Gold Rate Today in Palanpur
Last updated on: 8th Mar 2023
Palanpur is the biggest city in the Banaskantha district, which borders Gujarat and Rajasthan. Palanpur, the district seat, is a thriving city known for its jewellery trade and aromatic fragrances. The city, which is mostly inhabited by Jains, is well-known for its many holy Jain temples. Palanpur is known for historical structures like the Kirti Stambh and Jorawar Palace, as well as its rich legacy and diverse culture.
Gold has long been used by Indian families to safeguard and secure their riches. Gold is also seen as a status symbol and is often used in jewellery and other ornamental arts. The price of gold in Palanpur is determined by numerous variables, including the kind of gold, purity, and current market circumstances.
Gold Rate Comparison - 22K vs 24K
Gold Investment Options In Palanpur
The following are many gold investment opportunities accessible in Palanpur:
Gold Mutual Fund: Given that they are regulated by the Securities and Exchange Board of India or SEBI, gold mutual funds are one of the safest investment alternatives to consider. SEBI is recognised for conducting frequent supervision of mutual funds, making it a viable alternative for investors.
Gold Coins and Bars: Gold coins are one of the most popular gold investment alternatives. Gold coins come in a range of weights, including 1 gram, 8 grams, and 100 grams. Gold coins are also available in a variety of purity levels, including 24 Karat and 22 Karat.
Gold ETF: It is a form of investment that monitors the price of gold. On the stock market, you may purchase and sell gold ETFs. You also don't have to worry about theft, which is a big issue for many who invest in physical gold.
Today's 22K & 24K Gold Rates Per Gram in Palanpur
| Gram | Yesterday | Today |
|---|---|---|
| 1 gram | ₹5,543.00 -10 (0.18%) | ₹5,543.00 0 (0.00%) |
| 8 grams | ₹44,344.00 -80 (0.18%) | ₹44,344.00 0 (0.00%) |
| 10 grams | ₹55,430.00 -100 (0.18%) | ₹55,430.00 0 (0.00%) |
| 100 grams | ₹5,54,300.00 -1000 (0.18%) | ₹5,54,300.00 0 (0.00%) |
| Gram | Yesterday | Today |
|---|---|---|
| 1 gram | ₹5,543.00 -10 (0.18%) | ₹5,543.00 0 (0.00%) |
| 8 grams | ₹44,344.00 -80 (0.18%) | ₹44,344.00 0 (0.00%) |
| 10 grams | ₹55,430.00 -100 (0.18%) | ₹55,430.00 0 (0.00%) |
| 100 grams | ₹5,54,300.00 -1000 (0.18%) | ₹5,54,300.00 0 (0.00%) |
Understanding Palanpur 916 Hallmarked Gold Prices
In India, the 916 hallmark is a purity indication for gold. The 916 sign denotes that the gold is 91.6% pure. The 916 sign is also known as the 22 Karat gold sign. The emblem of the Bureau of Indian Standards (BIS) is also imprinted on 916 hallmarked gold. Most jewellery shops in Palanpur sell 916 hallmarked gold.
Historical Gold Rate in Palanpur for Last 10 Days
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
| 08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
| 07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
| 02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
| 01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
| 28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
| 08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
| 07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
| 02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
| 01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
| 28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
| 08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
| 07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
| 02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
| 01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
| 28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
| Day | 24K Gold | 22K Gold |
|---|---|---|
| 09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
| 08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
| 07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
| 03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
| 02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
| 01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
| 28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
How is the Purity of Gold Evaluated in Palanpur?
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.
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.
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.
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.
What Factors Influence Gold Prices in Palanpur?
Various factors influence the price of gold, which might be local or global. Some of the elements influencing gold prices in Palanpur are as follows:
Gold Purity: The purity of gold is measured in Karat. The greater the purity of gold, the more expensive it is. The purest kind of gold used in jewellery is 22 Karat gold. The purity of gold influences its price.
International Gold Prices: They are controlled by several variables, including global economic circumstances, US Dollar exchange rate, and geopolitics. During times of economic uncertainty, demand for safe-haven assets such as gold affects international gold prices. All of these variables may influence the price of gold in Palanpur.
Local Demand and Supply: The price of gold in Palanpur is also affected by local demand and supply. Gold demand often rises during weddings and festivals. Factors such as gold imports and mining can have an impact on gold supply. All of these variables may influence the price of gold in Palanpur.
Type Of Gold: Gold comes in a variety of forms, including bars, coins, and jewellery. The price of gold is also affected by its purity. Because gold coins are issued by governments and have better purity, they are normally more costly than gold bars. Gold jewellery is often manufactured using 24 Karat or 22 Karat gold and is thus more costly than other types of gold owing to the labour needed.
FAQs of Gold Rate in Palanpur
What is hallmark gold?
The BIS Hallmark is a hallmarking procedure used in India to ensure the purity of silver and gold jewellery. It verifies that the set of jewellery fulfils the BIS' set of standards.
Are 22 Karat and KDM gold the same thing?
How can I tell whether jewellery is genuine gold?
Is it possible to counterfeit the BIS hallmark?
Can gold be genuine in the absence of a Karat stamp?
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₹55,430 / 10gm
Last updated on: 8th Mar 2023
