1 Bhori Gold Price Today

Gold has played a critical role in Indian culture and economy. Understanding the price of gold, especially in units like the ‘bhori’, is essential whether you are planning an investment, hoping for returns, or considering a gold loan. Today’s gold market offers dynamic price points influenced by numerous factors. In this article, you will learn what 1 bhori gold means, how its price is determined, and how to check the latest rates.

A ‘bhori’ (sometimes written as ‘vori’) is a traditional unit of gold measurement still widely used in some parts of India and especially in Bengal and neighbouring regions. In India, 1 bhori equals 11.66 grams of gold, though minor regional variations may exist. The use of bhori simplifies bulk gold transactions and jewellery purchases for those accustomed to the traditional system. Jewellers typically convert the bhori amount into grams for transparency and billing purposes, especially as official gold pricing is quoted per gram. This conversion is essential when comparing the price of 1 bhori gold with other gold price standards in India.

The price of gold in India, including the 1 bhori gold rate, is shaped by a variety of influences that operate both globally and locally:

• International Gold Prices: Global market trends have a direct impact on the local gold bhori price, as fluctuations in international demand and trading activity cause frequent shifts in pricing.
  

• Currency Exchange Rates: Fluctuations between the Indian rupee and the US dollar impact gold’s cost, since gold is primarily traded internationally in dollars.
  

• Government Policies: Changes in import duties, taxes, and GST directly alter the final retail gold price. The GST in India, now fixed at 3% for gold, has brought more transparency but also leads to a slightly higher selling price.
  

• Economic Conditions: Inflation, interest rates, and overall financial stability define purchasing patterns and thus, the price of 1 bhori gold today.
  

• Demand and Supply: Indian festivities, weddings, and investment surges can increase demand, thus affecting the price. Supply shocks, such as mining slowdowns or export restrictions, can also have a localised effect.
  

Having a good understanding of these factors can help buyers and investors time their purchases better and avoid price shocks when looking up what is the price of 1 bhori gold.

Most jewellers across India quote the gold price in rupees per gram. Calculating the price of 1 bhori gold is a straightforward multiplication:

Price of 1 Bhori = Gold Rate per Gram × 11.66

For example, if the 22K gold price per gram is ₹9,144 in Kolkata today, then the calculated price is:

1 bhori gold price in Kolkata=₹9,144×11.66=₹1,06,637.04

Similarly, for 24K gold at ₹9,976 per gram, the calculated price is:

1 bhori gold price today for 24K=₹9,976×11.66=₹1,16,234.16

The table below provides a clear comparison to help you understand the exact value of 1 bhori gold in Indian rupees based on market prices:

Disclaimer: The gold prices shown in the table are indicative and subject to daily market fluctuations. Actual rates may vary depending on purity, location, taxes, and vendor-specific charges. Please verify current prices with authorised sources before making any purchase or financial decision.

Gold is a preferred asset for securing loans in India, particularly during times of need. The amount you can borrow against 1 bhori of gold depends on its assessed value. To better understand this, consider the various factors that influence the loan amount, such as gold purity, current market price, and the loan-to-value ratio offered by lenders. 

Here’s a detailed breakdown of how these elements affect your gold loan eligibility and repayment:

• Loan Calculation: Most lenders use the latest market rate to determine the gold’s worth. They consider the purity (22 karat or 24 karat is most common) and the current weight after conversion.
  

• LTV Ratio: RBI guidelines allow banks and NBFCs to lend up to 75% of the gold’s calculated value (Loan-to-Value ratio). For 1 bhori of gold assessed at ₹1,06,600, you may be eligible for a maximum loan of around ₹79,950.
  

• Other Charges: Keep in mind, GST, processing fees, and gold loan interest rates apply, affecting your net payout.
  

• Repayment Impacts: The price of 1 bhori gold in India increases the loan amount you can secure, while a fall in price reduces it. Always check the lender’s valuation method and policy.