Gold rate in Varanasi
gold rate in varanasi

24K Gold/ 10gm
57,440.00
0.00(0.00%)
22K Gold/ 10gm
54,700.00
0.00(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Varanasi (also called Banaras or Kashi) is believed to be the oldest city in the world. It is situated in southeastern Uttar Pradesh. Located on the banks of the River Ganga, it is an important pilgrimage destination for the Hindu, Jain and Buddhist communities.
The demand for gold in Varanasi mostly depends on local cultural factors. Jewellers and pawn shops in the city are always looking for buyers to sell gold jewellery, coins and bars. This makes gold a highly fluid commodity in Varanasi.
If you want to buy gold in Varanasi, try to make the purchase when the demand is low. Consequently, this is when the prices would be low too. Thus, ensure that you keep a track of the gold prices in Varanasi.
Keep reading to know the per-gram price of both 24-karat and 22-karat gold in the city.

22K & 24K Gold Rates Per Gram in Varanasi

24K
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GramYesterdayToday
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%)
Factors Affecting Gold Rate in Varanasi
Like any other major city in India, demand for gold in Varanasi increases during auspicious occasions like Akshaya Tritiya, Diwali or Dhanteras. During peak wedding seasons (November to February), the demand for gold in the city shoots up significantly. Gold is considered an excellent store of value in Varanasi. People in this city invest in gold, especially during high inflation and uncertain economic conditions to preserve wealth and hedge their risk.
The gold rate in Varanasi is also affected by the purity level of gold. The price of 24-karat gold differs from that of 22-karat and 18-karat gold. The purity levels of 24-karat, 22-karat, and 18-karat gold are 99.9%, 91.6%, and 75% pure gold, respectively.
Many domestic, international, and local factors affect the gold rates in Varanasi. Some of the major ones include the transportation cost of gold to the city, local or state-level cess or taxes, government policy changes, national and international economic stability, import cost of gold, international prices of gold, GST (Goods and Service Tax), and strength of the Indian Rupee (₹) against the US Dollar (USD).

Historical gold rates in Varanasi in last 10 days

1 gram
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Day24K Gold22K 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%)
Comparison Between 24K and 22K Gold
24-karat gold
24-karat gold is considered the purest form of gold. The percentage of pure gold in 24K gold is 99.9%. You’ll not find traces of other metals in it. This is also the reason why the price of 24-karat gold is higher than 22-karat, 18-karat, and 14-karat gold. Since 24-karat gold is too soft, it can’t be used to create intricate jewellery designs.
22-karat gold
22-karat gold is also called “916 gold” because it has 91.67% pure gold. 22-karat gold is harder than 24-karat gold because 22 parts of pure gold are mixed with 2 parts of other metals, such as zinc and copper. The presence of the other metals makes 22-karat gold stronger and harder. Most of the gold ornaments in Varanasi jewellery stores are created from 22-karat gold because it allows artisans to create sturdier designs.

Weekly & monthly gold rate in Varanasi
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
How to Buy Gold in Varanasi?
You can buy gold in Varanasi in the form of gold ornaments, coins, biscuits or bars. If you want to buy gold for investment, the best way to do it is by investing in alternative gold investments like digital gold, gold Exchange Traded Funds (ETFs), gold savings schemes, Sovereign Gold Bonds (SGBs), and gold mutual funds.

Trend of Gold rates in Varanasi

1 gram
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Day24K Gold22K Gold
01 February 202356545385
07 February 202300
Highest57445470
Lowest56545385
Impact of GST on Gold Rate in Varanasi
The implementation of the Goods and Services Tax (GST) has increased the tax rate on gold, as compared to the pre-GST tax regime. Now, you have to pay a GST of 3% on gold purchases. Additionally, the following import duties are levied by the Government of India on all gold articles - - Customs Duty - 12.5% - Agriculture Infrastructure and Development Cess (AIDC) - 2.5% - Social Welfare Surcharge - 10% of Customs Duty
Thus, the total taxes that you now pay on purchasing gold have increased significantly.
Frequently Asked Questions on Gold Price in Varanasi
Which are the best jewellery shops in Varanasi to buy gold ornaments, coins, biscuits and bars?
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What are the highest and lowest rates of 22-karat gold in Varanasi in the last 3 months (August-October 2022)?
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What units are used to measure and sell gold in Varanasi?
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What are the different gold colours sold in Varanasi?
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