Gold Rate in Ujjain Today

Gold holds significant importance in Ujjain, whether for investment, jewellery, or cultural purposes. Knowing the gold rate in Ujjain today is crucial for those planning to buy or sell gold. Gold prices are influenced by several factors such as global market trends, currency fluctuations, and demand within India.

 

In Ujjain, gold is available in various purities, including 24 karat (purest form) and 22 karat (commonly used in jewellery). The rates for these purities are updated daily based on market conditions. For instance, today’s gold rate in Ujjain may differ slightly compared to yesterday due to changes in international markets or import duties.

 

Whether you’re purchasing gold as a savings tool or for special occasions, staying updated on the gold price in Ujjain helps in making informed decisions. Always check the latest rates before investing or buying.

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

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹8,430	₹8,325	₹105
10 Gram	₹84,300	₹83,250	₹1050
100 Gram	₹843,000	₹832,500	₹10500

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

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

Investing in gold is a popular choice in Ujjain due to its value and reliability over time. Here are some common ways to invest in gold:

Physical Gold

Buying physical gold in the form of jewellery, coins, or bars is the traditional way of investing. Jewellery is ideal for personal use, while gold coins and bars are better for investment since they don’t include making charges. Always check today's gold price in Ujjain before purchasing.

Gold Savings Schemes

Jewellers in Ujjain often offer gold savings schemes where customers deposit money periodically. These schemes allow you to buy gold at maturity based on the prevailing gold price in Ujjain.

Digital Gold

With digital platforms, you can buy gold online without storing it physically. It is stored in secure vaults and can be sold based on the gold rate today in Ujjain.

Gold ETFs (Exchange-traded Funds)

Gold ETFs allow you to invest in gold through the stock market. These are traded like shares and offer flexibility to buy and sell without owning physical gold.

Sovereign Gold Bonds (SGBs)

Issued by the Government of India, SGBs are a safe way to invest in gold. They provide annual interest and are linked to the gold rate in Ujjain, making them a favourable option for long-term investments.

Gold is a valuable asset, and buying it requires careful planning. Whether you’re purchasing for investment or personal use, considering certain factors ensures you get the best value for your money. Here’s what you should keep in mind:

Gold Purity

Check the purity of gold before buying. Pure gold is measured in karats, with 24 karat being the purest (99.9% gold) and 22 karat (91.6% gold) commonly used for jewellery. Look for the BIS Hallmark to verify the purity.

Gold Rate in Ujjain Today

Gold prices fluctuate daily based on market trends. Always check the gold price today in Ujjain to ensure you’re paying the correct rate. Compare rates across local jewellers and online platforms.

Making Charges

For gold jewellery, making charges vary between jewellers and can significantly increase the cost. Opt for jewellers offering reasonable charges.

Certification and Hallmarking

Ensure the gold you buy is BIS Hallmarked, which certifies the purity. For coins or bars, insist on a proper bill and certification.

Storage and Safety

Decide how you will store your gold—whether at home, in a bank locker, or by opting for digital gold. Safe storage ensures your investment remains secure.

Buy from Trusted Sellers

Purchase gold from reputed jewellers or reliable platforms to avoid fraud. Trusted sellers provide quality assurance and fair pricing.

The price of gold in Ujjain, like other cities, changes daily due to a variety of global and local factors. Understanding these factors can help you make informed decisions while buying gold. Here’s a look at the key factors influencing gold prices:

International Gold Rates

Gold prices in Ujjain are directly linked to international gold rates. Changes in global demand, supply, and geopolitical tensions impact these rates, which then affect local prices.

Currency Exchange Rates

Gold in India is imported, and its price is influenced by the strength of the Indian Rupee against the US Dollar. A weaker Rupee leads to higher gold prices in Ujjain.

Inflation Rates

Gold is considered a hedge against inflation. When inflation rises, people prefer gold as a safer option, increasing its demand and price.

Import Duties

India imports most of its gold, and import duties set by the government affect gold prices. Higher duties can increase the cost of gold in Ujjain.

Festive and Wedding Demand

In Ujjain, festivals like Akshaya Tritiya and Diwali, along with the wedding season, see a spike in gold demand, which may increase prices temporarily.

Central Bank Policies

Policies by the Reserve Bank of India (RBI) regarding gold reserves and interest rates can indirectly influence gold rates.

When buying gold in Ujjain, checking its purity is essential to ensure you get what you pay for. Gold purity is measured in terms of karats, and there are standard ways to evaluate it. Here’s how gold purity is determined:

Karat System

Gold is classified based on its karat value, which indicates the proportion of pure gold in an alloy:

• 24 Karat: 99.9% pure gold, mainly used in coins and bars

• 22 Karat: 91.6% pure gold, commonly used for jewellery

• 18 Karat: 75% pure gold, typically used in designer jewellery

BIS Hallmarking

In Ujjain, BIS Hallmarking is the most reliable certification for gold purity. The Bureau of Indian Standards (BIS) certifies gold items, ensuring they meet quality standards. Look for the BIS logo on jewellery.

Purity Markings

Gold items often have markings indicating their karat value (e.g., ‘22K’ or ‘916’ for 22 karat gold). Always verify these markings before purchasing.

Acid Test

This traditional method uses acid solutions to test the purity of gold. However, it is typically performed by professionals and jewellers.

Electronic Gold Testing

Jewellers in Ujjain often use modern electronic testing devices to quickly and accurately measure gold purity.

Receipt Verification

Always ask for a detailed invoice that mentions the purity, weight, and making charges of the gold item you’re purchasing.

 

By using these methods, you can confidently evaluate the purity of gold and ensure a safe purchase.

The introduction of the Goods and Services Tax (GST) in India has affected the overall cost of gold in Ujjain. While the GST simplifies the tax structure, it has added an extra layer of charges to gold purchases. Here’s how GST impacts gold rates in Ujjain:

GST Rate on Gold

A GST of 3% is levied on the value of gold, whether it is in the form of jewellery, coins, or bars. This tax is calculated based on the prevailing gold rate in Ujjain today.

GST on Making Charges

In addition to the 3% GST on gold value, a 5% GST is charged on the making charges for gold jewellery. This increases the overall cost of purchasing gold items.

Higher Overall Cost

Before GST, taxes such as VAT and service tax were lower, but with GST, the total tax burden has slightly increased. This makes gold slightly more expensive for buyers in Ujjain.

Standardisation of Pricing

GST has standardised the taxation system across India, reducing price discrepancies between states. This ensures that the gold price in Ujjain aligns with other cities, apart from variations due to local jewellers’ charges.

Impact on Gold Investments

For investment in physical gold, GST adds to the purchase cost, reducing short-term returns. However, digital gold, Sovereign Gold Bonds, or Gold ETFs do not attract GST on purchase, making them cost-effective alternatives.

Gold loans are a popular borrowing option in Ujjain, where people pledge their gold as collateral to meet urgent financial needs. The gold rate in Ujjain today plays a critical role in determining how much loan you can receive. Here’s how gold rates influence gold loans

Loan Amount Depends on Gold Value

The loan amount you can borrow is based on the value of the gold pledged. When gold rates are high, the value of your gold increases, allowing you to borrow a higher amount. Conversely, a drop in gold prices may reduce the loan amount.

Loan-to-Value (LTV) Ratio

The Reserve Bank of India (RBI) allows lenders to offer a maximum of 75% of the gold’s current market value as a loan. This means that today’s gold price in Ujjain directly affects the amount you’re eligible to borrow.

Interest Rates and Repayment

Gold loans typically have lower interest rates compared to unsecured loans. However, lenders may revise interest rates based on fluctuations in gold prices to manage risks. Borrowers in Ujjain should check how interest rates align with current gold prices.

Risk of Falling Gold Prices

If gold rates drop significantly during the gold loan tenure, it could increase the risk for lenders. To safeguard their interests, lenders may ask borrowers to provide additional gold as collateral or repay a portion of the loan.

Favourable During High Gold Prices

Taking a gold loan when gold prices are high ensures you can maximise the loan amount. However, it’s important to monitor gold rates to avoid repayment challenges if prices fluctuate.