Gold Rate in Rajkot Today

Stay updated on today’s gold price in Rajkot and make smarter purchasing or investment choices.

 

Whether you are planning to purchase gold for investment purposes or buy gold jewellery for a wedding, knowing the gold rate in Rajkot is essential. Keeping a tab of the rate for various gold karats—like 18K, 22K, and 24K—helps you time your gold purchases. 

 

Gold prices can vary each day due to a range of domestic and international factors, including market demand and global economic conditions.

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

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹7,630	₹7,520	₹110
10 Gram	₹76,300	₹75,200	₹1100
100 Gram	₹763,000	₹752,000	₹11000

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

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

Investing in gold is a smart way to diversify your portfolio and safeguard against inflation. If you are in Rajkot, there are several options available through which you can invest in gold. Here are some investment opportunities to consider:

• Digital Gold

You can purchase digital gold online and avoid the hassle of physically storing gold. This is a safe way of investing in gold, and you can liquidate it easily.

• Gold ETFs

Exchange-traded funds that track gold prices can be traded with on stock exchanges. Reputable Asset Management Companies (AMCs) and brokers provide these investment options.

• Sovereign Gold Bonds (SGBs)

With these government-backed securities, you can invest in gold without holding it physically and enjoy a fixed interest rate. You can redeem them for cash upon maturity.

• Gold Futures

With these contracts, you can buy or sell gold at a price predicted for the future. This provides a hedge against price fluctuations.

• Gold Mining Stocks

Another way is investing in companies involved in the process of mining gold. This gives you the opportunity to earn high potential returns when the gold price rises.

Like any other investment decision, buying gold in Rajkot also demands adequate caution. Here are some points to keep in mind:

• Compare Options

It is important to compare prices and offerings from various jewellers. This approach helps you find the best value and choose a piece that aligns with your preferences and budget.

• Verify Seller's Authenticity

Before making a purchase, check the seller's authenticity. Reputable jewellers are more likely to offer genuine products and quality service.

• Know the Purity

Gold purity is measured in Karats. A piece of 24K gold is regarded as 99.9% pure, with purity decreasing as you go down to 22K, 18K, 14K, and so on.

• Check the Weight and Pricing

Gold prices are determined by weight, and market rates can vary. Ensure you check the weight of the gold you are purchasing and compare it with current market prices to calculate the cost accurately.

• Understand Additional Charges

Pay attention to the making charges and any extra fees that might apply. High making charges can significantly impact your overall gold purchase.

• Ensure Hallmark Certification

Choose gold jewellery that comes with hallmark certification, which verifies its purity. In India, the Bureau of Indian Standards (BIS) regulates the certification process.

As mentioned, the prices of gold fluctuate every day due to various economic and geopolitical aspects. Here are some factors that may lead to these fluctuations:

• Demand and Supply Dynamics

Gold prices fluctuate based on how much people want to buy and its supply. Gold's lasting value and limited supply make it popular, especially when demand increases during uncertain times.

• US Dollar Value

Gold is usually traded in U.S. dollars, so changes in the dollar's value impact its price. A strong dollar often leads to lower gold prices and vice-versa.

• Cultural and Seasonal Trends

Gold prices often rise during festivals in India due to its cultural importance and increased demand for jewellery.

• Government Actions and Reserves

When governments buy or sell gold, it can affect gold's prices for the public. In India, the Reserve Bank of India's decisions also influence the gold rate.

You can evaluate gold’s purity using different methods, from visual inspections to professional techniques. Here are several methods you can use:

• Check Hallmarks

Genuine gold has hallmarks or stamps that indicate its purity. Use a magnifying glass to search for these markings.

• Colour Test

Real gold does not tarnish and maintains its colour. If your gold jewellery shows signs of fading or colour change, it may not be pure.

• Magnet Test

The magnet test can help detect non-gold materials. If the item is attracted to a magnet, it may lack purity.

• Nitric Acid Testing

Professionals commonly use this method to determine the amount of gold mixed with other metals. It includes using nitric acid on the gold and monitoring the reaction to evaluate its purity.

• Electronic Gold Testing

Electronic testers pass an electric current through the gold item to measure its resistance. Pure gold has high conductivity, while impurities reduce it.

Changes to the Goods and Services Tax (GST) can cause variations in gold prices throughout the country. In Rajkot and other parts of India, buying gold jewellery incurs a 3% tax on the value of the gold. A 5% GST on making charge also applies when you purchase gold jewellery.

In addition to its cultural value, using gold as collateral for gold loans has become a practical and accessible way to get funds. You can get gold loans in Rajkot and benefit from flexible repayment plans and competitive interest rates to suit your needs.

 

Remember, the interest rate on gold loans influences how much you can borrow. You can get a more substantial loan amount against the same gold when gold prices go up. However, if prices fall, your borrowing limit will be lower.

 

You can maximise your borrowing potential by keeping an eye on gold loans with low interest rates. On Bajaj Markets, you can compare offers from different lenders and apply for a loan easily.