Kanpur in Uttar Pradesh is a well-known industrial city and economic centre. The city caters to the requirements of leather, food processing and plastics industries besides the heavy and medium industries that manufacture defence equipment and industrial machines. The city is also known for manufacturing railways wagons, textiles and textile machinery, fertilisers, soaps, television picture tubes, hosiery and cutlery among other industries. Kanpur is also home to reputed academic institutions and thus has a good base of skilled labour.

Owing to its rate of economic development and the quality of life the citizens enjoy, there is a continuous demand for gold. To know what is today’s gold rate in Kanpur, requires the customers to check reliable resources online or the gold rates displayed in jeweller’s shops. Depending on the gold purity one is looking to buy, one must keep track of the rates of the past few days to gauge where the gold rate is heading and thus time their purchase.

Gold Price in Kanpur for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Kanpur - (Today & Yesterday)

If you're planning for gold investment, check and compare the 22 carat gold rate in Kanpur. Consider taking look at the following information given below:

Gram Today Yesterday Price Change
Gold rate for 1 gram ₹ 6,656 ₹ 6,647 ₹ 9
Gold rate for 10 gram ₹ 66,560 ₹ 66,468 ₹ 92
Gold rate for 12 gram ₹ 79,872 ₹ 79,762 ₹ 110

Today 24 Carat Gold Price Per Gram in Kanpur - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Kanpur. Check the following table as given below:

Gram Today Yesterday Price change
Gold rate for 1 gram ₹ 7,266 ₹ 7,256 ₹ 10
Gold rate for 10 gram ₹ 72,664 ₹ 72,563 ₹ 101
Gold rate for 12 gram ₹ 87,197 ₹ 87,076 ₹ 121

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Kanpur For The Last 10 Days

Being an international commodity, the rate of gold is subject to the influence of various domestic and global factors. Additionally, demand-supply dynamics and individual preferences play a significant role in determining its value. Consequently, the daily price of gold in Kanpur experiences fluctuations. Buyers in Kanpur frequently encounter the challenge of identifying the optimal day to acquire gold items at the most favourable price. The gold price in Kanpur today may differ from yesterday and even tomorrow, presenting a scenario where customers might pay more on one day compared to a potentially lower cost on another day. In such situations, having information about the gold rate over the past 10 days and understanding its likely direction proves beneficial for timing the purchase of gold.

The table below outlines the prices of gold for 22K and 24K purity in Kanpur over the last 10 days.

Day 22K Pure Gold 24K Pure Gold
12 Jul, 2024 ₹ 6,656 ₹ 7,266
11 Jul, 2024 ₹ 6,646 ₹ 7,256
10 Jul, 2024 ₹ 6,651 ₹ 7,261
09 Jul, 2024 ₹ 6,626 ₹ 7,234
08 Jul, 2024 ₹ 6,663 ₹ 7,274
05 Jul, 2024 ₹ 6,653 ₹ 7,264
04 Jul, 2024 ₹ 6,638 ₹ 7,246
03 Jul, 2024 ₹ 6,615 ₹ 7,222
02 Jul, 2024 ₹ 6,567 ₹ 7,169
01 Jul, 2024 ₹ 6,583 ₹ 7,187

Monthly and Weekly Trends of Gold Rate in Kanpur

Explore the monthly and weekly trends of the gold rate today for 22K in Kanpur on various websites, as published by news dailies and online resources. These sources provide comprehensive guides and valuable insights into the current gold market trends. Accessing this information enables you to make well-informed decisions based on the latest updates on gold rates in Kanpur.

Gold Price Calculator in Kanpur

Gold should be minimum 0.1 grams

Gold value: ₹ 6,656.00

What is the Current Gold Rate Trend in Kanpur?

Kanpur, a city recognised for its industrial base of medium, heavy and small-scale industries and the availability of skilled labour owing to the rich heritage of reputed institutes of higher learning adds to the quality of life that people in Kanpur enjoy.

Owing to the rate of development, there is a consistent demand for gold across all levels of purities. This along with the recently-concluded festive season and the forthcoming wedding season have caused a steady rise in the current gold rate in Kanpur, particularly for 22K and 24K gold.

Importance of Checking Gold Rate Today in Kanpur Before Buying

What is the gold rate today in Kanpur, is a question influenced by a host of domestic and international factors? Keeping track of the current gold rate in Kanpur can significantly aid in strategizing your purchase. The daily fluctuations in gold prices have a direct impact on market values, and staying informed enables buyers to capitalise on favourable rates. Whether for jewellery or investment purposes, monitoring the gold rate today in Kanpur serves as a safeguard against overpayment and enhances the overall value of the transaction. Informed buyers utilise this data to navigate market dynamics, ensuring cost-effective acquisitions and maximising returns on their gold investments in Kanpur.

Factors that Affect the Gold Prices in Kanpur

The gold rates in Kanpur fluctuate based on various factors, including global gold production, international demand and supply, global economic and political conditions, and fluctuations in exchange rates. In the domestic market, state taxes, octroi, national and local bullion associations, prominent jewellers, RBI's gold reserve, inflation, and the monetary policies of the central bank contribute to the dynamics of gold prices in Kanpur. Consequently, today's gold rate in Kanpur for 22 carats may show slight variations compared to yesterday and could differ again tomorrow.

How is Gold’s purity determined?

The Bureau of Indian Standards follows a hallmarking system to assess gold’s purity and today’s gold rate in Kanpur per gram. Dealers and the laboratory evaluating the purity of gold jewellery are required to imprint its logo on the jewellery. In India, the ‘karat’, or ‘carat’ in some countries, is the measure of purity of gold, calculated on a scale of 1 to 24. Purity is the ratio of pure gold to the total alloy content. 24K, or pure gold indicates 99.9% gold content. Similarly, 22K gold referred to as 916 gold, consists of 91.6% pure gold and 8.4% other metals. Prospective buyers should also verify the 916 gold rate in Kanpur before deciding to invest in gold jewellery.

1 Gram Gold Price in Kanpur: How is it Calculated?

Understanding gold prices and calculation methods is crucial in Kanpur. Primarily, there are two approaches to valuing 1 gram of gold in Kanpur.

The Purity Method (Percentage): Gold value = (Gold purity x weight x gold content) / 24

The Karat Method: Gold Value = (Gold purity x weight x gold) / 100

These methods are not only helpful in buying and selling gold, but also play a role in valuing gold loans in Kanpur. In addition to these considerations, factors such as the purity of the gold, its demand and supply, and the current trends influence the 916 gold rates in Kanpur for jewellery making.

Reasons Why Gold Rates Differ Between Kanpur and Other Cities

The gold rate per gram in Kanpur differs from that in other cities, due to factors such as taxes, transportation costs, purity levels, and local demand and supply. Notably, logistics and transportation expenses play a significant role in determining its price across cities. Moreover, external conditions also have a strong impact on its price. Residents must take these factors into account when evaluating the gold rate per gram in Kanpur, acknowledging the city-specific dynamics that shape the pricing structure.

Gold Rates in Kanpur FAQs

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