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    Gold Rate in Kolhapur

    Today 24 Carat Gold Price in Kolhapur – Updated

    Gram 24 Carat Gold Today 24 Carat Gold Yesterday
    Daily Price Change
    1 gram ₹4,786 ₹4,787 ₹ -1
    8 gram ₹38,288 ₹38,296 ₹ -8
    10 gram ₹47,860 ₹47,870 ₹ -10
    100 gram ₹4,78,600 ₹4,78,700 ₹ -100

    Today 22 Carat Gold Price in Kolhapur- Updated

    Gram 22 Carat Gold Today 22 Carat Gold Yesterday Daily Price Change
    1 gram ₹4,686 ₹4,687 ₹ -1
    8 gram ₹37,488 ₹37,496 ₹ -8
    10 gram ₹46,860 ₹46,870 ₹ -10
    100 gram ₹4,68,600 ₹4,68,700 ₹ -100

    Today Gold Rate In Kolhapur :

    Today Gold Rate in Kolhapur is ₹ 44720/10gram for 24 Karat and ₹ 43720/10gram for 22 Karat. 

    There is a moderate rise in the gold rate in Kolhapur. Gold Rate in Kolhapur today is ₹ 44720/10gram for 24 Karat and ₹ 43720/10gram for 22 Karat. Gold is a popular item all over Indians. Due to an increase in demand, the gold price in Kolhapur is increasing. 

    The current 24 karat gold rate in Kolhapur is more than Rs. 4472 per gram, demonstrating that the industry is Profitable for the investors. Investors buy gold when the prices fall and sell it when the price goes higher, like the current gold rate in Kolhapur.

    Gold reserves in Central Bank determine the gold rate in Kolhapur like the rest of the country; the purpose of buying gold is for making jewellery and ornaments. The gold rate in Kolhapur seems profitable, so the people also use gold as an investment.

    Compare 22k & 24k Gold Rate in Kolhapur

    Last 10 Days Gold Rates

    Date
    STANDARD GOLD 22K PURE GOLD 24K
    1 GRAM 10 GRAM 1 GRAM 10 GRAM
    24 July 2021 Rs. 4,686.00 Rs. 46,860 Rs. 4,786.00 Rs. 47,860
    23 July 2021 Rs. 4,687.00 Rs. 46,870 Rs. 4,787.00 Rs. 47,870
    22 July 2021 Rs. 4,690.00 Rs. 46,900 Rs. 4,790.00 Rs. 47,900
    21 July 2021 Rs. 4,712.00 Rs. 47,120 Rs. 4,812.00 Rs. 48,120
    20 July 2021 Rs. 4,730.00 Rs. 47,300 Rs. 4,830.00 Rs. 48,300
    19 July 2021 Rs. 4,704.00 Rs. 47,040 Rs. 4,804.00 Rs. 48,040
    18 July 2021 Rs. 4,719.00 Rs. 47,190 Rs. 4,819.00 Rs. 48,190
    17 July 2021 Rs. 4,720.00 Rs. 47,200 Rs. 4,820.00 Rs. 48,200
    16 July 2021 Rs. 4,735.00 Rs. 47,350 Rs. 4,835.00 Rs. 48,350
    15 July 2021 Rs. 4,709.00 Rs. 47,090 Rs. 4,809.00 Rs. 48,090

     

    Gold Rate in Kolhapur

    Kolhapur is a city that is popular for using gold for weddings and Gold Rate in Kolhapurother festivals. Many factors influence the gold rate in the country, like the interest rate, Central Bank of India, and seasonal demand in the country. Gold rate in Kolhapur increases as Gold is mainly used for jewellery in weddings and decoration at the Ganpati festival.

    Gold is traded on three exchanges:

    • The National Commodity and Derivatives Exchange (NCDEX), 
    • The Multi Commodity Exchange (MCX) 
    • the National Spot Exchange (NSEL). 

    There are futures contracts you can buy and sell gold at a future date.
    During ancient times Indians used gold as a form of payment. Several large and small gold dealers specialised in Kolhapur, and they are considered the backbone of the local gold industry. 

    Interested in other cities like Gold Rate in Yamunanagar Visit dialabank for more information.

    List of banks providing gold loan in Kolhapur

    Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
    ₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
    ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
    ₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
    SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
    IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

    How are Gold Rates Decided?

    Central Bank of India, Global Trends strength of Indian currency are some of the factors that determine the Gold rates in Kolhapur. Residents of Kolhapur use gold for various reasons but mainly for weddings and festivals. Ganesh Chaturthi is a famous festival in Kolhapur people use gold to decorate lord Ganesh’s sculpture; such seasonal demand affects the gold rate in Kolhapur.

    When a central bank’s gold reserves are insufficient to cover its holdings, the central bank buys or demands more gold central bank’s decisions can also affect the rate of gold in Kolhapur.

    How do Gold Traders Determine Future Gold Prices in Kolhapur?

    Here are some various factors that lead to a difference in the gold price. Here are some factors that investors keep in mind in order to make future predictions.

    • Gold-related news: Gold traders keep a constant tab on any information related to the gold rate in Kolhapur to determine at what rate they should sell the gold on that particular day.
    • Other valuable metals: The gold rate in Kolhapur is affected by different metals’ costs. So the investors keenly monitor the prices of other precious metals to predict future changes.
    • Rupee Foreign Exchange rate: If the value of the Indian currency falls when compared to the other global currencies, then the gold rate in Kolhapur will increase and vice versa. So the gold traders check the impact of the imports and exports done by our currency.

    What Leads to the Increment of Gold Rates When the Stock Market Falls?

    When the stock market falls, investors in Kolhapur turn to gold. Many investors withdraw their funds from the stock market as the stock market price falls; people put their cash in fixed deposits or precious metals like gold, silver, platinum, and palladium as a safe investment.

    The fact that gold’s value does not depreciate is one reason it is so popular among investors. All investors around the world regard gold as a safe and successful investment option. The stock market continues to fluctuate, and the value of equities fluctuates for various reasons.

    Impact of GST on Gold Rate in Kolhapur

    You have seen many peaks and valleys in the gold rate after introducing Goods and Service Tax (GST). Along with international trends, GST has also reflected on the gold rate in Kolhapur. Taxation on gold jewellery is now 3% and is exclusive of the 1.5% VAT, which was imposed earlier, along with 1% excise duty. After GST, the taxation has been streamlined, and final jewellery bills are now inclusive of 3% GST with a customs duty of 10%, and processing charges are imposed as 5%.

    Impact of Central Bank Policies on Kolhapur Gold Rate?

    The central bank impacts the gold rate in Kolhapur as the central bank regulates all financial and banking services of a country and executes the government’s issuing currency and monetary policies. The gold rate in Kolhapur and anywhere in the country are based on the Central Bank’s economic policies. All the policies regulated by the central bank are the key drivers in setting gold prices.

     Gold mining companies also manipulate the gold prices as they maintain huge gold reserves with them.

    Gold as an Investment in Kolhapur

    Golds are safer and can be considered as one of the most precious metals in Kolhapur and the whole country. Residents buy gold for all kinds of purpose investment, celebrations, making jewellery and ornaments for weddings, etc. People in Kolhapur also use gold for trading a wide range of goods.

    You can purchase gold from various stores around the city for investment and personal use. The gold rate in Kolhapur is high and has the potential to grow in the future, so people in Kolhapur invest their money in gold as it is safe and can also provide benefits of getting a loan from the banks.

    How Can You Make Gold Investments in Kolhapur

    • Certificate: Gold certificates backed by the government can be great for investments. The cost of a gold certificate is low, and if you are looking for a low-risk investment, the gold certificate can be your choice as it is backed and supported by the government. It is safe and involves less risk.
    • Gold coins: You can also consider gold coins; there are two different kinds of gold coins, 22 karats, and 24 karats. 22 karat gold has a 92 % purity standard, and 24 carats have 99.99 %. You can buy gold coins from bank dealers and retailers in Kolhapur.
    • Gold bullions: Bullions can be bought in physical form like a gold coin. It is more significant than gold coins and is purchased in kilogrammes. They can be purchased at the current gold rate in Kolhapur; they are great for investment as gold bullion returns in gold bullions are higher.

    Gold Schemes To Invest in Kolhapur

    • GRT Gold Scheme: The GRT Gold Eleven Flexi Plan offers an investment opportunity starting with Rs.500 for monthly payments for 11 months, and you can buy the jewellery in the 12th month. This scheme is beneficial to all customers from different backgrounds and is safe as it also offers a complete refund if you fail to give all the amount due.
    • PNB Gold coins: PNB offers 24 karat gold coins produced in Switzerland and branded with the PNB logo in different weight categories 5,8,10,20 grams. If you want to invest in Kolhapur, PNB gold coins can be a great choice as the gold rate in Kolhapur is high and can also be used for gifts.

    Some Interesting Facts on Gold

    Check out interesting facts on gold.

    • Gold is a non-oxidising metal.
    • Gold is considered a good conductor of heat and electricity.
    • Gold is weaker when compared to other metals, and a single strike from a hammer can easily break 1g of gold.
    • When gold is combined with other metals, it becomes more challenging to work.

    Things to Consider Before Buying Gold Jewelry in Kolhapur

    Many factors are constantly influencing gold rates, so when you are purchasing gold, make sure it has the mentioned features.

    • Purity: If you are purchasing gold jewellery, then make sure it has a purity of 22 carats that is 92% pure in jewellery, and 24 carats that are 99.9% in the case of gold coins.
    • Weight: The amount that you pay for buying gold depends on the weight of the gold. If more other metals in your jewellery are less valuable, you will have to pay less price.
    • Certification: Always buy gold with a purity certificate attached, as it is essential to know and understand the authenticity of gold before investing.
    • Labour charges: Labour charges are making charges of the jewellery. Labours are used to make jewellery shops’ gold rate in Kolhapur due to labour charges; you need to consider these charges before buying gold jewellery in Kolhapur.

    Factors that Influence Gold Prices in Kolhapur

    • International Market: Fluctuations in the international market are among the most crucial factors that influence gold prices across the country. If gold prices rise around the world, there will be a rise in the gold rate in Kolhapur.
    • Seasonal Demand: The gold rate in Kolhapur and the entire nation will increase if there is a sudden demand and supply. Such changes occur during the festive seasons such as Ganesh Chaturthi, Diwali, Dhanteras, Christmas, etc.
    • Rupees Value: If the rupee’s value rises against other currencies around the globe, the gold Rate in Kolhapur will fall and vice versa.

    KDM and Hallmarked Gold in Kolhapur

    • Hallmark – Hallmarked jewellery is a certification of quality as per the international standards of purity by the Bureau of Indian Standards (BIS). It is determined by the purity levels of the gold used to make the gold in Kolhapur.
    • KDM – KDM is formed when 92% of gold is mixed with 8% of cadmium. It is an alloy that is used in the process of jewellery designing. Two metals are used gold and solder material; they have different melting points, so cadmium is added to the mixture; therefore, it is called KDM.

    Understanding 916 Gold Price Today in Kolhapur

    Understanding 916 gold prices today in Kolhapur is the most asked question, yet it has no specific answer. It would help if you studied the global trend because the worldwide movement impacts the price of 916 gold in Kolhapur. The gold rate in Kolhapur is further affected by the rupees against other currency fluctuations.

    What is 916 gold? 916 gold is nothing but just a 22-carat gold is influenced by various factors like the import tariff rate, which affects the gold rate in Kolhapur. The lower the import duty, the lower the gold rate in Kolhapur. The rate of Gold in Kolhapur declines when the government decreases the import duty.

    If you are looking for investments, you can purchase 916 gold when the rate of gold in Kolhapur falls and sell it when the rate of gold in Kolhapur goes higher. All the factors affecting the 916 gold rate in Kolhapur can’t be explained in detail. The gold rate in Kolhapur is uncertain, and more uncertainty is expected as various country’s policies are debatable.

    Best Place to Buy Gold in Kolhapur

    People who want to invest can consider gold; there are various options available in Kolhapur. The first thing to do is check the current gold rate in Kolhapur either online or in a newspaper. There are multiple shops around Kolhapur and in Almost every part of the city. You can buy gold in Kolhapur now at its best rate.

    Buying a Gold Loan in Kolhapur

    A gold loan can be bought easily for the right amount of gold that you own. The method to get a gold loan is not as tough as people think; a gold loan is provided to you by keeping your gold as assurance, so getting the loan is more accessible as gold insurers have additional security.

    You have to be consistent with the repayment of the interests as well as the principal amount. If not, the gold insurer might sue you or seize the entire value, and you would also lose the gold you had provided as security.

    There are large gold insurance companies and banks that offer gold loans. Gold loan is Provided for 11 months. If you have gold, you can get the loan, but you will have to pay interest for 11 months. You can get gold loans after comparing Gold Rates in Kolhapur and all over India. Gold can be purchased from any bank or an insurance provider in Kolhapur. 

    Visit Dialabank for more details.

    What are the Advantages and Disadvantages of Sovereign Gold Bond

    The advantages are as following:

    • Forms: Sovereign gold bond is available in the market in both Demat and paper versions. 
    • Government: Sovereign gold bond is fully supported and backed by the government.
    • Digital: unlike physical gold, you won’t have to worry about its security because you stored it digitally.
    • Safety: The government fully supports sovereign gold bonds as there no risk of handling physical forms, making them safer and trustworthy.
    • Quality: You don’t have to worry about the gold quality because the bonds are available in electronic form.

    The disadvantages are as followed:

    • Fluctuating rates: If the gold rate in Kolhapur today falls after you finalise the purchase, you can lose your money. If you choose a long-term plan, you will be unaffected by price fluctuations.
    • Conversion: It takes time to convert gold bonds to real gold. Bonds may not be your ideal solution if you wish to use gold for personal reasons.

    Scheme Gold Vs. Mutual Funds

    MUTUAL FUNDS GOLD
    Complicated
    Less complicated
    Greater market risk Involved
    Based on global and few other factors it is easier to get a rough idea of the gold rates
    Options to invest in Equity linked saving scheme (ELSS), Equity mutual funds, debt fund, liquid funds, etc.
    Gold Funds and Gold ETFs
    More opportunity cost
    Less opportunity cost

    Latest News on Gold Rate in Kolhapur

    The healthy rising trend in Gold rate in Kolhapur

    The gold rate in Kolhapur has been showing a healthy rising trend. Two primary factors are the reasons for this increase. One would be that the risk aversion has taken centre stage, with the investors selling large equities and buying gold. Investors have also been diversifying their portfolios which have continued to be the reason for the rise in prices. As for May, the gold rate in Kolhapur has significantly been steady.

    FAQs

    ✅ What is the gold rate in Kolhapur for 916 gold?

    22-carat gold is referred to as 916 gold in India. The gold rate in Kolhapur for 916 hallmark gold is Rs 43,720 per 10 gramme.

    ✅ What is the price of 1 gram of gold in Kolhapur today?

    The price of 1 gm gold in Kolhapur today is ₹ 44,720 for 24 carats of gold and ₹ 43,720 for 22 carats.

    ✅ How international factors affect the gold rate in Kolhapur today?

    Fluctuations in the international market are among the most crucial factors that influence gold prices across the country. If gold prices rise around the world, there will be a rise in the gold rate in Kolhapur.

    ✅ How to get a gold loan in Kolhapur

    A gold loan can be easily bought for the right amount of gold that you own. The method to get a gold loan is not as tough as people think; a gold loan is provided to you by keeping your gold as assurance, so getting the loan is easier as gold insurers have additional security.

    For more information on a gold loan, visit dialabank

    About Kolhapur

    Kolhapur is a historic and ancient holy city in Maharashtra, India. Before Indian Independence, Kolhapur was a 19 gun salute princely state ruled by the Bhosale Chhatrapati of the Maratha Empire. Established on the river banks of Panchganga, Kolhapur is the largest city in Southern Maharashtra. Kolhapur is known for its Kolhapuri Chappal; Kolhapur was established done by Chhatrapati Shahu Maharaj. Shalini Vilas palace, Kolhapur, Maharashtra India