Gold Rate in Bhagalpur

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Today’s Gold Rate in India
22 Karat
46,160Per 10g of 22k Gold

Today 24 Carat Gold Price in Bhagalpur – 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 Bhagalpur – 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 Bhagalpur :

The gold rate in Bhagalpur has increased more than ever before, indicating that gold is a trendy item among Indians. The demand for it has been high, resulting in a constant rise in the gold rate in Bhagalpur. The gold rate in Bhagalpur is currently above Rs. 2,700 per gram. As a result, the industry makes a profit. Bhagalpur’s gold rates are determined by international standards.

Compare 22k & 24k Gold Rate in Bhagalpur

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 BhagalpurGold Rate in Bhagalpur

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

More than real banks, Indians have a history of banking on gold. Consumers in Bhagalpur who are searching for secure and long-term earnings from gold can use it as part of their investment portfolio. In Bhagalpur, there are several major and small gold dealers that specialise in precious metals and constitute the backbone of the local gold sector.

List of banks providing gold loan in Bhagalpur

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 Malabar gold rate in Bhagalpur is entirely determined by global trends. A wide range of important elements also has an impact on it. It also considers the relationship between the strength of the Indian rupee and the seasonal demand for gold. Gold acquired in Bhagalpur is mostly utilised for jewellery since gold jewellery is used on almost all occasions in India.

How do Gold Traders Determine Future Gold Prices in Bhagalpur?

  • Gold’s price swings on a daily basis. Following the gold-related news on our site will also keep you up to date on any changes in the current gold rate.
  • Gold rates in Lucknow are influenced by the pricing of other precious metals. As a result, investors in the city pay attention to the price of other metals.
  • Furthermore, because the rupee exchange rate represents the impact of imports and exports on our currency, variations in the rupee rate may have an impact on the gold rate in Bhagalpur.

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

When no other investment option works in Bhagalpur, any investor turns to gold. When the stock market declines, investors begin to withdraw their funds. As a safe investment choice, some individuals place their money in fixed deposits or precious metals such as gold and silver.

Impact of GST on Gold Rate in Bhagalpur

There has been a lot of rises and falls in the gold rate since the Goods, and Service Tax (GST) was enacted in India. The introduction of the GST has an impact on the gold rate in Bhagalpur, in addition to world trends. This implies that any gold jewellery is now subject to a 3% tax. This does not include the 1.5 per cent VAT that was imposed previously.

The taxes system has been simplified after the introduction of the GST. This has resulted in a 1.6 per cent rise in total costs. As a result, the gold rate in Bhagalpur has increased little today. This hasn’t had a significant impact on sales yet. It appears to be benefiting all of the largest investors in the gold sector.

Impact of Central Bank Policies on Bhagalpur Gold Rate?

The Central Bank is in charge of overseeing all of a country’s banking services. They also carried out the government’s monetary and currency policies. The gold rate in Bhagalpur, as well as elsewhere in the country, is determined by the monetary policy of the central banks. The bank supervises all of these policies. Its activities are crucial in determining gold prices. When banks purchase or sell gold, it affects the gold rate in Bhagalpur.

Gold as an Investment in Bhagalpur

Gold has a distinctive investing portfolio. Indians have long held the belief that investing in gold provides long-term advantages. Bhagalpur is regarded as a safe harbour for gold jewellery, gold coins, decorations, and other bullions.

In Bhagalpur, there are various jewellery stores where you may get genuine gold goods for investment purposes. However, before making the buy, conduct some web research to learn about the current gold rate in Bhagalpur. The gold rate in Bhagalpur fluctuates every day; therefore, it’s important to check on that specific day as well.

How Can You Make Gold Investments in Bhagalpur

  • Gold accessories and jewellery are popular among Indians. Make sure you buy certified jewellery to get the current exchange rate minus the manufacturing costs.
  • Gold bullions are much bigger than gold coins. They’re often purchased in kilograms. Gold is usually cast in the form of bars or slabs.
  • Investing in gold exchange-traded funds is a lucrative method to keep your money safe without having to have it on your own. If you need money right now, you may instantly swap them for cash.

Gold Schemes To Invest in Bhagalpur

Gold saving plans appear to be particularly effective for anyone looking to save money for weddings, anniversaries, or any other type of ceremony or event.

In Bhagalpur, there are several gold schemes to assist you in purchasing gold. They are widely available from renowned jewellers in Bhagalpur. Before you buy the gold, you may also look for savings on the manufacturing expenses. It’s also a good idea to put money into gold schemes so that you can amass gold for future use.

Some Interesting Facts on Gold

These are some gold statistics to keep in mind for investors.

  • The metal gold does not oxidise.
  • Gold is the softest metal, and 1 gram of it can be hammered with a hammer with ease.
  • Gold becomes very hard when alloyed with other metals.

Things to Consider Before Buying Gold Jewelry in Bhagalpur

  • You can’t buy gold unless it’s been tested for purity.
  • 14-carat gold jewellery and 18-carat gold ornaments are also available, with purity standards of 58.33 per cent and 75 per cent, respectively.
  • The weight of a piece of gold jewellery determines its price. If you add any additional stones, the weight and cost will almost certainly increase.
  • If you want to ensure the gold’s authenticity, ask the dealer for a purity certificate.
  • Every jeweller’s total bill includes the cost of producing the jewellery. This is the price of designing jewellery.

Factors that Influence Gold Prices in Bhagalpur

  • International market fluctuations are one of the most important factors impacting gold prices across the country. If the price of gold rises throughout the world, so will the price of gold in Bhagalpur.
  • The gold rate in Bhagalpur will reduce globally when the rupee’s value relative to other currencies rises and vice versa. India imports gold from a number of different countries.
  • Gold rate in Bhagalpur and across the country are affected significantly by the rise in demand and supply during the festival season.

KDM and Hallmarked Gold in Bhagalpur

Hallmark – Hallmark jewellery is the Bureau of Indian Criteria’ definition of quality certification based on international purity standards. This is determined by the composition of the alloying metal and the purity levels of the gold utilised.

KDM – This gold alloy contains 92 per cent gold and 8 per cent cadmium. This is the way the alloy is created. Older materials are still used in jewellery making, but because gold and solder have different melting temperatures, cadmium is now combined with gold. That’s why it’s known as KDM.

Understanding 916 Gold Price Today in Bhagalpur

This is one of the most often asked questions by individuals. It is necessary to research worldwide trends in order to determine the 916 gold rate in Bhagalpur. Currency fluctuations have an impact on it as well. 22 karat gold is referred to as 916 gold in India.

The price of gold in Bhagalpur is influenced by a number of variables, including the current amount of import duty. When the government lowers the import duty, the gold rate in Bhagalpur fall. Many variables influence the price of gold in Bhagalpur, including municipal tariffs. You may check the current 22-carat gold rate in Bhagalpur and buy it at a lower price to benefit.

Best Place to Buy Gold in Bhagalpur

Anyone interested in purchasing or investing in gold can look into several choices. The latest gold rate in Bhagalpur may be found online or in the paper. There are several stores located across the city. You may focus on the processes of making gold. If you are lucky, your jeweller might also offer some discount.

Buying a Gold Loan in Bhagalpur

In any city, even Bhagalpur, you may simply receive a gold loan against your gold. It is necessary to ensure that there are sufficient funds to repay the loan. If you don’t pay it back, the gold insurance company might simply seize the full sum. You can obtain a gold loan from any bank or non-banking financial institution.

What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

The Sovereign Gold Bond Program has a number of advantages.

  • Both Demat and paper versions of the Sovereign Gold Bond Scheme are available.
  • The fact that those programmes are government-sponsored is a significant benefit.
  • Because you can keep it in digital form, you don’t have to be concerned about its security.
  • You don’t have to worry about the gold quality because the bonds are in paper or electronic form.

Drawbacks of the Sovereign Gold Bond Scheme:

  • You will lose money on your investment if the price of gold falls after you acquire it.
  • Converting your gold bonds into actual gold is a time-consuming procedure. Bonds may not be the ideal solution if you wish to use gold for personal purposes.

Gold Vs. Mutual Funds

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

FAQs

✅ In Bhagalpur, how much does 916 hallmark gold cost?

In Bhagalpur, 916 hallmark gold costs 44,250 rupees. The cost of 916 KDM gold is similar to 22-carat hallmark gold.

✅ In Bhagalpur, what is the current price of one gram of gold?

In Bhagalpur, one gram of gold costs Rs. 4,829 for 24 carats and Rs. 44,250 for 22 carats.

In Bhagalpur, what is the current gold rate?

The price of 23-carat hallmark gold in Bhagalpur is 48,290 rupees.

About Bhagalpur

Bhagalpur is a historical city in the Indian state of Bihar, located on the southern banks of the Ganges River. It is the state’s third-largest city and the administrative centre of the Bhagalpur district and division. It is known as “Silk City” and is a significant educational, commercial, and political hub that is being developed under the Smart City initiative, a government-industry collaboration.

Rice, wheat, maize, barley, and oilseeds are the principal crops grown in the Gangetic plains that surround the city. The Gangetic dolphin, India’s National Aquatic Animal, calls the river home, and the Vikramshila Gangetic Dolphin Sanctuary has been constructed near the town.

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