Last updated on: 3th Feb 2023 10:00 AM
Sonipat, also called the "Sonepat," is a city in east-central Haryana, located just 28 km away from Delhi. Sonipat has immense historical and mythological significance. Historians believe the early Aryans settled here around 1500 BCE. The place is mentioned as Shonaprastha in the Indian epic, Mahabharata. Proximity to Delhi and easy availability of raw products through Delhi have helped Sonipat flourish as an industrially developed place.
People in Sonipat buy physical gold as jewellery to wear or gift during weddings. Buying gold is considered auspicious during Diwali, Akshaya Tritiya, and other festivals. Many people invest in physical gold alternatives (digital gold, gold Exchange Traded Funds, sovereign gold bonds, etc.) or buy gold coins/bars/biscuits/ornaments. This is mostly done to hedge their risk against political/economic uncertainty.
So, do you want to buy gold or invest in alternatives to physical gold in Sonipat? If yes, keep reading to know more about it. This will help you buy gold at the best price.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,744.00 0.00 (0.00%) | ₹5,744.00 0.00 (0.00%) |
8gm | ₹45,952.00 0.00 (0.00%) | ₹45,952.00 0.00 (0.00%) |
10gm | ₹57,440.00 0.00 (0.00%) | ₹57,440.00 0.00 (0.00%) |
100gm | ₹5,74,400.00 0.00 (0.00%) | ₹5,74,400.00 0.00 (0.00%) |
In Sonipat, 24-karat gold is the purest form of gold available. It has 99.99% pure gold. No other metal is mixed with this. As 24-karat gold is considered pure gold, its price is higher than any other gold cartage.
As pure gold is soft, malleable, and ductile, it is not usually used by jewellers to carve intricate jewellery designs. Artisans need harder forms of gold to create beautiful designs.
Other metals are added to pure gold to make gold harder and more suitable for intricate jewellery designs. 22-karat gold is the most popular gold cartage among gold jewellers and artisans. It consists of 91.67% pure gold and 8.33% other metals (which may include silver, zinc, copper, nickel, or others). By mixing other metals with pure gold, the 22-karat gold becomes harder than 24-karat gold. Most of the jewellery you find in Sonipat jewellery showrooms is created from 22-karat gold.
Besides 24K and 22K, other hallmarked cartridges found in India are:
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,744.00 0.00 (0.00%) | ₹5,470.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,744.00 0.00 (0.00%) | ₹5,470.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,744.00 90.00 (1.60%) | ₹5,470.00 85.00 (1.58%) |
01 Feb 2023 | ₹5,654.00 26.00 (0.47%) | ₹5,385.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,628.00 -16.00 (-0.28%) | ₹5,360.00 -15.00 (-0.27%) |
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%) |
Have you ever stumbled upon the term “916 Hallmarked Gold” or “916 purity?” If yes, this section will answer your query. 916 gold refers to 22-karat hallmarked gold. It has 91.67% pure gold. That’s why jewellery with 22-karat hallmarked gold is marked 22K916 in Sonipat. To get the best quality gold in your ornament or coins/biscuits/bars in Sonipat, always check 916 hallmarking, the BIS logo, and the year of making on your gold item.
When you are buying gold in Sonipat, you should check four things in your gold ornaments, biscuits, bars, or coins. They are the Bureau of Indian Standards (BIS) mark, the number or mark of the centre that assayed or hallmarked your gold jewellery, karat and fineness purity, and the identification mark of the jeweller in Sonipat.
You can be sure of your 22-karat gold item’s purity and quality if all these four things are there on your jewellery.
Both gold and fixed deposits are popular investment instruments. However, both share some differences, too. To begin with, returns from FD are guaranteed and fixed. Market fluctuations or economic conditions don’t affect your interest income.
On the other hand, gold rates can fluctuate. This is because gold rates get decided daily. They could go up or down based on economic conditions. But per historical trends, gold rates have always gone up in the longer term.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5654 | 5385 |
05 February 2023 | 0 | 0 |
Highest | 5744 | 5470 |
Lowest | 5654 | 5385 |
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.
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.
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.
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.
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