Gold holds cultural significance and serves as a financial safeguard during economic crises. Today, investing in gold is not limited to traditional physical forms, as various other ways to invest in gold are also available.

 

If you are planning a purchase, note that the gold rate in Kurnool and other parts of the country fluctuates based on various global and national factors. This rate also affects the loan amount you can secure against a gold asset. 

 

To make an informed decision, check the current gold rates before purchasing gold or applying for a gold loan.

Gold Price Per Gram in Kurnool

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

Gram

22 Carat Gold Rate Today

22 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹9,045

₹9,000

     ₹45

10 Gram

₹90,450

₹90,000

     ₹450

100 Gram

₹904,500

₹900,000

     ₹4500

22 & 24 Carat Gold Rate in Kurnool for the Last 5 Days

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

Date

STANDARD GOLD 22K

STANDARD GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

April 18, 2025

₹9,045

₹90,450

₹9,497

₹94,970

April 17, 2025

₹9,000

₹90,000

₹9,450

₹94,500

April 16, 2025

₹8,915

₹89,150

₹9,361

₹93,610

April 15, 2025

₹8,820

₹88,200

₹9,261

₹92,610

April 14, 2025

₹8,870

₹88,700

₹9,314

₹93,140

18 Carat Gold Rate in Kurnool for the Last 5 Days

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

Date

STANDARD GOLD 18K

1 Gram

10 Gram

April 18, 2025

₹7,400

₹74,000

April 17, 2025

₹7,364

₹ 73,640

April 16, 2025

₹7,294

₹72,940

April 15, 2025

₹7,216

₹72,160

April 14, 2025

₹7,257

₹72,570


Gold Investment Options in Kurnool

You can now explore various gold investment options beyond physical gold items like coins or jewellery. Some of these are:

  • Digital Gold

An alternative to physical gold, the facility allows you to invest online and store your gold in an insured locker, eliminating the risks of physical storage. An additional benefit is that the fractional investment feature allows you to start investing without having to wait until you have saved a substantial amount of money.

  • Sovereign Gold Bonds

These government-backed securities are considered a safe investment, as they are directly backed by the Reserve Bank of India (RBI). The invested amount stays safe, and you receive the current market value of gold when redeeming the bond.

  • Gold Exchange-traded Funds (ETFs) 

Gold ETFs are a digital representation of gold, with each unit equivalent to 1 gram. These ETFs are traded on exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and are backed by gold held in secure vaults.

  • Gold Savings Schemes

Many jewellers offer gold savings schemes where you can make monthly payments that accumulate over time. You can then use these savings to buy gold at a later date. These schemes are particularly popular if you plan to purchase gold jewellery in the future.

Things To Consider Before Buying Gold in Kurnool

In addition to checking the current gold rate in Kurnool today, consider these factors before making a purchase:

  • Gold Purity Levels

Gold is available in various purity levels, such as 24 karats, 22 karats, 18 karats, and 14 karats. The price of gold varies based on its purity, so ensure you check the price accordingly.

  • Hallmark Authentication

The hallmark, issued by the Bureau of Indian Standards (BIS), certifies the purity of gold. It includes details like a unique identification number and seller information. Always check for a hallmark before finalising your purchase.

  • Current Gold Rates

Gold prices can fluctuate, so it is crucial to check the current rate to ensure you are paying the correct amount. Monitoring the rates helps avoid overpaying when prices are higher.

  • Reputable Sellers

Choose a trusted seller to ensure the authenticity of the gold and to get fair terms. Also, reputable sellers often offer better services to enhance your purchase experience.

  • Additional Costs

Be aware of extra charges like making charges and taxes, which can increase the final price of the gold item. Understanding these costs will help you make a well-informed decision.

  • Compare Offers

Find the best deals by visiting different sellers across Kurnool. This allows you to understand the market, save money, and ensure you are purchasing authenticated gold.

Factors that Affect Gold Prices in Kurnool

Several factors, including currency fluctuations, geopolitical conditions, and demand and supply, frequently influence gold prices. Here’s a deeper look:

  • Changes in Currency Value

The gold price today in Kurnool fluctuates with changes in the value of the US Dollar. When the dollar strengthens, gold becomes costlier in India, and when it weakens, gold prices tend to decrease.

  • Geopolitical Situations

Gold prices are also affected by factors such as changing governments, tax policies, and economic downturns. During such times, the demand for gold typically increases, as it is viewed as a safe investment. This surge in demand can drive up gold prices.

  • Demand and Supply

Gold demand rises during festive and wedding seasons in India. Increased demand for jewellery and ornaments leads to a boost in gold rates.

  • Rules and Regulations

Changes in government policies and regulations can also impact gold rates in India. For example, if imports are restricted, the supply may fall short of the demand, causing prices to rise.

Methods to Evaluate the Purity of Gold in Kurnool

Gold comes in different purity levels, but it is important to ensure that the purity of a gold asset is in line with the estimated price. Here are some methods you can use to check the purity:

  • Visual Check

While visual tests may not reveal minor impurities, you can check for tarnishing or discolouration, as gold doesn't tarnish easily over time.

  • Magnet Test

Gold is not magnetic. Bring a magnet close to the item; if it is attracted to the magnet, it likely contains other metals.

  • Density Test

The density of pure gold differs from other metals. You can perform a floating test or compare the density of the gold item with pure gold. If there is a difference, the item is not pure gold.

  • Hallmark Check

A hallmark from the Bureau of Indian Standards (BIS) is an authentication stamp indicating the gold’s purity. It includes a unique ID number and seller details, verifying the item’s value and authenticity.

  • Nitric Acid Test

For more certainty, use a nitric acid test kit. Scratch the gold item with a stone and apply a few drops of nitric acid. Gold doesn’t react to nitric acid, so any change in colour indicates it is not pure gold.

  • X-Ray Fluorescence Testing

Modern methods like X-ray fluorescence testing can also help you check purity using X-rays to identify gold’s composition. You can contact a professional to perform this test for safety and accuracy.

Impact of GST on Gold Rate in Kurnool

GST, or Goods and Services Tax, is a taxation system introduced by the Government of India. It applies to all goods and services within the country, including gold purchases. Under the current regulations, a 3% GST is levied on gold purchases, while a 5% GST is charged on the making charges for gold jewellery.

Impact of Gold Rates on Gold Loans in Kurnool

The amount you can secure through a loan against a gold item is influenced by the prevailing gold prices in Kurnool. These prices affect the Loan-to-Value (LTV) ratio, which in turn determines the loan amount you can obtain.

 

When gold prices increase, the potential loan amount you can access through a gold loan also rises. Conversely, if gold prices decline, the amount you can borrow decreases. To maximize the value of your gold asset, it's important to stay informed about current gold rates. 


You can easily compare gold loan options offered by several lenders on Bajaj Markets. Apply now with minimal formalities and documentation.

Frequently Asked Questions

How pure is 22 karats of gold?

Gold with a 22-karat purity is 91.67% pure. Other metals in the gold item may be silver or nickel.

How to test if gold is real?

One way to test gold’s authenticity is by carrying out a nitric acid test. Scratch a small segment of the gold item on a stone, then apply a few drops of nitric acid. If a reaction occurs or the colour changes, the gold contains impurities. 

 

Other methods include checking the hallmark stamp, conducting a magnet test, checking the density, etc.

How much GST is applicable on gold in India?

In India, 3% GST is applicable on gold purchases, while 5% GST is levied on making charges of gold jewellery.

Can we buy gold without GST?

No, you need to pay the applicable GST on all gold purchases to comply with the taxation rules of the country and avoid penalties.

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now
Home
active_tab
Loan Offer
active_tab
CIBIL Score
active_tab
Download App
active_tab