Today's rate for 1 gram of gold in Indian Rupees (INR) reflects the current market conditions and economic factors influencing gold prices. As of today, the price for 1 gram of gold is approximately INR 4,800. This rate can fluctuate throughout the day due to changes in global gold prices, currency exchange rates, and demand and supply dynamics. Investors and buyers closely monitor these rates to make informed purchasing decisions. The rate of gold is crucial for jewellers, traders, and consumers looking to buy gold ornaments or invest in gold bullion. Staying updated with the latest gold prices ensures that transactions are made at the most advantageous times, maximising the value of gold investments and purchases.
How much is 1 gram of gold worth in INR?
The worth of 1 gram of gold in Indian Rupees (INR) is determined by the prevailing market rates. As of today, 1 gram of gold is valued at approximately INR 4,800. This value is influenced by various factors, including international gold prices, currency exchange rates, inflation, and market demand. Gold is considered a safe investment, and its value tends to increase during economic uncertainties. Therefore, understanding the worth of gold per gram in INR is essential for investors and buyers. It helps in making informed decisions regarding gold purchases, investments, and loans against gold. Regularly checking the gold rates ensures that one stays abreast of market trends and capitalises on favourable price movements.
Historical gold prices: 1 gram of gold in INR
The historical prices of 1 gram of gold in Indian Rupees (INR) reveal significant trends and patterns in the market. Over the past decade, gold prices have shown an upward trajectory, reflecting global economic uncertainties and inflationary pressures. For instance, in 2010, the price of 1 gram of gold was around INR 1,800. By 2020, this price had surged to approximately INR 4,500 per gram, driven by high demand and geopolitical tensions. Historical data indicates that gold remains a stable and appreciating asset over the long term. Investors use these historical trends to predict future price movements and to strategise their investment plans. By analysing past prices, one can better understand the factors influencing gold rates and make more informed investment decisions.
Investing in gold: Understanding the price of 1 gram of gold in INR
Investing in gold requires a clear understanding of the current price of 1 gram of gold in Indian Rupees (INR). As a popular investment choice, gold offers stability and is often considered a hedge against inflation and economic instability. The price of gold per gram in INR is influenced by international market trends, currency exchange rates, and domestic demand and supply factors. Knowing the current rate, which is approximately INR 4,800 per gram today, helps investors decide the right time to buy or sell gold. Additionally, it allows for accurate valuation of gold investments. Diversifying one's investment portfolio with gold can provide financial security, and understanding the nuances of gold pricing is essential for maximising returns.
Using 1 gram of gold for a gold loan
Using 1 gram of gold for a gold loan is a common practice in India, offering a quick and convenient way to secure funds. The value of the loan is directly tied to the current market price of gold, which is approximately INR 4,800 per gram today. Financial institutions typically offer a loan amount that is a percentage of the gold's value, usually up to 75%. The
gold interest rate is crucial, as it determines the cost of borrowing against the gold. Interest rates for gold loans are generally lower than personal loans, making them an attractive option. Borrowers can repay the loan through easy monthly instalments, with the gold being returned upon full repayment. This method provides liquidity without having to sell precious assets.
Gold loan eligibility for 1 gram of gold
Gold loan eligibility with 1 gram of gold in Indian Rupees (INR) depends on the gold's purity and the current market rate. Financial institutions require gold to be of at least 18-carat purity. Given today's rate of approximately INR 4,800 per gram, the loan amount offered will be up to 75% of the gold value. The
loan against gold is processed swiftly, requiring minimal documentation and credit checks. Borrowers need to provide proof of identity and address, and the gold is appraised by the lender. Once the appraisal is complete, the loan amount is disbursed quickly. This form of secured loan is ideal for those needing immediate funds without liquidating their gold assets.
The impact of GST on 1 gram gold rates
The implementation of Goods and Services Tax (GST) in India has impacted the rates of 1 gram of gold in Indian Rupees (INR). GST on gold is currently set at 3%, which is added to the base price of gold. This tax has slightly increased the overall cost of purchasing gold. For instance, if the market rate of 1 gram of gold is INR 4,800, the addition of GST increases the final price to approximately INR 4,944. This increase affects buyers and investors, slightly raising the entry point for gold investments. However, despite the GST, gold remains a favoured investment due to its stability and potential for appreciation. Understanding the impact of GST helps buyers and investors plan their purchases more effectively, accounting for the additional cost.
Know more about gold rates in Indian states and Union Territories
Know more about gold rates in other cities
*Please note: The gold rates mentioned are approximate and are subject to change basis daily market movements.
