Gold Rate In Jamshedpur

  • Today's Gold Rate in Jamshedpur (09 Dec 2022)

    ₹ 5,110
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Jamshedpur (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,110 ₹ 5,085 ₹ 25 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,880 ₹ 40,680 ₹ 200 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,366 ₹ 5,339 ₹ 27 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,928 ₹ 42,712 ₹ 216 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    09 Dec 2022 ₹ 5,110 ₹ 40,880 ₹ 5,366 ₹ 42,928
    08 Dec 2022 ₹ 5,085 ₹ 40,680 ₹ 5,339 ₹ 42,712
    07 Dec 2022 ₹ 5,085 ₹ 40,680 ₹ 5,339 ₹ 42,712
    06 Dec 2022 ₹ 5,065 ₹ 40,520 ₹ 5,318 ₹ 42,544
    05 Dec 2022 ₹ 5,095 ₹ 40,760 ₹ 5,350 ₹ 42,800
    04 Dec 2022 ₹ 5,080 ₹ 40,640 ₹ 5,334 ₹ 42,672
    03 Dec 2022 ₹ 5,080 ₹ 40,640 ₹ 5,334 ₹ 42,672
    02 Dec 2022 ₹ 5,060 ₹ 40,480 ₹ 5,313 ₹ 42,504
    01 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    30 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920

    Weekly & Monthly Graph of Gold Rate in Jamshedpur (1 gram)

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    • 6 Months

    *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.

    Jamshedpur is the district headquarters of Purbi Singhbhum district in Jharkhand. The city, when it was founded by Jamshedji Tata, was known as Sakchi or Kalimati. It was renamed in 1919 as Jamshedpur by Lord Chemsford, the Viceroy of India from 1916 to 1921. Jamshedji Tata set up India’s first iron and steel plant in the city in 1908. This planned city was built with a vision of providing not only accommodation but all basic amenities, infrastructure, religious and leisure spots and green cover.

    Jamshedpur, a completely industrial city, is rich in minerals such as iron ore, coal, manganese bauxite and lime. In fact, the Geological Survey of India is looking for gold, platinum and other rare earth mineral deposits in the Singhbhum region that includes Jamshedpur. The major industries in the city are iron and steel, cement, tinplate manufacturing, truck production, and other related works.

    Know - Gold Rate in India

    Today's Gold prices in Jamshedpur

    Gold rates depend on the basics of demand and supply, but with gold, the demand often stays stable despite higher prices. Gold demand generally peaks during the wedding season – which is most of the year except during the monsoon.

    Gold is generally traded in the form 24-karat (99.9% purity) and 22-karat (91.6% purity), though 20-karat, 18-karat and 14-karat gold jewellery is also in vogue. An average consumer, however, never buys 24-karat pure gold unless in the form of investments such as gold coins or bars, or e-gold and gold bonds.

    Gold Rate Trend in Jamshedpur from July 2022 to September 2022

    Factor July August September
    1st Day Rs.5,128 per gram Rs.5,044 per gram Rs.4,983 per gram
    Last Day Rs.5,065 per gram Rs.5,052 per gram Rs.4,983 per gram
    Highest Price Rs.5,160 per gram on 5 July Rs.5,144 per gram on 14 August and 15 August Rs.5,010 per gram on 6 September
    Lowest Price Rs.4,965 per gram on 18 July Rs.5,023 per gram on 23 August Rs.4,889 per gram on 27 September
    Trend Decline Incline Stable
    Change -1.24% 0.15% -

    Gold Rate Trend in Jamshedpur from April 2022 to June 2022

    Factor April May June
    1st Day Rs.5,192 per gram Rs.5,255 per gram Rs.5,161 per gram
    Last Day Rs.5,255 per gram Rs.5,187 per gram Rs.5,072 per gram
    Highest Price Rs.5,397 per gram on 18 April and 19 April Rs.5,255 per gram on 1 May Rs.5,261 per gram on 13 June
    Lowest Price Rs.5,161 per gram on 4 April, 5 April, and 6 April Rs.5,003 per gram on 18 May Rs.5,072 per gram on 30 June
    Trend Incline Decline Decline
    Change 1.21% -1.29% -1.72%

    Quarterly Gold Rate in Jamshedpur from April 2022 to June 2022

    • On 1 April 2022, the price of gold in Jamshedpur was Rs.5,192 per gram. Gold rates jumped by the end of the month and closed at Rs.5,255 for a gram. Gold prices jumped by 1.21% over the course of the month in Jamshedpur.
    • In Jamshedpur, the month of May opened with gold price standing at the rate of Rs.5,255 per gram. Gold prices in Jamshedpur recorded the lowest for the month on 18 May when a gram of the 24-karat gold was being traded for Rs.5,033. Gold reached its highest price point of Rs.5,255 per gram on 1 May. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 1.29%.
    • In Jamshedpur, the month of June opened with gold price standing at the rate of Rs.5,161 per gram. Gold prices in Jamshedpur recorded the lowest for the month on 30 June when a gram of the 24-karat gold was being traded for Rs.5,072. Gold reached its highest price point of Rs.5,261 per gram on 13 June. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 1.72%.

    Find Today's Gold Price in Top Metro Cities

    Gold demand in Jamshedpur

    Gold is not merely a matter of investment for Indians. We use gold for gifting, to indicate social status, to maintain social prestige, and for auspicious and special occasions. Even the poor save money in bits to buy gold at some point in their lives. Weddings where the bride is not sparkling with gold jewellery is almost unheard of in the country. And all this jewellery is not always lying idle – we also use it as security to get loans, and if times are hard, we sell it off at the best prices.

    The high number of jewellery shops in Jamshedpur indicate that the demand for the precious metal is quite high in the city. National brands such as Tanishq, Tribhovandas Bhimji Zaveri, PC Chandra Jewellers and Reliance Jewels have their showrooms in Jamshedpur.

    Gold investment in Jamshedpur

    Gold is a safe haven for investment as it can act as a hedge to inflation. Rising gold prices make it an attractive investment with a high resale value. Following the trend of gold investment across the country, people in Jamshedpur buy gold in two main forms:

    Physical gold: The most common form of investment in gold is to buy ornaments and gift articles. There are several jewellery shops and showrooms in Jamshedpur to cater to this demand. People looking at gold merely as investment also buy gold coins and bars. This is available at banks and other authorised financial institutions.

    Market trade: People who do not want to buy gold in the form of jewellery can opt for paper gold and bonds. This investment option is not very popular in India currently, but many people are experimenting with this. The options available are: Sovereign Gold Bonds, Gold Exchange Traded Funds and e-gold. Gold Monetisation Scheme is also available to those who want to put their unutilised gold ornaments and coins to a profitable use.

    FAQs on Gold rate in Jamshedpur

    1. Where should I buy gold in Jamshedpur?

      In Jamshedpur, you can buy gold from any reputed jeweller. You can conisder buying gold from one of the many branded jewellers or even buy it from small jewellers. However, you have to make sure that the gold that you are getting is hallmarked and has proper authentication and paperwork done.

    2. What are the factors that determine the price of gold in Jamshedpur?

      The price of gold is dependent on a number of factors such as the demand, rates of interest, international political conditions, condition of the stock markets, government policies, and so on.

    3. What is 24 karat and 22 karat gold in Jamshedpur?

      Karat is the unit used to determine the purity of gold. 24 karat is pure gold and does not contain any impurity. It is mainly used for gold coins, bars, electronic, and medical devices. 22 karat gold, on the other hand, is an alloy wherein 91.67% is gold and the remaining is a mixture of metals like zinc, silver, nickel, etc. These impurities in the 22 karat gold make the metal stronger allowing it to be used for making jewellery.

    4. Will the gold price keep changing in Jamshedpur?

      Yes, the gold price in Jamshedpur will keep changing. The gold prices change on the basis of the fluctuations in the market, government tariffs and duties, etc.

    5. How many grams in one tola gold in Jamshedpur?

      Tola is a Hindi term used to measure gold. One tola gold is equivalent to 10 grams of gold.

    6. When should I buy gold in Jamshedpur?

      It is recommended you purchase gold only when you need it. It is important you check the performance of the yellow metal in both domestic and global markets, interest rates, government policy with regards to purchasing of gold, and the price of 10 grams of 22-karat and 24-karat gold before making the purchase.

    7. What are some of the brands from whom I can purchase gold in Jamshedpur?

      Some of the brands through which you can purchase gold from are PC Chandra Jewellers, Tanishq, TBZ, Kalyan Jewellers, , Malabar Gold and Diamond, etc.

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