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Gold Rate Today in Port Blair
gold rate in Port Blair

24K Gold/ 10gm
₹67,780.00
+880(1.30%)
22K Gold/ 10gm
₹62,133.93
+806.70(1.09%)

Last updated on: 28th Mar 2024

Port Blair, the capital of the Andaman and Nicobar Islands, is a bustling port and a major attraction for visitors. A rough shoreline and tropical forest surround the island; despite its hot and humid biome, it offers a gorgeous landscape. Tourism at Port Blair grows each year as visitors arrive from all over the world.

Gold Rate Comparison - 22K vs 24K

Investment Strategies for Gold in Port Blair


Port Blair is a popular place to buy gold since the precious metal is considered a relatively safe investment that has historically generated significant returns. Indians make massive investments in fields like real estate and other investment vehicles. Even so, they continue to allocate a sizable amount of their savings to gold purchases. Therefore, gold is a popular investment choice for those living in Port Blair. This metal can be purchased through jewelry, bars, and coins.
New investing avenues have recently emerged, giving traders and investors more opportunities to trade gold. Below are some of the gold investing options available in Port Blair:
Biscuits, coins, and gold bars
Gold bars, coins, and biscuits are all viable investment alternatives in Port Blair. Coins of varied densities are available for purchase. You can buy coins from any reputable bank or jeweler. The banks sell gold coins but do not repurchase them.
Gold Mutual Funds
Mutual funds are available to invest in gold in Port Blair. You might also put your money into a fund that buys and sells gold stocks on international exchanges. Derivatives trading is yet another method. However, you'll need the services of a commodities broker and money to make trades. Keep in mind that investing in derivatives is high-risk.
ETFs that invest in gold markets
Gold ETFs are supplanting purchasing jewelry or other physical forms of gold. As trading in gold exchange-traded funds occurs on the stock exchange, they can be quickly and easily bought, sold, and liquidated. When held for longer than a year, there may be tax benefits. Gold ETFs do not require the same level of care and attention to physical security as bullion because they are housed electronically in a Demat account. Their digital storage format ensures the safety of ETFs, making them impervious to theft.

Today's 22K & 24K Gold Rates Per Gram in Port Blair

24K
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GramYesterdayToday
1 gram
₹6,690.00
+33 (0.49%)
₹6,778.00
+88 (1.30%)
8 grams
₹53,520.00
+264 (0.49%)
₹54,224.00
+704 (1.30%)
10 grams
₹66,900.00
+330 (0.49%)
₹67,780.00
+880 (1.30%)
100 grams
₹6,69,000.00
+3300 (0.49%)
₹6,77,800.00
+8800 (1.30%)
GramYesterdayToday
1 gram
₹6,690.00
+33 (0.49%)
₹6,778.00
+88 (1.30%)
8 grams
₹53,520.00
+264 (0.49%)
₹54,224.00
+704 (1.30%)
10 grams
₹66,900.00
+330 (0.49%)
₹67,780.00
+880 (1.30%)
100 grams
₹6,69,000.00
+3300 (0.49%)
₹6,77,800.00
+8800 (1.30%)

How to buy gold in Port Blair


With so many choices, buying gold isn't rocket science, but there are some innovative strategies to follow. Because gold investment can be costly, it's wise to consider the following before making purchases.
Examine the current gold market prices
Gold prices change daily, so it pays to keep an eye on the market and learn what's happening there. Then, based on this information, you can make a wise and well-informed choice about when to buy or sell.
Pick from the gold that best suits your needs.
Bars, coins, gold stocks, and even jewelry are just some of the many shapes gold may take. Different forms have different benefits and drawbacks. If you plan on selling the gold later, jewelry may not be the best way to store it, and you may want to look into other gold investment options instead.
Verify Certification
Most importantly, you should check the gold's authenticity by certification. The purity of gold may only be certified by government-approved Assaying and Hallmarking Centres; jewelers are not allowed to make such claims. But only jewelers who are registered with the Bureau of Indian Standards (BIS) can have their jewelry tested and approved by these Assaying Centres. As the same hallmark attests multiple carats, a 24K hallmark may be for 21K, 18K, or even 14K gold.
Online shopping 
These days, you may find several places to buy gold online. However, despite the ease of making purchases over the internet, you must exercise extreme caution and only deal with verified, reputable vendors to avoid being a victim of fraud or adulteration.

Historical Gold Rate in Port Blair for Last 10 Days

10 grams
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Day24K Gold22K Gold
28 Mar 2024
₹67,780.00
+880 (1.30%)
₹62,133.93
+806.70 (1.09%)
27 Mar 2024
₹66,900.00
+330 (0.49%)
₹61,327.23
+302.51 (0.41%)
26 Mar 2024
₹66,570.00
+190 (0.29%)
₹61,024.72
+174.17 (0.24%)
25 Mar 2024
₹66,380.00
-170 (0.26%)
₹60,850.55
-155.84 (0.22%)
22 Mar 2024
₹66,550.00
-90 (0.14%)
₹61,006.38
-82.50 (0.11%)
21 Mar 2024
₹66,640.00
+400 (0.60%)
₹61,088.89
+366.68 (0.50%)
20 Mar 2024
₹66,240.00
+180 (0.27%)
₹60,722.21
+165.01 (0.23%)
19 Mar 2024
₹66,060.00
-40 (0.06%)
₹60,557.20
-36.67 (0.05%)
18 Mar 2024
₹66,100.00
+100 (0.15%)
₹60,593.87
+91.67 (0.13%)
15 Mar 2024
₹66,000.00
-110 (0.17%)
₹60,502.20
-100.84 (0.14%)
Day24K Gold22K Gold
28 Mar 2024
₹67,780.00
+880 (1.30%)
₹62,133.93
+806.70 (1.09%)
27 Mar 2024
₹66,900.00
+330 (0.49%)
₹61,327.23
+302.51 (0.41%)
26 Mar 2024
₹66,570.00
+190 (0.29%)
₹61,024.72
+174.17 (0.24%)
25 Mar 2024
₹66,380.00
-170 (0.26%)
₹60,850.55
-155.84 (0.22%)
22 Mar 2024
₹66,550.00
-90 (0.14%)
₹61,006.38
-82.50 (0.11%)
21 Mar 2024
₹66,640.00
+400 (0.60%)
₹61,088.89
+366.68 (0.50%)
20 Mar 2024
₹66,240.00
+180 (0.27%)
₹60,722.21
+165.01 (0.23%)
19 Mar 2024
₹66,060.00
-40 (0.06%)
₹60,557.20
-36.67 (0.05%)
18 Mar 2024
₹66,100.00
+100 (0.15%)
₹60,593.87
+91.67 (0.13%)
15 Mar 2024
₹66,000.00
-110 (0.17%)
₹60,502.20
-100.84 (0.14%)
Day24K Gold22K Gold
28 Mar 2024
₹67,780.00
+880 (1.30%)
₹62,133.93
+806.70 (1.09%)
27 Mar 2024
₹66,900.00
+330 (0.49%)
₹61,327.23
+302.51 (0.41%)
26 Mar 2024
₹66,570.00
+190 (0.29%)
₹61,024.72
+174.17 (0.24%)
25 Mar 2024
₹66,380.00
-170 (0.26%)
₹60,850.55
-155.84 (0.22%)
22 Mar 2024
₹66,550.00
-90 (0.14%)
₹61,006.38
-82.50 (0.11%)
21 Mar 2024
₹66,640.00
+400 (0.60%)
₹61,088.89
+366.68 (0.50%)
20 Mar 2024
₹66,240.00
+180 (0.27%)
₹60,722.21
+165.01 (0.23%)
19 Mar 2024
₹66,060.00
-40 (0.06%)
₹60,557.20
-36.67 (0.05%)
18 Mar 2024
₹66,100.00
+100 (0.15%)
₹60,593.87
+91.67 (0.13%)
15 Mar 2024
₹66,000.00
-110 (0.17%)
₹60,502.20
-100.84 (0.14%)
Day24K Gold22K Gold
28 Mar 2024
₹67,780.00
+880 (1.30%)
₹62,133.93
+806.70 (1.09%)
27 Mar 2024
₹66,900.00
+330 (0.49%)
₹61,327.23
+302.51 (0.41%)
26 Mar 2024
₹66,570.00
+190 (0.29%)
₹61,024.72
+174.17 (0.24%)
25 Mar 2024
₹66,380.00
-170 (0.26%)
₹60,850.55
-155.84 (0.22%)
22 Mar 2024
₹66,550.00
-90 (0.14%)
₹61,006.38
-82.50 (0.11%)
21 Mar 2024
₹66,640.00
+400 (0.60%)
₹61,088.89
+366.68 (0.50%)
20 Mar 2024
₹66,240.00
+180 (0.27%)
₹60,722.21
+165.01 (0.23%)
19 Mar 2024
₹66,060.00
-40 (0.06%)
₹60,557.20
-36.67 (0.05%)
18 Mar 2024
₹66,100.00
+100 (0.15%)
₹60,593.87
+91.67 (0.13%)
15 Mar 2024
₹66,000.00
-110 (0.17%)
₹60,502.20
-100.84 (0.14%)

How is the Purity of Gold Evaluated in Port Blair?

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.

Factors influencing the gold price in Port Blair


Here are a few main drivers of the gold price in Port Blair.
The value of the US dollar
Gold prices in Port Blair fall when the US Dollar strengthens because traders and investors prefer to buy dollars over gold. In contrast, financial institutions often switch their investments to gold as the dollar declines.
Price of imports
Imports meet the majority of Port Blair's gold requirements. Hence fluctuations in import rates impact the local gold market. In addition, gold prices rise as the US dollar strengthens because of the trading in that currency.
Annual Percentage Yield on a Fixed Deposit
For millions of Indians, a fixed deposit is a go-to choice when saving for the future. The value of gold is very close. Gold becomes more attractive as an investment when rates on FDs drop. Gold's price tends to go up in tandem with its demand.

FAQs of Gold Rate in Port Blair

In Port Blair, where can I buy gold?

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Only do business with a reputable and licensed dealer in Andaman and Nicobar when purchasing gold. Make sure the gold is stamped, marked, or etched to show that it is genuine 22- or 24-karat gold.

What factors cause fluctuations in the price of gold in the Port Blair Islands?

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Why isn't 24-karat gold used to make jewelry?

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How much Goods and Services Tax (GST) is applied to Port Blair?

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sovereign gold bonds

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

Weight

Purity of Gold
Price

₹67,780 / 10gm

Last updated on: 28th Mar 2024

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.