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Due to the stable returns that this precious metal has generated over decades, gold remains an attractive investment instrument for people in Bhopal. However, the gold rate in Bhopal fluctuates daily because of various regional and global economic factors.


Read on to learn more about the gold price today in Bhopal and the factors that influence them.

Gold Price in Bhopal

Check today’s gold rate in Bhopal for 22 Karat and 24 Karat purity levels below:

Weight

24 Karat Gold Rate Today

24 Karat Gold Rate Yesterday

Price Change

1 g

₹ 6,130

₹ 6,140

  - ₹ 10

10 g

₹ 61,300

₹ 61,400

 - ₹ 100

100 g

₹ 6,13,000

₹ 6,14,000

- ₹ 1,000

Disclaimer: The rates are subject to change as per market conditions.

22 & 24 Karat Gold Rate in Bhopal for the Last 10 Days

Here are the latest trends in gold prices in Bhopal in the last 10 days:

Date

Standard 22K Gold

Pure 24K Gold

1 g

10 g

1 g

10 g

Feb 22, 2024

₹ 5,838.00

₹ 58,380.00

₹ 6,130.00

₹ 61,300.00

Feb 21, 2024

₹ 5,848.00

₹ 58,480.00

₹ 6,140.00

₹ 61,400.00

Feb 20, 2024

₹ 5,823.00

₹ 58,230.00

₹ 6,114.00

₹ 61,140.00

Feb 19, 2024

₹ 5,833.00

₹ 58,330.00

₹ 6,125.00

₹ 61,250.00

Feb 18, 2024

₹ 5,808.00

₹ 58,080.00

₹ 6,098.00

₹ 60,980.00

Feb 17, 2024

₹ 5,808.00

₹ 58,080.00

₹ 6,098.00

₹ 60,980.00

Feb 16, 2024

₹ 5,798.00

₹ 57,980.00

₹ 6,088.00

₹ 60,880.00

Feb 15, 2024

₹ 5,778.00

₹ 57,780.00

₹ 6,067.00

₹ 60,670.00

Feb 14, 2024

₹ 5,788.00

₹ 57,880.00

₹ 6,077.00

₹ 60,770.00

Feb 13, 2024

₹ 5,748.00

₹ 57,480.00

₹ 6,140.00

₹ 61,400.00

Disclaimer: The rates are subject to change as per market conditions.

Points to Remember When Buying Gold in Bhopal

While the gold price today in Bhopal is an important factor to consider, you must also remember these things when buying this metal:

  • The price of gold depends on its purity level, with 24 Karat gold being the purest

  • Check the presence of the BIS hallmark when you purchase physical gold, as it certifies the jewellery’s authenticity

  • Check the making charges of gold jewellery before buying, as these costs are still unregulated

  • Make sure the retailer provides you with invoices for your gold purchases that must contain all the required details

Gold Investment in Bhopal

You can invest in gold in Bhopal in the following ways:

  • You can buy physical gold from BIS-certified retail jewellery shops or get minted gold coins from authorised banks

  • You can invest in gold exchange-traded funds (ETFs) or gold-linked securities, like sovereign gold bonds (SGBs) 

  • You can also buy digital gold to invest in this precious metal

Factors that Affect Gold Prices in Bhopal

Here are some of the factors that impact the 22 Karat and 24 Karat gold prices in Bhopal today:

  • Domestic Supply and Demand: Like any other commodity, the price of gold is also influenced by the demand and supply forces

  • Rates of Bank Interest: People prefer to invest in gold when banks do not provide higher interest rates, leading to an increase in gold prices due to a rise in demand

  • Inflation Rate: When the inflation rate surges, people tend to invest in gold, as it provides a hedge against inflation

  • Government Policies: As the government levies tariffs on gold imports, changes in policies may also impact the gold prices

  • Global Variables: Supply chain disruptions caused by global events like wars and pandemics can also negatively impact gold prices

FAQs on the Gold Rate in Bhopal

What are the GST charges on the purchase of gold?

As per the GST Rules, you need to pay a GST rate of 5% on the purchase of gold items. 

Do the gold prices in Bhopal fluctuate daily?

Yes, gold rates in Bhopal fluctuate daily because of the local demand and supply forces and domestic as well as global macroeconomic factors.

How can I invest in gold in Bhopal?

You can invest in gold in Bhopal by purchasing physical gold from retail shops. You can also invest in gold ETFs and bonds or purchase digital gold.

How is the Purity of Gold Evaluated in Bhopal?

The 22 Karat and 24 Karat gold rates in Bhopal today vary because of their purity levels. You can check the purity level of gold jewellery by looking for a hallmark from the Bureau of Indian Standards (BIS).

 

This hallmark contains a BIS logo, weight, purity level, and fitness number and verifies the authenticity of the jewellery. The BIS conducts several tests, including X-ray fluorescence or acid testing, to determine the purity level of the concerned gold item.

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