Gold rate in Nizamabad
gold rate in nizamabad

24K Gold/ 10gm
57,490.00
0.00(0.00%)
22K Gold/ 10gm
54,750.00
0.00(0.00%)

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

The city of Nizamabad lies in Telangana's northwest region. It has had many rulers throughout its history. The city's commerce has historically relied on gold, with jewellers enjoying royal support. Additionally, locals have a fondness for the yellow metal, which contributes to controlling the prices of this precious metal. The festival season brings a surge in the gold business for bazaars and artists.
The steadiness of the gold investment portfolio is widely established. Indians believe that buying gold will help them financially in the long run. You may ask, how many varieties of gold are available in the market? Gold is categorised according to its purity, and the market offers more than five different types of gold. However, just three types — 24-karat, 22-karat, and 18-karat gold — appeal the most to consumers.
By the end of this article, you will have enough knowledge of the gold rates in Nizamabad, why the rates fluctuate, what substitutes are available, and some common doubts that you may have while purchasing gold.

22K & 24K Gold Rates Per Gram in Nizamabad

24K
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GramYesterdayToday
1gm
5,749.00
0.00 (0.00%)
5,749.00
0.00 (0.00%)
8gm
45,992.00
0.00 (0.00%)
45,992.00
0.00 (0.00%)
10gm
57,490.00
0.00 (0.00%)
57,490.00
0.00 (0.00%)
100gm
5,74,900.00
0.00 (0.00%)
5,74,900.00
0.00 (0.00%)
Factors Influencing the Gold Prices in Nizamabad
Have you ever wondered why gold prices keep on fluctuating every day? The gold rates in Nizamabad keep changing regularly due to several factors such as interest rates, demand, local taxes, transportation costs, state taxes, government reserves, and other expenses incurred by jewellers in Nizamabad. The major factors among these are: - Interest Rates: This is a significant factor. Investors sell gold and buy fixed-earning securities as interest rates increase in developed nations. - Demand: As we all have studied, prices usually rise for items that are high in demand and fall for items less in demand. - Government Reserves: The Government of India, which sells and buys gold through the Reserve Bank of India, is the owner of the country's gold reserves. According to the price and quantity of gold that the government trades in, gold prices witness a hike or drop.

Historical gold rates in Nizamabad in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,749.00
0.00 (0.00%)
5,475.00
0.00 (0.00%)
03 Feb 2023
5,749.00
0.00 (0.00%)
5,475.00
0.00 (0.00%)
02 Feb 2023
5,749.00
121.00 (2.15%)
5,475.00
115.00 (2.15%)
01 Feb 2023
5,628.00
23.00 (0.42%)
5,360.00
22.00 (0.42%)
31 Jan 2023
5,605.00
-13.00 (-0.23%)
5,338.00
-12.00 (-0.22%)
30 Jan 2023
5,618.00
0.00 (0.00%)
5,350.00
0.00 (0.00%)
29 Jan 2023
5,618.00
0.00 (0.00%)
5,350.00
0.00 (0.00%)
28 Jan 2023
5,618.00
6.00 (0.11%)
5,350.00
5.00 (0.10%)
27 Jan 2023
5,612.00
-37.00 (-0.65%)
5,345.00
-35.00 (-0.65%)
26 Jan 2023
5,649.00
37.00 (0.66%)
5,380.00
35.00 (0.66%)
Taxes Levied on Gold Rates in Nizamabad
Three types of import duties are applied to gold imports in India. - Customs Duty: 12.5% - Agriculture Infrastructure and Development Cess (AIDC): 2.5% - Social Welfare Surcharge: 10% of Customs Duty
The introduction of GST has affected both worldwide trends and the gold rate in Nizamabad. Along with these three types of import duties, a 3% GST is imposed on the purchase of gold in India. The implementation of GST has increased the gold rates in Nizamabad, as opposed to the pre-GST regime.

Weekly & monthly gold rate in Nizamabad
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Substitutes of Physical Gold in Nizamabad
If you are planning to invest in physical gold but are worried about keeping it secure, there are a few substitutes that you can look at. Physical gold is the traditional way of buying gold from jewellers. However, there are different options available in Nizamabad to invest in gold besides physical gold. They are: - Sovereign Gold Bonds: Gold bonds are government securities that are denominated as grams of gold. The Reserve Bank of India (RBI) issues these gold bonds on behalf of the Government of India. An investor pays the issue price in cash and redeems the gold bonds in cash on maturity. - Gold Exchange-Traded Funds (ETFs): A gold ETF is an open-ended mutual fund scheme that tracks the changing cost of gold. One gold ETF represents one gram of gold of high purity. - Gold Mutual Funds: Gold mutual funds are open-ended funds regulated by the Stocks Exchange Board of India (SEBI). They are used to invest in the units of a gold ETF.

Trend of Gold rates in Nizamabad

1 gram
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Day24K Gold22K Gold
01 February 202356285360
07 February 202300
Highest57495475
Lowest56285360

How is the Purity of Gold Evaluated in Nizamabad?

Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.

  1. BIS Mark

    Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.

  2. Karat

    Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.

  3. Jewellers Identification Mark

    The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.

Frequently Asked Questions on Gold Price in Nizamabad
Which is Correct: Karat or Carat?
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Should I buy 22-karat or 24-karat gold?
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Is it better to save cash or buy gold?
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How is the purity of gold evaluated in Nizamabad?
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What points should I consider before buying gold jewellery in Nizamabad?
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