Take a look of today gold rate of 18 Karat, 22 Karat, and 24 Karat in Ranchi, Jharkhand
Here are some factors that can influence the changes in gold rates in Ranchi:
Supply and demand dynamics
Central bank policies
Inflation rates
Geopolitical events
Currency strength
Interest rates
Market speculation
Mining production levels
Economic conditions
How can I check the purity of the gold I purchase in Ranchi?
Ask for a certificate of authenticity and physical receipt to check the purity and weight of the gold purchased. You can also test the gold using the following methods:
Stamp Test: Verify gold authenticity by inspecting the BIS hallmark
Skin Test: Observe any discolouration or allergic reactions when gold is applied to skin
Magnet Test: Assess the gold's authenticity using a magnet as the metal is not magnetic
Ceramic Test: Inspect the gold’s colour and authenticity by scratching it against ceramic
Acid Test: Determines gold purity by using acid and analysing the reaction
Do I have to submit KYC documents to invest in gold?
You have to compulsorily submit your KYC documents only in the case of sovereign gold bond investments. For other investments like gold ETFs (digital gold) and physical gold, it is not a mandate.
