Gold rate in Rampur
gold rate in rampur

24K Gold/ 10gm
56,440.00
0.00(0.00%)
22K Gold/ 10gm
53,750.00
0.00(0.00%)

Last updated on: 29th Jan 2023 9:00 AM

Rampur was once famous for its cotton refining and sugar milling industry. The city gradually transformed into an important business hub of Uttar Pradesh, owing to its proximity to New Delhi. Rampur's many commercial zones have transformed into trade centres for modern goods and commodities. The city's trade centre also houses Sarafa Bazar, which is lined with jewellery shops and gold businesses and has become a popular hotspot for the gold trade.
The purchase of gold in Rampur is not just centred on ornaments and jewellery - many people also turn to gold for investment purposes. Gold minimises risks in a long-term approach, while other options like stocks and cryptocurrency come with high risk and uncertainty.
Many factors affect gold rates in Rampur. Supply and Demand are one of the main factors affecting Gold Rates in Rampur. If demand is high, then the price will be high. Let us have a look at the gold prices in the city.

22K & 24K Gold Rates Per Gram in Rampur

24K
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GramYesterdayToday
1gm
5,644.00
0.00 (0.00%)
5,644.00
0.00 (0.00%)
8gm
45,152.00
0.00 (0.00%)
45,152.00
0.00 (0.00%)
10gm
56,440.00
0.00 (0.00%)
56,440.00
0.00 (0.00%)
100gm
5,64,400.00
0.00 (0.00%)
5,64,400.00
0.00 (0.00%)
Factors Affecting Gold Prices in Rampur
1. Geopolitical issues – Gold prices shoot up during geopolitical tensions between countries, wars, or military conflicts. Gold has become one of the favourite investment tools for investors during times of uncertainty and confusion. 2. Uncertainty in financial markets – Gold is the most preferred haven for investors withdrawing their money from the financial market. The surge in demand caused by uncertainty in financial markets can boost gold prices in Rampur. On the other hand, an upward trend in financial markets and stability can reduce prices. 3. Inflation – Rising inflation and price rise are boosting people's confidence to invest more money in gold. This is because the yellow metal has been giving inflation-beating returns over the years. A similar pattern has been observed in gold purchases in Rampur. 4. Indian rupee and currency valuation – If the value of the Indian rupee drops against the value of the US dollar, the gold prices usually shoot up across the country. 5. International gold prices – Gold prices in the global market can directly affect gold prices in Rampur. Pandemic waves, wars, and international conflicts have reduced investors' confidence in the stock market, and they prefer gold over other modes of investment. A sharp spike in gold prices has been witnessed in Rampur in the last few years due to the ripple effect caused by gold prices in the international market. 6. Taxation – The government's taxation policies can affect gold prices in Rampur. These policies include changes in Goods and Services Tax (GST), import duty, making charges, and hallmarking charges, all of which are determined by the Government of India.

Historical gold rates in Rampur in last 10 days

1 gram
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Day24K Gold22K Gold
30 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
29 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
28 Jan 2023
5,644.00
16.00 (0.29%)
5,375.00
15.00 (0.28%)
27 Jan 2023
5,628.00
-63.00 (-1.10%)
5,360.00
-60.00 (-1.10%)
26 Jan 2023
5,691.00
42.00 (0.75%)
5,420.00
40.00 (0.75%)
25 Jan 2023
5,649.00
0.00 (0.00%)
5,380.00
0.00 (0.00%)
24 Jan 2023
5,649.00
37.00 (0.66%)
5,380.00
35.00 (0.66%)
23 Jan 2023
5,612.00
10.00 (0.18%)
5,345.00
10.00 (0.19%)
22 Jan 2023
5,602.00
0.00 (0.00%)
5,335.00
0.00 (0.00%)
21 Jan 2023
5,602.00
-10.00 (-0.17%)
5,335.00
-10.00 (-0.18%)
GST Impact on Gold Rates in Rampur
Goods and Services Tax (GST) and other taxes or duties imposed by the government can affect the gold rates in Rampur. The breakdown given below can help you understand how taxes play an important role in determining the gold prices in Rampur: - 3% GST on the price of gold - 12.5% import duty + 2.5% Agriculture Infrastructure Development Cess (AIDC) - Making charges on the price of gold in Rampur. This is valid for gold jewellery only and includes the cost of converting raw gold into jewellery form. Making charges may vary. Some jewellers base it on the jewellery design, while others charge a flat fee per gram.
The government still needs to notify Rampur under the mandatory hallmarking regime. Thus, hallmarking charges may not apply to your bill.
To calculate your gold bill while shopping for gold in Rampur, use the formula given below:
Current price of 1 gm (22K or 24K) gold in Rampur x (Weight in grams) + Making charges + GST at 3% on (Price of jewellery + making charges)

Weekly & monthly gold rate in Rampur
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Investment Options for Gold in Rampur
Investors in Rampur can opt for several modes of gold investment. Traditionally, the people of Rampur invest in gold by purchasing jewellery during festive or wedding seasons. It is perceived as auspicious and can fetch healthy returns in the long run. Gold has a tremendous social appeal in Indian society and can signal the prosperity of a household.
If you do not wish to buy gold jewellery, you can also opt for gold coins or bullion.
Moreover, there are other modern investment instruments like gold saving funds, digital gold, and gold equity-traded funds (ETFs). Banks and financial institutions readily provide these investment options in Rampur.

Trend of Gold rates in Rampur

1 gram
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Day24K Gold22K Gold
01 January 202354295170
30 January 202356445375
Highest56915420
Lowest54025145

How is the Purity of Gold Evaluated in Rampur?

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.

Frequently Asked Questions on Gold Price in Rampur
What is digital gold? How can I invest in it?
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Is there any minimum purchase limit on digital gold?
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Does digital gold's price vary from city to city?
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Do I have to pay any making charges on digital gold?
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