Gold Rate in Agartala

0
Today’s Gold Rate in India
22 Karat
46,210Per 10g of 22k Gold

Today 24 Carat Gold Price in Agartala – Updated

Gram 24 Carat Gold Yesterday 24 Carat Gold Today
Daily Price Change
1 GRAM Rs 4860.00 Rs 4881.00 0.43 %↑
8 GRAM Rs 38880 Rs 39048 0.43 %↑
10 GRAM Rs 48600 Rs 48810 0.43 %↑
100 GRAM Rs 486000 Rs 488100 0.43 %↑

Today 22 Carat Gold Price in Agartala – Updated

Gram 22 Carat Gold Yesterday 22 Carat Gold Today Daily Price Change
1 GRAM Rs 4455.00 Rs 4475.00 0.447%↑
8 GRAM Rs 35640 Rs 35800 0.447%↑
10 GRAM Rs 44550 Rs 44750 0.447%↑
100 GRAM Rs 445500 Rs 447500 0.447%↑

Today Gold Rate In Agartala : Gold Rate in Agartala

 A lot of reasons contribute to the daily variance in gold rates in Agartala today. Gold’s world market is one of the most important factors. We’ve noticed that the demand for gold metal in the state has fluctuated.

As a result, demand for pricing has been limited. The currency movement is another significant thing that influences the current gold rates in Agartala. The value of the rupee has been losing ground versus the dollar. Prices tend to fall when this happens. As a result, gold rates in Agartala are affected today.

Compare 22K & 24K Gold Rate in Agartala

Gold Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,610 ₹ 4,560 ₹ 50 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 36,880 ₹ 36,480 ₹ 400 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 5,030 ₹ 4,976 ₹ 54 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 40,240 ₹ 39,808 ₹ 432 ↑

Last 10 Days Gold Rates

Date
STANDARD GOLD 22K PURE GOLD 24K
1 GRAM 10 GRAM 1 GRAM 10 GRAM
May 26, 2021 Rs. 4710.00 Rs. 47100 Rs. 5100.00 Rs. 51000
May 25, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 24, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 23, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 22, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 21, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 20, 2021 Rs. 4693.00 Rs. 46930 Rs. 5083.00 Rs. 50830
May 19, 2021 Rs. 4682.00 Rs. 46820 Rs. 5072.00 Rs. 50720
May 18, 2021 Rs. 4681.00 Rs. 46810 Rs. 5071.00 Rs. 50710
May 17, 2021 Rs. 4650.00 Rs. 46500 Rs. 5050.00 Rs. 50500

Gold Rate in Agartala

Gold Rate in Agartala

International trends determine the gold rate in Agartala. The price of gold is regarded to be a moving target. A multitude of things also has an impact on them. In Agartala, gold is bought chiefly for jewellery and adornment. When it comes to gold consumption, this is in line with the majority of the country.

More than banking, Indians have a history of banking on gold. Agartala consumers searching for secure and long-term earnings from gold can use it as part of their investment portfolio. In Agartala, several significant and small gold dealers specialize in precious metals and constitute the backbone of the local gold sector.

List of banks providing gold loan in Agartala

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?

The international gold rate primarily determines the rate of gold in India. London Over-the-Counter (OTC) rates determine the International gold rate, spot gold market trading and COMEX (Commodities Exchange) gold futures trading. The gold rate in Agartala is affected by excise imports, state taxes, and various local imports.

How do Gold Traders Determine Future Gold Prices in Agartala?

Various things impact the current gold rate in Agartala. Multiple elements can bring about price differences. With regards to projecting gold costs in Agartala, investors will take a look at a few things:

Other valuable metals costs also affect gold rates in Agartala. Therefore, investors in the city address the price of other metals. You can track down the current gold rate in Agartala and different urban communities and compare the gold rate on the web.

The rupee conversion scale addresses the effect of imports and exports on our money. Subsequently, variances in the rupee rate affect gold costs in Agartala. Thus, the exchange rate has a significant influence in affecting the gold costs of Agartala.

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

All the investment choices start to the dropdown. Agartala investors generally opt for gold. When the stock market starts to drop down, investors start to withdraw their cash. As a safe and wise investment choice, some people place their money in fixed deposits.  Gold is viewed and regarded as a safe and profitable investment option by investors worldwide as well in Agartala, as the value of gold does not decline after a certain point. The stock market continues to vary each and every day, and the value of stocks keep changing for different reasons.

Impact of GST on Gold Rate in Agartala

 The purchase of gold jewellery, coins, and bullions are imposed to a 3% GST charge. Jewellery sellers with their things produced by a third party are subject to a 5% GST on the manufacturing charge. In the end, the client is made responsible for paying the manufacturing charges. However, it is not mentioned on the invoice or bills but is included in the making charges section.

Impact of Central Bank Policies on Agartala Gold Rate?

The central bank’s financial system gets to decide the gold rate in Agartala. All policies are administered by the central bank, and its actions have a significant impact on Gold Rate in Agartala. Due to their massive gold inventories, gold mining companies and banks have complete control over gold pricing. When banks import and export gold, or when mine owners decrease or increase their gold production, the gold rate in Agartala fluctuates. This has an impact on gold prices. The central bank is in charge of running the country’s financial services and products, as well as the state’s currency and monetary policies.

Gold as an Investment in Agartala

The gold investment portfolio’s durability seems to be well. People tend to believe that investing in gold will provide them with long-term financial benefits in terms of earnings. Individuals of Agartala see gold jewellery, decorations, gold coins, and billions as a significant investment in protecting their wealth. There are numerous jewellery stores in Agartala where you may get genuine gold products for personal and investment purposes. It would be best if you double-checked on that day when you planned to purchase gold, as the gold rate in Agartala fluctuates every day.

How Can You Make Gold Investments in Agartala

Below are the several options to invest in gold:

  • Coins & Bars of Gold – When investing in physical gold, pure gold coins, bullions, and other options should be seen.
  • Gold Exchange Traded Fund (ETF) – Gold Exchange Trade Funds allows the investors to watch the price of actual gold. Here, you do not get physical gold ownership. Gold Exchange Trade Funds have an advantage over physical gold in that they are traded at the same price across the country.
  • Sovereign Gold Bonds – Sovereign Gold Bonds are bonds issued by the Reserve Bank of India on behalf of the Indian government. One bond is equivalent to 1 gram of pure gold. Sovereign Gold Bonds are less liquid than ETFs since they have a 5-year lock-in period; the entire duration is eight years.

Gold Schemes To Invest in Agartala

Gold investment plans are great for individuals who need to set cash aside for special events like weddings, commemorations, and other kinds of celebrations. In Agartala, various gold plans may help you purchase gold. They are effectively accessible from a portion of Agartala’s best finest gold dealers. The interest rate on these arrangements changes, relying upon the current gold rate in Agartala, just as the interest rate. The cash will be secured from the day you put resources when you invest in the scheme.

Some Interesting Facts on Gold

Following are some of the characteristics of gold:

  • The metal gold does not oxidize.
  • Gold is softer when compared with other metals, and 1g of the gold medal can be easily shattered with a hammer.
  • Gold becomes challenging when it is alloyed or mixed with any different types of metals.

Things to Consider Before Buying Gold Jewelry in Agartala

  • Purity of Gold 

 The purer the gold, the more costly it is. As an investment, buy pure gold bullions.

  • BIS Hallmark 

When purchasing jewellery, hallmarks are essential since they ensure that the piece contains gold. Objects made of 22K, 18K, and 14K gold are generally hallmarked.

  • Making Charges 

 It is in your utmost concern to be aware of the current making costs for jewellery. This will prevent you from being duped into paying an exorbitant making fee.

  • The article’s weight 

 Because gold is so expensive, even a slight weight reduction will significantly reduce its value. You could have the gold object weighed by a third party to guarantee its weight.

  • Invoice or bill 

 An invoice includes all of the necessary information regarding the gold item. This includes aspects such as price, charging, gold purity, and so on. Invoices are essential, especially if you intend to sell the items.

Factors that Influence Gold Prices in Agartala

The following are the main factors that influence the gold rate in Agartala:

  • The value of Gold internationally– The gold rate in all countries, including India, is controlled by the international gold rate. Because India imports most of its gold, as worldwide prices fall, so there will be a fall in gold rate in Agartala.
  •  Strength of dollar in the United States – Gold is traded globally in US Dollars. The gold rate declines as the dollar appreciates.
  •  Indian Rupee stability – Because gold is purchased in US Dollars, more gold may be bought when the rupee appreciates versus the dollar. The gold rate in Agartala will fall.
  • Demand and Supply or import and export – The gold rate is influenced by demand and Supply. 
  • Monsoon – India’s rural population occupies 60 per cent of the country’s gold. Agriculture is the primary source of their riches. When the monsoons are favourable, more gold is purchased. The price of gold in Agartala and India rises as demand increases.
  • Geopolitical Factors – Customers can use gold investments as risk protection. When there is a dispute or tension between countries, people hoard gold and the price of the gold rises. 

KDM and Hallmarked Gold in Agartala

  • Hallmark – The Hallmark sign confirms that the gold you’ve purchased meets a set of requirements. The Bureau of Indian Criteria issues a quality certification based on international purity standards. 
  • KDM – It is a gold alloy containing 92 per cent of gold and 8 per cent of cadmium. It is mixed in the appropriate composition, and the KDM is manufactured.

Understanding 916 Gold Price Today in Agartala

It will be the best help if you look at the global trend that affects 916 gold in Agartala. Currency movements, such as the US dollars exchange rate over other currencies, have an impact on the 916 gold rate in Agartala. The gold rate in Agartala today is influenced by a number of factors, including the tariff rates rate.

The lower the gold rate in Agartala, the lower the import tariff, and vice versa. The government has reduced the import fee on gold, lowering the price of gold in Agartala. Aside from municipal taxes, there is a number of additional factors that influence the gold rate in Agartala. However, it is impossible to go over and check every element that influences the gold rate in Agartala in depth.

Best Place to Buy Gold in Agartala

Those interested and ready to purchase gold in Agartala have a number of options. On the internet or in the newspaper, you can find the current gold rate in Agartala. Other shops can be located in the cities at different places nearby. You can purchase gold from any location in Agartala that is currently offering the best Gold Rate in Agartala.

Buying a Gold Loan in Agartala

The gold loan can be easily availed with the gold you own in Agartala. As you are getting a gold loan with what you own, the process and the requirements are straightforward.

You have to make sure that you the sufficient funds to repay the loan. If you miss refunding the loan amount back, you have the chance of losing your gold, and the bank has the full rights to seize the entire funds. Usually, the tenure of a gold loan is 11 months.

Many of the banks in Agartala provide an online facility for the gold loan; the individual can even process it from home. Every bank and financial organization of Agartala have the option of a Gold loan; you can choose between them and compare the interest rates in various banks.

What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

Advantages are the following:

  • Sovereign Gold Bond Scheme is available in Demand format.
  • The government’s support for the sovereign gold bond scheme is one of the advantages.
  • You don’t have to worry about its security, unlike physical gold, since it can be done electronically.
  • Since these bonds are in electronic form, you don’t have to be worried about the gold quality.

The following are some of the disadvantages:

  • You will be losing a considerable amount of money if the gold rate today lowers after you finish the purchase.
  • You will be unaffected by price variations if you choose a long-term plan.
  • Converting gold bonds to real gold takes time as well.
  • Furthermore, if you want to use gold for personal reasons, bonds may not be the ideal solution.

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

The latest news on Gold Rate in Agartala

2021-06-07:

the 22-carat gold pricing in Agartala was 4650 per gram, while the 24-carat gold rate was Rs.5004. The price of 8 gram of 22-carat gold is 37200 rupees, and the price of 24-carat gold is 40032 rupees. In Agartala, 10 gram of 22-carat gold costs 46500 rupees, while 24-carat gold costs Rs. 50040.

FAQs

✅ What is the eligibility criteria to buy Sovereign Gold Bonds?

Sovereign Gold Bonds are available only for Residents of India, trusts, Hindu Undivided Families, universities, and charitable organizations. Even Parents can also invest on behalf of minors in Sovereign Gold Bonds.

✅ What are the benefits of buying gold Exchange Trade Funds?

The benefits of investing in gold Exchange Trade Funds: easy trading and transactions, transparency of trade, etc.

✅ Gold Exchange Traded Funds or Sovereign Gold Bonds Which one of them has more liquidity?

Compared with Sovereign Gold Bonds, which has five year lock-in periods, Exchange-traded funds are more liquid.

✅ Are gold exchange-traded funds traded on a stock?

Obviously, yes, it is traded on the stock market.

About Agartala

On India’s Malabar Coast, Agartala is a city in the state of Kerala. It’s famed for its beaches, such as the vibrant Agartala and the tranquil Thirumullavaram. The Sardar Vallabhbhai Patel Police Museum houses items from the police force’s history. Nearby, Ashtamudi Lake serves as an entrance to the Kerala backwaters, a lush network of waterways.

Menu