Gold Rate in Sri Ganganagar

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Today’s Gold Rate in India
22 Karat
47,350Per 10g of 22k Gold

Today 24 Carat Gold Price in Sri Ganganagar – 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 Sri Ganganagar – 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 Sri Ganganagar : gold rate in Sri Ganganagar

The gold rate in Sri Ganganagar has been fairly variable in recent decades since it is influenced by a variety of variables in both the domestic and international markets. The city’s rich history is one of the key reasons influencing the gold rate in Sri Ganganagar.

Sri Ganganagar is a planned city in the Indian state of Rajasthan, located close to the Indian and Pakistani Punjab borders as well as the international border between India and Pakistan. It was and still is the administrative centre of the district of Sri Ganganagar. Maharaja Shri Ganga Singh Bahadur, Maharaja of Bikaner, is its namesake. It is renowned as Rajasthan’s “food basket.”

Compare 22k & 24k Gold Rate in Sri Ganganagar

Gold Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,610 ₹ 4,560 ₹ 50 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 36,880 ₹ 36,480 ₹ 400 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 5,030 ₹ 4,976 ₹ 54 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 40,240 ₹ 39,808 ₹ 432 ↑

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 Sri Ganganagar

The gold rate in Sri Ganganagar and the whole country is fixed per gramme value; the gold rate in Sri Ganganagar will be the same as it is in the rest of the state. Most of the gold importers in India are banks and gold jewellery manufacturers. The availability of gold to fulfil loan demand also influences the gold rate in Sri Ganganagar.

All in all, the gold rate in Sri Ganganagar is dependent on an uncountable number of factors and is very dynamic in nature.

List of banks providing gold loan in Sri Ganganagar

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?

Gold has become a limited commodity, with only a few nations having substantial amounts. As a result, fresh gold isn’t always readily available, and availability changes over time, so we must make do with what we have. While the market balance varies, the gold rate in Sri Ganganagar can change dramatically, which is something to take in mind when setting rates in India.

Banks send this gold to dealers after deducting their charge, making it somewhat more costly than the rate at which it was imported.

India’s natural gold reserves are shrinking, and the country’s gold production is falling, in contrast to previous years.
As a result, India imports the vast bulk of its gold, making import tariffs a significant determinant of the price of gold in the nation.

How do Gold Traders Determine Future Gold Prices in Sri Ganganagar?

A high rate of importation will boost the price of gold in the country and vice versa. The performance of the USD has a significant impact on gold prices since the gold rate in Sri Ganganagar or anywhere in the country is inversely affected by dollar value.

As gold is a worldwide traded commodity and the US dollar is the world’s most frequently used currency, the two are linked. Events that happen in the US will have direct or indirect effects on the gold rate in Sri Ganganagar. The gold rate in Sri Ganganagar can rise as a result of tensions between global powers, altering state-to-state relationships. If the US has bad ties with a major gold producer, for example, the gold rate in Sri Ganganagar may rise due to a lack of sufficient supply of gold.

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

  • Inflation cost: Gold has a high value and is used to hedge inflation because of its generally consistent quality when compared to currencies. As a result, gold is preferred over currency by investors. If a result, as inflation increases, so makes the demand for gold and vice versa. As a result of increased client demand, the gold rate in Sri Ganganagar will climb. This is true in India for both domestic and international inflation.
  • National Gold Holdings: Most big countries’ central banks retain both cash and gold reserves. The Reserve Bank and the Federal Reserve Bank of the United States are two well-known examples. When big nations’ central banks start hoarding gold reserves and buying more gold, the gold rate in Sri Ganganagar rises.
  • Other nation’s influences: Any change in the global price of gold has an impact on the yellow metal’s price in India. India is one of the world’s top gold importers; hence global gold price variations have an impact on Indian gold pricing. Because the value of currencies and other financial instruments may fall during a political upheaval, investors seek out gold as a safe haven, and gold demand and price increases during such times compared to times of peace.
  • Gold demand in the market: India’s gold jewellery is well-known. Gold jewellery holds an important value in Indian homes. As a result of high consumer demand, the gold rate in Sri Ganganagar climbs throughout the wedding season and during festivals such as Diwali. The demand-supply imbalance causes the gold rate in Sri Ganganagar to rise. Outside of the jewellery business, gold is in high demand for a variety of reasons.

Impact of GST on Gold Rate in Sri Ganganagar

The Goods and Services Tax is a form of indirect tax levied in India on the sale of goods and services both together. Except for a few provincial taxes collected, GST is a multi-stage taxation system, destination-based comprehensive tax.GST is intended to be repaid to all parties involved in the different phases of production, excluding the end-user, and it is received at the place of consumption rather than the point of generation, as it was in the past.

Consider the following example to understand the effects of the GST on the gold rate in Sri Ganganagar. Assume a 24K 10-gramme gold bar costs Rs. 55,000 and gold imports are subject to a 10% tax. The gold rate in Sri Ganganagar before and after GST is as follows, assuming a $3,000 average importation cost.

Taxes On Gold Before GST After GST
Price of 10 gm gold ₹ 45,000 ₹ 45,000
Customs Duty (10%) ₹ 4,500 ₹ 4,500
Service Tax +VAT(2%) ₹ 990 NIL
GST on Gold (3%) NIL ₹ 1,485
The total value of gold ₹ 50,490 ₹ 50,985
Making charges ₹ 3,000 ₹ 3,000
GST on making charges (5%) NIL ₹ 150
Total Price of Jewelry ₹ 53,490 ₹ 54,135

Impact of Central Bank Policies on Sri Ganganagar Gold Rate?

The Reserve Bank of India regulates banks and non-bank financial companies in India. The RBI also maintains a close check on companies that offer gold loans to their customers. The Reserve Bank of India has procedures in place to safeguard its clients’ interests.

The Reserve Bank of India has reduced gold loaning rates, allowing lenders to borrow up to 90% of the gold pledged. Currently, banks can lend up to 75% of the value of gold jewellery and accessories. On the day of the monetary policy statement, the central bank upped the loan-to-value (LTV) ratio for gold loans to 90%. The LTV refers to the maximum amount a lender can lend based on the loan collateral’s worth.

The gold rate in Sri Ganganagar is dependent on the dynamics of market demand. Hence the RBI can’t exercise direct control over it. 

Gold as an Investment in Sri Ganganagar

Before making an investment, the risk-averse investors look for three key points:

  • Protection for investment
  • Ease of access
  • Profits

These are the three most crucial considerations.

All of these considerations should be made. Gold not only fulfils the first two requirements admirably, but it also fulfils the third condition admirably.

the reasons to invest in gold are:

  • Gold outperforms inflation and is a fantastic investment—the returns on gold investments negligible inflationary pressure over a period of time.
  • The gold rate is inversely linked to the stock investments values. If the stock market declines, gold values will rise, hence allowing for profits.

How Can You Make Gold Investments in Sri Ganganagar

Gold was formerly acquired in the form of artefacts, jewellery, and coins. New forms of gold investing are gold exchange-traded funds and gold mutual funds.

Gold ETFs allow you to possess the same amount of gold as if you were holding it in your hand, but the gold is maintained on paper for the holder; this prevents the risk of loss via robbery. Gold investments for mining firms are made through such gold funds.

Gold Schemes To Invest in Sri Ganganagar

Sri Ganganagar is a well-known city in the country’s northeast. It is the state’s principal coal-producing centre and a fast-rising metropolis in Rajasthan. See the table below for additional information on the various gold investment options available in Sri Ganganagar:

Gold Gold ETFs (Exchange Traded Funds) Gold Funds
Investment in physical gold The investor buys a proportionate value of gold but not in the physical form. The investment is made in bullion and companies involved in mining gold
No need for a Demat account The investor needs a Demat account No need for a Demat account to invest
Market fluctuations directly affect the prices of gold Changes in the gold rate in Sri Ganganagar affect that of gold ETFs Changes in the gold rate in Sri Ganganagar don’t affect gold funds directly
No additional charges other than the physical gold itself Gold ETFs involve asset management and brokerage fees There’s a minimum charge to manage the gold funds.
Risks of theft and burglary associated with storing physical gold Gold ETFs remove the burden of trading gold in the physical form Eliminates the risk of theft/burglary and buffers investments to changing market fluctuations
No paperwork required for investing Paperwork required for investing in gold ETFs Paperwork is required for investing in gold funds
Systematic Investment Plan (SIP) not available No SIP option SIP available
Best suited for conventional investors Best suited for investors who have the required time and skillset to trade Best suited for investors who expect high returns by taking calculated risks

Some Interesting Facts on Gold

  • Gold is the only yellow metal. Hence it is also known as “golden” metal. Other metals can turn yellow on oxidation or other forms of reactions with different substances under special conditions.
  • The majority of the gold on earth comes from meteorites that hit it 200 million years after it was created.
  • Gold has an atomic number of 79, making it one of the higher atomic number elements found in nature. Its symbol is Au, which is derived from the Latin word aurum.
  • Gold is a very ductile metal, as a single ounce of gold (about 28 grammes) may be stretched into a 5 mile (8 kilometres) gold thread. As a result, gold threads are also used for embroidery.
  • The property of a metal to be beaten into thin sheets is referred to as malleability. The most malleable of all the elements is gold. A 300-square-foot sheet of gold may be made from just 30 grammes of gold.
  • It is possible to create a thin enough transparent gold sheet. Fragile gold sheets may seem greenish-blue because gold reflects red and yellow so intensely.

Things to Consider Before Buying Gold in Sri Ganganagar

  • Failure to undertake a comprehensive examination on the veracity of the creditor: A secured loan, such as a gold loan, is one that is backed up with collateral (gold in this case). This collateral is kept by the creditor or lender until the loan is completely repaid.
  • You aren’t thinking about all of your options: everyone wants the greatest gold loan available. There is no common manner for obtaining a gold loan as it is based on the requirements of the loan recipients.
  • Failure to thoroughly review the repayment plan: Customers should carefully review the repayment arrangement with their creditors before accepting a loan. If they understand the loan’s terms fully, only then planning for the future is possible.

Factors that Influence Gold Prices in Sri Ganganagar

The Loan-to-Value Ratio (LTV) shows the interaction between the provided value of the loan and the pledged good’s net value. The riskier the investment, the higher the LTV. Borrowers must verify the Loan-to-Value Ratio to obtain the maximum value from the loan provider.
Creditors calculate the worth of your gold as per the market price and, depending on that, frequently fund a loan of up to 75% of its whole value. You may be eligible for a loan of up to Rs. 3 lakh if the market value of your gold is Rs. 4 lakh.

Gold has a higher sentimental value. It may motivate debtors to pay their debts on time. As a result, gold jewellery is preferred as a form of collateral by Indian creditors. Gold bars or bullion are not accepted as security for a gold loan by banks.
Because you don’t know what sort of gold qualifies for a loan, you don’t know what sort of gold qualifies for a loan. Check to check if the gold jewellery you’re selling is pure enough to sell.

Creditors will only approve loans for gold that is 18–22 carats pure or higher. Furthermore, precious stones will be omitted from the loan value calculation if the decorations contain them. Only the weight and purity of the gold will decide the loan value.

KDM and Hallmarked Gold in Sri Ganganagar

  • The BIS(Bureau of Indian Requirements)  gives a quality certification for hallmarked jewellery that fulfils international purity norms. The composition of the combined metals and the purity requirements for gold dictated this.
  • KDM is a gold-cadmium alloy with a gold content of 92 per cent and a cadmium concentration of 8%. This is the process through which the alloy is made. Cadmium is now connected with gold because of the different melting temperatures of gold and solder material, thus the moniker KDM.

Understanding 916 Gold Price Today in Sri Ganganagar

An answer to this question may be tough to come by. Consider how global trends affect the price of 916 gold in Sri Ganganagar. The value of the US dollar in relation to other national currencies also influences the price. The gold rate in Sri Ganganagar today is influenced by a number of variables, including the import tariff rate.

When comparing the value of two objects, In Bangalore, the lower the import tariff, the lower the gold rate, and vice versa. As the government lowers the state’s importing duty hence, the rate of gold in Bangalore falls. Except for municipal taxes, the gold rate in Bangalore is influenced by a variety of other factors.

Despite the fact that every factor impacting the gold rate in Sri Ganganagar is difficult to pinpoint, investors can purchase gold when the current gold rate is low and sell gold when the current gold rate in Sri Ganganagar rises.

Gold rate in Sri Ganganagar, on the other hand, have been extremely volatile, with additional volatility predicted as policy in a number of countries remains unclear.

Check out the current 22-carat gold rate in Sri Ganganagar and take advantage if they’re lower. To summarise, rather than being influenced by a single cause, the gold rate in Sri Ganganagar for 916 will be decided by a number of factors.

Best Place to Buy Gold in Sri Ganganagar

Banks and non-bank financial institutions (NBFIs) engage in such markets in Sri Ganganagar, offering trustworthy loans to customers. Banking institutions are the most prevalent loan providers since, in addition to loans, they provide a wide variety of financial services.

Buying a Gold Loan in Sri Ganganagar

A gold loan is simple to acquire in India because it is available both online and offline. Borrowers who take out gold loans may anticipate receiving their funds fast. Receiving a gold loan from a bank or non-bank financial institution is common.

Customers may now compare loan offers on the websites of Sri Ganganagar’s largest banks and non-banking financial institutions (NBFIs). This is a straightforward statement, yet it poses a significant problem to potential customers. Instead, consumers may use Dialabank, India’s first financial helpline,

To research and compare gold loan offers from a selection of market-leading gold lending companies, visit the Dialabank website.

Or

By Calling us at Dialabank: 9878981166

What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

Gold comes in a variety of shapes and sizes, which is one of the benefits of a gold bond.

  • There are coins, bars, necklaces, and bangles for sale, as well as a variety of gold accessories. It’s available in a variety of sizes and carats (a metric measurement for gold weight), so you’re sure to discover one that’s right for you.
  • Gold is one of the few tangible items that can be touched, and it is also one of the most valuable. Gold is significantly more accessible than other tangible assets, such as real estate. Gold may be purchased at any store or with a few mouse clicks online. Many Indian investors are interested in this investment because of its tangibility.
  • Because gold is a liquid metal, there is a lot of it. Any jeweller’s business can sell you pure gold. Although different businesses have different criteria, if you don’t want real gold on delivery and only want the value, you might be able to secure an early redemption on your investment.
  • You don’t need to do a technological study; instead, look at the current gold rate in Sri Ganganagar and decide whether to purchase or sell based on your personal financial situation. You are not compelled to do market research on your products.

A gramme of 24-carat gold is worth more than 52,000 USD, which is one of the downsides of gold bonds.

  • Investing in gold requires a substantial initial outlay. As a result, even a small quantity of this item requires a large initial expenditure. On certain websites, you might be able to get digital gold for as low as Re 1.
  • Manufacturing expenses in the case of gold might account for as much as 10% of the entire value. When you sell your gold back, the production costs are not refundable, so you lose that money. If the selling price isn’t high enough to cover the production expenses, the transaction will be a loss.
  • Physical gold, on the other hand, carries its own set of hazards, such as storage, theft, breakage, and jewellery damage.

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 Sri Ganganagar

2021-06-02:

Sri Ganganagar, a small planned city in Rajasthan on the India-Pakistan border, has the most expensive vehicle fuel in the country, with petrol costing Rs 105.52 a litre and diesel costing Rs 98.32 on Tuesday. Since mid-February, petrol has been selling for over Rs 100 per litre, while diesel has been selling for over Rs 90 per litre – far before prices reached similar levels elsewhere in the nation.

2021-05-21:

According to a defence spokeswoman, the Indian Army’s Sudarshan Chakra Division dedicated a 50-bed facility in Rajasthan’s Sri Ganganagar on Friday for the treatment of COVID-19.

District Collector Zakir Hussain launched the facility, which would provide COVID care, including oxygen and ambulance service, to residents of Sri Ganganagar and the neighbouring regions.

FAQs

What is the rate of interest on a gold loan in Jaipur?

The rate of interest on a gold loan in Jaipur varies depending on the gold loan provider. The lowest gold loan interest rate in Jaipur is presently 9.50 per cent.

Which bank in Jaipur offers the finest gold loan?

Axis Bank currently has the best gold loan interest rate in Jaipur, at 9.50 per cent. Furthermore, Axis Bank gives a maximum loan amount of 2 crores on Axis Bank gold loans, making it the finest bank for high-value loan requirements.

In Jaipur, what is the maximum term for a gold loan?

In Jaipur, you can receive a loan against gold for a maximum of 36 months.

In Sri Ganganagar, how have interest rates changed in the last month?

The gold rate in Sri Ganganagar has fluctuated throughout the previous month. It dropped in the first week of March due to economic developments but rose by the following weekend. It is now experiencing a period of stability in terms of growth.

Despite an increase in demand in the upcoming week, the gold rate in Sri Ganganagar plummeted and remained low for many days. Gold has always been in great demand, regardless of whether the gold rate in Sri Ganganagar is greater or lower today.

Is it a Good Idea to Invest in Gold in Sri Ganganagar?

Gold is most typically seen in jewellery and other decorative items. It’s an interesting issue for investors since it’s been proved to deliver significant long-term returns while simultaneously providing a safety net for those in high-risk scenarios.

What Should You Think About When Buying Gold in Sri Ganganagar?

When buying gold-related items such as jewellery or exchange-traded funds (ETFs), it’s important to double-check the market by checking the gold rate in Sri Ganganagar from several sources. Make sure the jewellery you’re purchasing is hallmarked.

About Sri Ganganagar

Sri Ganganagar is a planned city in the Indian state of Rajasthan, located close to the Indian and Pakistani Punjab borders as well as the international border between India and Pakistan. It is the administrative centre of the district of Sri Ganganagar. Maharaja Shri Ganga Singh Bahadur, Maharaja of Bikaner, is its namesake. It is renowned as Rajasthan’s “food basket.”

Maharaja Ganga Singh founded Sri Ganganagar near Ramanagar, which was formerly named Ramu Ki Dhani after Ram Singh Saharan and is today known as ‘Purani Abadi’ and ‘Old Abadi.’ Sri Ganganagar is one of India’s earliest well-planned modern towns, and it is thought to have been influenced by Parisian urban design. Residential buildings and a commercial sector, which includes a Dhan Mandi, make up the area.

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