Gold rate in Pune
gold rate in pune

24K Gold/ 10gm
57,260.00
0.00(0.00%)
22K Gold/ 10gm
54,530.00
0.00(0.00%)

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

Boasting a centuries-old heritage of the Maratha empire and known as one of the most livable cities of modern India, Pune is an amalgamation of the old and the new. Touted as the 'Oxford of East', Pune is an education and tech- hub. Besides purchasing gold during the festive season, people in Pune also prefer investing in gold. Among investment options, gold exchange-traded funds (ETFs), sovereign gold bonds, and digital gold are popular.
Despite fluctuations in the gold rates, the demand for gold in Pune remains intact. Jewellers are expanding their offerings and tapping into new areas to cater to this rising demand. Now that we have an overview of gold buying trends, let us look at the gold rates in Pune.

22K & 24K Gold Rates Per Gram in Pune

24K
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GramYesterdayToday
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%)
Factors Affecting Gold Prices in Pune
- Inflation: Since inflation causes the value of the currency to go down, it results in a hike in gold prices. - Local jewellery market: The demand for gold increases during the wedding and festival seasons. Increasing consumer demand causes gold prices to rise. - Government reserves: The Reserve Bank of India holds substantial gold reserves, and when RBI buys more gold than it sells, the price of gold increases. - Unstable economic conditions: During an economic slowdown, people prefer to invest in gold as the value of gold remains stable in the long run. An increase in demand during these times impacts gold prices. - Geo-political factors: Gold investments are considered safe during geo-political turmoil, causing the demand to rise. This increase, in turn, causes gold prices to soar. - Rupee-Dollar impact: The exchange rate between the Rupee and the Dollar is directly proportional to gold prices. If the Indian rupee drops against the U.S. dollar, gold rates will rise.

Historical gold rates in Pune in last 10 days

1 gram
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Day24K Gold22K 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%)
How does GST Impact Gold Rates in Pune?
The Goods and Services Tax (GST) was launched on July 1, 2017. Before that, gold was taxed at 12.2%. Out of this, 10% was import duty, 1.2% value-added tax (VAT), and 1% customs duty.
Following the implementation of GST, VAT and customs duty were eliminated, and 3% GST was introduced. The introduction of GST raised gold prices across the country, and Pune was no exception.
We must remember that gold in Pune is either imported or sourced from other parts of the country. If sourced from other parts of the country, jewellers pay transportation or supply costs in addition to 3% GST. On the other hand, if the gold is imported, import duty will apply, with 3% GST.

Weekly & monthly gold rate in Pune
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Comparative Analysis: Gold Vs FD
Gold investment offers attractive returns and acts as a hedge against inflation. On the other hand, a fixed deposit provides guaranteed returns at a fixed rate of interest over a pre-determined tenure. The returns, however, are not inflation-adjusted. Now, let us compare the two investments to determine which option is the best for you.
Risks and Returns
Both options yield better returns when invested over a long period. In the case of FD, the longer your term, the better the interest rate and, consequently, the interest income. On the other hand, gold rates may fluctuate in the short term. But long-term investments can yield high returns. That being said, FD and gold are both safe investment instruments.
Profitability
The investment in gold is considered a hedge against inflation. Contrarily, FD interest income, although guaranteed, does not beat inflation.
Income Generation
Gold is regarded as an asset that helps build wealth over the long term. In contrast, FDs provide regular income in terms of interest.
Liquidity
Investments in gold are easy to liquidate, but the returns depend upon the market conditions. In the case of FD, your investment stays locked in for a fixed period. If you withdraw before the maturity date, a penalty is levied.

Trend of Gold rates in Pune

1 gram
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Day24K Gold22K Gold
01 February 202356365368
07 February 202300
Highest57265453
Lowest56365368
Things to Check Out Before Buying Gold
You must note the following factors before buying gold: - Cost per gram: Before buying gold, you must check the cost per gram. Since the cost varies based on the jeweller and the location, comparing the price may help you save some money. - Hallmark: If you buy hallmarked jewellery, it is easy to exchange. The hallmark confirms the purity of gold and, thus, its reliability. The BIS logo is the initial indication of a hallmark on gold jewellery. - Purity: The purity of gold is measured in carats. Gold in its purest form is called 24 carats. When other metals are alloyed with gold, the resultant variant is called 22 carats. This difference in purity impacts prices. - Making Charges: When you buy a gold ornament, the seller will charge making charges. These charges vary from one jeweller to another. So, enquire about the making charges before investing. - Offers and discounts: Many jewellers provide offers and discounts, especially during the festival season. Since gold prices are typically high during festivals, discounts can help you land a meaty deal. - Determining the spread: The spread is the difference between buying and selling prices. When buying digital gold, you must determine the potential spread as transaction fees such as internet banking or debit card payment charges would also be involved at the time of selling.

FAQs of Gold price in Pune

What are the benefits of buying gold in Pune?
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What are the different ways to invest in gold besides physical gold?
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How can you tell if the gold jewellery you purchased in Pune is pure?
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