Gwalior

Gold Price in Gwalior today -
last updated on

Gwalior

Madhya Pradhesh’s metropolitan city Gwalior has an interesting backstory, where it is believed to be founded by a local chieftain Suraj Sen in the 8th century. During the 1857 revolt, Gwalior was the nerve-centre of the rebellion. Today the city is a front-runner in textiles, chemical, manufacturing, diary, and handicraft industries as they generate handsome revenue to the city. Gold loan is an important aspect of doing business here, where people follow the gold rate in Gwalior and make their investments and taking gold loan accordingly. Lakshmibai National University for Physical Education, one of the largest sports institutions in Asia, is located here. Gwalior Fort, Man Singh Palace, Jai Vilas Palace, Sahastrabahu Temples, Bateshwar Temples, Teli Ka Mandir, Moti Mahal, Tomb of Muhammad Ghaus, Tomb of Tansen, and Sun Temple Gwalior are some of the historical monuments in Gwalior. The Gwalior Trade Fair and Tansen Music Festival are the two most pompously celebrated annual festivals in Gwalior.

Gold Prices in Gwalior for different purity

Purity
Gold price 1 gram Gold price 10 gram

Take a pre-approved gold loan at the comfort of your home

approved badge
  • monthly interest

    0.49% monthly Interest (5.88% P.A.)*

    Save more with low interest rate
  • per gram rate

    Highest Per Gram Rate Guaranteed

    Get the true value of your Gold
  • trophy

    Google Play 4.6

    Highest Ratings 17,000+ Reviews
Please enter valid Mobile Number

Gold Prices in Gwalior for last 7 days

Date Gold price 1 gram Gold price 10 gram

Gold Price in Major Cities

City Gold Price Change

How is gold rate determined?

The price of gold in India depends on multiple factors. This includes, but is not limited to the following factors:

1) Gold production

2) Inflation

3) Government's gold reserves

4) Demand and supply of gold in the global commodity market

5) Import rates

6) Interest rates

7) Taxes and levies

8) Local demand. 

As a denizen and fellow gold loan borrower, it is imperative for you to stay updated about the latest gold rate in cityname. It is not unusual to find a little variation between the market gold price and the gold valuation offered by the lender. The difference in price primarily occurs because the lender calculates the average gold price of 22-Karat gold based on the rates from the past thirty days and extrapolates the gold gram rate. Hence, the value of the gold you get depends on the average gold price and the lender's loan to value ratio. As per the recent directive of the RBI, lenders can give loans of up to 90% of the gold's market value till March 31, 2021.

How to calculate old gold jewellery price?

Indians usually attach a lot of sentimental value to their gold. Apart from jewelry, gold s used for several other purposes such as investment, hedging, or for availing an instant loan. If you choose to pledge your gold as collateral security, you must understand how your gold is valued. Here is how you can calculate the price of your gold jewelry.

1) To ascertain the purity and quality of your gold, take it to the nearest assaying center.

2) The assaying center presents the purity of the gold in terms of Karat or as a percentage figure.

3) If you wish to calculate the value of your gold using the 

  1. a) Karat purity method: Multiply the gold's weight, purity, and gold rate and divide it by 24. 
  2. b) Percentage purity method: Multiply the gold's weight, purity, and gold rate and divide it by 100.

Benefits of investing in gold

In its 3000 year history of trade, the price of gold has never dipped below zero. This is a very compelling fact when you pit gold against cash, whose value keeps is in a constant state of flux. This is only one of several reasons to put your gold to good use! Some of the other benefits of investing in gold are:

1) High Yield Returns: Gold is the best choice of investment if one is looking to make a low-risk investment for a high yield return.

2) Demand for Gold: In the wake of gold ETFs and Sovereign Gold bonds, the demand for gold has been constantly increasing.

3) Hedge Function- Gold functions as a hedging instrument against financial market fluctuations. This makes it a safe bet in the face of recession.

4) Liquid Asset- Being a liquid asset that can be transported and stored anywhere, gold can easily be sold or pledged against an instant loan.

5) Authenticity- Gold is a precious metal well known for its purity and value. This makes it easy to recognize high-quality gold which can simply be bought after verifying if the seller is authorized to do so.



Effect of GST on Gold Prices.

GST or Goods and Services Tax came into effect on 1st July 2017 by subsuming the repetitive tax structure of the previous regime and bringing transparency and accountability in the taxation system.

The implementation of this new tax regime has left a considerable effect on the prices of several commodities, of which gold accrues enormous importance due to its national and international demand.

Under the new tax regime, the GST on gold was fixed at 3% with an additional 8% tax on the making charges and import duty of 10%. Later, the making charges tax was revised and reduced to 5%. As a whole, the yellow metal has become expensive by 0.75% in the post-GST era.

A primary reason that accounts for the rising gold price is 10% import duty. However, traders have managed to evade that by importing gold from countries like South Korea, with which India shares the Free Trade Agreement. 

Gold Price Calculator

Dummy image
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly

Gwalior
Madhya Pradesh
city
[{"state":"Gujarat","city":"Surat"},{"state":"Jharkhand","city":"Jamshedpur"},{"state":"Uttar Pradesh","city":"Ghaziabad"},{"state":"Rajasthan","city":"Jaipur"}]