Know today’s gold prices in Nanded for smarter purchases and investments.
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Nanded, a city steeped in history and spirituality, has a deep connection with gold, often used to mark celebrations, traditions, and life’s milestones. From adorning temple rituals to enhancing festive occasions, gold remains an integral part of Nanded’s cultural and social fabric.
Since gold rates are influenced by global and local factors and can vary across cities, staying informed about today’s gold rate in Nanded is crucial. Whether you’re planning to invest or purchase jewellery for a special occasion, knowing the latest prices helps you make confident and well-informed decisions.
Gold prices in Nanded continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.
Gold Prices on 1st April 2025
- 22-Karat Gold: ₹9,190 per gram
- 24-Karat Gold: ₹9,970 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,630 per gram
- 24-Karat Gold: ₹10,480 per gram
Highest Gold Price in April 2025
The highest recorded price of gold during the month was on 25th April 2025:
- 22-Karat Gold: ₹9,720 per gram
- 24-Karat Gold: ₹10,570 per gram
Lowest Gold Price in April 2025
The lowest recorded price of gold during the month was on 7th April 2025:
- 22-Karat Gold: ₹9,150 per gram
- 24-Karat Gold: ₹9,940 per gram
Overall Performance
Gold prices in Nanded showed a +4.78% increase in April 2025.
Gold prices in Nanded continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.
Gold Prices on 1st March 2025
- 22-Karat Gold: ₹8,950 per gram
- 24-Karat Gold: ₹9,720 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹9,190 per gram
- 24-Karat Gold: ₹9,970 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 27th March 2025:
- 22-Karat Gold: ₹9,220 per gram
- 24-Karat Gold: ₹10,000 per gram
Lowest Gold Price in March 2025
The lowest recorded price of gold during the month was on 6th March 2025:
- 22-Karat Gold: ₹8,930 per gram
- 24-Karat Gold: ₹9,700 per gram
Overall Performance
Gold prices in Nanded showed a +2.68% increase in March 2025.
Gold prices in Nanded continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.
Gold Prices on 1st February 2025
- 22-Karat Gold: ₹9,190 per gram
- 24-Karat Gold: ₹9,970 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹9,630 per gram
- 24-Karat Gold: ₹10,480 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 25th February 2025:
- 22-Karat Gold: ₹9,720 per gram
- 24-Karat Gold: ₹10,570 per gram
Lowest Gold Price in February 2025
The lowest recorded price of gold during the month was on 7th February 2025:
- 22-Karat Gold: ₹9,150 per gram
- 24-Karat Gold: ₹9,940 per gram
Overall Performance
Gold prices in Nanded showed a +4.78% increase in April 2025.
Gold prices in Nanded are influenced by various factors. Here are the key ones:
Global Market Trends
International demand, supply, and geopolitical events significantly impact gold prices.
Inflation
Higher inflation rates increase gold’s appeal as a hedge, raising its prices.
Currency Exchange Rates
The value of the Indian Rupee against the US Dollar affects gold prices since gold is globally traded in USD.
Local Demand
Festivals, weddings, and regional preferences in Nanded can drive up demand and influence prices.
Government Policies
Import duties, taxes, and Reserve Bank of India policies play a crucial role in determining gold rates.
The Goods and Services Tax (GST) directly impacts the price of gold in Nanded. Here’s how:
GST on Gold Purchases
A GST of 3% is applied to the value of gold during purchase. This adds to the overall price, making gold slightly more expensive.
GST on Making Charges
Jewellery making involves an additional 5% GST on the making charges. This is particularly relevant for elaborate designs that carry higher craftsmanship costs.
Overall Cost Implication
The combined GST on gold value and making charges can significantly affect the total cost of gold jewellery. Buyers in Nanded should account for these taxes to avoid surprises.
Gold rates have a direct influence on gold loans in Nanded. The loan amount you can borrow depends on the value of the gold pledged as collateral.
When gold prices are high, the value of your pledged gold increases, allowing you to secure a higher gold loan amount. Conversely, if gold rates drop, the value of your gold decreases, which reduces the maximum loan amount you can get.
The Reserve Bank of India regulates the loan-to-value ratio for gold loans, capping it at 75%. However, fluctuations in gold prices during the loan tenure could affect repayment terms. For instance, if gold prices fall significantly, lenders may require additional collateral to cover the loan. Staying updated on gold rates in Nanded helps you make informed decisions when applying for a gold loan.
FAQ
How is the purity of gold measured in Nanded?
The purity of gold in Nanded is measured in karats. 24-karat gold, with 99.9% purity, is considered the purest, while 22-karat gold, commonly used for jewellery, has 91.6% purity.
How can I buy Digital Gold in Nanded?
You can buy Digital Gold in Nanded through various apps and websites. These platforms let you invest in gold online and securely store it in insured vaults.
What factors influence the gold rate in Nanded?
Gold rates in Nanded are influenced by global market trends, inflation, local demand during festivals and weddings, currency exchange rates, and government policies.
Which type of gold is best for jewellery in Nanded?
22-karat gold is preferred for making jewellery in Nanded due to its durability and purity balance. 24-karat gold is too soft and is mostly used for investments.
How does GST affect gold purchases in Nanded?
GST adds to the cost of gold in Nanded. A 3% GST is levied on gold purchases, and an additional 5% GST is charged on jewellery making charges, increasing the overall price.
