In India, the gold commodity is purchased by almost every household as it is deemed prestigious. Most households buy gold jewellery and use it for auspicious or religious purposes. Like other Indian cities, Pune also regularly witnesses a high demand for gold. However, buying gold will entirely depend on the gold rate today in Pune. The gold rate in Pune for 22 carat and 24 carat fluctuates regularly based on numerous external factors, making it vital for the citizens of Pune to analyse the daily rate of gold before buying to get the best value for their money. Here are the current latest gold price in Pune:
Gold Price in Pune for 22K and 24K Gold Purities
22 Carat Gold Rate in Pune - (Today & Yesterday)
If you're planning for gold investment, check and compare 22 carat gold rate in Pune. Consider taking look at the following information given below:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 6,241 | ₹ 6,250 | ₹ -9 |
| Gold rate for 10 gram | ₹ 62,408 | ₹ 62,496 | ₹ -88 |
| Gold rate for 12 gram | ₹ 74,890 | ₹ 74,995 | ₹ -106 |
24 Carat Gold Rate in Pune - (Today & Yesterday)
Now you can compare the 24K gold rate per gram in Pune. Check the following table as given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 6,813 | ₹ 6,823 | ₹ -10 |
| Gold rate for 10 gram | ₹ 68,131 | ₹ 68,227 | ₹ -96 |
| Gold rate for 12 gram | ₹ 81,757 | ₹ 81,872 | ₹ -115 |
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 Pune For The Last 10 Days
It is a common problem for buyers in Pune to choose a day to get the best gold price to buy gold articles. However, similar to other Indian cities, the gold rate today in Pune fluctuates daily, resulting in different prices for a buyer willing to buy gold. Based on these fluctuations, a buyer of gold in Pune may have to pay more for the gold one day compared to other days when the price of gold is lower.
Hence, it is important to analyse the gold rate for the last ten days to understand the price pattern for the gold. This price pattern allows buyers to assume the price direction of gold in the future and choose an ideal time to buy gold.
A detailed table containing both 22k gold rate in Pune and 24k gold rate in Pune for the last ten days is listed below.
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 26 Jul, 2024 | ₹ 6,240 | ₹ 6,813 |
| 25 Jul, 2024 | ₹ 6,249 | ₹ 6,822 |
| 24 Jul, 2024 | ₹ 6,334 | ₹ 6,915 |
| 23 Jul, 2024 | ₹ 6,375 | ₹ 6,960 |
| 22 Jul, 2024 | ₹ 6,706 | ₹ 7,321 |
| 19 Jul, 2024 | ₹ 6,708 | ₹ 7,324 |
| 18 Jul, 2024 | ₹ 6,776 | ₹ 7,397 |
| 16 Jul, 2024 | ₹ 6,717 | ₹ 7,333 |
| 15 Jul, 2024 | ₹ 6,680 | ₹ 7,293 |
| 12 Jul, 2024 | ₹ 6,656 | ₹ 7,266 |
Monthly and Weekly Trends of Gold Rate in Pune
The gold rate keeps changing based on the demand and supply factors of gold in Pune. Since these factors are dynamic and change regularly, the historical gold prices over time can help you understand the trend over the past week and month. Hence, you can determine the monthly and weekly trends of the current gold price in Pune by analysing the gold prices of the past month and week.
Gold Price Calculator in Pune
Gold value: ₹ 6,240.80
Gold Rate in Pune For Different Purities
Physical gold and its resulting articles are not the same and differ in their purity. The difference in purity significantly affects the price of the resulting articles and influences the final price of gold for buyers in Pune.
Gold has different purities, such as 14-carat gold, 18-carat, 20-carat, 22-carat, and 24-carat. Based on the difference in purity, the price of gold also differs. For example, you may witness that the 22k gold rate in Pune differs from the 24-carat gold rate in Pune, making it important to analyse the different gold rates for various purities.
What is the Current Gold Rate Trend in Pune?
Buyers of gold can determine the trend through the current gold rate in Pune and then comparing it with the past prices of gold in Pune. This analysis will allow you to grasp the current price direction and determine the pattern of trends in the gold rate. However, similar to other cities, the demand for gold in Pune can increase.
Monthly And Weekly Trends of Gold Rate in Pune
The gold rate keeps changing based on the demand and supply factors of gold in Pune. Since these factors are dynamic and change regularly, the historical gold prices over time can help you understand the trend over the past week and month. Hence, you can determine the monthly and weekly trends of the current gold price in Pune by analysing the gold prices of the past month and week.
Importance of Checking Gold Rate Today in Pune Before Buying
Buyers in Pune constantly witness a change in the gold rate, which may result in them paying different prices for the same value of gold on two separate days. Therefore, it is essential for buyers of gold to constantly monitor the gold rate to ensure they buy or sell the gold when the prices are favourable.
Factors That Affect The Gold Price in Pune
The gold prices in Pune fluctuate daily as the domestic gold prices change constantly. However, they are unaware of the factors responsible for regular fluctuations in gold prices. If you are in Pune and want to purchase gold, you must understand in detail these affecting factors. Here are the factors that affect the prices of gold in Pune:
- Demand and Supply: One of the most significant factors in the gold price change in Pune is the demand and supply. If the demand for gold is higher than the supply in Pune, the gold price will rise. On the other hand, the gold price will fall if the market is lower than the supply.
- Economic Situation: People consider gold a safe investment to hedge against negative economic factors such as inflation. If the economic situation in India is negative, gold may see higher demand, affecting its price in the domestic market.
- Interest Rates: The prevailing interest rates are another factor that affects the gold price in Pune as they have an inverse relationship with the domestic gold prices. If the interest rates increase, there is a heavy sell-off of gold, increasing supply. People prefer to buy gold when the interest rates decrease, increasing the demand.
1 Gram Gold Price in Pune: How is it Calculated?
While understanding the gold prices and all the affecting factors, it is important to learn about the method used to calculate the 1 gram gold price in Pune. It can allow you to identify the best prices for gold before making a purchase. Listed below are the two methods to calculate the gold price and their formulas:
- Purity Method (Percentage):Gold value = (Gold’s purity x weight x gold rate) / 24
- Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100
You can also calculate the rate of gold in Pune based on external factors such as the purity of the gold articles, demand and supply in Pune, and the current trend. Apart from buying and selling gold in Pune, you can also use these methods to know its value before applying for a gold loan.
Reasons Why Gold Rates Differ Between Pune and Other Cities
There are numerous factors listed above that change the gold price in India. However, as many of these factors are domestic, they result in different gold prices in Indian cities. For example, the gold rate will differ from the gold rate in other Indian cities. Here are the reasons why the gold rate differs within India:
- Margin:The jewellers in Pune may levy a margin over the import price of gold from international markets. As this margin varies, the gold price differs in Pune from other Indian cities.
- Imports: The value of imports is an affecting factor that influences the gold rate. Depending on the demand, the imports are executed in Pune, which differs from other cities, creating a price change.
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