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The gold price in Jaipur changes on a daily basis, as it does everywhere else in India. For this reason, if you want to buy gold in Jaipur, you should stay updated about the trends and fluctuations in gold rates. The gold items, like jewellery or bars or coins, can serve ornamental as well as investment purposes. In any scenario, if purchased with proper and thorough research of pricing, gold can be a great investment option. 

Gold Price Per Gram in Jaipur

As of today, here are the details about the price of per gram gold in Jaipur. 

Gram

24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹7,286

₹7,259

 ₹27

10 Gram

₹72,860

₹72,590

 ₹270

100 Gram

₹7,28,600

₹7,25,900

 ₹2,700

22 & 24 Carat Gold Rate in Jaipur for the Last 10 Days

Investment in gold can be immensely profitable if it is done wisely and after proper research. Before you choose to invest in gold, you should know there are several options from which you can choose. These include:

  • Physical Gold

  • ETFs of gold

  • Derivative gold contract

 

To help you make a decision before investing in gold, here are the gold rates in during a ten-day period which will help you understand the daily fluctuations in its price.

Date

STANDARD GOLD 22K

PURE GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

May 27, 2024

₹6,680.00

₹66,800.00

₹7,286.00

₹72,860.00

May 26, 2024

₹6,655.00

₹66,550.00

₹7,259.00

₹72,590.00

May 25, 2024

₹6,655.00

₹66,550.00

₹7,259.00

₹72,590.00

May 24, 2024

₹6,655.00

₹66,550.00

₹7,259.00

₹72,590.00

May 23, 2024

₹6,745.00

₹67,450.00

₹7,357.00

₹73,570.00

May 22, 2024

₹6,845.00

₹68,450.00

₹7,466.00

₹74,660.00

May 21, 2024

₹6,845.00

₹68,450.00

₹7,466.00

₹74,660.00

May 20, 2024

₹6,905.00

₹69,050.00

₹7,531.00

₹75,310.00

May 19, 2024

₹6,855.00

₹68,550.00

₹7,477.00

₹74,770.00

May 18, 2024

₹6,855.00

₹68,550.00

₹7,477.00

₹74,770.00

Gold Rate Calculator

The gold rate calculator is a tool that calculates the value of gold by utilising the latest market price and the weight of the gold in grams. To use the calculator, one needs to input the weight of their gold in grams. The calculator then provides an estimate of the gold's worth based on the current market price of gold, which can fluctuate daily due to various economic and market factors.

Gold Investment in Jaipur

As an investor in Jaipur or anywhere else in the country, statistics such as the 18 Carat gold price in Jaipur today, the 22 Carat gold rate in Jaipur today, or even the 24 Carat gold price in Jaipur are significant to your investment decision. However, this information is of no use if you are not sure about why you are investing in gold in the first place, regardless of the Jaipur gold rate today, yesterday, or 10 days in the future.

Here are some benefits of investing in gold.

 

  • The demand for gold in India is seasonal, meaning it is much easier for you as an investor to predict what the gold rate in Jaipur will look like based on upcoming national events or seasonal trends. For instance, you could hypothetically assess that the gold price in Jaipur will go up during the latter half of the year due to festivals such as Diwali and Ganpati. You could also claim that the gold rate in Jaipur will go up during the wedding season, and thus invest accordingly. 

  • Gold possesses the ability to significantly weather inflation. This is due to the fact that despite the gold standard being abolished, the metal possesses impressive price stability on a global scale, a level of stability that fiat currencies cannot offer. 

  • Despite being such a stable form of investment, the returns you receive on your investment are said to be equally as competitive as returns you would receive from other investments such as debt or equity.

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Points to Remember When Buying Gold in Jaipur

While you might have learned to carry out your technical and fundamental analysis based on the current gold rate in Jaipur, there are still some points you should keep in mind before you proceed with buying gold, as an investment or in the form of ornaments, jewellery, etc. 

 

  • In case you realise upon reaching home that the weight of the gold is not appropriate, or there are other problems, you would like to return it hassle-free. Therefore, it is of paramount importance that before you buy the gold based on the current gold rate in Jaipur, you check the return and buyback terms for the gold. 

  • Ensure you ask for an invoice for your purchase, else the buyback terms you just check for will be redundant if you cannot provide an invoice for your purchase. 

  • If you’re buying physical gold, weigh it. With gold, even 1 gram less could cause you significant financial loss. Ensure you weigh the gold correctly and thoroughly. 

  • Always buy only hallmarked gold. While this might not matter for gold in the form of jewellery, you might find it difficult to sell your gold if it is not hallmarked, as the BIS stamp identifies the gold as authentic.

Factors that Affect Gold Prices in Jaipur

As with any investment you can make, the Jaipur gold rate today is unlikely to be the same as yesterday. This price fluctuation is caused by a number of factors, and gaining insight into these factors will help you make a better investment decision.

  • Global Movement

India stands to be one of the largest importers of gold. Therefore, any changes in the price of importing gold will at least in part, be passed on to customers. Due to various geopolitical factors, the fluctuation in currencies can also cause the price of gold to fluctuate. If a country is in political peril, the people lose faith in the government and are less likely to invest in gold, pushing the price down.

  • Inflation

In times of high inflation, people hedge gold against it to not lose out on value. This pushes up the demand for gold and the gold price in Jaipur. 

  • The Market at Large

In India, gold has vast significance beyond ornaments or investments. With the metal being interlinked in the country's culture, from festivals to weddings, the demand for gold always fluctuates. For instance, one could make an assumption that during the wedding season, the gold price will go up, as people are likely to buy jewellery for their weddings or as wedding gifts.

How is the Purity of Gold Evaluated in Jaipur?

The reason for there being so many bands of gold price in Jaipur like the 22 Carat gold rate in Jaipur today, the 18 Carat gold price in Jaipur today, and the 24 Carat gold price in Jaipur, is because all of these bands vary in their purity. How do we define purity?

Any gold you purchase is in fact, not 100% gold. This is mostly due to the fact that despite the rigid appearance of gold bars, gold as a metal in its purest form is actually malleable to the degree that it could be damaged during processing, transport, etc. As a result, alloys that function as hardening agents are included. Therefore, the 24 Carat gold price in Jaipur, denotes the price of what is technically a gold alloy. 

 

A carat is a measure of fineness. In order to stabilise the gold, these hardening agents are included. However, one must keep track of how much is being added. This can be reverse-calculated from the carat value. 

 

For instance, if you have a piece of 22 Carat gold, divide 22 by 24. This will leave you with 0.9166. In order to convert this into a percentage, multiply it by 100. What you are left with is 91.66%. In other words, 22 Carat gold has 91.66% gold and the remaining 8.34% of other alloys.

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GST Impact on Gold Rate in Jaipur

As an investor, you are making investments based on the current gold rate in Jaipur. It is however also important that you consider the impact of GST on the current gold price in Jaipur, as it will factor into your final returns. If you do not do so, you might miscalculate and instead of making good returns, you might instead just about break even or worse, incur a loss. 

 

If we consider the current gold price in Jaipur to be a hypothetical ₹45,000, this is what the impact of GST on gold  would look like.

Tax

Before GST

After GST

Price of 10 grams

₹45,000

₹45,000

Customs duty

₹4,500

₹4,500

Service Tax and VAT

₹990

₹0

GST on gold

₹ 0

₹1,485

Total gold value

₹50,490

₹50,895

Making charge

₹3,000

₹3,000

GST on making charge

₹0

₹150

Final Price of gold after GST

₹53,490

₹54,135

FAQs on Gold Rate in Jaipur

How is the price of gold determined in Jaipur?

The price of gold in Jaipur is determined by several factors such as demand and supply, inflation, interest rates, geopolitical tensions, and other economic indicators. In addition, the purity of the gold, government regulations and taxes, and the fees charged by jewellers and dealers also affect the price of gold in the region. It's important to note that the price of gold can fluctuate on a daily basis, and it is recommended to check current prices from reliable sources before buying or selling.

 

What is the difference between 22 carat and 24 carat gold in Jaipur?

The difference between 22K and 24K gold in Jaipur lies in the purity of the gold. 22K gold is an alloy made up of 22 parts pure gold and 2 parts other metals like copper, silver, or zinc, making it 91.6% pure. 24K gold, on the other hand, is made of 24 parts pure gold and is thus 99.9% pure. 24K gold is considered the purest form of gold in terms of quality and value, but 22K gold is favoured for its stronger and more durable nature.

 

Is the price of gold in Jaipur the same as the price of gold in other cities?

The price of gold in Jaipur may not be the same as the price of gold in other cities. The price of gold can vary based on a number of factors such as local taxes, import duties, and fees charged by dealers and jewellers, which can differ between cities. Additionally, fluctuations in the global market, currency exchange rates, and local supply and demand also impact the price of gold in different cities.

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