Gold Rate Today in Panipat

Last updated on: 8th Mar 2023
Panipat is a city of great historical importance. It is the scene of the three most pivotal battles in Indian history. Today, Panipat is a textile hub. Businesses of all scales exist in the city, making it a thriving commercial centre. With trade and manufacturing as their main income source, the people of Panipat love investing in gold.
While gold is a sought-after investment throughout the year, the demand peaks during festive seasons. When the demand is high, the price of gold typically goes up. However, besides demand, other factors also impact gold rates in Panipat.
So, if you want to buy gold in Panipat, learn the current gold rates and understand the factors affecting them. Read on as we explore this and more!
Gold Rate Comparison - 22K vs 24K
Today's 22K & 24K Gold Rates Per Gram in Panipat
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹5,539.00 -10 (0.18%) | ₹5,539.00 0 (0.00%) |
8 grams | ₹44,312.00 -80 (0.18%) | ₹44,312.00 0 (0.00%) |
10 grams | ₹55,390.00 -100 (0.18%) | ₹55,390.00 0 (0.00%) |
100 grams | ₹5,53,900.00 -1000 (0.18%) | ₹5,53,900.00 0 (0.00%) |
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹5,539.00 -10 (0.18%) | ₹5,539.00 0 (0.00%) |
8 grams | ₹44,312.00 -80 (0.18%) | ₹44,312.00 0 (0.00%) |
10 grams | ₹55,390.00 -100 (0.18%) | ₹55,390.00 0 (0.00%) |
100 grams | ₹5,53,900.00 -1000 (0.18%) | ₹5,53,900.00 0 (0.00%) |
How is the Gold Rate in Panipat Determined?
You can find gold rates in Panipat online or in newspapers. Here are factors that affect and determine these rates, causing them to fluctuate:
- Demand
Higher demand causes gold rates to go up. In India, this trend is particularly noticeable during the festive seasons. Since gold is considered both auspicious and ornamental, people typically go on a gold-buying spree at such times. With this hike in demand, the gold rates increase. - The Rupee Vs US Dollar
Remember that gold is traded internationally in US Dollars (USD). Hence, any change in the value of USD will impact gold prices in India. For instance, when the value of Indian currency falls against the USD, gold prices will increase across India. - Alloy Prices
Alloys like silver, copper, etc., are often mixed with gold to create gold products. Changes in the price of these elements impact the gold rates in Panipat. - Interest Rates
Interest rates are inversely related to gold prices. When interest rates fall, people don't get the desired returns on their investments. In times like these, they tend to fall back on gold as a safer investment option. With more people buying gold, the demand increases and prices go up. - Government Reserves
The Government of India is the owner of the country's gold reserves. It sells and buys gold through the Reserve Bank of India. Hence, gold prices in Panipat will fluctuate depending on whether the Government is buying or selling gold. - Inflation
Indians use gold as a hedge and as their go-to investment. When inflation rises, more people buy gold to protect themselves, which raises the price of gold. In addition, when inflation increases, the rupee's value falls on the international market, which leads to an increased conversion rate and, therefore, a higher price.
Historical Gold Rate in Panipat for Last 10 Days
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,390.00 0 (0.00%) | ₹50,776.01 0 (0.00%) |
08 Mar 2023 | ₹55,390.00 -100 (0.18%) | ₹50,776.01 -91.67 (0.15%) |
07 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
06 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
05 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
04 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
03 Mar 2023 | ₹55,490.00 +150 (0.27%) | ₹50,867.68 +137.50 (0.23%) |
02 Mar 2023 | ₹55,340.00 +160 (0.29%) | ₹50,730.18 +146.67 (0.24%) |
01 Mar 2023 | ₹55,180.00 +110 (0.20%) | ₹50,583.51 +100.84 (0.17%) |
28 Feb 2023 | ₹55,070.00 -160 (0.29%) | ₹50,482.67 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,390.00 0 (0.00%) | ₹50,776.01 0 (0.00%) |
08 Mar 2023 | ₹55,390.00 -100 (0.18%) | ₹50,776.01 -91.67 (0.15%) |
07 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
06 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
05 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
04 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
03 Mar 2023 | ₹55,490.00 +150 (0.27%) | ₹50,867.68 +137.50 (0.23%) |
02 Mar 2023 | ₹55,340.00 +160 (0.29%) | ₹50,730.18 +146.67 (0.24%) |
01 Mar 2023 | ₹55,180.00 +110 (0.20%) | ₹50,583.51 +100.84 (0.17%) |
28 Feb 2023 | ₹55,070.00 -160 (0.29%) | ₹50,482.67 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,390.00 0 (0.00%) | ₹50,776.01 0 (0.00%) |
08 Mar 2023 | ₹55,390.00 -100 (0.18%) | ₹50,776.01 -91.67 (0.15%) |
07 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
06 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
05 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
04 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
03 Mar 2023 | ₹55,490.00 +150 (0.27%) | ₹50,867.68 +137.50 (0.23%) |
02 Mar 2023 | ₹55,340.00 +160 (0.29%) | ₹50,730.18 +146.67 (0.24%) |
01 Mar 2023 | ₹55,180.00 +110 (0.20%) | ₹50,583.51 +100.84 (0.17%) |
28 Feb 2023 | ₹55,070.00 -160 (0.29%) | ₹50,482.67 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,390.00 0 (0.00%) | ₹50,776.01 0 (0.00%) |
08 Mar 2023 | ₹55,390.00 -100 (0.18%) | ₹50,776.01 -91.67 (0.15%) |
07 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
06 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
05 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
04 Mar 2023 | ₹55,490.00 0 (0.00%) | ₹50,867.68 0 (0.00%) |
03 Mar 2023 | ₹55,490.00 +150 (0.27%) | ₹50,867.68 +137.50 (0.23%) |
02 Mar 2023 | ₹55,340.00 +160 (0.29%) | ₹50,730.18 +146.67 (0.24%) |
01 Mar 2023 | ₹55,180.00 +110 (0.20%) | ₹50,583.51 +100.84 (0.17%) |
28 Feb 2023 | ₹55,070.00 -160 (0.29%) | ₹50,482.67 -146.67 (0.24%) |
Things To Check When Buying Gold in Panipat
Consider the following things when buying gold in Panipat:
- Purity Levels
24-Karat gold is gold in its purest form. It contains 99.9% pure gold. However, 24-Karat is also delicate and not ideal for making jewellery items which demand sturdiness. Thus, gold is mixed with different alloys, ensuring its durability and strength. The resulting variations are less-delicate than 24-Karat, but never as pure. These include 22-Karat, 18-Karat, or 14-Karat gold. - The Price of Gold
The cost per gramme of gold not only varies daily but also differs from one region to another. Hence, before purchasing gold, verify the prices per gramme of gold. - Hallmark
In India, the Bureau of Indian Standards (BIS) evaluates and certifies the purity and fineness of gold. Their hallmark is a guarantee that the gold is of good quality. So, always check for the hallmark sign before investing in gold. - Making Charges
The final cost of jewellery is always higher than the gold rates published online or in print. This difference stems from the fact that jewellers add making charges. So, make sure to check that the making charges are as per the market price.
Taxes on Gold Rates in Panipat
The taxes levied on the purchase of gold in Panipat are as follows:
- Customs Duty: 12.5%
- Agriculture Infrastructure and Development Cess (AIDC): 2.5%
- Social Welfare Surcharge: 10% of Customs Duty.
- Goods and Services Tax(GST): 3%
FAQs of Gold Rate in Panipat
How is the purity of gold evaluated in Panipat?
The purity of gold is evaluated by the Bureau of Indian Standards (BIS). The BIS certifies the purity of gold products and hallmarks them. This hallmark is provided for both gold and silver jewellery.
Which one is better - 22-Karat or 24-Karat gold?
What is the difference between Karat and Carat?
Do gold prices remain the same all over India?
What is the difference between 22-Karat gold and 916 gold?
Sovereign Gold Bond
2.5% p.a. + Gold price increase
- RBI issued bonds
- Best deals filtered for you
- Tax exempted when held till maturity
Gold Rate Calculator
Location
Price
₹55,390 / 10gm
Last updated on: 8th Mar 2023
Gold Rates in Popular Cities of India
NaNk +
Investors trust Wint Wealth
Regulated by SEBI
Partnered with NSE
Diversify portfolio with high returns now
PRODUCTS
Bonds