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Today’s Gold Rate in Indore

Gold Price in Indore

Last Updated 28th Feb 2021

The gold price in Indore for 22-carat gold is ₹ 44,200 and for 24-carat gold is ₹ 46,450.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 46,450 44,200
Gold Rate Indore Feb 2021
Highest Rate 49,880 47,540
Lowest Rate 46,450 44,200
Average Rate 47,718 45,449

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Today Gold Price Indore

₹ 44,200

Gold Price Today in Indore

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Indore. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Indore. The gold rates in Indore are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Indore today is ₹ 44,200 for 22-carat gold, whereas for 24-carat gold it is ₹ 46,450.

Historical Price of Gold Rate in Indore

24 Carat Gold Price in Indore 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
February 2021
46,450 49,880
January 2021
49,290 52,100

24 Carat Gold Price in Indore 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
48,410 51,240
November 2020
51,100 55,250
October 2020
52,450 54,330
September 2020
52,740 55,030
August 2020
53,450 59,300
July 2020
48,100 53,200
June 2020
46,200 48,450
May 2020
46,200 48,960
April 2020
43,210 48,250
March 2020
40,350 45,200
February 2020
40,400 43,050
January 2020
39,100 41,280

22 Carat Gold Price in Indore 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
February 2021 44,200 47,540
January 2021 46,920 49,620

22 Carat Gold Price in Indore 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 46,120 48,830
November 2020 46,850 50,650
October 2020 48,900 49,800
September 2020 48,350 50,450
August 2020 49,850 54,750
July 2020 46,900 52,200
June 2020 45,000 47,250
May 2020 44,400 46,560
April 2020 40,940 46,150
March 2020 39,150 43,200
February 2020 39,200 41,850
January 2020 38,100 40,100

From where to buy gold jewellery in Indore

When buying gold in Indore, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Indore for buying gold jewellery are . Other large Stores that sell certified and hallmark jewellery in Indore are .

List of banks providing gold loan in Indore

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Indore that provide loan against gold jewellery are:

FAQs

What is the gold price in Indore for 916 hallmark gold?

The gold price in Indore for 916 hallmark gold is ₹ 44,200. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Indore today?

The price of 1 gm gold in Indore today is ₹ 4,645 for 24 carats of gold and ₹ 44,200 for 22 carats gold. 

What is the rate of 23-carat gold in Indore?

The rate of hallmark gold of 23-carat in Indore is ₹ 46,450.

How is today’s gold rate in Indore 916 determined?

The gold rates in Indore is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Indore is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Indore?

Checklist for buying gold in Indore involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

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