Gold holds significance in Ranchi, much like in other regions of India, as it is associated with multiple rituals and traditions in the country. Additionally, the metal acts as a hedge against major economic issues like inflation, recession, and so on. If you are planning to purchase this advantageous asset in Ranchi, it is important to be aware of the current rates of gold in the city.
The following table provides information regarding the latest gold rate in Ranchi:
Weight |
24 Karat Gold Rate Today |
24 Karat Gold Rate Yesterday |
Price Difference |
1 g |
₹6,206 |
₹6,206 |
₹ 0 |
10 g |
₹62,060 |
₹62,060 |
₹ 0 |
100 g |
₹6,20,600 |
₹6,20,600 |
₹ 0 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
The price of gold in Ranchi over the last 10 days is listed in the following table:
Date |
Standard 22 Karat Gold |
Pure 24 Karat Gold |
||
1 g |
10 g |
1 g |
10 g |
|
Feb 23, 2024 |
₹5,910.00 |
₹59,100.00 |
₹6,206.00 |
₹62,060.00 |
Feb 22, 2024 |
₹5,910.00 |
₹59,100.00 |
₹6,206.00 |
₹62,060.00 |
Feb 21, 2024 |
₹5,920.00 |
₹59,200.00 |
₹6,216.00 |
₹62,160.00 |
Feb 20, 2024 |
₹5,895.00 |
₹58,950.00 |
₹6,190.00 |
₹61,900.00 |
Feb 19, 2024 |
₹5,905.00 |
₹59,050.00 |
₹6,200.00 |
₹62,000.00 |
Feb 18, 2024 |
₹5,880.00 |
₹58,800.00 |
₹6,174.00 |
₹61,740.00 |
Feb 17, 2024 |
₹5,880.00 |
₹58,800.00 |
₹6,174.00 |
₹61,740.00 |
Feb 16, 2024 |
₹5,870.00 |
₹58,700.00 |
₹6,164.00 |
₹61,640.00 |
Feb 15, 2024 |
₹5,850.00 |
₹58,500.00 |
₹6,143.00 |
₹61,430.00 |
Feb 14, 2024 |
₹5,860.00 |
₹58,600.00 |
₹6,153.00 |
₹61,530.00 |
*Disclaimer: The rates are subject to change as per market conditions.
To make sure that you purchase only authentic gold at beneficial terms, stay informed about the present gold prices in Ranchi before making a purchase. Take into account the making charges linked to your purchase. Familiarise yourself with the gold's purity levels, measured in karats. Confirm the presence of BIS (Bureau of Indian Standards) hallmarks to guarantee the gold's authenticity and purity. Authenticate the credibility of the seller and make sure to ask for a physical receipt for the transaction. Double-check the accuracy of the purchased gold's weight.
You can make gold investments in Ranchi through the following avenues:
Gold ETFs
Gold mutual funds
Sovereign gold bonds (SGBs)
Gold derivatives like futures and options
Physical gold like coins, bars, and jewellery
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
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
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.