Gold Rate in Mizoram
Gold is mainly used for jewelry and investment purposes in Mizoram, and India is one of the largest consumers of gold globally. As compared to other countries that use gold for industrial purposes, in Mizoram, gold is generally used for investment purposes.
Gold is the safest investment, especially when it comes to economic or political uncertainty. While in normal times, the price of gold remains stable, and the price fluctuates during conflict times.
Today Gold Rate In Mizoram
22-carat gold Rate₹4205 (Per Gram)
|
24-carat gold Rate₹4497 (Per Gram) |
22 Carat & 24 Carat Gold Rates In Mizoram Per Gram (INR)
| Gold Rate Today | Gold Rate Yesterday | Gold Rate Change(%) | |
| 22 Carat | 4205 | 4209 | -0.10% |
| 24 Carat | 4497 | 4502 | -0.11% |
Today 24 Carat Gold Rate In Mizoram (INR)
| Gram | 24 Carat Gold Yesterday | 24 Carat Gold Today | Daily Price |
| 1 GRAM | 4502 | 4,497 | -0.11% |
| 8 GRAM | 36012 | 35,980 | -0.09% |
| 10 GRAM | 45015 | 44,975 | -0.09% |
| 100 GRAM | 4501497 | 4,497,493 | -0.09% |
Today 22 Carat Gold Rate In Mizoram (INR)
| Gram | 22 Carat Gold Yesterday | 22 Carat Gold Today | Daily Price |
| 1 GRAM | 4209 | 4205 | -0.10% |
| 8 GRAM | 33674 | 33642 | -0.10% |
| 10 GRAM | 42092 | 42052 | -0.10% |
| 100 GRAM | 4209205 | 4205201 | -0.10% |
22 & 24 Carat Gold Rates In Mizoram for Last 90 Days
|
Date
|
Standard Gold – 22 K | Pure Gold – 24 K | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 2021-03-16 | 4,205 | 33,642 | 4,497 | 35,980 |
| 2021-03-15 | 4,209 | 33,674 | 4,502 | 36,012 |
| 2021-03-14 | 4,209 | 33,674 | 4,502 | 36,012 |
| 2021-03-13 | 4,201 | 33,610 | 4,493 | 35,948 |
| 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 |
How to invest in gold?
Gold is mainly purchased in Gujarat as a relatively safe investment that has traditionally been appreciated. Apart from that, Indians participate in various other investment channels such as real estate; on a very large scale, gold is an important and major part of the investment portfolio.
Generally, gold is invested in the form of coins, bars, and jewelry in Mizoram. However, in recent years, new techniques of investment in gold have provided investors new opportunities to trade in gold. Investors are now started investing in gold-related stocks and mutual funds. For Example, ETFs (Exchange Traded Funds) are useful and easy financial instruments that combine stock investment’s versatility and the simplicity of gold investments. These are some of the popular ways of investing in gold in Gujarat:
The most prominent way of investing in gold in Mizoram is buying gold jewelry. People traditionally buy gold on festive and auspicious occasions as it is seen as a safe and simple investment. But the one disadvantage of buying gold jewelry is that you need to pay for the making charges, which could increase up to another 10% of the price. All over, the popularity of designs and fashion change so that you might not receive the same price for your jewelry when you wish to sell it. There could be extra costs if you sell the jewelry to a different jeweler other than the original jeweler.
Although purchasing gold jewelry for immediate use is a viable choice, other more convenient and cost-effective alternatives are available now if you plan to keep it as a long-term investment.
Investment in Gold coins, biscuits, and gold bars
Investing in Gold coins, biscuits, and bars is another better option. You can get coins in different weights that fit different budgets. Coins may be purchased from a bank or a certified jewelry showroom. Moreover, keep in mind that banks only sell gold coins and do not buy them back, and then you need to sell them to a jeweler.
ETFs method of Gold
Old forms of gold investing, like buying jewelry, are taking place for newer forms of investing, like ETFs, gold mutual funds, and derivatives.
Individuals in Mizoram can invest in buying Exchange Traded Funds (ETFs). Investments in gold ETFs can be made online, revolutionizing how gold is bought and giving gold investments in Mizoram a whole new dimension.1 gram of gold is equal to ETF. They are becoming more common as they provide a number of benefits over purchasing actual gold such as jewelry or coins.
1. ETFs are exchanged on the stock exchange; you can buy and sell easily, and there are no liquidity issues.
2. They have certain tax benefits if you hold them beyond a year.
3. Since the ETFs are held in a Demat account, you don’t need to worry about the physical safety of the gold asset and the storage issues. ETFs are held in electronic form, so there is no possibility of theft. You don’t have to fear buying gold physically.
There is a cost to trading in ETFs on your trading account, which is usually a percentage of the investment made. You might also be charged for storing the gold in the bank vault.
For high liquidity, investors invest in ETF, and it is easy and simple to invest in this instrument. Only what you need is to have the power to bear the risk and be familiar and knowledgeable of gold as a commodity and of stock markets overall. Gold rates tend to rise and fall like other commodities due to various reasons and require regular attention, and proper knowledge of market movements, and the ability to calculate pricing information.
Method of Gold mutual funds and derivatives
You can invest in mutual funds like funds (FOF) that focus on holding units of other gold-related funds. Alternatively, you can invest in a fund that owns the stocks of gold firms that are publicly traded on global stock exchanges.
Another option is to invest in derivatives. Overall you need to have an account with a commodities broker and will have to pay charges on the trading. It contains high risk.
How to buy gold?
Investment in gold is very risky and expensive so, before buying the gold, you must keep in your mind the following points mentioned below before spending your money:
Research on gold rates
You must be aware of the Gold’s latest price and market trend as it frequently changes, so if you have the knowledge, it will help you in making correct decisions before investing in gold.
Decide the kind of gold you want to buy
Gold is of different forms like bars, coins, gold stocks, and jewelry. Each form has its own unique merits and demerits. Suppose if you want to sell gold in the future, then consider other forms of gold investment rather than jewelry.
Ensure Certification
Most important, before buying gold must look for the certification of the gold. Certain laboratories known as Assaying and Hallmarking Centres are authorized to certify the purity of the gold as jewelers do not certify the purity. But they can if and only if jewelers are licensed by BIS (Bureau of Indian Standards) can get the jewelry certified at these Assaying Centres. Hallmarked jewelry has different caratage, so a hallmark does not necessarily signify only 24K purity – it could be attesting 21K, 18K, or even 14K purity.
E-purchase
Now, there are various sellers who are selling gold online, and it is easy also to buy online; all you need is awareness. You must buy gold from a certified gold seller as there are high chances of adulteration and fraud.
How to buy gold coins in Mizoram?
Gold coins are very popular in Gujarat as people gift on auspicious occasions. It is also the best option for investment purposes as it is available in different weights, giving investors the freedom to choose according to their financial health. There are various jewelers and banks that sell gold coins. Gold coins are available online also, but there are more chances for fraud if they are not certified, jewelers/sellers. Before buying, ensure that you get a purity certificate when you buy a gold coin. The bank is not authorized to trade in gold coins.
How to buy gold bars?
Before buying any type of gold, you must have knowledge of current market rates. Banks and big jewelers sell gold bars from where you can buy, as they are typically kept for serious investors. It ranges from 500 gm to 1kg.
How to sell gold?
In Mizoram, gold is a highly liquid asset as it is always in demand. It’s not difficult to sell gold as most jewelers and pawn shops are able to buy gold. And intricately designed jewelry might fetch lower prices than expected because jewelers don’t pay for the design but only for the weight of gold. Some jewelers also pay lower than the market price, and some of the jewelers and pawn shops are willing to buy gold at market rates. It is better to get quotes from a few buyers before making a decision. You must be aware of current market prices and the weight of the gold you are planning to sell so that you can sell at the best possible price.
Compared to jewelry, Jewelers are attracted more towards gold coins and gold bars as they get better rates, so they sell more gold bars and coins rather than jewelry.
If you don’t want to sell your jewelry but need money, you can always take out a gold loan against it if you have an emergency. Banks and other non-bank financial institutions (NBFCs) offer competitive interest rates on gold loans. Since your gold is used as collateral, there is very little paperwork needed, and the loan approval and disbursement processes are both simple.
How much is gold worth?
Gold is one of the precious metals whose price generally tends to increase. Although, it is impossible to predict the price of gold that whether it will appreciate as an asset or not as Gold rates fluctuate constantly.
Factors affecting gold Rate in Mizoram
Following are the key factors that contribute to the price of gold in Mizoram.
Strength of the US Dollar:
In Mizoram, a strong US Dollar means lowering the value of gold rates, and then investors invest in the currency rather than in the metal. And if the dollar weakens, banks tend to invest in gold in comparison to the depreciating dollar. This step is taken to hedge against any uncertainties. Therefore the increased demand leads to an increase in the price of gold. In the same way, when the US dollar strengthens, investors shift their investments from gold to the US dollar. This fall in demand for gold leads to a consequent fall in the price.
Import costs:
Mizoram meets a huge demand of its gold needs through imports; this implies that import rates affect the gold rate within the country. Since trading takes place in US dollars, a stronger dollar makes buying gold more expensive.
Fixed Deposit interest rates:
A fixed deposit is the most popular investment option for millions of Indians. Gold comes a second. When the FD rates fall, investors started investing in gold as an alternative investment option. When the demand for gold rises due to increased demand, the price increases as well.
Economic stability:
since gold is regarded as a stable commodity, its price continues to rise during periods of economic crisis. Investors are shifting their funds from riskier investment sources to gold. Gold also has a high degree of liquidity and is held in high regard during periods of turmoil.
Seasonal price:
In Mizoram, demand for gold rises during auspicious festivals, marriage seasons, and other occasions, leading to an increase in gold rates.
Inflation:
The price of gold tends to run high during inflation. Since gold is bought as a hedge against inflation, this spiraling trend increases the price of gold.
Demand-supply:
Mizoram contributes just 0.75 percent of the total gold output in the world. There is a supply shortage in Mizoram because domestic gold production is severely reduced. Gold is manufactured in large quantities to meet the skyrocketing demand. Similarly, when there is a shortage of gold on the global market, gold rates increase.
Costs of mining and production:
Gold mining necessitates a high level of energy consumption per gram of gold produced, which is factored into the price. Due to rising production costs, the gold rate is also subject to rises by mining firms. This can be seen in the cost of importing gold into Mizoram.
Prices in other countries:
When gold rates rise on the international market, so does the price of gold in Mizoram. When central banks purchase gold as a hedge against inflation, for example, the price of gold continues to rise globally.
It’s also worth noting that gold rates in Mizoram can vary significantly between cities. The following are the key reasons for variations in domestic gold rates:
Price of transportation:
The majority of Mizoram’s gold is imported. As a result of the precious metal cost, port cities such as Mumbai and Chennai have marginally lower costs than cities located further away from the port.
State and local taxes:
Different states in Mizoram levy different taxes, resulting in price disparities between them.
The volume of demand in different cities:
Mizoram is a vast state with a diverse demographic and population. Gold is more expensive in rural areas, where the population is sparse, than in heavily populated areas, where prices are lower. Large towns, where demand is highest, exchange large quantities of gold, resulting in slightly lower prices. Cities with high gold demand, such as Chennai, Delhi, and Mumbai, have slightly lower prices than the rest of the country.
Measurement of gold
The gold weight is measured in grams or troy ounces (1 troy ounce = 31.1034768 grams)
What is a Carat?
The purity of gold is measured in Carat. It is a unit of fineness or purity. It is the ratio of an alloy mixed with gold, such as copper. Since pure gold is very soft, it needs to be alloyed with another metal in order to allow it to be made into jewelry, etc.
24 Carat gold is pure gold. Following is the fineness scale which is used while defining the purity of gold:
24 K = 99.9% Pure
22 K = 91.3% Pure
18 K = 75% Pure
14 K = 58.5% Pure
10 K = 41.7% Pure
To know more about the Gold Rate in Mizoram and updates about the gold rates in all other states of India, please visit the Dialabank website.
FAQs on Gold Rates In Mizoram
✅ What is the Difference Between 22k and 24k Gold?
- 24-karat gold – 24-karat gold is pure gold or 100% gold, and this type of gold has no trace of other metals and is known to be 99.99% pure gold. This form of gold is superior to 22-karat gold and is slightly more expensive. 24-karat gold bars come with a guaranteed resale due to the high liquidity and demand for gold in the market.
- 22-karat gold – This form of gold is 91.67% pure, and it also contains two parts of alloyed metals like silver and copper. This gold is commonly marketable in ornamental form and is cheaper than 24-karat gold.
✅ Which gold is the best quality?
The best quality of gold is 24-carat gold. The 24-carat gold rate today is ₹ 44,830.
✅ What is a hallmark of gold jewelry?
Hallmark indicates the fineness of gold and guarantees its purity. Its use to safeguard the interest of buyers and establish that particular jewelry adheres to international standards. Whenever you buy any gold jewelry, make sure it has a hallmark, suggesting its purity.
