Gold Rate in Varanasi Last Updated : 28 Nov 2022

  • Today's Gold Rate in Varanasi (28 Nov 2022)

    ₹ 4,965
    Today's Gold Rate (22K) per gram

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

    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 4,965 ₹ 4,965 ₹ 0 ↑
    Standard Gold (22 K) (8 grams) ₹ 39,720 ₹ 39,720 ₹ 0 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,213 ₹ 5,213 ₹ 0 ↑
    Pure Gold (24 K) (8 grams) ₹ 41,704 ₹ 41,704 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 Nov 2022 ₹ 4,965 ₹ 39,720 ₹ 5,213 ₹ 41,704
    26 Nov 2022 ₹ 4,965 ₹ 39,720 ₹ 5,213 ₹ 41,704
    25 Nov 2022 ₹ 4,965 ₹ 39,720 ₹ 5,213 ₹ 41,704
    24 Nov 2022 ₹ 4,965 ₹ 39,720 ₹ 5,213 ₹ 41,704
    23 Nov 2022 ₹ 4,935 ₹ 39,480 ₹ 5,182 ₹ 41,456
    22 Nov 2022 ₹ 4,945 ₹ 39,560 ₹ 5,192 ₹ 41,536
    21 Nov 2022 ₹ 4,960 ₹ 39,680 ₹ 5,208 ₹ 41,664
    20 Nov 2022 ₹ 4,970 ₹ 39,760 ₹ 5,219 ₹ 41,752
    19 Nov 2022 ₹ 4,970 ₹ 39,760 ₹ 5,219 ₹ 41,752
    18 Nov 2022 ₹ 4,985 ₹ 39,880 ₹ 5,234 ₹ 41,872

    Weekly & Monthly Graph of Gold Rate in Varanasi (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 Rate in Varanasi

    Varanasi is considered to be one of the most ancient cities of the world. The city boasts of one of the most ancient civilizations too. It is the most revered city in the Hindu culture and as such a lot of festivals and weddings are part of the daily routine of this vibrant city. Since the civilization is old, the city has been an important center of trade especially for textiles. Textile industry of Varanasi is famous all around the world and is a major exporter of cloth outside India.

    The traditional culture of the city places huge importance on the yellow metal, gold. The Indian culture itself places gold prices today at the center of all festive and wedding activities and Varanasi too has not been untouched by this. Let us look at some of the most popular trends in the gold market of Varanasi.

    Gold Rate Trend in Varanasi from July 2022 to September 2022

    Factor July August September
    1st Day Rs.5,122 per gram Rs.5,038 per gram Rs.4,964 per gram
    Last Day Rs.5,059 per gram Rs.5,043 per gram Rs.4,954 per gram
    Highest Price Rs.5,153 per gram on 5 July Rs.5,138 per gram on 14 and 15 August Rs.4,991 per gram on 6 September
    Lowest Price Rs.4,959 per gram on 18 July Rs.5,017 per gram on 23, 24, and 29 August Rs.4,859 per gram on 27 September
    Trend Decline Incline Decline
    Change -1.22% 0.09% -0.20%

    Gold Rate Trend in Varanasi from April 2022 to June 2022

    Factor April May June
    1st Day Rs.5,186 per gram Rs.5,217 per gram Rs.5,112 per gram
    Last Day Rs.5,217 per gram Rs.5,149 per gram Rs.5,023 per gram
    Highest Price Rs.5,370 per gram on 18 April and 19 April Rs.5,217 per gram on 1 May Rs.5,212 per gram on 13 June
    Lowest Price Rs.5,154 per gram on 4 April, 5 April, and 6 April Rs.4,965 per gram on 18 May Rs.5,023 per gram on 30 June
    Trend Incline Decline Decline
    Change 0.6% -1.30% -1.74%

    Quarterly Gold Rate in Varanasi from April 2022 to June 2022

    • Gold rates in Varanasi for the month of April opened at Rs.5,186 per gram and closed at Rs.5,217 for a gram. The prices of gold fluctuated throughout the month in the city. Gold prices increased by 0.6% in Varanasi in April.
    • On the first day of May, gold prices in Varanasi were Rs.5,217 for a gram. By the end of the month, the prices of gold fell and were Rs.5,149 for a gram. Gold prices fell by 1.30% over the course of the month in Varanasi.
    • In Varanasi, the month of June opened with gold price standing at the rate of Rs.5,112 per gram. Gold prices in Varanasi recorded the lowest for the month on 30 June when a gram of the 24-karat gold was being traded for Rs.5,023. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 1.74%.

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

    Factor January February March
    1st Day Rs.4,939 per gram Rs.4,881 per gram Rs.5,081 per gram
    Last Day Rs.4,881 per gram Rs.5,112 per gram Rs.5,139 per gram
    Highest Price Rs.4,986 per gram on 26 January Rs.5,149 per gram on 24 February Rs.5,459 per gram on 9 March
    Lowest Price Rs.4,839 per gram on 10 January Rs.4,881 per gram on 1 & 2 February Rs.5,081 per gram on 1 March
    Trend Decline Incline Incline
    Change -1.17% 4.7% 1.12%

    Quarterly Gold Rate in Varanasi from January 2022 to March 2022

    • On 1st January, a gram of gold was priced at Rs.4,939 per gram in Varanasi. Over the month of January, a declining trend was witnessed in the price of the yellow metal. The percentage change recorded in the rates stood at -1.17%.
    • In Varanasi, the price of gold for the month of February opened at the rate of Rs.4,881 per gram. The overall performance of the precious metal witnessed an increase with the percentage change being 4.7% during the month in Varanasi.
    • In Varanasi, the gold rate in March opened at Rs.5,081 per gram. The month ended with the metal reaching Rs.5,139 per gram. The gold performance in Varanasi inclined in the month by 1.12%.

    Gold investment options in Varanasi

    Gold is popular not just because it is a rare and precious metal but also because it has numerous uses as an investment option as well as a means of accumulating wealth. Despite numerous innovative financial products in the market, gold continues to hold on to its shine since it is a metal that Indians truly rely on as a good investment avenue. Listed below are some of the ways in which gold can be utilized to grow wealth.

    • Financial Market

      With the importance of gold, many financial institutions have launched gold specific schemes that offer returns on investments made in gold. These include gold ETFs and some schemes like the Gold Monetization Scheme which have been launched by the government to leverage the popularity and abundance of gold in the country. Gold ETFs can be traded on the stock exchange and are a popular replacement for people who want to invest in gold but don’t want to buy it physically.

    • Over the counter

      Over the counter gold is available as gold coins in banks and as jewelry and coins in various jewelry shops. Varanasi has a huge population and an equally proportional number of jewelry shops in the city. Gold can be bought in the form of various ornaments, coins or even bars. Jewelers too, keep all variants of the metal in different karat qualities so as to cater to the need of all customers.

    Check Gold Price in NearBy Cities of Varanasi

    FAQs on Gold rate in Varanasi

    1. Which gold is best to invest in Varanasi?

      If you are looking forward to long term investment in Bhubaneshwar then 24 karat gold is the best option. If you are looking forward to making jewellery, then investing in 22 karat or 18 karat gold would be a better option.

    2. What are making charges while making gold jewellery in Varanasi?

      The cost of the process involved in producing and designing each piece of gold jewellery that you purchase is called the making charge in Varanasi.

    3. Do I have to pay taxes on gold bought via PhonePe in Varanasi?

      The rate of gold quoted on PhonePe comes with taxes and custom duties in Varanasi.

    4. What are the wastage charges while making gold jewellery in Varanasi?

      Wastage charges are levied by the jewellers of Varanasi for the gold wasted in the process involved in making jewellery.

    5. What are the making charges for gold jewellery in Varanasi?

      In Varanasi, the making charges for gold jewellery typically range between 3% to 25%.

    6. Can fixed deposit interest rates impact the prices of gold in Varanasi?

      Yes, any change in the fixed deposit interest rates can impact the prices of gold in Varanasi.

    7. Is marking mandatory on gold purchased in Varanasi?

      Yes, marking of the value is compulsory in case gold is purchased in Allahabad. The marking is called ‘Hallmarking’.

    8. Has the government changed the import duty rate?

      Yes, the import duty rate was dropped to 10% from 12.5% and includes 7.5% customs duty and also a 2.5% agriculture infrastructure and development cess.

    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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