Gold Rate in Jalgaon

If you are planning to buy gold, it is necessary to keep track of the recent price of gold in Jalgaon. Gold prices can vary because gold items have different purity levels, in addition to other factors. 

 

Awareness of the current gold price helps ensure you carry out the purchase at the right time for a fair deal. 

Check out the gold price today in Jalgaon for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹7,539	₹7,550	₹-11
10 Gram	₹75,390	₹75,500	₹-110
100 Gram	₹753,900	₹755,000	₹-1100

Gold price in Jalgaon with fluctuations in the last few days, is shown below:

Gold price in Jalgaon with fluctuations in the last few days, is shown below:

Investing only in physical gold is a better and preferable option but other than this, there are several other options in which you can invest nowadays. Some of these options are detailed below:

• Physical Gold

Physical gold is an excellent option in which you can invest in the form of jewellery, ornaments, coins, biscuits, and bars. You can buy physical gold by visiting your nearby gold seller and choosing the preferred item. According to the gold rate in Jalgaon, the prices can change daily. 

• Digital Gold

You can purchase digital gold online if you want to invest in gold but avoid the hassle of storage. Due to the gradually increasing number of fintech platforms and applications providing this feature, you can now buy digital gold seamlessly.

• Gold Exchange-traded Funds (ETFs)

Gold ETFs are stocks available to buy or sell on stock exchanges. 1 gram of gold is equivalent to 1 gold ETF.

• Sovereign Gold Bonds

The Reserve Bank of India (RBI) backs this type of investment on behalf of the Union Government. The interest rate for these bonds is 2.5% p.a., paid semi-annually. 

Before finalising your purchase, you need to consider some essential points, as this can impact your overall purchase. These points are listed below:

• Buying From a Reputable Seller

Numerous options are available if you are buying gold in Jalgaon. Some sellers can offer you a good price but provide low-quality items. This makes it essential to check online reviews and recommendations to find a reputable seller.

• Hallmark Certificate Check

Hallmark is an authentication certificate provided by the Bureau of Indian Standards (BIS) officially. While purchasing a gold item, look for a triangular stamp to ensure the gold item is pure.

• Analysis of Current Gold Rates 

By keeping track of today’s gold prices in Jalgaon, you can ensure that you are not paying an extra price for the same gold. Since the gold rate keeps changing according to numerous factors, it is important to keep track of current rates from the commodity exchanges. 

• Evaluating Additional Charges

Some extra hidden charges, such as the making charges or additional taxes, are included at the time of gold purchase by the seller. If you are not aware of the additional charges, you may have to pay more for the gold purchase than expected.

• Ensure Complete Documents

While purchasing gold, it is important to collect all the transaction receipts and bills for future reference. If you plan to get a gold loan in future, these transaction bills will help in the evaluation of the gold’s purity.

There are numerous factors globally that directly influence today’s gold price in Jalgaon. Some of these factors are given below:

• Demand and Supply

In India, the demand for gold items increases in festive or cultural seasons compared to normal days. Due to this changing scenario of demand, the prices of gold usually go up.

• Changes in U.S. Dollar's Value

Gold is bought and sold in U.S. dollars, so when the dollar's value drops, gold becomes cheaper in other countries like India. This leads to higher demand and increases in gold prices.

• Inflation

When inflation rises, the value of money decreases, and people turn to gold to protect their wealth. This higher demand for gold causes its price to go up.

• Tax and Import Policy Changes

If the government raises taxes or import duties on gold, it can make gold more expensive. Keeping track of these changes helps predict how gold prices might move.

The purity of gold can be analysed using several older methods used for years or new modernised methods. To make sure you are spending the right amount for a specific gold item, you can choose these methods to check for gold purity:

• Visual Check

You can visually determine if the gold item you are willing to buy is pure or not. Gold has a property that it does not tarnish or decolour for years. If you find the gold item a little tarnished or has a colour residual, you can identify that it is not pure.

• Magnet Check

Gold has a property that it does not attract to a magnet in any condition. Bring a magnet closer and check if the gold item is attracted to the magnet. This way, you can identify the gold’s purity.

• Hallmark Check

Hallmark is a triangular authentication stamp issued by the Bureau of Indian Standards (BIS) on almost every gold asset. The hallmark has different sorts of information, such as gold purity level, unique identification number, and the details of the seller.

• Nitric Acid Test 

Gold has the property that it does not change its colour when it comes in contact with nitric acid. Scratch a specific segment of gold item to a stone and add a few drops of nitric acid on the surface. If the colour is changed to green, blue, or black, it will mean that the gold is not pure.

You need to pay Goods and Services Tax (GST) on all types of goods and services, including gold. It is important to stay updated on any changes to the GST rate, as it affects the price you pay for gold. If the GST increases, the overall purchase will become expensive. 

 

Currently, a 3% GST is applied to all gold purchases, while a 5% GST is charged on the making fees for jewellery.

Other than using gold items for their cultural or festival significance, gold items are also used as collateral against gold loans. Gold rate influences the loan amount you can borrow against the gold item. When the gold prices increase, the amount you can get against the collateral also increases.

 

If you need funds to address any unforeseen financial needs, consider applying for a gold loan via Bajaj Markets. Through this platform, you can easily compare the offerings by various lender and apply with minimal formalities.