Gold Rate in Pune

Gold has always been part of festivities and celebrations in Pune and across the country. Investors have also seen it as a lucrative investment. However, the gold rate in Pune fluctuates daily. As such, you must be aware of the gold rate today in Pune if you wish to purchase or invest in it. 

 

So, check out the gold price today in Pune for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹7,270	₹7,185	₹85
10 Gram	₹72,700	₹71,850	₹850
100 Gram	₹727,000	₹718,500	₹8500

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

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

As gold is an important commodity, you must know the gold price today in Pune before making a purchase. You can use the gold rate calculator on Bajaj Markets to get these prices in your city online. This digital tool is easy to use and simplifies the process greatly. 

• Certification

Make sure you always buy certified gold jewellery with BIS hallmarking, as it will be easy to exchange in the future. It also ensures the reliability and purity of gold.

• Purity

Purity is one of the most important factors to look into. Usually, 22-carat gold is used for jewellery making, which is 92% pure. But, on the other hand, the 24-carat gold becomes too soft as it is 99.99% pure. Also, note that the gold price today in Pune for 22-carat and 24-carat will differ.  

• Weight

Gold is mostly purchased based on its weight. Therefore, you need to ensure that you get the gold weighed in front of you and that you’re not charged for anything extra.

• Labour charges

Labour charges, also known as making charges, are levied on gold ornaments. Overlooking this charge can lead to pay a much higher premium, and you should negotiate to get the best deal. 

Today, trading in gold is a highly-preferred investment mode for investors who are financially stable and have the risk-appetite required for this market. It requires cautious monitoring of investments as gold prices are liable to change for multiple reasons. 

 

The following are some factors that affect the gold price in Pune:

• Inflation: 

Gold functions as an effective hedge against inflation, which is why investors tend to hold gold when the inflation rate shoots up. In contrast, gold prices fall when inflation goes down.

• Interest Rate:

Interest rate and price of gold have an inversely proportional relationship. It means that people sell their gold to earn higher profits when the interest rates are higher, taking down the price of this precious metal.

• Government Reserves:

Every central bank (including the RBI) holds gold in the form of reserves. Therefore, when RBI buys more gold than it sells, it results in a price hike of this metal.

• Geo-political Situations

Certain geo-political factors, such as the Indian Rupee's value against the US Dollar, political crises or wars in a particular part of the world, can make gold expensive.

When purchasing gold jewellery or investing in gold coins or bars, you must look at some certifications to ensure its purity. These are:

• BIS Hallmark

When buying gold, look for the BIS hallmark stamp. This stamp certifies that the Bureau of Indian Standards has checked its purity. 

• Fineness Grade

The fineness grade also is another sign of gold's purity. As mentioned above, while 24-carat gold is 99.99% pure, 22-carat gold is 92% pure. 

• HUID Alphanumeric Code

The Hallmark Unique Identification (HUID) number is a six-digit unique alphanumeric code that is etched on gold jewellery. It also showcases that purity standards have been maintained. 

A 3% of goods and services tax (GST) is levied on the total value of the gold jewellery, coins and bars. In addition, a 5% GST is also applied to the making charges.