Gold Rate in Agra

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Today’s Gold Rate in India
22 Karat
45,690Per 10g of 22k Gold

Today 24 Carat Gold Price in Agra – 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 Agra – 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 Agra : gold rate in Agra

A steady rise in the gold rate in Agra that has never occurred before has been noticed in the recent few years. This shows how much the Indians have been using gold as a commodity.

This noticeable demand can also be observed in Agra. The rates set for a certain amount of gold is set on a universal level. This means that the prices of gold would be the same all over the world on one particular day.

It would not be a different one and another. It is the same. Therefore the deciding of the gold rate in Agra are based on the international market fluctuations, currency value fluctuations that happen on that day that affect the gold rates for each day are being set. The purchase and the making of gold in this particular city are mostly for ornaments and jewellery, which is basically the demand of not only just Agra but the entire nation.

Compare 22k & 24k Gold Rate in Agra

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 Agra

Gold is the most popular, largely consumed and highly precious metal. It does not hold this value just within Agra or India, but all over the world. The rates of gold are considered to be highly dynamic in nature because it is not just one particular factor that determines the rate of gold on that day, but several interrelated factors that could also be international.

Some examples of these factors could be ranging from the strength of the US Dollar to the seasonal demand to the financial market situations in the country. This precious metal is traded as a commodity in various exchanges such as MCX, NCDEX AND NSEL.  These contracts are available as spot contracts and futures contracts. Spot contracts are where the gold can be bought and immediately delivered, whereas future contracts are when gold is bought but is delivered way later and not right away.

List of banks providing gold loan in Agra

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 gold rate in Agra is decided based on the recent international trends and continue to be constantly affected by a wide series of influential factors, some of which may even go unnoticed because there are way too many.

This could range from the strength of the Indian rupee to the seasonal demands of gold to the fluctuations in the financial industry. The majority of the people who purchase gold in Agra or even the rest of the world always buy it in the form of jewellery or ornaments; buying coins doesn’t happen very frequently.

How do Gold Traders Determine Future Gold Prices in Agra?

There are a few parameters that most investors keep in mind to determine the future gold rate in Agra, those are:

  1. Gold related news: Gold sellers or investors usually lookout for the daily news regarding the gold rate in Agra to note down and apply any fluctuations on prices because of global fluctuations. Any drastic changes in the rates would affect their business; they need to be prepared for anything, which is why it is important to keep track.
  2. Prices of other valuable metals: The gold rate in Agra are also influenced by the prices of other metals. The investors would also have to keep track of the rate of other precious metals before determining the price of the gold.
  3. Rupee Foreign Exchange rate: if the value of the rupee rises when compared to the other currencies, then the prices of the gold would decrease, and vice versa, which is why it is important to check the impact of the imports and exports have done using our Indian rupee.

Impact of GST on Gold Rate in Agra

There has been a lot of ebbs and flow in the gold rate, especially after the enactment of Goods and Service Tax (GST) in India. Along with international trends, the advent of GST has also reflected on the gold rate in Agra as well.  This means the taxation on gold jewellery is now 3%, which is exclusive of the 1.5% VAT, which was levied earlier, along with 1% excise duty.  After GST, the taxation has been streamlined; the final jewellery bills are now inclusive of 3% GST, customs duty of 10% and processing charges are imposed as 5%.

Impact of Central Bank Policies on Agra Gold Rate?

The Central Bank is the regulatory authority that regulates all the financial and banking services of the country and also successfully executes the government’s issuing of the currency and monetary policies. The gold rate in Agra or anywhere in the country is dependent on the Central Banks’ monetary policies. These policies, which are regulated by the Central Bank, are the key drivers in deciding the gold rate in Agra.

Gold as an Investment in Agra

There are several jewellery stores in Agra, where you can buy genuine gold products for investment, as well as personal use. But before making the purchase, it is advisable that you do some online research to know about today’s gold rate in Agra so that you make an informed decisionThe gold rate in Agra keeps on fluctuating every day, so you need to check on that particular day as well.

Make sure that you get the purity certification from your vendor against the jewellery that you have purchased. This ensures that you have invested your money safely, and it is only possible to exchange certified jewellery at the current gold rate in India.

How Can You Make Gold Investments in Agra

Ways you could make gold investments in Agra are:

  1. Investing in gold coins
  2. Purchasing jewellery
  3. Gold bullions
  4. Exchange-traded funds

Gold Schemes To Invest in Agra

The gold schemes are present in the market with the sole objective of helping people save gold that can be used by many who want to save that money for larger, more emergent expenses/situations in life. There are various schemes present in Agra that one could invest in, which would make the purchase of gold easier.

There are plenty of discounts on the making charges that are existent when purchasing gold. However, there is never gold that is bought with completely no making charges paid. It is advisable to invest in gold schemes as a purpose to accumulate gold for future purposes. Invest in any such scheme, not for investment purposes, but to buy physical gold at a later stage.

Some Interesting Facts on Gold

Some things about gold that investors should definitely know.

  1. Gold is way softer than other kinds of metals, and 1g of this metal could easily be beaten using a hammer.
  2. To make gold very hard, it has to alloyed with certain other particular metals; else, it is very soft.
  3. They do not have oxidants in them.

Things to Consider Before Buying Gold Jewellery in Agra

The factors that influence the gold rate in Agra are plenty. However, there are certain things one should consider before buying gold jewellery. They are:

  • Weight: the weight of the jewellery is directly proportional to the price that you would have to pay for the gold jewellery. If the weight is high, then so would the price. And vice-versa.
  • Purity: gold jewellery should compulsorily have a purity of 22 carats, whereas gold coins should have a purity of 24 carats.
  • Labour charges: this is also known as making charges. It is the amount charged for the services and the labour work behind the jewellery. You need to check if this cost also added to the jewellery price would be fitting in your budget.
  • Certification: you have all the rights to know the authenticity of the gold that you are about to spend your money on. Ensure you always have a purity certificate for any gold jewellery that you purchase.

Factors that Influence Gold Prices in Agra

The factors that influence the gold rate in Agra are:

  • The prices of gold in Agra and the entire nation as a whole increase when there is a sudden demand and supply that takes place during the festive seasons, wedding seasons, or if there is a sudden dip in prices and the offers are high.
  • The value of the Indian rupee, when compared to other currencies, is another major factor; when the value decreases, then the gold rate in Agra increases rapidly and vice-versa.
  • The international market fluctuations are one of the most important factors which affect the price of gold around the country. If there is a rise in the prices of gold around the world, then it would happen in Agra as well.

KDM and Hallmarked Gold in Agra

Hallmark – it is jewellery which is a certification of quality as per the internationally set standards of purity by the Bureau of Indian Standards. It is determined by the composition of the metal which is used for alloying and the purity levels of the gold used in the same.

KDM – KDM is formed by 92% gold is mixed with 8% of cadmium. It is an alloy that is used in the process of jewellery designing; older materials are used. However, there are two metals that are gold and solder material, that are having different melting points, which is why cadmium is added to the mixture and is therefore called KDM.

Understanding 916 Gold Price Today in Agra

One of the most frequently asked doubts which not everyone has been able to answer completely—the understanding of the 916 gold. The individual should first have to make a study on the global trend to check the rates of gold and also check the factors affecting the rates of the 916 gold. This is because, in India, 22 carats of gold is usually named 916 gold. The rate of gold in Agra is affected by factors other than the international market, such as the rate of import duty. The higher the import duty, the higher the rate of gold being sold in Agra and vice-versa. The gold rate in Agra would also suddenly decrease if the government charges a lesser import tariff.

Best Place to Buy Gold in Agra

Gold Rate in Agra

People who are considering investing in gold should check out different options and not just jump on the first one they set their eyes on. The first and the foremost thing to do would be to check the current days gold rate in Agra either online or through a newspaper.

Plenty of shops offering the best of them all are present in and around Agra and in the majority of parts of the city. Though gold can be purchased anywhere in the world, Agra is the one with the best rates at the moment.

Buying a Gold Loan in Agra 

A gold loan can be easily bought for the right amount of gold that you own. The method to avail of a gold loan is not as tough as people make it to be, provided the gold is your own gold, and you are in a position to give assurance to the gold insurers.

Consistency is key when it comes to repayment of the interests of the borrowed amount. If you have not been paying your interests continuously, then the gold lenders have all the rights to auction your gold or even go to the extent of suing you.

A gold loan is typically issued for a short period, which ranges from 3 months to 36 months. However, there are various banks and lenders that offer different loan tenures as well as different interest rates.

What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

Advantages :

  • The most important advantage is that these schemes are backed by the government, which makes them more reliable.
  • This scheme can be purchased in two forms such as a Demat form and a paper form.
  • You need not have to worry about the purity of the gold because this exists in both papers as well as in electronic form.
  • They can be kept in a digital form, meaning you would not have to worry about the safety of your gold, unlike the physical gold.
  • This scheme works on consistency. This means that regardless of what happens in the market, you would continue to get your interest rates at the said time.

Disadvantages :

  • The process of having to switch your gold bonds into physical gold is a very long and tiresome process. If you have any plans of using the gold for any personal needs such as functions, weddings, etc., then these bonds would not work out for you.
  • Suppose there is a sudden drop in the gold R\ate in Agra right after you purchase the scheme or during the purchase of the scheme, then you would suffer from a capital loss of investment. However, you would not be affected by this if you had opted for a long-term plan.

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 Agra

27.05.21:

A new report has been filed against a newlywed woman who has reportedly run away with some gold and silver jewellery from her marital home after sedating her husband and in-laws. This event took place in the Bah City of Agra Rural; a missing complaint has been filed regarding the same matter at the Khera Rathore police station, said the Station House, Officer Prem Singh. Upendra, the complainant, and his family had woken up to find his wife missing at home, along with all the silver and gold jewels and all her clothes missing.

FAQs

What is the gold rate in Agra for 916 hallmark gold?

The gold rate in Agra for 916 hallmark gold is ₹ 45,900. The 916 KDM gold rate in Agra is the same as the 22-carat hallmark gold.

What is the price of 1 gram of gold in Agra today?

The price of 1 gm gold in Agra today is ₹ 5,010 for 24 carats of gold and ₹ 45,900 for 22 carats of gold.

How is today’s gold rate in Agra 916 determined?

The gold rate in Agra can be determined using different factors, such as the demand for gold. If there is low demand, then the prices of gold are also low, and vice versa; interest rates in the developed countries. The gold rate in Agra is also affected by the various Government policies such as the tariffs on gold, the tariffs the local government charges, etc.

About Agra

Agra is situated on the banks of the Yamuna river in Uttar Pradesh, a few kilometres south of New Delhi. Agra is known to be the fourth-most populous city in Uttar Pradesh and the 23rd most populous city in India. It is also most famously known for the Taj Mahal and various other Mughal monuments and memoirs.

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