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Dhanteras 2017 Gold/silver rates Today in Jewellery markets

Gold/Silver Rates on Dhanteras 2017 : 17th October, Tuesday coins sikka in india us uk full details information

Dhanteras is believed to be one of the most auspicious days in Indian culture for buying gold. This day goddess Lakshmi is worshipped to shower mankind with prosperity and wealth. On this day the previous yellow metal gold is purchased as a symbolization of good luck. Buying gold by avoiding fraudulent activities is very difficult and hence, these Dhanteras 2017 gold buying tips can help a lot.

Dhanteras 2017 Gold/silver rates Today in Jewellery markets

Gold Rate Today

Gold Price In Indian Cities
CityStandard Gold (22 K)Pure Gold (24 K)
1 gram8 grams1 gram8 grams
AHMEDABAD₹ 2,410₹ 19,280₹ 2,590₹ 20,720
BANGALORE₹ 2,445₹ 19,560₹ 2,600₹ 20,800
BHOPAL₹ 2,410₹ 19,280₹ 2,590₹ 20,720
BHUBANESHWAR₹ 2,438₹ 19,504₹ 2,608₹ 20,864
CHANDIGARH₹ 2,407₹ 19,256₹ 2,621₹ 20,968
CHENNAI₹ 2,438₹ 19,504₹ 2,608₹ 20,864
COIMBATORE₹ 2,438₹ 19,504₹ 2,608₹ 20,864
DELHI₹ 2,407₹ 19,256₹ 2,621₹ 20,968
HYDERABAD₹ 2,438₹ 19,504₹ 2,608₹ 20,864
INDORE₹ 2,410₹ 19,280₹ 2,590₹ 20,720
JAIPUR₹ 2,410₹ 19,280₹ 2,590₹ 20,720
KOLHAPUR₹ 2,410₹ 19,280₹ 2,590₹ 20,720
KOLKATA₹ 2,453₹ 19,624₹ 2,633₹ 21,064
LUCKNOW₹ 2,407₹ 19,256₹ 2,621₹ 20,968
LUDHIANA₹ 2,407₹ 19,256₹ 2,621₹ 20,968
MADURAI₹ 2,438₹ 19,504₹ 2,608₹ 20,864
MANGALORE₹ 2,445₹ 19,560₹ 2,600₹ 20,800
MUMBAI₹ 2,410₹ 19,280₹ 2,590₹ 20,720
MYSORE₹ 2,445₹ 19,560₹ 2,600₹ 20,800
NAGPUR₹ 2,410₹ 19,280₹ 2,590₹ 20,720
PATNA₹ 2,453₹ 19,624₹ 2,633₹ 21,064
PONDICHERRY₹ 2,438₹ 19,504₹ 2,608₹ 20,864
PUNE₹ 2,410₹ 19,280₹ 2,590₹ 20,720
SALEM₹ 2,438₹ 19,504₹ 2,608₹ 20,864
SURAT₹ 2,410₹ 19,280₹ 2,590₹ 20,720
TIRUCHIRAPALLI₹ 2,438₹ 19,504₹ 2,608₹ 20,864
VIJAYAWADA₹ 2,438₹ 19,504₹ 2,608₹ 20,864
VISAKHAPATNAM₹ 2,438₹ 19,504₹ 2,608₹ 20,864
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

Gold Rate in India

India is the largest consumer of gold in the world, accounting for almost a quarter of the world’s total consumption. It has, since long, maintained this position and, unlike countries like China, India uses gold primarily in the form of jewelry and investments. It is viewed as a solid instrument for investments and even traders who are into commodities trading, invest in gold bullion. These investments are usually dictated by the gold rates prevailing in the economy at that time.
Gold rates vary across different cities in India. Key reasons for this are:
  1. Taxes: State taxes differ from state to state. Some states levy higher taxes than others. This is one of the reasons why gold is more expensive in some cities than others.
  2. Demand: Owing to different population sizes and varying demographics, demand for gold also varies. Discounts are usually offered on larger volumes. So gold prices in cities like Mumbai are lower given larger quantums of transactions.
  3. Carriage: Indian imports a bulk of its gold requirements by sea. Gold prices at port cities e.g. Chennai are lower than those in interior cities e.g. Delhi because of the absence of inland transport charges.
  4. Local associations: Cities have their own local gold associations which have a say in setting the prices. This will also account for differences in gold prices between cities.
Even the global view of gold is that of a safe haven where you can invest even when investments in the economy of a country are not a good idea. This is because it is believed that this commodity always appreciates.
Karats represent the finesse or purity of gold. Gold being a very malleable metal is too soft to attain form on its own. It is usually alloyed with another metal, mostly copper, in order to attain form. The purity of the gold is then represented in karats as the parts of gold present out of 24.
24 karat gold is 99.99% pure gold whereas 22 karat gold is 91.67% pure. 22 karat gold means, the alloy consists of 22 parts gold and 2 parts of the alloyed metal.
24k gold is priced higher than 22k gold being purer, however, some people prefer 22k gold being more durable. Import duties are generally lower for 24k gold and higher for 22k gold.

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