Last updated on: 8th Mar 2023 06:30 AM
One of the most visited cities in Telangana, Warangal is famous for its spectacular historical monuments, fortresses and temples. Being home to several prestigious landmarks, the city of Warangal is also one of India’s first 100 smart cities.
There is a high demand for gold amongst the people of Warangal. But, like every other city in India, the gold rates in Warangal have constantly been fluctuating due to local economic factors and global trends.
Are you planning to buy gold in Warangal? It’s best to stay informed of price changes so you can budget for future investments accordingly. But before we delve into the details, let’s take a look at how the price of gold in Warangal has fluctuated over the past week.
Gold ornaments in Warangal are always in high demand compared to all other investment options. You can either buy the traditional form of gold, that is, physical gold, or invest in other forms of gold investments, such as:
Gram | Yesterday | Today |
---|---|---|
1 gram | ₹549.70 -0.50 (-0.09%) | ₹549.70 0.00 (0.00%) |
8 grams | ₹4,397.60 -4.00 (-0.09%) | ₹4,397.60 0.00 (0.00%) |
10 grams | ₹5,497.00 -5.00 (-0.09%) | ₹5,497.00 0.00 (0.00%) |
100 grams | ₹54,970.00 -50.00 (-0.09%) | ₹54,970.00 0.00 (0.00%) |
The Indian Bullion and Jewellers Association (IBJA) evaluates the purity of gold in Warangal, and all gold dealers are mandatorily required to incorporate the hallmark symbol of purity. While there are multiple purity levels, the most common ones are - 18-karat, 22-karat and 24-karat.
The price of gold in Warangal is directly dependent on the purity levels. The purest form of gold (24-karat) is the most expensive, while gold having 18-karat purity is relatively cheaper. This principle applies to gold rates in all cities.
Day | 24K Gold | 22K Gold |
---|---|---|
09 Mar 2023 | ₹5,497.00 0.00 (0.00%) | ₹5,039.10 0.00 (0.00%) |
08 Mar 2023 | ₹5,497.00 -5.00 (-0.09%) | ₹5,039.10 -4.58 (-0.08%) |
07 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
06 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
05 Mar 2023 | ₹5,502.00 0.00 (0.00%) | ₹5,043.68 0.00 (0.00%) |
04 Mar 2023 | ₹5,502.00 -3.00 (-0.05%) | ₹5,043.68 -2.75 (-0.05%) |
03 Mar 2023 | ₹5,505.00 8.00 (0.15%) | ₹5,046.43 7.33 (0.12%) |
02 Mar 2023 | ₹5,497.00 30.00 (0.55%) | ₹5,039.10 27.50 (0.46%) |
01 Mar 2023 | ₹5,467.00 6.00 (0.11%) | ₹5,011.60 5.50 (0.09%) |
28 Feb 2023 | ₹5,461.00 -10.00 (-0.18%) | ₹5,006.10 -9.17 (-0.15%) |
Whether you buy 22K or 24K gold, you must keep in mind the purpose of the purchase.
22K gold contains 22 parts of gold mixed with 2 parts of other metals/alloys such as silver, nickel and zinc. It is also called 916 gold, with a purity of 91.6%. 22K gold is more durable than 24K gold and is, thus, a better option for making gold jewellery.
24K gold contains 99.99% of pure gold and is the purest form of gold available in the market, but it is too soft to be moulded into jewellery. So, one can invest in 24K gold, but not in the form of jewellery. It can be in the form of gold coins or bars.
Gold is a precious metal subject to certain duties and charges under the GST regime. Buyers have to pay a 3% GST on the value of gold and an additional 5% on the making fees under the GST regime.
How much is one 'tola' of gold?
Tola, also written as tole or tolah, is an ancient unit of measurement introduced in the 1800s in India and South Asia. One tola is equal to 10 grams of gold.
How can I be sure of an authentic source for buying gold in Warangal?
What are making charges?
What is KDM gold?
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.