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Gold Rate/Price in Nagpur Today

Gold Buying Price Today Nagpur - Find Nagpur Gold Selling and Buying Price Today include 1gm gold rate, 8gram gold rate, 22 carat gold and 24 carat gold at liccalculatorpremium.com.

Date
Standard Gold (22 K)
Pure Gold (24 K)
1 gram
8 grams
1 gram
8 grams
09 Feb 2018
₹ 2,944
₹ 23,552
₹ 3,091
₹ 24,728
08 Feb 2018
₹ 2,976
₹ 23,808
₹ 3,125
₹ 25,000
07 Feb 2018
₹ 2,998
₹ 23,984
₹ 3,148
₹ 25,184
06 Feb 2018
₹ 2,976
₹ 23,808
₹ 3,125
₹ 25,000
05 Feb 2018
₹ 2,998
₹ 23,984
₹ 3,148
₹ 25,184
04 Feb 2018
₹ 2,998
₹ 23,984
₹ 3,148
₹ 25,184
03 Feb 2018
₹ 2,998
₹ 23,984
₹ 3,148
₹ 25,184
02 Feb 2018
₹ 2,979
₹ 23,832
₹ 3,128
₹ 25,024
01 Feb 2018
₹ 2,979
₹ 23,832
₹ 3,128
₹ 25,024
31 Jan 2018
₹ 2,972
₹ 23,776
₹ 3,121
₹ 24,968

*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

Investing in gold in India, to the average Indian, means purchasing gold jewelry and/or ornaments. At least this is what it is in the traditional sense, but a new wave of information and awareness is bringing India to the forefront of investments in gold as a tradable commodity. In Nagpur, second capital of Maharashtra, the perception of gold is changing from jewelry to high-valued investment option.

Investing in Gold in Nagpur – types and options available

Gold coins – After gold jewelry and ornaments, gold coins are the most common type of gold that’s purchased as an investment (especially in India). Gold coins are available in various weights like 1 gram, 2 grams, 5 grams, 10 grams, etc. and represent smaller investments than, say, gold bullion. Your investments will be subject to the same market factors that affect the price of all types of gold, but your risk will be significantly lesser as the denominations are lower, and coins can be purchased at any time during the year. Purchasing a few coins a month of a standard weight can be used to average out the gold price you’ve paid as the average gold price in India in that particular year. Gold coins are easy to acquire and provide a way for low and medium income groups to invest in gold as a commodity.

Gold bullion – Standard-sized pieces of gold, gold bars (like in the movies) and gold tablets fall under the definition of gold bullion. Gold bullion is bought primarily as an investable commodity, in larger quantities, from a certified authority. It is generally traded in weightages over 500 grams, the most common being 1 kilo. Gold bullion also facilitates international gold trading and is one of the most common ways in which gold is transferred overseas, apart from gold ownership certificates. Most types of gold bullion are internationally tradable.

Jewelry and Ornaments – are bought and sold in India at the drop of a hat, for weddings, naming ceremonies, festivals, etc. and are the most common form of gold in the country. It should be noted that when gold is shaped into ornaments and jewelry, it is sometimes mixed with an alloy to allow for greater malleability, which results in the loss of some purity. Gold in this form has utility as a gift, a daily use item and also as a means of preserving the asset value, should the need arise to sell it.

It’s very important to read up on the factors that affect the gold rate, such as the strength of the US Dollar, demand versus supply, international currency movements, etc. before deciding on the right time to invest. Investing and trading in gold is an activity centered on the right timing.

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