure and Development Cess (AIDC) - 2.5%
  • Social Welfare Surcharge - 10% of Customs Duty

The demand for future Gold contracts leads to the physical Gold value increasing with the rise in Gold prices.

The price value of the Gold fixed when it is bought in the market is known as the spot price of Gold. The demand for physical Gold increases the price of spot Gold.

Some Interesting Facts on Gold and Gold Rates Neemuch vs Other Cities

Neemuch has a high demand for Gold when compared to other cities. Gold is frequently preferred in this area, and without any heavy Gold production, the demand and the prices are high in this region. Besides this, the quality of Gold is very accurate and pure.

You can also invest in Gold mining companies as well. This also carries a low investment risk and is secure. Gold mining companies, as an investment, will have a global reach as well.

Gold coins, which are also similar to Gold bullion, technically have about 1%-5% above their underlying Gold values and sometimes even 10%.

 

FAQs of Gold price in Neemuch

Are there any taxes on the purchase of Gold?

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Why does the Gold price keep changing?

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What things are to be considered before buying Gold?

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