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

    The gold rates have recently shown a steady rise in the price of the gold than it has ever done before since is it is one of the most used commodities amongst Indians. This demand has also seen a sudden increase in the rate of gold in Silchar. The rates set for a certain amount of gold is set on an international level. It is based on these international standards that the gold rates for each day are being set. Indians are known for having a give and take relationship with gold from the very beginning. Take means to buy the gold or invest money on the purchase of gold, whereas giving means to pledge the same gold at times of desperate financial crisis.

    Compare 22k & 24k Gold Rate in Silchar

    Last 10 Days Gold Rates

    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 Silchar

    Gold. This is one metal is one of the most popular and the most consumed in Silchar and in India as a whole. The gold rates in Silchar is decided by international standards and trends. The prices of gold are highly dynamic in nature because it has not just one but various factors affecting the deciding of the rate of gold for that one day. This could be from the strength of the US Dollar to the seasonal demand to the financial market situations in the country. People of Silchar usually buy gold only in the form of jewellery or ornaments which is basically the same reason that everyone in the nation purchases gold as/for.

    List of banks providing gold loan in Silchar

    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 rates in Silchar are decided by taking various national and international trends into careful consideration. This could range from the strength of the Indian rupee to the seasonal demands of gold to the fluctuations in the financial industry. Gold is an integral part of the Indian culture to be having to wear gold jewellery for any and all occasions. When compared to the previous years, the rate of gold has significantly increased over the years. If you want to continue investing in gold then it would definitely be of greater value.

    How do Gold Traders Determine Future Gold Prices in Silchar?

    Gold traders determine the future gold prices in Silchar, by using the following factors.

    1. Gold related news: it is very important to constantly monitor the gold-related news to know the demand and supply that would be required by the business.
    2. Prices of other valuable metals: it is important to know the prices of other metals as well to make sure they have the prices of gold accordingly, again to keep the demand and supply for gold consistent.
    3. Rupee Foreign Exchange rate: if the value of the rupee falls when compared to the other currencies then the prices of the gold would increase and vice versa which is why it is important to check the impact of the imports and exports done by our currency.

    Impact of GST on Gold Rate in Silchar

    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 Silchar 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 Silchar Gold Rate?

    The Central Bank is the regulatory authority that allows the regulation of all the financial and banking services in the country and also simultaneously executes the government’s issuing of currencies and monetary policies. The gold rates in Silchar are based on the Central Banks’ monetary policy as well. All the policies regulate by the central bank and its actions are key drivers in setting the gold prices. Gold mining companies and banks also manipulate the gold prices as they have huge gold reserves with them.

    Gold as an Investment in Silchar

    There are plenty of stores in Silchar where gold products are sold with the latest designs and schemes. However, it is advisable for an individual to do proper research about all shops and their credibility online before directly purchasing gold as and when they see it. It is also important to check the newspaper regularly for updates regarding the rates of gold worldwide so that you would know if a person is charging you more than the current price.

    How Can You Make Gold Investments in Silchar

    There are a number of ways in which one can invest in gold. It can be done in the form of gold coins or jewellery. The below-mentioned factors are some of the investment opportunities:

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

    Gold Schemes To Invest in Silchar

    The schemes that are existent for the purpose of saving gold can be used by many who want to save money for larger expenses. There are various gold schemes that one can invest in Silchar based on their preferences.

    These schemes are known to offer large discounts on the making charges of the gold, however, they cannot make it free. 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 are:

    1. Gold is one of the purest precious metals as it does not have any oxidants in it.
    2. Gold is one of the softest kinds of metals there is because 1g of this metal could easily be beaten using a hammer.
    3. To make gold very hard it has to alloyed with certain other very specific metals, else it is very soft.

    Things to Consider Before Buying Gold Jewellery in Silchar

    Here are the things one should consider before buying gold jewellery, in Silchar:

    1. Purity: the gold coins that you purchase should have a purity of 24 carats and gold jewellery of 22 carats.
    2. Weight: the more the weight of the gold, the higher the price. The weight might also increase if there are more stones in the jewellery. So choose wisely as to what fits your budget.
    3. Certification: it is important to know and understand the authenticity of the gold that you are about to invest in. Hence, make sure there is a purity certificate attached to it, would make it easier for you to pledge gold if needed as well.
    4. Labour charges: also called the making charges. This is charged for the work done by people on the jewellery. Any and all kinds of gold you purchase, you would be charged making charges. So, make sure the entire thing fits within your budget.

    Factors that Influence Gold Prices in Silchar

    The factors that influence the gold prices in Silchar are:

    • The value of the Indian rupee against other currencies on a global scale; this is because when the value of the rupee decreases, the gold price increases and vice-versa.
    • The fluctuations in the international market is said the be the most important detrimental factor in deciding the prices of gold. If there is a rise in gold in any part of the world, it would be the same in Silchar as well.
    • The prices are also largely affected by the seasonal demand and supply of the gold that happens at fixed times of the year and more often during the wedding seasons.

    KDM and Hallmarked Gold in Silchar

    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 is 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 Silchar

    As the demand for gold has been increasing over the years, so has the confusions regarding the understanding of 916 gold prices in Silchar. This is because there has not been a proper explanation regarding the same.

    In India, 22 carats of gold is considered to be 916 gold. 22 carats of gold is the purest form of gold jewellery there is, which means 916 gold is the same. So when an individual is looking for gold prices they should also look for the prices of 916 gold.

    The gold rates are typically affected by the fluctuations of the USD against the other currencies, the value of the Indian rupee against other currencies, the import duty, the import tariff paid and so on.

    However, the recent trend of the gold rates in  Silchar has been quite unstable and more instability is being predicted because of the changes in policies in different countries, owing to the current situation.

    Best Place to Buy Gold in Silchar

    To decide the best place to buy gold in Silchar an individual would have to explore their options. This can be done in today’s world by checking the internet for the latest designs, shops offering better rates and the credibility of the shops as well. However, it is equally important to check the newspaper for the rates of gold and its recent trends to approximately determine the right time to purchase gold. This precious metal can be purchased anywhere, but Silchar offers the best designs and affordable schemes.  Gold Rate in Silchar

    Buying a Gold Loan in Silchar

    Buying a gold loan in Silchar or in any other place is not as hard it seems to be. All you need to have is the gold in hand, the documents required to be submitted as proof as well as you meeting the eligibility criteria set by the bank or the lending institution.

    You also have to be in a financial position to give assurance to the gold insurers. If you are not being consistent with the repayment of your monthly interests despite several warnings; then you risk losing ownership of your gold. It is up to the gold lenders to decide what they want with the gold and they even have the rights to sue you to pay the entire amount immediately.

    A gold loan tenure is known for being the shortest time period when compared to the other types of loans and their loan tenures. This is because a gold loan tenure ranges from a minimum of 3 months and a maximum of 36 months that is 3 years.  However, you should check out multiple options to decide which interest rate and scheme suit your preferences.

    What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

    Advantages :

    • The most important advantage is that this scheme is supported by the government, which means fewer chances of fraudulence activities and more reliability.
    • It can be availed in two forms that are in the Demat form as well as in the paper form.
    • You do not have to worry about the gold’s purity as this exists in both papers as well as in electronic form.
    • It is managed completely in a digital forum, meaning you can do it at any time according to your convenience and the gold is safe with you.
    • There is a consistent annual interest on this scheme, so even if the interest rates in Silchar fall and continue to keep falling you would still get fixed interests at the said dates.

    Disadvantages :

    • the method of switching your gold bonds into physical gold is a tiresome process. However, if you have invested your gold in any scheme then you may not at any cost use that gold for any other purpose, only if you are ready for that should you enable this scheme.
    • If there are sudden fluctuations in the rates after you purchase the scheme then there are chances that you would face a capital loss of the investmenet. However, if you have opted for a long term plan then this would not affect you.

    Gold Vs. Mutual Funds

    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 Silchar


    What is the gold price in Silchar for 916 hallmark gold?

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

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

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

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

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

    About Silchar

    Silchar is the headquarters of the Cachar district which is situated in Assam and is considered to be the second-largest city of the state. It is situated on the banks of the River Barak. It attracts tourists in great numbers owing to its rich and diversified culture as well as natural beauty and excellent infrastructure.