Gold Price in Patiala today - 22 May
last updated on 22 May 2022
India
In India, purchasing gold jewelry is a traditional form of investment. Patiala is not an exception. Gradually, the perception of gold as a tradeable item is also inculcated in the residents' minds. However, be it an investment or borrowing a loan against gold, staying updated about the current gold price in Patiala is essential to avoid incurring any losses.
Gold Prices in Patiala for different purity
| Purity | Gold price 1 gram | Gold price 10 gram |
|---|
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Gold Prices in Patiala for last 7 days
| Date | Gold price 1 gram | Gold price 10 gram |
|---|---|---|
| 20 May, 2022 | ₹ 5,400 | ₹ 54,000 |
| 19 May, 2022 | ₹ 6,000 | ₹ 60,000 |
| 18 May, 2022 | ₹ 6,500 | ₹ 65,000 |
| 17 May, 2022 | ₹ 7,000 | ₹ 70,000 |
| 16 May, 2022 | ₹ 7,500 | ₹ 75,000 |
| 15 May, 2022 | ₹ 6,500 | ₹ 65,000 |
| 14 May, 2022 | ₹ 7,500 | ₹ 75,000 |
Gold Value :
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Gold Rates in Patiala for Different Karats (Comparison Table for 18, 22, and 24 Karats)
There are usually three gold karats available for purchase- 18, 22 and 24 karats. 18 karat is cheaper than 22 and 24 karats. On the other hand, 22 karat is less expensive than 24 karat while the latter is the purest, and that is why it is the most expensive of the other two kinds.
Find the current gold prices for each purity of Patiala on this page. The rates are updated regularly.
Gold Rates in Patiala in the Last Week
The rate of yellow metal is dynamic. For instance, the gold price in Patiala today is distinct from what it was in the last few years.
The gold rate trend over the last 7 days in Patiala is presented in a tabular format below so that individuals can remove confusion because of the volatile nature of this precious metal's rate and get a clear idea.
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Weekly and Monthly Graph of Gold Rate in Patiala
Factors like maintenance charges, transportation costs, import duties etc., impact the yellow metal's rate in Patiala. Here's the graph below encapsulating the data of weekly and monthly gold rate trends in Patiala.
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Reason for Checking Gold Rate in Patiala
Factors That Affect Gold Prices In Patiala
Factors that affect the price of yellow metal in Patiala are mentioned below:
- Market demand
- Supply of the metal
- Inflation
- Interest rate
- The exchange rate between US dollars and Indian rupees
- Geopolitical conditions
- Government's gold reserves
- Import duty
Compute Gold Prices in Patiala with 2 Simple Methods
There are two easy ways to calculate gold's value in Patiala:
- Karat Purity Method
Gold value = (Gold’s purity x weight x gold rate) / 100
- Percentage Purity Method
Gold value = (Gold’s purity x weight x gold rate) / 24
Use the above value to get results from our gold loan calculator in a few simple steps-
Gold Required
Step 1: Select the 'Choose required Loan Amount' tab on our calculator.
Step 2: Submit the details of funds required, interest rate, and tenure to get information on gold needed to secure a loan, monthly and total interest payments.
Eligible Loan Amount
Step 1: Select 'Choose available Gold Weight'.
Step 2: Enter the weight and purity of gold, interest rate, and repayment tenure to know the eligible loan amount, monthly and total interest rate.
Reasons for Different Gold Rates Between Patiala and Other Cities of India
Making charges on gold ornaments, taxes on the metal, transportation costs are different in Patiala from other cities. Hence, the price of yellow metal in this city also differs from them.
Apply for a gold loan in Patiala from Rupeek. We offer gold loans at nominal interest rates and flexible repayment terms so that you can meet financial urgencies without hassles.