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Gold Price in Agra today -
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Agra

Taj Mahal is the first thing that comes to mind when you think of the city Agra. But Agra is much more than that. Located 235 km from Delhi, this city has a thriving tourism industry, thanks to the Mughal rulers who left behind their legacy. Agra was once the capital city of the Mughal Empire under emperor Akbar initially when it was called Akbarabad. It was later helmed by Jahangir, and Shah Jahan. The city is a gold mine for tourists seeking a piece of rich history as the city is dotted with grand monuments apart from Taj Mahal like Jama Masjid, Akbar’s Mausoleum, Itmad-Ud-Daulah, Chini-ka-Rauza, Agra Fort and Fatehpur Sikri. The local business here thrives on tourism as well as production of handicrafts, marble inlay, footwear, leather products, Pietra Dura and carpets and agriculture. Gold ornaments are worn and sold by locals predominantly. The gold rate in Agra is a key factor that many depend on to buy or sell these ornaments. The two key festivals celebrated in Agra are Taj Mahotsav and Ram Barat

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Gold Prices in Agra for different purity

Purity
Gold price 1 gram Gold price 10 gram

Gold Prices in Agra for last 7 days

Date Gold price 1 gram Gold price 10 gram

Why is Gold considered a Precious Metal?

If there was another indicator to measure wealth in the world, barring currency, it would be gold. It is one of the nine noble metals, but gold’s value in the economy surpasses that of its counterparts. But the exploration and extraction of gold is a slow-moving, laborious process.

However, this metal still has a readily available market across the globe, which increases its liquidity, thereby making it an ideal asset. Owners of gold articles have the freedom to convert them into cash with ease.

Moreover, gold is a luxury good, which means that people purchase it in larger quantities when their income rises. Therefore, this yellow metal generally exhibits a steady increase due to high demand and inadequate supply, especially in a country like India. Most free-market economies of the world use gold reserves to hedge against inflation. As a result, this metal possesses an intrinsic value in the global economy as well.

Difference between 18 Karat, 22 Karat and 24 Karat gold

'Karat' represents the proportion of gold present in an alloy. It indicates the fineness of gold, which implies that the higher the karat, the more the purity of gold.

https://docs.google.com/spreadsheets/d/1eHzF-lCrWDV0KRukdDCeGKq5bSgWjrlfe5oVev7nIec/edit?usp=sharing

How is gold rate determined?

Gold rates in India are determined by an array of factors. It could be the supply of gold in comparison to its demand both locally as well as globally, inflationary rates, the gold reserves present in the possession of the government, ongoing import and interest rates, taxes and levies. These are only some of the several micro and macroeconomic factors that could affect gold rates.

As a rational borrower with a personal stake, you need to be aware of the gold rate in cityname. There is almost always a variation between the gold price in the market as compared to the valuation that the lender offers. This is because lenders follow a unique way of evaluating gold. They arrive at the price by taking the average of 22 Karat gold from the past thirty days. Hence, your gold valuationdepends on this average price as well as the lender's loan-value ratio. Recently, the RBI has ruled that lenders can disburse loans of up to 90% of gold's market value until March 31, 2021.

How to calculate old gold jewellery price?

Indians have traditionally used gold for investment purposes. Gold is considered a hedge against financial disruptions. However, when you want to sell gold for meeting urgent financial needs, you should be aware of how old gold jewellery is valued. The right knowledge would keep you safe against unscrupulous jewellers. To calculate the value of gold, you have to take it to the nearest assaying or testing laboratory and get its weight and purity tested. The centre certifies gold's purity in Karat or percentage. To calculate the value of the old gold jewellery by the Karat purity method, you have to multiply the gold's weight, purity, and gold rate and divide it by 24. To calculate the value of the old gold jewellery by the percentage purity method, you have to multiply the gold's weight, purity, and gold rate and divide it by 100.

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Agra
Uttar Pradesh
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