Gold Price in Meerut today - 28 May

last updated on 28 May 2022

India

0(per gram) (16K)

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

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Meerut for the last 7 days

DateGold price 1 gramGold 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 Price Calculator in Meerut

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Gold Rates in Meerut for Different Purities

Gold's purity is measured in units called karats. Three purity levels are commonly available: 18 karats, 22 Karats, and 24 Karats. 24 Karat gold is of 99.9% purity and is used to make coins and bars. Jewellery is made with 18 and 22 karat gold. Pure gold is a soft metal and unsuitable for jewellery making. Alloying it with certain other metals improves hardness and other desirable characteristics. The alloying ratio determines purity. Prices of the metal depend on its purity. Therefore, 24 karat gold is the most expensive of all three forms.

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.

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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.

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Importance of Checking Gold Rates in Meerut before Buying

There are a couple of important reasons to keep track of the daily gold rates in Meerut. First and foremost, the amount of gold you can purchase will depend on this rate. Secondly, if you apply for a gold-backed loan, the market rate will determine the loan amount you can get. In addition, gold loan providers usually decide their rates based on market price. Therefore, knowing the market rate will help you make the best decision based on your needs.

Factors Affecting Gold Rates in Meerut

Several factors affect prices in Meerut. Some of them include:

  • Demand and supply
  • Interest
  • 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:

  1. For purity in percentage: Value = (purity x weight x rate) / 24
  2. 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.

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