Last updated on: 3th Feb 2023 10:00 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 |
---|---|---|
1gm | ₹5,726.00 0.00 (0.00%) | ₹5,726.00 0.00 (0.00%) |
8gm | ₹45,808.00 0.00 (0.00%) | ₹45,808.00 0.00 (0.00%) |
10gm | ₹57,260.00 0.00 (0.00%) | ₹57,260.00 0.00 (0.00%) |
100gm | ₹5,72,600.00 0.00 (0.00%) | ₹5,72,600.00 0.00 (0.00%) |
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:
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,726.00 0.00 (0.00%) | ₹5,453.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,726.00 90.00 (1.60%) | ₹5,453.00 85.00 (1.59%) |
01 Feb 2023 | ₹5,636.00 26.00 (0.47%) | ₹5,368.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,610.00 -16.00 (-0.28%) | ₹5,343.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,626.00 0.00 (0.00%) | ₹5,358.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,626.00 16.00 (0.29%) | ₹5,358.00 15.00 (0.29%) |
27 Jan 2023 | ₹5,610.00 -63.00 (-1.11%) | ₹5,343.00 -60.00 (-1.11%) |
26 Jan 2023 | ₹5,673.00 42.00 (0.75%) | ₹5,403.00 40.00 (0.75%) |
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 |
---|---|---|
01 February 2023 | 5636 | 5368 |
07 February 2023 | 0 | 0 |
Highest | 5726 | 5453 |
Lowest | 5636 | 5368 |
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.
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