Gold Price in Nashik today - 28 May

last updated on 28 May 2022

India

0(per gram) (16K)

Gold is one of the most common metals found in most Indian households, including Nashik. This city is located in Northern Maharashtra and is known for its cultural, social, historical and mythological importance. Nashik is ornamented with multiple temples and is considered one of the holiest places for Hindus. Like the people of other parts of Maharashtra, Nashik shares their affection for gold as this metal has been an integral part of worship. Due to its value, gold is considered an asset that can be liquefied during urgent needs, making it an excellent investment.

Gold Prices in Nashik for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Nashik 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 Nashik

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Gold Rate in Nashik for Different Purities (Comparison Table for 18, 22, and 24 karats)

Gold rates at Nashik depend primarily on the purity of gold. There are three types of gold purity available at Nashik, namely 18 Karat, 22 Karat, and 24 Karat.

  1. 24 Karat variant is 99.9% pure.
  2. 22 Karat variant contains 91.7% of pure gold, and
  3. 18 Karat has 75.0% of gold.

Gold Prices in Nashik over Last Week

Over the past week, gold prices of every variant in Nashik have somewhat surged. However, citizens of Nashik can look at the table provided below for a better understanding.

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Monthly and Weekly Graph of Gold Price in Nashik

As the gold prices are currently increasing, experts believe that the price will follow an upper trend in future as well. However, residents haven’t barred themselves from buying this precious metal, as this proved to be a valuable asset for them. For a detailed visual explanation, individuals can find the weekly and monthly gold rates in a graphical format below.

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Why Should Individuals Check the Gold Rate in Nashik before Purchasing?

Three primary reasons to check the price in Nashik before buying gold are –

  • These prices assist in calculating the loan amount individuals can avail.
  • It also helps in understanding how much gold individuals can buy.
  • Finally, you can also get an idea about the gold loan interest rates as it depends on the metal's current market price.

Factors Affecting Gold Prices in Nashik

The factors that affect gold prices in Nashik are –

  • Currency fluctuation in the global market
  • Import duty
  • Market inflation
  • Interest rate fluctuations
  • Geopolitical influence

Steps to Calculate Gold Price in Nashik

Citizens of Nashik can calculate prices primarily in two ways –

  1. Using Karat Purity

Gold value = (Purity x weight x gold rate) / 100

  1. Using Purity Percentage

Gold value = (Purity x weight x gold rate) / 24

After deducing the value from the above methods, individuals can use it in the Rupeek gold loan calculator to know the gold required and to know the required loan amount.

  • Steps to Know the Volume of Gold Ornaments Required

Step 1: Navigate to the ‘Choose required Loan Amount’ section from the online gold calculator page.

Step 2: Secondly, provide the loan amount, and choose tenure and desired interest rate.

After providing every required value, this calculator will give the numerical about the volume required, interest rate, and total interest payable.

  • Steps to Know the Loan Amount

Step 1: Select 'Choose available Gold Weight' from the gold calculator page.

Step 2: Then, enter the net weight value in grams and its purity in Karats.

Step 3: Lastly, choose a reasonable interest rate and tenure.

Upon completing the steps mentioned above, this calculator will show the amount an individual can avail by pledging gold, monthly interest rates and total interest.

Reasons for Differing Gold Prices in Nashik from Other Indian Cities

Gold prices of Nashik vary from other Indian cities because of different ornament making charges, expenses of transportation, and various tax regimes.
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