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Today’s Gold Rate in Nagpur

Gold Price in Nagpur

Last Updated 16th Jul 2020

The gold price in Nagpur for 22-carat gold is ₹ 47,500 and for 24-carat gold is ₹ 48,500.

16th Jul 2020 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 48,500 47,500
Gold Rate Nagpur Jul 2020
Highest Rate 49,000 48,000
Lowest Rate 47,460 46,460
Average Rate 48,223 47,223

Gold Price Today in Nagpur

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 Nagpur. 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 Nagpur. The gold rates in Nagpur are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Nagpur today is ₹ 47,500 for 22-carat gold, whereas for 24-carat gold it is ₹ 48,500.

Historical Price of Gold Rate in Nagpur

24 Carat Gold Price in Nagpur 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
July 2020
47,460 49,000
June 2020
45,620 48,410
May 2020
45,300 47,600
April 2020
41,670 47,150
March 2020
40,200 44,320
February 2020
40,240 43,000
January 2020
39,200 41,150

24 Carat Gold Price in Nagpur 2019

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2019
37,700 38,950
November 2019
38,000 38,990
October 2019
37,250 38,880
September 2019
37,500 40,145
August 2019
34,800 38,950
July 2019
33,700 35,400
June 2019
32,400 34,660
May 2019
31,700 32,480
April 2019
31,920 32,310
March 2019
32,210 34,660
February 2019
32,530 34,060
January 2019
32,050 33,610

22 Carat Gold Price in Nagpur 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
July 2020 46,460 48,000
June 2020 44,620 47,410
May 2020 44,300 46,600
April 2020 40,670 46,150
March 2020 39,200 43,320
February 2020 39,240 42,000
January 2020 38,200 40,150

22 Carat Gold Price in Nagpur 2019

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2019 36,700 37,950
November 2019 37,000 37,990
October 2019 36,250 37,880
September 2019 36,500 38,200
August 2019 33,800 37,950
July 2019 32,520 34,400
June 2019 30,620 34,300
May 2019 29,920 30,700
April 2019 30,140 30,530
March 2019 30,430 33,660
February 2019 30,750 32,260
January 2019 30,170 31,730

From where to buy gold jewellery in Nagpur

When buying gold in Nagpur, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Nagpur for buying gold jewellery are Shri Krishna Jewellers, Pushpalata Jewellers, Mangalkar Jewellers, Konark Jewellers and Karan Kothari Jewellers. Other large Stores that sell certified and hallmark jewellery in Nagpur are ORRA Jewellery, PN Gadgill Jewellers and Apsara Jewellers.

List of banks providing gold loan in Nagpur

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 Nagpur that provide loan against gold jewellery are:

About Nagpur

Nagpur is the third largest city in Maharashtra which is also known as "the city of oranges". Like any other user, the people of Nagpur uses gold for jewellery/ornaments and as well as for investment purposes. Gold investors in Nagpur are increasing day by day with the ample investment choices available in the market for gold.

FAQs

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

The gold price in Nagpur for 916 hallmark gold is ₹ 47,500. The 916 KDM gold price is same as 22-carat hallmark gold.

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

The price of 1 gm gold in Nagpur today is ₹ 4,850 for 24 carats of gold and ₹ 47,500 for 22 carats gold. 

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

The rate of hallmark gold of 23-carat in Nagpur is ₹ 48,500.

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

The gold rates in Nagpur 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 Nagpur 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 Nagpur?

Checklist for buying gold in Nagpur 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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