Gold Rate in Meghalaya Today Last Updated : 03 Oct 2022

  • Today's Gold Rate in Meghalaya (03 Oct 2022)

    ₹ 4,775
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate in Meghalaya (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 4,775 ₹ 4,790 ₹ -15 ↓
    Standard Gold (22 K) (8 grams) ₹ 38,200 ₹ 38,320 ₹ -120 ↓
    Pure Gold (24 K) (1 gram) ₹ 5,014 ₹ 5,030 ₹ -16 ↓
    Pure Gold (24 K) (8 grams) ₹ 40,112 ₹ 40,240 ₹ -128 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    02 Oct 2022 ₹ 4,775 ₹ 38,200 ₹ 5,014 ₹ 40,112
    01 Oct 2022 ₹ 4,790 ₹ 38,320 ₹ 5,030 ₹ 40,240
    30 Sep 2022 ₹ 4,775 ₹ 38,200 ₹ 5,014 ₹ 40,112
    29 Sep 2022 ₹ 4,795 ₹ 38,360 ₹ 5,035 ₹ 40,280
    28 Sep 2022 ₹ 4,715 ₹ 37,720 ₹ 4,951 ₹ 39,608
    27 Sep 2022 ₹ 4,695 ₹ 37,560 ₹ 4,930 ₹ 39,440
    26 Sep 2022 ₹ 4,745 ₹ 37,960 ₹ 4,982 ₹ 39,856
    25 Sep 2022 ₹ 4,745 ₹ 37,960 ₹ 4,982 ₹ 39,856
    24 Sep 2022 ₹ 4,755 ₹ 38,040 ₹ 4,993 ₹ 39,944
    23 Sep 2022 ₹ 4,805 ₹ 38,440 ₹ 5,045 ₹ 40,360

    Weekly & Monthly Graph of Gold Rate in Meghalaya

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    Gold is one of the most sought-after liquid assets that comes useful during a financial crisis. The value of this precious metal has increased substantially throughout the years. Indians have a special affinity for gold and it is usually bought during auspicious occasions. In Meghalaya, gold prices depend on several factors like demand and supply, interest rates, inflation, government policies, currency fluctuations, etc.

    How to Invest in Gold in India

    In Meghalaya, gold is traditionally invested in the form of jewellery, coins, and bars. However, new channels of investment in gold have recently opened up and this has provided investors with new ways to trade gold. Here are some of the most popular options if you want to invest in gold for a long term:

    1. Gold coins, bars, and biscuits: You can invest in gold in the form of gold coins, bars, and biscuits. Gold coins can be purchased from a bank or a certified jewellery dealer in various weights.
    2. Gold mutual funds: You can invest in mutual funds, such as a fund of funds (FOF) that holds units in other gold-related funds. Alternatively, you can invest in a fund that owns stocks of gold firms that are listed on worldwide stock markets.
    3. Gold ETFs: You can invest in gold by purchasing Exchange Traded Funds (ETFs). Gold ETFs are easy to purchase and sell since they are traded on the stock exchange. The risk of theft is eliminated because these are held in electronic form.

    How Does Inflation Impact Gold Price in India

    It should be noted that inflation has a significant influence on gold prices in India. For instance, if inflation rises, so do interest rates. Gold prices tend to decline when interest rates rise. This is because consumers and investors are hurrying to sell gold and acquire fixed-income government securities. Therefore, you must be cautious when investing in gold.

    If you are planning to invest in substantial amounts gold, you should consult with your local jewellery and other experts. The crucial thing to remember is that interest rates in the United States are what matter in the international gold markets. When these interest rates rise, gold prices in India also increase.

    FAQs on Gold rate in Meghalaya

    1. What are the factors that influence the gold prices in Meghalaya?

      In Meghalaya, the prices of gold depend on various factors like demand, inflation, interest rates, currency fluctuations, government policies, etc.

    2. What to check while buying gold in Meghalaya?

      The purity of gold is determined by a process called Hallmarking. So, when you are buying gold, make sure to check the hallmarking, Bureau of Indian Standards (BIS) logo, Jewellers' Identification Mark and Number.

    3. What are the different ways I can invest in gold in Meghalaya?

      The various forms of gold investment are physical gold, gold mutual funds, digital gold, gold ETFs, sovereign gold bonds, etc.

    4. What is 24 karat gold in Meghalaya?

      24 karat gold is 99.9% pure and is also known as pure gold since it has no traces of other metals. It is appropriate for investment purposes but not for jewellery since it is too soft and pliable.

    5. Do I have to pay any GST on gold in Meghalaya?

      Yes. You have to pay a GST of 3% on gold.

    6. Should I buy 22 karat gold or 24 karat gold in Meghalaya?

      Every piece of gold jewellery is made of 22 karat gold. If you wish to buy 24 karat gold, gold bars and biscuits are the ideal options.

    Read More on Gold

    Gold Rate In Metro Cities
    Gold Rate In Other Capitals
    Gold Rate In Other Major Cities
    Gold Rate In States
    Bank Gold Schemes

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