Gold Rate in Ranchi Today

  • Today's Gold Rate in Ranchi (07 Oct 2022)

    ₹ 4,930
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 4,930 ₹ 4,920 ₹ 10 ↑
    Standard Gold (22 K) (8 grams) ₹ 39,440 ₹ 39,360 ₹ 80 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,177 ₹ 5,166 ₹ 11 ↑
    Pure Gold (24 K) (8 grams) ₹ 41,416 ₹ 41,328 ₹ 88 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    07 Oct 2022 ₹ 4,930 ₹ 39,440 ₹ 5,177 ₹ 41,416
    06 Oct 2022 ₹ 4,920 ₹ 39,360 ₹ 5,166 ₹ 41,328
    05 Oct 2022 ₹ 4,940 ₹ 39,520 ₹ 5,187 ₹ 41,496
    04 Oct 2022 ₹ 4,880 ₹ 39,040 ₹ 5,124 ₹ 40,992
    03 Oct 2022 ₹ 4,810 ₹ 38,480 ₹ 5,051 ₹ 40,408
    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

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

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    *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.

    Today's Gold Price in Ranchi

    Ranchi, the capital of Jharkhand, is among the top destinations for buying gold in Eastern India. The city has a rich history with gold and has a good demand for the yellow metal. Being the most populated city in Jharkhand, gold rate in Ranchi can be taken as a benchmark for gold rates in the whole state. Gold rate in Ranchi is affected by various national and international factors.

    Gold is sold by numerous dealers and traders in the city. The city boasts of a well-established gold market and as such customers usually get a lot of options to choose from. The city is also a centre of local commercial activity and therefore a large number of customers both from urban and rural localities prefer shopping for gold in Ranchi.

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    Gold Rate Trend in Ranchi 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 Ranchi from April 2022 to June 2022

    • In Ranchi, the month of April opened with gold price standing at the rate of Rs.5,192 per gram. Gold prices in Ranchi recorded the lowest for the month on 4, 5, & 6 April when a gram of the 24-karat gold was being traded for Rs.5,161. Gold reached its highest price point of Rs.5,397 per gram on 18 & 19 April. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 1.21%.
    • In Ranchi, the month of May opened with gold price standing at the rate of Rs.5,255 per gram. Gold prices in Ranchi 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 Ranchi, the month of June opened with gold price standing at the rate of Rs.5,161 per gram. Gold prices in Ranchi 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%.

    Gold Rate Trend in Ranchi from January 2022 to March 2022 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,956 per gram Rs.4,898 per gram Rs.5,087 per gram
    Last Day Rs.4,898 per gram Rs.5,051 per gram Rs.5,161 per gram
    Highest Price Rs.5,003 per gram on 26 January Rs.5,166 per gram on 24 February Rs.5,465 per gram on 9 March
    Lowest Price Rs.4,856 per gram on 10 January Rs.4,898 per gram on 1, and 2 February Rs.5,087 per gram on 1 March
    Trend Decline Incline Incline
    Change 1.17% 3.12% 1.45%

    Quarterly Gold Rate in Ranchi from January 2022 to March 2022

    • In Ranchi, gold prices in January opened at Rs.4,956 per gram. Over the month, the prices fluctuated and settled at Rs.4,898 per gram by 31 January 2022. Overall, the performance of gold in Ranchi was one of decline with a percentage change of 1.17%.
    • In February, gold rates opened at Rs.4,898 per gram. Gold reached its highest price point of Rs.5,166 per gram on 24 February. The performance of gold saw an upward trend with a percentage change of 3.12%.
    • Gold rates in March opened at Rs.5,087 per gram. The month ended with the metal reaching Rs.5,161 per gram. The gold performance in Ranchi jumped by 1.45% over the course of the month.

    FAQs on Gold Rate in Ranchi

    1. How is the purity of Ranchi gold measured?

      The purity of gold is measured in carats. 24 carat gold is the purest form of gold with 99.9% purity level.

    2. How to buy Digital Gold in Ranchi?

      You can buy Digital Gold in Ranchi through various apps and websites that are available over the internet.

    3. Which gold is used to make jewellery in Ranchi?

      Generally jewellers prefer 22 and lower carats of gold to make jewellery as 24 carat gold is brittle in its purest form and can be broken if used to make jewellery.

    4. What are the factors that influence the Today Gold rate in Ranchi?

      Various factors like Inflation, movement of international gold prices, RBI gold reserve, etc tend to influence the today gold rate in Ranchi.

    5. When should I buy gold in Ranchi?

      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.

    6. Did the Russia-Ukraine war affect the cost of Gold in Ranchi?

      Yes, the price of gold both domestically and globally were affected due to the war between Russia and Ukraine. The price of gold was seen going up many times when the price of oil and US dollars went down.

    7. Why do investors invest in Ranchi Gold if the prices of US dollars and oil fall?

      Gold is considered to be a safe haven and less volatile in nature. Hence, when the price of US dollar and oil is impacted negatively, the investors in order to make profit turns toward investing in gold.

    Find Today's Gold Price in Top Metro Cities

    Gold buying patterns in Ranchi

    Gold is sold throughout the city in a number of jewellery and dealer outlets.

    Over the counter: Gold is popularly sold as jewelleries and ornaments in the city of Ranchi. The city has a rich culture and people throng to buy gold jewelleries during festival or marriage seasons. Other than jewelleries, gold is also sold as bullions and coins in the city, with bullions being a cheaper option though they are only available for larger quantities of gold.

    Traded gold: Gold is traded by the people of Ranchi through spot and future contracts. Spot contracts are available on a real time basis and purchased gold is usually delivered within a week. Futures contract is sold for a future delivery date.

    Also Check Gold Price in NearBy Cities of Ranchi

    Read More on Gold

    News About Gold rate in Ranchi

    • You Might Want to Stop Investing in Gold Savings Schemes For a While After Reading This

      The India Bullion & Jewellers Association recently stated that in February this year, the Union Cabinet approved a bill banning the unregulated deposit scheme as many cases of deposit scheme fraud was deducted. One has to figure out if gold saving schemes offered by leading jewellers in the country falls under the Ponzi Scheme category and if it will be banned too.

      The India Bullion & Jewellers Association has asked all their members to take note of this bill and take measures before this bill is enforced as law. Meanwhile, many jewellers who are members of All India Gem & Jewellery Trade Federation have currently stopped enrolling their customers in the 11-month gold saving schemes until the Union Cabinet sheds some clarity on this matter. So, if you have an existing gold savings scheme, talk to your jeweller about it. If you are planning to apply for one, it is better to pause it till this issue is clarified.

      7 March 2018

    • Gold rates remain flat amid outlook for faster Fed rate hikes

      With investors cautious after the US Federal

      Reserve Chairman Jerome Powell’s comments to increase interest rates more than expected during the year, gold rates remained nearly unchanged following a decline of more than 1% in the previous session. The US dollar index also recorded its highest in near-three weeks and gained against a basket of other emerging currencies. During the congressional testimony, Jerome Powell indicated that the Federal Reserve may raise the number of interest rate hikes from three to four during the year.

      In the Asian markets, equities dropped significantly after poor macroeconomic manufacturing data added worries to the negative sentiments after the Fed chairman’s speech.

      28 February 2018

    • Gold Down to Rs. 29,226 After US Announces Strong Manufacturing Figures

      Gold rates on the Multi Commodity Exchange fell by 0.97 percent to Rs. 29,226, after rising on Tuesday. The precious metal is expected to trade between Rs. 28,765 to Rs. 30,069 on Wednesday. The loss was driven by better manufacturing data from the US, leading to hopes that the Federal Reserve will revise its rates. US dollar rates also improved after this news was announced. Gold is currently being supported by rise in exchange traded funds, with assets in the world’s leading gold ETF SPDR Gold Trust increasing by 1.15 percent to 786.20 tonnes on Tuesday. Despite the 10 percent import duty on gold, India’s gold imports in January were 62 percent higher than the corresponding period last year. In an effort to curb gold demand, in its recent budget, the country also reinstated local sales tax on gold jewellery.

      2 March 2016

    • India is the world’s 2 largest market for gold, and is offering huge discounts.

      Dealers in India, the second largest market in the world, have increased their discounts offered by jewelers. After the escalated global prices of cooled off, and the speculation of the government import taxes. The discounts have fallen below the cash prices in London for gold, as much as $30 for an ounce. The markdowns are as large as $55 on sales without invoices. Gold has increased by 17% in the year so far, proving to be a safe haven of assets.

      26 February 2016

    • Gold Prices Recover To Rise 1 Per Cent

      Gold recovered on Tuesday and rose by nearly 1 percent in the wake of a drop in global equities as well as low inflows into bullion funds. The drop ensured that gold prices recovered from price drops that took place over past sessions. Commerzbank analyst Eugen Weinberg stated that while gold continues to be well supported by inflows in exchange-traded funds (ETFs), another setback could be around the corner before the precious metal rallies any further. The assets in the top gold-backed ETF, SPDR Gold Trust, hit their highest mark since March 2015 following a rise of more than 19 tonnes to close at 752.29 on Monday.

      24 February 2016

    • Indian government to auction 3 gold mines this year

      At least 3 gold mines may be auctioned by the government this year. The government is planning to open up the sector to private firms. This is being don’t in order to slash import of metals that cost the government $36 billion in the previous year. Out of the mines to be auctioned, one was shut 15 years ago in Karnataka and the other two are new and located in Jharkhand and Chhattisgarh. The analysts believe that the gold mining will be profitable to the country.

      Government is hoping to raise Rs.6,000 crore from selling the gold dust from Kollur, Karnataka.

      18 February 2016

    • Gold importing tariff increased by the government

      On Monday, the government increased the tariff value of gold from $ 363 for 10 grams to $ 403 per 10 grams. The tariff value also was hiked for silver from $ 443 to $510 per kg. The Central Board of Excise and Customs, have been notified of these revised rates. The rate are in lieu of the current price trend of the precious metal in the global market and rupee situation.

      16 February 2016

    • Gold prices increase, owing to wedding season

      Gold prices surged by Rs 175 to Rs 27,875 per 10 grams at the bullion market on Monday on persistent buying by jewellers, driven by rising wedding season demand even as the metal weakened overseas. Silver also regained the Rs 36,000-mark by rising Rs 250 to Rs 36,050 per kg on increased offtake by industrial units and coin makers.

      9 February 2016

    • Gold holds on to its 3-month high

      After ample and on-going speculation about US rate hike for the past few months, the yellow metal has managed to hold onto its three-month rate which is the highest since October 30th. Gold rallied by 1.2 per cent overnight which is a huge gain in one stroke for the metal. US markets have slowed owing to weakening of the global economic conditions.

      The price of gold were boosted by two significant things; one is the weakening of the US Dollar and two is the hopes that US interest rates will remain unchanged for the upcoming few months.

      4 February 2016

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