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Gold holds significant cultural, economic, and investment importance in Srinagar. In terms of investment, many individuals in Srinagar and across India consider gold a hedge against inflation and other economic problems. Checking gold rates is crucial for informed buying and selling decisions, helping residents and businesses stay updated on market trends and make sound financial choices in Srinagar.

Gold Price in Srinagar

The following table provides information on the gold rates in Srinagar today:

Weight

24 Karat Gold Rate Today

24 Karat Gold Rate Yesterday

Price Difference

1 g

₹5,969

₹6,064

- ₹95

10 g

₹59,690

₹60,640

- ₹950

100 g

₹5,96,900

₹6,06,400

- ₹9,500

*Disclaimer: The rates mentioned above are subject to change as per market conditions.

22 & 24 Karat Gold Rate in Srinagar in the Last 10 Days

Check the changes in gold prices over the last 10 days in Srinagar:

Date

Standard 22 Karat Gold

Pure 24 Karat Gold

1 g

10 g

1 g

10 g

Feb 26, 2024

₹ 5,860.00

₹ 58,600.00

₹ 6,153.00

₹ 61,530.00

Feb 25, 2024

₹ 5,870.00

₹ 58,700.00

₹ 6,164.00

₹ 61,640.00

Feb 24, 2024

₹ 5,870.00

₹ 58,700.00

₹ 6,164.00

₹ 61,640.00

Feb 23, 2024

₹ 5,850.00

₹ 58,500.00

₹ 6,143.00

₹ 61,430.00

Feb 22, 2024

₹ 5,850.00

₹ 58,500.00

₹ 6,143.00

₹ 61,430.00

Feb 21, 2024

₹ 5,860.00

₹ 58,600.00

₹ 6,153.00

₹ 61,530.00

Feb 20, 2024

₹ 5,835.00

₹ 58,350.00

₹ 6,127.00

₹ 61,270.00

Feb 19, 2024

₹ 5,845.00

₹ 58,450.00

₹ 6,137.00

₹ 61,370.00

Feb 18, 2024

₹ 5,820.00

₹ 58,200.00

₹ 6,111.00

₹ 61,110.00

Feb 17, 2024

₹ 5,820.00

₹ 58,200.00

₹ 6,111.00

₹ 61,110.00

*Disclaimer: The rates are subject to change as per market conditions.

Points to Remember When Buying Gold in Srinagar

Here are some important things you must keep in mind when purchasing gold in Srinagar:

  • Check Gold Rates: Monitor current gold prices in the city

  • Research Sellers: Choose trustworthy jewellers or authorised dealers

  • Verify Purity: Look for the Bureau of Indian Standards (BIS) hallmarks and karat markings on the gold

  • Check Weight: Ensure the gold is accurately weighed using certified scales

  • Demand a Receipt: Obtain a detailed receipt specifying the purchase details

  • Ask for purity certification: Request the seller to provide your gold’s certificate of authenticity

  • Understand Making Charges: Factor in making charges and taxes associated with the purchase

  • Compare Prices: Compare prices across different sellers before making a decision

Gold Investment in Srinagar

You can make a gold investment in Srinagar through any of the following avenues:

  • Gold mutual funds

  • Gold ETFs

  • Gold futures and options

  • Physical gold like bars, coins, and jewellery

  • Sovereign gold bonds

FAQs

What factors contribute to changes in Srinagar's gold rates?

Here are some variables that can have a major impact on gold rates in Srinagar:

  • Supply and demand of gold

  • Change in government policies

  • Gold import tax and duties

  • Macroeconomic crisis

  • Change in consumer sentiments

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