Gold Rate Today in Rajasthan _{Last Updated : 27 Nov 2022}

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Todays Gold Price in Rajasthan

Rajasthan is India’s largest state by area and its name literally translates to the ‘Land of Kings’, and kings in the olden days were always known for their wealth and grandeur amongst other things. Kings aside, the state of Rajasthan accounts for a good amount of gold purchases in the country owing to its rich cultural heritage. With a population of almost 75 million people, the state continues to increase its gold sales on a regular basis.

The primary demand for gold price today in Rajasthan comes by means of jewellery, gold coins, gold bars, gold funds, gold ETFs and E-Gold. Rajasthan is also home to several festivals, and gold is an auspicious element during these times, which indicates the need of the people to make purchases on a consistent basis.

Trend of Gold Rate in Rajasthan for October 2022

September 2022 Gold Rate in Rajasthan

Trend of Monthly Gold Rate in Rajasthan for September 2022

• Gold prices in Rajasthan on the first day of September were Rs.4,983 per gram. The prices of the yellow metal fluctuated throughout the month.
• The highest price for the month was Rs.5,010 per gram on 6 September. Gold prices in Rajasthan recorded their lowest price point for the month on 27 September when a gram was being traded for Rs.4,930.
• The price of gold on the last day of the month was Rs.4,983 per gram in Rajasthan.

August 2022 Gold Rate in Rajasthan

Trend of Monthly Gold Rate in Rajasthan for August 2022

• In August, the price of gold in Rajasthan opened at Rs.5,044 per gram. By the end of the month, gold rates jumped and closed at Rs.5,052 for a gram.
• The lowest price that the yellow metal touched was Rs.5,023 per gram on 23 August, while the highest price was Rs.5,144 for a gram on 14 August and 15 August.
• Gold prices jumped by 0.15% over the month of August in Rajasthan.

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Gold Investment Avenues in Rajasthan

In addition to its cultural importance, gold is also among the most preferred investment tools in Rajasthan. It can be bought in various forms to suit the investment needs of an individual.

Market trade: ETFs (Exchange Traded Funds), E-Gold and future contracts present some of the best trading opportunities for those who intend on purchasing gold. ETFs are the safest options as they provide healthy returns while allowing the owner to trade it on the Mumbai Stock Exchange. Future contracts are a great option for investors who are looking to stay safe amidst market fluctuations as they can claim possession of the gold on a prearranged date. E-Gold, on the other hand, can be bought and sold via the National Spot Exchange Limited and buyers can choose whether they want to physically own their purchase or just reinvest it at a later date without taking possession.

Over-the-counter: Jewellery, coins and bullions are the most preferred options among gold investors in Rajasthan. Gold coins and bullions are available with several dealers and banks in the state and local prices are often dictated by international rates. Investors usually tend to make purchases from local dealers instead of approaching banks as the prices charged by banks are slightly higher owing to quality assurance. In any case, potential investors in Rajasthan have no shortage of options when it comes to purchasing gold.

FAQs on Gold rate in Rajasthan

1. Are the gold rates the same all over India?

   No, the gold prices vary from state to state.

2. How to check gold?

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

3. Will the gold rate in Rajasthan increase or decrease?

   In Rajasthan, the gold rates depend on numerous factors like demand, inflation, interest rates, currency fluctuations, government policies, and more.

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

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

5. What is the difference between 22 karat gold and 24 karat gold?

   The 24 karat gold indicates the purest kind of gold. This type of gold is not preferred to make jewellery since it is soft and malleable. The 22 karat gold is a mixture of metals like copper and zinc which makes it suitable for making jewellery.

6. Which gold is the most expensive?

   The 24 karat gold is the most expensive kind of gold.

7. Should I buy 22 karat gold or 24 karat gold?

   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.

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