Last updated on: 8th Mar 2023
Named after the Maharaja of Bikaner, Maharaja Shri Ganga Singh Bahadur, Ganganagar is today known as the food basket of Rajasthan due to its importance as a food production hub. From wheat to Bajra, the city produces and supplies a range of food crops annually.
Ganganagar is, therefore, home to a vibrant merchant community that loves investing in gold. Most investors buy gold to secure their capital. On the other hand, few people wear gold to enhance their appearance during various festivities.
Gold jewellery and ornaments in Ganganagar are nicely engraved along with stones and other gems, giving them an ethnic Rajasthani look.
Like the rest of India, gold trade and investments are booming in Ganganagar. A mix of local and international factors combine to determine gold rates in India and, consequently, in Ganganagar. These rates are rarely stable and fluctuate frequently.
So, let us now look at the current gold rates in Ganganagar, various ways to invest in gold, and more. So, continue reading!
There is an easy way to determine the purity of any gold before purchasing any gold jewellery or gold coins. A government agency known as the Bureau of Indian Standards (BIS) goes through a process of marking every gold piece with some information in order to certify the purity of gold that you buy from legitimate shops or online platforms.
The Hallmark, which is this information, attests to the purity of the gold. According to BIS, the hallmarking procedure is carried out to safeguard the public from contamination and to compel gold manufacturers to uphold legal standards of fineness and purity.
To verify the purity of gold, BIS states that there are four things to look for on jewellery made of hallmarked gold:
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹5,543.00 -10 (0.18%) | ₹5,543.00 0 (0.00%) |
8 grams | ₹44,344.00 -80 (0.18%) | ₹44,344.00 0 (0.00%) |
10 grams | ₹55,430.00 -100 (0.18%) | ₹55,430.00 0 (0.00%) |
100 grams | ₹5,54,300.00 -1000 (0.18%) | ₹5,54,300.00 0 (0.00%) |
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹5,543.00 -10 (0.18%) | ₹5,543.00 0 (0.00%) |
8 grams | ₹44,344.00 -80 (0.18%) | ₹44,344.00 0 (0.00%) |
10 grams | ₹55,430.00 -100 (0.18%) | ₹55,430.00 0 (0.00%) |
100 grams | ₹5,54,300.00 -1000 (0.18%) | ₹5,54,300.00 0 (0.00%) |
The implementation of GST has affected several sectors of the economy. The gold market is not an exception either.
The introduction of GST in 2017 has increased gold prices in Ganganagar and the rest of India.
This increase is due to the 3% GST on the 12.5% import duty. In the pre-GST era, consumers paid 1% VAT and 1% service tax. These taxes were replaced by the 3% GST. Further, they now have to pay the jeweller 5% GST on the making charges.
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹55,430.00 0 (0.00%) | ₹50,812.68 0 (0.00%) |
08 Mar 2023 | ₹55,430.00 -100 (0.18%) | ₹50,812.68 -91.67 (0.15%) |
07 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
06 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
05 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
04 Mar 2023 | ₹55,530.00 0 (0.00%) | ₹50,904.35 0 (0.00%) |
03 Mar 2023 | ₹55,530.00 +150 (0.27%) | ₹50,904.35 +137.50 (0.23%) |
02 Mar 2023 | ₹55,380.00 +160 (0.29%) | ₹50,766.85 +146.67 (0.24%) |
01 Mar 2023 | ₹55,220.00 +110 (0.20%) | ₹50,620.17 +100.84 (0.17%) |
28 Feb 2023 | ₹55,110.00 -160 (0.29%) | ₹50,519.34 -146.67 (0.24%) |
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.
Gone are the days when buying physical gold (gold ornaments or bullion) was the only way to invest in gold. With time, various other modes of investment have emerged. Let us look at how people in Ganganagar prefer to invest in the precious yellow metal:
This denotes buying gold in its physical form. Below is a list of different physical gold items:
In India, it has been customary for generations to purchase actual gold to celebrate auspicious occasions. During weddings and festivals, a lot of people buy gold coins, bars, bullion, and jewellery.
Investing in digital gold is now a popular option as it enables investors to buy gold online. The storage of gold is also taken care of as the seller stores the gold in a vault on your behalf.
Is the gold rate in Ganganagar the same as in the rest of India?
No, the gold rate in each city is different. The price in Ganganagar can be higher/lower than in other cities. Various factors determine the gold rate in Ganganagar and elsewhere.
Which is purer - 24-Karat or 22-Karat gold?
Does the price of gold change every day?
How are gold rates determined?
Location
₹55,430 / 10gm
Last updated on: 8th Mar 2023
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.