Gold rate in Seoni
gold rate in seoni

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

Seoni is an essential town in Madhya Pradesh famous as a tourism and cultural hub. It is home to the famous Pench Tiger Reserve and various temples across the city. Many of the locals are employed in the travel and tourism sector and earn a stable income. To secure their future, residents of Seoni prefer investing in various assets, including gold.

Over the last several years, gold has become a popular precious metal for investors. Steady returns and lesser volatility have contributed to its popularity. If you also want to invest in gold in Seoni, there are several factors that you must consider. Read on to learn more about gold rates in Seoni and if you should invest in this precious metal.

22K & 24K Gold Rates Per Gram in Seoni

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%)

How to Buy Gold in Seoni?

If you wish to buy gold in Seoni, there are two popular options, i.e., online or offline. Read on to learn more about them and understand the better option for you:

Paper Gold: If you wish to invest in paper gold, you must do so online. You need to connect your bank account with your Demat account and then use an online platform to buy gold units. You can opt between gold mutual funds, ETFs, bonds, or other digital assets backed by gold. The buy and sell transactions are completed within a few minutes, and you need not go anywhere for the same.

Physical Gold: You can purchase physical gold both online and offline. You can visit a reliable local jeweller in Seoni and purchase the desired gold products. The popular gold products in Seoni are coins, bars, jewellery, ornaments, and others. Else, you can visit the website of a reliable jeweller online and then place the order for desired gold products. The delivery will be made to your address in the given timeframe.  In this case you must insist on buying hallmarked gold with the BIS logo.

Historical gold rates in Seoni 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%)

Paper Gold vs Physical Gold

You are not alone if you are conflicted about investing in paper or physical gold. Numerous investors cannot decide about the suitability of both forms of gold. Here is a comparative analysis for your perusal:

  • Physical Gold: This is the only option if you wish to own gold jewellery, coins, or bars. It is a good option for long-term investors who are not interested in daily trading. To reduce the chances of fraud, you must purchase gold from a reliable seller and insist only on hallmarked gold. You must also arrange for safe and secure storage for gold during the entire duration you wish to retain it.
  • Paper Gold: This is a good option for investors interested in daily trading of gold. As the units are stored in an online account, there is no need to worry about purity, safety, and security. Paper gold can be bought and sold using a mobile app or website. To invest in paper gold, you must have a Demat account. Some of the popular paper gold options are:       
  • Sovereign Gold Bonds: Gold bonds are governmental securities valued in kilos of precious metal. These gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the Indian government.
  • Gold Exchange-Traded Funds (ETFs): A gold exchange-traded fund (ETF) tracks the fluctuating price of gold. One gramme of highly refined gold is represented by one gold ETF.
  • Gold Mutual Funds: Stocks Exchange Board of India regulates gold mutual funds, which are open-ended.

Weekly & monthly gold rate in Seoni
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

Impact of GST on Gold Rates

As per the latest decision of the GST Council, 3% GST is applicable on gold. In addition, 5% GST is also applicable on making charges. As a result, gold rates in Seoni have undergone a substantial increase. But this increase did not affect the demand for gold which is growing steadily.

Trend of Gold rates in Seoni

1 gram
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Day24K Gold22K Gold
01 February 202356365368
07 February 202300
Highest57265453
Lowest56365368

How is the Purity of Gold Evaluated in Seoni?

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.

FAQs of Gold price in Seoni

Will gold be worth more in the next ten years?

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How many grams of gold are present in one 'tola' of gold?

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When is the best time to buy gold?

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Is paper gold a safe investment option?

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