Gold Rate In Sangli _{Last Updated : 09 Feb 2023}

Today's Gold Price in Sangli

The city of Sangli is the capital of the Sangli district in Maharashtra. Sangli is a region that's famous for its production and knowledge in the trade of turmeric, and it also has a lot of sugar factories. Gold is one of the most popular commodities used in Sangli as a measure of prosperity and wealth, in addition to its widespread use all over the country as the best medium in which to own jewellery for weddings and functions.

Sangli has a huge Ganesha temple, and has, as a result, become one of the most popular destinations for religious pilgrimage in the area. Today, Sangli exists as the urban agglomeration of two cities Sangli, and Miraj, and is an important cultural and educational hub.

Gold rate in Sangli

The gold rate in any location is subject to variations and fluctuations based on international market trends, the purity of the gold in question, etc. The form of the gold being bought also affects the end price the customer pays for example, 10 grams of gold would be cheaper (charged at the base rate) in the form of a coin or bullion, but more expensive in the form of jewellery.

Gold Rate Trend in Sangli from July 2022 to September 2022

Gold Rate Trend in Sangli from April 2022 to June 2022

Quarterly Gold Rate in Sangli from April 2022 to June 2022

• On 1 April 2022, the price of gold in Sangli was Rs.5,121 per gram. Gold rates jumped by the end of the month and closed at Rs.5,184 for a gram. Gold prices jumped by 1.23% over the course of the month in Sangli.
• In Sangli, the month of May opened with gold price standing at the rate of Rs.5,184 per gram. Gold prices in Sangli recorded the lowest for the month on 18 May when a gram of the 24-karat gold was being traded for Rs.4,933. Gold reached its highest price point of Rs.5,184 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 Sangli, the month of June opened with gold price standing at the rate of Rs.5,080 per gram. Gold prices in Sangli recorded the lowest for the month on 30 June when a gram of the 24-karat gold was being traded for Rs.5,001. Gold reached its highest price point of Rs.5,180 per gram on 13 June. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 1.55%.

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

Quarterly Gold Rate in Sangli from January 2022 to March 2022

• In Sangli, the gold price opened at Rs.4,895 per gram in the month of January. Over the month, the prices fluctuated and settled at Rs.4,837 per gram by the end of the month. Overall, the performance of gold in Sangli was one of decline with a percentage change of 1.18% for the month of January.
• In Sangli, the gold prices opened at Rs.4,837 per gram for the month of February. Gold reached its highest price point of Rs.5,095 per gram on 24 February.
• In Sangli, the gold rate in March opened at Rs.5,106 per gram. The month ended with the metal reaching Rs.5,089 per gram. The gold performance in Sangli inclined in the month by 1.45%.

Gold investments in Sangli

Regular purchase: Gold can be purchased the old fashioned way (over the counter) from any of Sangli’s many local jewellers and some banks. Gold is mostly purchased here in the form of jewellery for weddings and religious functions, but there are those who invest in the 24 karat variety as a holding investment.

Gold market trading: Gold (while not in its physical form) can be invested in using Gold ETFs and E-gold. There are financial institutions that offer gold ETF investments, and these can be accessed online. The financial benefits of holding gold as an asset can be enjoyed without the danger and risk involved in holding physical gold. The National Spot Exchange enables E-gold investments and trading, while the Mumbai Stock Exchange facilitates gold ETF trading.

Check Gold Price in NearBy Cities of Sangli

FAQs on Gold rate in Sangli

1. Why is gold price in Sangli different from the rest of Maharashtra?

   Sangli is an important city in Maharashtra and the gold price in this city is decided by the local governing body. The gold price in Sangli is different from the rest of Maharashtra because it is affected by numerous factors such as the local government policies, charges fixed by the local jewellery association, transportation cost, demand for the precious metal, etc.

2. Do the Central Bank Policies have an effect on the gold rates in Sangli?

   Yes, the Central Bank Policies have an effect on the gold rate in Sangli. Other than that, the cost of gold varies if there is any change in the valuation of the US dollar. The rate of gold in Sangli will decrease if the Central Bank modifies policies in favour of the investors in this city. But the gold price will increase if extra charges are imposed by the Central bank.

3. Is there a way to know if a gold jewellery store in Sangli is BIS-certified?

   The official website of BIS has a list of jewellers who have been certified and licenced by BIS. In addition, the list includes the jewellers' names and addresses, as well as the date their BIS licence is valid.

4. Is there a way to determine the price of 22-karat gold in Sangli?

   To determine the price of 22 karat gold in Sangli, assume that the price of 24 Karat gold is currently $4000 per gram in India. Therefore, 22K/24K*4000 = 3,666 is the amount per gram you must pay for a 22K gold ring.

5. Is there a way I can check if the gold jewellery I have purchased in Sangli is real?

   Yes, you can check if the gold jewellery bought in Sangli is real. To do so, you need to immerse it in water. If it drops to the bottom, it indicates that gold is pure. Another way to check authenticity is bringing your gold near a magnet. If gold is pure, it will not be attracted to the magnet, else it will get attracted to magnet.

Read More on Gold