Last updated on: 8th Mar 2023 06:30 AM
Parbhani is one of the biggest cities in Maharashtra. As a commercial and industrial centre, Parbhani's significant industries are cotton ginning and pressing. There are several landmarks in the city, including Shivaji Udyan (Shivaji's Garden) and the fort of Roshan Khan.
Gold is considered a symbol of affluence and prosperity in Indian culture. Just like the other cities in Maharashtra, residents of Parbhani are also enticed by gold.
Despite being a lucrative investment, gold is known for its market volatility. Gold prices can fluctuate depending on the demand-supply ratio or the rupee-dollar valuation. In India, the rates are also affected by festivities. For example, people worship the Goddess Lakshmi and Lord Vishnu on Akshaya Tritiya. As part of the celebrations, they invest in gold. This can impact gold sales and, in turn, the market value.
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹552.10 -1.00 (-0.18%) | ₹552.10 0.00 (0.00%) |
8 grams | ₹4,416.80 -8.00 (-0.18%) | ₹4,416.80 0.00 (0.00%) |
10 grams | ₹5,521.00 -10.00 (-0.18%) | ₹5,521.00 0.00 (0.00%) |
100 grams | ₹55,210.00 -100.00 (-0.18%) | ₹55,210.00 0.00 (0.00%) |
After the implementation of the Goods and Services Tax (GST), the price of gold has increased.
You now have to pay a 3% GST on all gold purchases, in addition to import duties, which are as follows -
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,521.00 0.00 (0.00%) | ₹5,061.10 0.00 (0.00%) |
08 Mar 2023 | ₹5,521.00 -10.00 (-0.18%) | ₹5,061.10 -9.17 (-0.15%) |
07 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
06 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
05 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
04 Mar 2023 | ₹5,531.00 0.00 (0.00%) | ₹5,070.27 0.00 (0.00%) |
03 Mar 2023 | ₹5,531.00 15.00 (0.27%) | ₹5,070.27 13.75 (0.23%) |
02 Mar 2023 | ₹5,516.00 16.00 (0.29%) | ₹5,056.52 14.67 (0.24%) |
01 Mar 2023 | ₹5,500.00 11.00 (0.20%) | ₹5,041.85 10.08 (0.17%) |
28 Feb 2023 | ₹5,489.00 -16.00 (-0.29%) | ₹5,031.77 -14.67 (-0.24%) |
Apart from the options mentioned above, one can also invest in gold options and digital gold through financial platforms.
Note: All these investments are subject to market risk.
Karat is a unit defined to measure the purity of gold. As the value of the karat goes up, the purity levels increase.
Here is a quick glimpse at the differences between 22-karat and 24-karat gold:
What is the best way to invest in gold?
If you want to make your investment profitable, you should ensure you get paid more than what you have invested. Investing in ETFs is an ideal option as you don't need to take care of the gold in physical form.
What is better for me — gold loans or personal loans?
Is gold bullion 100% gold?
How can I check the gold's purity at home?
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.