GOLD RATE
All about Gold!
Gold – the only yellow metal found on earth is considered an auspicious item in every household. The ever-increasing value of gold makes it a safe haven i.e. an investment that retains or increases the value during times of crisis. Just like gold, gold rate has also been an area of concern.
History of Gold Rate
The gold rate has always been a topic of discussion in the market. It is directly proportional to inflation, currency, etc. Even though gold is considered as an ever growing asset, you can also expect to see some downfall in the same.
Is the gold rate different in different cities?
Yes, the gold rate does vary from one state to the other. Every state has their own rules and regulations according to which they levy taxes, hence the difference.
How is gold rate determined?
The base price of gold is determined by United States in *Ounce. The given rate is converted to respective weights and currencies across the globe.
Trend So Far
Did you know that the gold rate has increased by almost 800% in the past two decades.
| Year | Rate |
|---|---|
| 2000 | ₹ 4,400 |
| 2001 | ₹ 4,300 |
| 2002 | ₹ 4,990 |
| 2003 | ₹ 5,600 |
| 2004 | ₹ 5,850 |
| 2005 | ₹ 7,000 |
| 2006 | ₹ 8,400 |
| 2007 | ₹ 10,800 |
| 2008 | ₹ 12,500 |
| 2009 | ₹ 14,500 |
| 2010 | ₹ 18,500 |
| 2011 | ₹ 26,400 |
| 2012 | ₹ 31,050 |
| 2013 | ₹ 29,610 |
| 2014 | ₹ 28,006 |
| 2015 | ₹ 26,343 |
| 2016 | ₹ 28,623 |
| 2017 | ₹ 29,667 |
| 2018 | ₹ 31,438 |
| 2019 | ₹ 35,220 |
| 2020 | ₹ 48,651 |
| 2021 | ₹ 48,720 |
| 2022 | ₹ 52,690 |
*Gold Rate data sourced from Bank Bazaar.
Why gold is a good investment?
Gold is not just an auspicious metal in the Indian household, gold is a wonderful investment. As you can see in the table above, gold has a forever increasing quotient. Due to which, you call always sell your gold jewellery and make profit from your selling.
Gold Buying Tips:
• While buying gold or gold jewellery, the only thing that matters is certification.
• BIS Hallmark ensures trust in the jeweller as well as justifies the price you are paying to buy your gold.
• Hallmarked gold also ensures that you can resell your jewellery if needed in future.
Disclaimer: All information in this page has been sourced from the internet. Candere or Kalyan Jewellers is not responsible for any discrepancy.
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