Gold Price in Meerut today - 28 May
last updated on 28 May 2022
Gold holds an important position in every household in Meerut, like the rest of India. In addition to its widespread use in jewellery, it is a popular investing instrument and a secure hedging asset. Therefore, its demand is always high.
Gold is intricately linked with a country’s economy and is thus affected by several factors. So its value keeps fluctuating. Therefore, you should know gold’s market prices before purchasing or collateralising it.
Gold Prices in Meerut for different purity
|Purity||Gold price 1 gram||Gold price 10 gram|
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Gold Prices in Meerut for the last 7 days
|Date||Gold price 1 gram||Gold price 10 gram|
|26 May, 2022||₹ 5,400||₹ 54,000|
|25 May, 2022||₹ 6,000||₹ 60,000|
|24 May, 2022||₹ 6,500||₹ 65,000|
|23 May, 2022||₹ 7,000||₹ 70,000|
|22 May, 2022||₹ 7,500||₹ 75,000|
|21 May, 2022||₹ 6,500||₹ 65,000|
|20 May, 2022||₹ 7,500||₹ 75,000|
Gold Value :₹ 0
Gold Rates in Meerut for Different Purities
Gold Prices in Meerut in the Last Week
Meerut is a historic city with ancient roots. Moreover, this city in Uttar Pradesh is an important industrial centre. Demand for this yellow metal and its market prices are thus constantly increasing. The attached table lists Meerut’s gold prices in the past seven days.
Monthly and Weekly Trends of Gold Rate in Meerut
Market rates of gold have steadily risen over time despite frequent fluctuations in price. Furthermore, this growth will continue in future. Therefore, you can get optimum returns from your investment by correctly timing it. The following graph represents the market rates of gold over the past month and week.
Importance of Checking Gold Rates in Meerut before Buying
Factors Affecting Gold Rates in Meerut
Several factors affect prices in Meerut. Some of them include:
- Demand and supply
- Tax regimes
- Localised buying trends
- Government gold reserves
- Global inflation
- Currency value
Calculating Gold Price in Meerut
You can use two methods to calculate your gold’s value:
- For purity in percentage: Value = (purity x weight x rate) / 24
- For purity in karats: Value = (purity x weight x rate) / 100
The Rupeek gold loan calculator lets you know the amount of loan you can apply for against your jewellery.
- To Know Gold Required for Loan
Step 1: Go to the gold loan calculator section and select 'Choose required Loan Amount' tab.
Step 2: Drag the sliders provided to input the loan amount required, interest rate, and repayment tenure.
The gold loan calculator shows you the monthly interest, total interest, and amount required for your loan.
- To Know the Eligible Loan Amount
Step 1: Select 'Choose available Gold Weight' tab in the gold loan calculator.
Step 2: Enter the amount of gold, its purity, interest rate, and loan tenure with the respective sliders.
The loan calculator will show you the total loan amount, monthly interest, and total interest.
Reasons Why Gold Rates Differ across Meerut and Other Cities
Gold rates can vary between Meerut and other cities. This can be due to:
- Daily demand
- Making charges
- Storage and transport costs
- Tax laws
- Localised trends
Therefore, knowing the prevailing market rates first is vital if you plan to purchase or collateralise your gold.