Gold Price in Jalandhar today - 22 May
last updated on 22 May 2022
India
Gold is a popular investment choice in Jalandhar. However, given the market conditions and availability of this metal, the gold price in Jalandhar fluctuates. So, residents must remain updated about the same to avoid any loss while buying or borrowing a loan against gold.
Gold Prices in Jalandhar for different purity
| Purity | Gold price 1 gram | Gold price 10 gram |
|---|
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Gold Prices in Jalandhar for last 7 days
| Date | Gold price 1 gram | Gold price 10 gram |
|---|---|---|
| 28 April, 2022 | ₹ 5,400 | ₹ 54,000 |
| 27 April, 2022 | ₹ 6,000 | ₹ 60,000 |
| 26 April, 2022 | ₹ 6,500 | ₹ 65,000 |
| 25 April, 2022 | ₹ 7,000 | ₹ 70,000 |
| 24 April, 2022 | ₹ 7,500 | ₹ 75,000 |
| 23 April, 2022 | ₹ 6,500 | ₹ 65,000 |
| 22 April, 2022 | ₹ 7,500 | ₹ 75,000 |
Gold Value :
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Gold Rates in Jalandhar for 18, 22 and 24 karats (Comparison Table for 18, 22, and 24 Karats)
A karat is a unit that assesses the purity of gold. The higher the karat, the purer the metal is. Individuals can find three karat categories while buying a gold ornament – 18, 22 and 24 karats.
18 karat contains 75% gold, and the remaining proportion is mixed with other metals. It is the cheapest of the other two kinds. 22 karat has 91.7% gold and is less pricey than 24 karat but costlier than 18 karat. Finally, 24 karat has 99.9% pure gold, making it the most expensive. Residents can check the live gold price in Jalandhar for each purity on this page.
Gold Price Trend in Jalandhar over the Last 7 Days
The price of yellow metal in Jalandhar frequently changes with variations in its external and internal determinants such as inflation, import duty, transportation charges, etc. Here is a table illustrating the price movement of this valuable metal in Jalandhar in the last week.
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Weekly and Monthly Graph of Gold Rate in Jalandhar
In the last few months, the demand for yellow metal in Jalandhar increased, so its price and experts assume that this trend will continue in the future. Take a look at the graphical representation of weekly and monthly changes in the price of this metal.
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Check Gold Price in Jalandhar before Buying
Gold price in Jalandhar today is much different from what it was in the last few years. Therefore, the volatility in price makes it mandatory for individuals, especially borrowers, to check rates on this page and compare them with lenders to make an informed decision on selecting a suitable loan offer.
Factors Affecting Gold Rates in Jalandhar
Go through the following essential factors that affect the price of yellow metal in Jalandhar:
- Inflation
- Interest trends
- Demand and supply
- Import duty
- Variation in the exchange value of currencies
- Gold reserves held by the Reserve Bank of India
- Geopolitical conditions
- Global gold price trend
Simple Methods to Compute Gold Prices in Jalandhar
Following are the 2 ways to evaluate the value of yellow metal –
1. Percentage Purity Method
Gold value = (Gold’s purity x weight x gold rate) / 24
2. Karat Purity Method
Gold value = (Gold’s purity x weight x gold rate) / 100
Use this value to obtain results on gold required to get a loan and loan amount an individual can secure against pledging gold ornaments from our gold loan calculator.
Here is a simple step-wise guide to use this online tool-
For Gold Required
Step 1: Select ‘Choose required Loan Amount’.
Step 2: Provide the loan amount, interest rate, and tenure to get monthly and total interest payments along with the gold required to get a loan.
For Loan Amount Available Step 1: Click on ‘Choose available Gold Weight’. Step 2: Provide the gold’s weight, purity, interest rate, and tenure to view total and monthly interest payables besides eligible loan amount.
Reasons for Different Gold Prices in Jalandhar from That in Other Cities
Below mentioned are vital factors that make the price of precious yellow metal in Jalandhar different from other cities in India:
Taxes on the metal
Making charges on gold jewellery
Market demand
Transportation costs