Today Gold Rate In Daman and Diu
| 22-Carat Gold Rate | 24-Carat Gold Rate |
| ₹ 4,082 | ₹ 4,365 |
| (Per Gram) | (Per Gram) |
Gold Rate In Daman and Diu
Since the discovery of gold, the yellow metal has found a home in every Indian home. People agree that investing in gold is the safest way to plan for the future. Regardless of global conditions, the gold industry will continue to prosper. If there are any auspicious holidays, ceremonies, or marriages in Daman and Diu, the price of these yellow metals would be at its highest.
Gold has been known as a sign of prosperity and prestige for many decades. People have begun to buy gold if they have the financial means to do so, assuming that gold accumulation is the only way to save for the future. Gold is used not only to make jewels in Daman and Diu but also to make golden idols and other works of art.
Daman and Diu is one of India’s union territories with a gold industry that is largely reliant on foreign market prices. Since they do not have any gold mines, they import gold from other states and nations. The current gold levels in Daman and Diu as seen below.
22 Carat & 24 Carat Gold Rate In Daman and Diu Per Gram (INR)
| Gold Rate Today | Gold Rate Yesterday | Gold Rate Change(%) | |
| 22 Carat | Rs. 4200 | Rs. 4200 | 0.00% |
| 24 Carat | Rs. 4,492 | Rs. 4,492 | 0.00% |
Today 24 Carat Gold Rate In Daman and Diu (INR)
| Gram | 24 Carat Gold Yesterday | 24 Carat Gold Today | Daily Price |
| 1 gram | Rs. 4492 | Rs. 4492 | 0.00% |
| 8 gram | Rs. 35,940 | Rs. 35,940 | 0.00% |
| 10 gram | Rs. 44,925 | Rs. 44,925 | 0.00% |
| 100 gram | Rs. 4,492,488 | Rs. 4,492,488 | 0.00% |
Today 22 Carat Gold Rate In Daman and Diu (INR)
| Gram | 22 Carat Gold Yesterday | 22 Carat Gold Today | Daily Price |
| 1 gram | Rs. 4200 | Rs. 4200 | 0.00% |
| 8 gram | Rs. 33,602 | Rs. 33,602 | 0.00% |
| 10 gram | Rs. 42,002 | Rs. 42,002 | 0.00% |
| 100 gram | Rs. 4,200,196 | Rs. 4,200,196 | 0.00% |
22 & 24 Carat Gold Rate In Daman and Diu for Last 90 Days
| Date | Standard Gold – 22 K | Pure Gold – 24 K | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 2021-03-12 | 4,200 | 33,602 | 4,492 | 35,940 |
| 2021-03-11 | 4,200 | 33,602 | 4,492 | 35,940 |
| 2021-03-10 | 4,193 | 33,546 | 4,484 | 35,876 |
| 2021-03-09 | 4,133 | 33,065 | 4,420 | 35,363 |
| 2021-03-08 | 4,173 | 33,385 | 4,463 | 35,708 |
| 2021-03-07 | 4,173 | 33,385 | 4,463 | 35,708 |
| 2021-03-06 | 4,166 | 33,329 | 4,455 | 35,644 |
| 2021-03-05 | 4,145 | 33,161 | 4,433 | 35,467 |
| 2021-03-04 | 4,207 | 33,658 | 4,500 | 35,996 |
| 2021-03-03 | 4,263 | 34,106 | 4,560 | 36,476 |
| 2021-03-02 | 4,235 | 33,882 | 4,531 | 36,244 |
| 2021-03-01 | 4,280 | 34,242 | 4,578 | 36,621 |
| 2021-02-28 | 4,280 | 34,242 | 4,578 | 36,621 |
| 2021-02-27 | 4,278 | 34,226 | 4,576 | 36,605 |
| 2021-02-26 | 4,345 | 34,763 | 4,648 | 37,181 |
| 2021-02-25 | 4,360 | 34,883 | 4,664 | 37,309 |
| 2021-02-24 | 4,378 | 35,027 | 4,683 | 37,461 |
| 2021-02-23 | 4,392 | 35,139 | 4,698 | 37,582 |
| 2021-02-22 | 4,340 | 34,723 | 4,642 | 37,133 |
| 2021-02-21 | 4,338 | 34,707 | 4,640 | 37,117 |
| 2021-02-20 | 4,331 | 34,651 | 4,633 | 37,061 |
| 2021-02-19 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-18 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-17 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-16 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-15 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-14 | 4,440 | 35,523 | 4,750 | 37,998 |
| 2021-02-13 | 4,435 | 35,483 | 4,744 | 37,950 |
| 2021-02-12 | 4,449 | 35,596 | 4,759 | 38,070 |
| 2021-02-11 | 4,498 | 35,988 | 4,811 | 38,486 |
| 2021-02-10 | 4,483 | 35,868 | 4,795 | 38,358 |
| 2021-02-09 | 4,478 | 35,828 | 4,790 | 38,318 |
| 2021-02-08 | 4,427 | 35,419 | 4,735 | 37,878 |
| 2021-02-07 | 4,423 | 35,387 | 4,731 | 37,846 |
| 2021-02-06 | 4,420 | 35,363 | 4,728 | 37,822 |
| 2021-02-05 | 4,384 | 35,075 | 4,689 | 37,509 |
| 2021-02-04 | 4,477 | 35,820 | 4,789 | 38,310 |
| 2021-02-03 | 4,488 | 35,908 | 4,801 | 38,406 |
| 2021-02-02 | 4,564 | 36,508 | 4,881 | 39,047 |
| 2021-02-01 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-31 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-30 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-29 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-28 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-27 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-26 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-25 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-24 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-23 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-22 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-21 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-20 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-19 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-18 | 4,482 | 35,860 | 4,795 | 38,358 |
| 2021-01-17 | 4,480 | 35,844 | 4,793 | 38,342 |
| 2021-01-16 | 4,485 | 35,884 | 4,797 | 38,374 |
| 2021-01-15 | 4,532 | 36,252 | 4,846 | 38,767 |
| 2021-01-14 | 4,544 | 36,348 | 4,860 | 38,879 |
| 2021-01-13 | 4,535 | 36,276 | 4,850 | 38,799 |
| 2021-01-12 | 4,551 | 36,404 | 4,867 | 38,935 |
| 2021-01-11 | 4,549 | 36,388 | 4,865 | 38,919 |
| 2021-01-10 | 4,549 | 36,388 | 4,865 | 38,919 |
| 2021-01-09 | 4,527 | 36,212 | 4,841 | 38,727 |
| 2021-01-08 | 4,720 | 37,758 | 5,048 | 40,384 |
| 2021-01-07 | 4,684 | 37,469 | 5,010 | 40,080 |
| 2021-01-06 | 4,786 | 38,286 | 5,118 | 40,945 |
| 2021-01-05 | 4,757 | 38,054 | 5,087 | 40,697 |
| 2021-01-04 | 4,652 | 37,213 | 4,975 | 39,800 |
| 2021-01-03 | 4,652 | 37,213 | 4,975 | 39,800 |
| 2021-01-02 | 4,652 | 37,213 | 4,975 | 39,800 |
| 2021-01-01 | 4,638 | 37,101 | 4,960 | 39,680 |
| 2020-12-31 | 4,641 | 37,125 | 4,963 | 39,704 |
| 2020-12-30 | 4,624 | 36,989 | 4,945 | 39,560 |
| 2020-12-29 | 4,626 | 37,005 | 4,947 | 39,576 |
| 2020-12-28 | 4,622 | 36,973 | 4,943 | 39,544 |
| 2020-12-27 | 4,619 | 36,949 | 4,940 | 39,519 |
| 2020-12-26 | 4,619 | 36,949 | 4,940 | 39,519 |
| 2020-12-25 | 4,634 | 37,069 | 4,956 | 39,648 |
| 2020-12-24 | 4,636 | 37,085 | 4,957 | 39,656 |
| 2020-12-23 | 4,617 | 36,933 | 4,937 | 39,495 |
| 2020-12-22 | 4,654 | 37,229 | 4,977 | 39,816 |
| 2020-12-21 | 4,643 | 37,141 | 4,965 | 39,720 |
| 2020-12-20 | 4,643 | 37,141 | 4,965 | 39,720 |
| 2020-12-19 | 4,641 | 37,125 | 4,963 | 39,704 |
| 2020-12-18 | 4,644 | 37,149 | 4,966 | 39,728 |
| 2020-12-17 | 4,581 | 36,645 | 4,900 | 39,199 |
| 2020-12-16 | 4,563 | 36,500 | 4,880 | 39,039 |
| 2020-12-15 | 4,512 | 36,092 | 4,825 | 38,599 |
| 2020-12-14 | 4,548 | 36,380 | 4,864 | 38,911 |
| 2020-12-13 | 4,548 | 36,380 | 4,864 | 38,911 |
How To Invest In Gold?
In India, gold prices differ by state, and consumers are increasingly buying gold as a protection against political turmoil and inflation. In addition, some top financial advisors recommend allocating a portion of one’s portfolio to commodities, such as gold, to minimize overall portfolio risk.
Physical gold bars or coins are the easiest way to own gold, but they may be illiquid and must be stored carefully.
Gold-related ETFs and mutual funds, as well as gold futures and options, are available if you have access to derivatives markets through your brokerage account. You may also invest in gold mining stocks to obtain indirect access to gold, but the share prices of these companies do not closely follow gold’s value over time.
How To Buy Gold?
Investing in gold is one of the smartest ways to protect your money. When purchasing gold, you must scrutinize every detail to ensure that your funds are safe. Like every other business, the gold market is fraught with speculation. So, if you’re considering purchasing gold, keep the following considerations in mind.
Keep an eye on the gold rate in Daman and Diu: Monitoring the gold market on a regular basis is a good idea. This will help you understand current market trends and decide whether now is a good time to invest.
Different Types of Gold: Deciding on the kind of gold you want to buy is important. It’s possible to use gold jewelry, gold bars, gold coins, and even gold bars – one will be priced differently based on its karats.
Make sure the gold is pure by counting the number of Karats on the scale. Gold is 99.9% pure in 24 Karat, and 91.6 percent pure in 22 Karat. The fineness scale is shown below, which is used to assess the purity of gold.
- 24 K has a 99.9% purity rating.
- 22 K = 91.6 % pure
- 75 percent purity equates to 18 K.
- 14 K = 58.5 % pure
- 10 K has a 41.7 percent purity level.
Hallmark of the Bureau of Indian Standards (BIS): The best way to search for purity is to look for the Hallmark of the Bureau of Indian Standards (BIS).
How To Buy Gold Coins In Daman and Diu
In Daman and Diu, gold coins are a popular gift, particularly for special occasions. Gold coins come in a variety of weights, allowing investors to choose according to their budget in accordance with the gold rate in Daman and Diu. Jewelers and banks market gold coins. Gold coins can also be purchased online, but purchasing from someone who isn’t a licenced jeweler/seller can be dangerous. Be sure you have a purity certificate when purchasing gold coins. Banks are allowed to sell gold coins, but not to trade in them, so you may not be able to sell them back to them.
How To Buy Gold Bars
The most important thing to note when buying gold is to always monitor the current gold rate in Daman and Diu. Banks and large jewelers can sell gold bars, which are typically reserved for serious investors. These bars are usually 500 grams to one kilogram in weight.
How To Sell Gold?
Gold is a highly liquid commodity in Daman and Diu due to its constant demand as seen by the gold rate in Daman and Diu. Selling gold is simple since most jewelers and pawnshops can buy it. Remember that jewelers just pay for the weight of gold, not the design, so intricately designed jewelry will sell for less than you think. Having quotes from a few different customers before making a decision is a smart idea. In order to get the best price for your gold, you must be aware of current market prices as well as the weight of the gold you wish to sell.
Gold coins and gold bars are often easier to sell than jewelry because jewelers will pay you more for them. You can always take out a gold loan against your jewelry if you don’t want to sell it but need money. Gold loans are provided at favorable interest rates by banks and other non-bank financial institutions (NBFIs). Since your gold is used as collateral, very little paperwork is required, and the loan approval and disbursement processes are both straightforward.
How Much Is Gold Worth?
Gold is one of the few precious metals whose value will never dwindle. Predicting gold’s price and whether it will continue to appreciate as a commodity, on the other hand, is impossible. Although gold prices are constantly fluctuating, they have always been on the rise.
Factors Affecting The Gold Rate In Daman and Diu
Some of the major factors that influence the price of gold in Daman and Diu are mentioned below:
The value of the US Dollar: The strength of the US dollar means lower gold prices in Daman and Diu, as investors tend to invest in the currency rather than the metal. If the dollar depreciates, banks, on the other hand, tend to invest in gold rather than the depreciating dollar. This precaution is being taken to prevent any potential dangers. As a result of the increased demand, the price of gold increases. As the US dollar rises, investors shift their investments from gold to the US dollar. The price of gold declines as the demand for gold decreases.
Import costs: Since Daman and Diu import a large portion of their gold, import rates influence gold prices within the state as observed by the gold rate in Daman and Diu. A stronger dollar makes purchasing gold more expensive since gold is traded in US dollars.
Interest Rates on Fixed Deposits: A fixed deposit is the most popular investment choice for many millions of Indians. Gold is close behind in second place. Investors turn to gold as an alternative investment when interest rates on savings accounts fall. Gold’s price rises as demand rises.
Economic Stability: Since gold is considered a stable asset, its price increases during economic downturns. Gold is becoming a more common investment option for investors who want to diversify their portfolios away from riskier assets. Gold is therefore extremely liquid and is held in high regard during times of uncertainty.
Seasonal Price: Gold demand in Daman and Diu appears to increase during auspicious festivals, marriage seasons, and other occasions, resulting in higher prices which can be noted in the gold rate in Daman and Diu at the time of such events.
Inflation: The price of gold continues to increase during periods of inflation. The price of gold, which is bought as an inflation hedge, increases as a result of the spiraling trend.
Demand-Supply: Since domestic gold output has been severely reduced, Daman and Diu are experiencing a supply shortage. To satisfy the skyrocketing demand, gold is produced in large quantities. Gold prices rise when there is a global shortage of gold which can be seen at times in the gold rate in Daman and Diu.
Costs of Mining/Production: Gold mining consumes a lot of energy per gram of gold extracted, which is factored into the price. The gold price is subject to increases by mining companies due to increasing production costs. The price of gold imported into Daman and Diu reflects this.
International gold prices: As gold prices increase on the international market, the gold rate in Daman and Diu rises as well. The price of gold tends to increase globally as central banks buy gold as a hedge against inflation, for example.
It’s also worth mentioning that gold prices in Daman and Diu differ a lot from one city to the next. Here are the following reasons as to why this occurs:
Transportation costs: The majority of the gold in Daman and Diu is imported. Port cities such as Mumbai and Chennai have slightly lower prices than cities farther away from the port due to the cost of transportation of the precious metal which impacts the gold rate in Daman and Diu.
State and local taxes: Different states in Daman and Diu levy different taxes, resulting in price disparities between them as seen by the differences in the gold rate in Daman and Diu.
The Difference in Location: Daman and Diu is a wide state with a diverse demographic and population. Rural regions, where the population is sparse, have higher gold prices than densely populated areas, where prices are lower. Large cities, where demand is strongest, trade large amounts of gold, reducing prices marginally as seen in the gold rate in Daman and Diu. Cities with high gold demand, such as Chennai, Delhi, and Mumbai, have slightly lower prices than the rest of the country. Gold prices are marginally lower in cities with high demand, such as Chennai, Delhi, and Mumbai than in the rest of the world.
Measurement of Gold
The Karat is a gold measuring unit. The weight of gold, on the other hand, is commonly measured in troy ounces. One troy ounce is 31.1034768 grams in weight. The purest and most expensive form of gold is 24-karat gold.
FAQs on the Gold Rate In Daman and Diu 2021
✅ How gold price is decided?
Various factors influence the price of gold, including changes in the US dollar, import costs, interest rates on bank fixed deposits, economic growth, seasonal price, inflation, demand-supply, foreign markets, and so on.
✅ Why does the price of gold vary in India’s cities?
Local taxation, gold partnerships, the amount of gold obtained, and shipping costs are all considerations that go into deciding gold prices. The Gold Rate in Daman and Diu currently stands at ₹4200 for 22 carats and ₹4,492 for 24 carats per gram.
✅ Why there’s difference between 24k and 22k gold prices?
24-karat gold is 100 percent pure gold, meaning it has no other metals. 22-karat gold contains 91.67 percent pure gold and is made up of alloyed metals such as silver and copper. This kind of gold is mostly used in jewelry.
