Gold Price in Warangal today - 21 May

last updated on 21 May 2022

India

0(per gram) (16K)

Warangal is one of the most visited places in the southern Indian state of Telangana. This city is famous for its historical architecture, including gateways, fortresses, and temples. Some of the most famous monuments of Warangal are the Warangal fort, thousand pillar temples, Ramalingeshwara temple and others. However, similar to other historical Indian cities, Warangal has witnessed the value of gold for ages. Previously gold was a prestigious metal owned by royal families, but now it is a common metal that can be encountered in almost every household.

Gold Prices in Warangal for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Warangal for last 7 days

DateGold price 1 gramGold 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
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Gold Rate in Warangal for Different Purities (Comparison Table for 18, 22, and 24 karats)

Gold rates in Warangal primarily depend on its purity. Although various types of purity options are available in the market, the most common three types of purity are 18 Karat, 22 Karat, and 24 Karat. Of these three, 24 Karat has the highest purity, whereas 18 Karat has the lowest one. As a result, with decreasing purity, gold prices also decline.

Gold Prices in Warangal over Last 7 Days

Gold price in Warangal has shown a positive trend. Also, experts believe that this trend will likely continue to follow in future as there is an increase in demand for this metal. Unlike historical times, gold is now used as an investment as inflation rarely affects its price. (Insert table)

Weekly and Monthly Graph of Gold Rate in Warangal

In recent times, gold prices in Warangal have shown a rising trend. Most experts believe that the primary reason for this is the investment value of gold. For a more detailed representation of gold prices, citizens of Warangal can consider the graph below – (Insert graph)

Why Should You Check the Gold Rate in Warangal before Buying?

Gold prices in Warangal are very dynamic and constantly changing. So, before making an investment or selling this metal, citizens of Warangal keep track of the fluctuating cost of gold. This will allow them to make a sensible investment, and before pledging the gold, they can also tally prices of multiple lenders to settle for the most profitable one.

What Are the Factors Affecting Gold Prices in Warangal?

The factors that affect gold prices in Warangal are –

  • Market Inflation During inflation, when the currency's value goes down, citizens tend to hold money in the form of gold. Hence, this factor can affect the gold price.
  • Demand and Supply Gold is often considered an auspicious metal for gifts in occasion and wedding seasons. Hence its demand increases considerably, thus increasing its price.
  • Interest Rate With an increase in interest rate, investors are more likely to sell their gold for a high return. At the same time, investors tend to buy gold as an investment at a low-interest rate. Thus, this yellow metal and interest rates have an inverse relationship.
  • Import Duty Charges As gold is mined in a minor quantity in India, the government has to source it from other countries. Hence, for this, import duty charges come into account. Thus, with an increase in import duty charges, prices of gold are likely to surge.
  • Geopolitical Factors During a turmoil geopolitical situation, the value of gold usually remains constant. This is because gold prices remain stable and provide excellent value when other assets are negatively impacted.

What Are the Factors Affecting Gold Prices in Warangal?

Two primary methods can calculate prices of gold in Warangal –

  • Karat Purity Method Gold value = (purity x weight x rate) / 100
  • Purity Percentage Method Gold value = (purity x weight x rate) / 24 After deducing the price of gold, individuals can put this value in Rupeek’s gold loan calculator for multiple uses. However, two primary uses of Rupeek’s gold loan calculator are as follows –
  • To know the required loan amount The steps to calculate the loan amount are –
  • Step 1: Select ‘Choose available Gold Weight’ and enter the total weight value of gold and its purity.
  • Step 2: Finally, choose the desired interest rate and tenure.
  • To Know the Gold Required
  • Step 1: Click on the ‘Choose required Loan Amount’ tab from Rupeek’s gold loan calculator.
  • Step 2: Provide the loan amount, interest rate and repayment tenure.
  • Step 3: After entering all these values, the calculator will show the gold required for borrowing a certain sum of money.

Why Does the Gold Rate in Warangal Differ from That in Other Cities?

It is no secret that gold prices vary across different cities in India. Although a plethora of reasons are responsible for it, a few factors that make gold prices in Warangal differ from other Indian cities are –

  • Tax applicable at Warangal is different from other Indian cities.
  • Making charges of gold ornaments in Warangal is also different.
  • Lastly, transportation cost to Kochi varies from other cities.
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