Everywhere in India, gold is desired as a precious asset for cultural, religious, auspicious and personal reasons. While essentially used for consumption, the same also serves as a hedge against adverse economic conditions. Gold retains purchasing power in inflationary times, and so is a reliable store of value.

Speaking of its use as a consumption commodity for making jewellery, Nagpur is a major market for gold. Customers looking to buy gold should consider today’s gold rate in Nagpur before making their purchase. As is known, 22 carat gold is used to make jewellery and those desirous of owning gold with higher purity for investment purposes, customers can opt for 24 carat gold.

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

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

If you're planning for gold investment, check and compare the 22 carat gold rate in Nagpur. 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 Nagpur - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Nagpur. 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 Nagpur For The Last 10 Days

As an international commodity, gold experiences price fluctuations, and individual preferences and local factors strongly affect its price, too. This, in turn, impacts the demand from final consumers. As a result of so many factors at work, it becomes difficult for a customer in Nagpur to pick a day to purchase gold. In such cases, a customer can benefit by observing the trend in the prices of gold for 22K and 24K purity. By knowing the gold price in Nagpur today, the customer can decide about the purchase. 

The table below indicates the prices of gold for 22K and 24K purity in Nagpur for the past 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 Nagpur

As a commodity, the gold rate exhibits considerable fluctuations. A look at the monthly and weekly trends in the gold rate today for 22K in Nagpur aids well-informed decision-making. Many sources provide information on the gold rate in Nagpur. These sources can be offline, such as print media, boards outside jewellery shops and online sources, such as websites of research houses, advisories and other sources.

Gold Price Calculator in Nagpur

Gold should be minimum 0.1 grams

Gold value: ₹ 6,656.00

What is the Current Gold Rate Trend in Nagpur?

An emerging metropolis of Maharashtra and the main centre of commerce in Vidarbha, Nagpur is also home to the regional office of the Reserve Bank of India. Incidentally, one of its branches holds most of India’s gold assets. Sitabuldi market in central Nagpur is the major commercial area. Tiwari and Mahal also have small businesses. Beriberi Industrial area is the largest in Asia in terms of area.

A buzzing centre of commercial activity bodes well for its citizens. A desire to upgrade one’s life stokes the demand for gold, leading to a steady rise in the current gold rate in Nagpur for two of the most preferred gold purities.

Importance of Checking Gold Rate Today in Nagpur Before Buying

Gold prices respond to external and internal developments. At times, they can be very volatile and fluctuate heavily. By knowing what is the gold rate today in Nagpur, one can consider their purchase decision as a significantly high price could be the result of a price shock. Before making a purchase, it helps to observe the direction of the prices, while keeping a track of the developments.

Factors that Affect the Gold Prices in Nagpur

As a commodity, gold experiences many changes in its price in Nagpur. There are external factors such as the global production of gold and its demand and supply, economic and political conditions, and fluctuations in exchange rates. Also the influence of state taxes, octroi, national and local bullion associations, the availability with prominent jewellers, RBI's gold reserve, inflation, and the central bank’s monetary policies contribute to the dynamics of gold prices in Nagpur. Resultantly, today's gold rate in Nagpur for 22 carats may differ from yesterday’s, and will be different tomorrow again.

How is Gold’s purity determined?

Gold in India comes in several ‘karat’ or purity options, like 24K, 22K, and 18K. 24K is the purest. In India, the karat scale ranges from 1 to 24, where 24K is the purest form of gold. Carat, too, means purity, and the usage of ‘karat’ or ‘carat’ depends on the country. The Bureau of Indian Standards (BIS) assesses gold’s purity through a hallmarking system, which determines today’s gold rate in Nagpur per gram. Dealers and the laboratory evaluating the gold must display their hallmark symbol of purity on all gold products and their logo, respectively. All gold buyers must verify the 916 gold rate in Nagpur.

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

Residents of Nagpur can benefit from knowing the calculation of the price of 1 gram of gold. Knowing the 916 gold rate in Nagpur or the rate for 1 gram of 22K gold in Nagpur is particularly useful. Gold with this purity is used to make jewellery There are two approaches to calculating the price of gold. They are as follows:

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

and

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

Reasons Why Gold Rates Differ Between Nagpur and Other Cities

Gold prices result from many factors such as the overall production, demand for it, external and internal factors and especially the local taxes and tariffs. Hence, even with a standard GST rate of 3% and making charges of 5%, gold rate per gram in Nagpur differs in Nagpur and other cities.

Gold Rates in Nagpur FAQs

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