Gold Rate Today in Tripura

Tripura is a North-Eastern state in India, sharing borders with Assam, Mizoram, and Bangladesh. The capital of Tripura is Agartala. The state of Tripura is known for important cash crops like tea and rubber. It ranks second to Kerala in the country in the production of natural rubber. Tripura is also famous for its handicrafts, especially hand-woven cotton fabric, bamboo products, and wood carvings. Tripura is also a major tourist attraction with Eco & Wildlife destinations, Arts & Crafts, Fairs & Festivals, and Nature & Adventure Tourism spots. Hence, Tripura is rightly known as the state “where culture meets nature”. 

Besides this, there is also a demand for gold in Tripura by the locals for various cultural festivals and other occasions. 

Comparison between 24K and 22K Gold

The key difference between 24K gold and 22K gold is that of purity, durability, and cost. 

24K gold has a purity of 99.9%, signifying that it consists of approximately 99% gold while that of 22K gold is 91.67%, signifying that it comprises 91% gold and 9% of other metals.

Also, the 24K gold, might have brilliant colour and be gorgeous to look at, but jewellery made of 24K gold is not durable, as it is too soft to wear and tear. On the other hand, the presence of other metals (9%) in 22K gold makes it more durable. 

Finally, 24K gold costs more than 22K gold as it consists of 99.9% gold. It is said to be the purest gold. 

How is the Purity of Gold Evaluated in Tripura?

The purity of Gold in Tripura is measured through the number of karats (K). This is simple to calculate. 

For example, if you buy a golden ring of 10K, divide 10 by 24, as the purity of gold is measured on a scale of 0 to 24. Hence, 10/24 will give you 41.7, which means that your ring consists of 41.7% gold. 

Gold vs other Investment Options 

Gold is considered to be one of the most crucial. Besides gold, other investment options offer similar and, at times, better returns. There are options like – Direct Equity, Mutual Funds, Fixed Deposits, Real Estate, RBI bonds, etc. to name a few. 

Impact of GST/Central Bank Policies on Gold Rate in Tripura

The introduction of GST has deeply impacted every sector of the Indian economy. Similarly, gold rates are also affected due to the levy of 3% GST charges. This has increased the purchase price of gold and also had an impact on the import of gold, impact on the making charges of gold jewellery, and other related markets. 

Some interesting facts on Gold and Gold rates-Tripura vs other cities

Gold is the most famous and preferred form of jewellery for most Indians. This highly precious yellow metal lies deep in the Earth. Some interesting facts about Gold are-

• Gold is the most ductile metal ever known. A wire of 2 km can be drawn from just a gram of gold.
• The boiling point of gold is extremely high. It is 2808℃.
• It is an optimum choice for jewellery because it is unaffected even after being exposed to humidity, dust, or other gases in the atmosphere.
• Gold is believed to have come from meteorites. The surface of the Earth was enriched with precious metals after the meteorites bombarded approximately 200 million years ago.

As told earlier, gold prices are not fixed but dynamic in the Indian market, i.e., they keep changing every day.