Gold rate in Palanpur
gold rate in palanpur

24K Gold/ 10gm
57,480.00
0.00(0.00%)
22K Gold/ 10gm
54,740.00
0.00(0.00%)

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

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.

22K & 24K Gold Rates Per Gram in Palanpur

24K
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GramYesterdayToday
1gm
5,748.00
0.00 (0.00%)
5,748.00
0.00 (0.00%)
8gm
45,984.00
0.00 (0.00%)
45,984.00
0.00 (0.00%)
10gm
57,480.00
0.00 (0.00%)
57,480.00
0.00 (0.00%)
100gm
5,74,800.00
0.00 (0.00%)
5,74,800.00
0.00 (0.00%)

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.

 

Historical gold rates in Palanpur in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,748.00
0.00 (0.00%)
5,474.00
0.00 (0.00%)
03 Feb 2023
5,748.00
0.00 (0.00%)
5,474.00
0.00 (0.00%)
02 Feb 2023
5,748.00
90.00 (1.60%)
5,474.00
85.00 (1.58%)
01 Feb 2023
5,658.00
26.00 (0.47%)
5,389.00
25.00 (0.47%)
31 Jan 2023
5,632.00
-16.00 (-0.28%)
5,364.00
-15.00 (-0.27%)
30 Jan 2023
5,648.00
0.00 (0.00%)
5,379.00
0.00 (0.00%)
29 Jan 2023
5,648.00
0.00 (0.00%)
5,379.00
0.00 (0.00%)
28 Jan 2023
5,648.00
16.00 (0.29%)
5,379.00
15.00 (0.28%)
27 Jan 2023
5,632.00
-63.00 (-1.10%)
5,364.00
-60.00 (-1.10%)
26 Jan 2023
5,695.00
42.00 (0.75%)
5,424.00
40.00 (0.75%)

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.

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

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.

Trend of Gold rates in Palanpur

1 gram
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Day24K Gold22K Gold
01 February 202356585389
07 February 202300
Highest57485474
Lowest56585389

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.

  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.

FAQs of Gold price in Palanpur

What is hallmark gold?

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Are 22 Karat and KDM gold the same thing?

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How can I tell whether jewellery is genuine gold?

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Is it possible to counterfeit the BIS hallmark?

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Can gold be genuine in the absence of a Karat stamp?

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