Gold Rate in Azamgarh

Key takeaways

  • The gold price today in Azamgarh changes regularly due to global gold prices, currency movements and local demand and supply.
  • 24 karat gold is the purest form of gold, while 22 karat gold is commonly preferred for jewellery because it offers a balance of purity and durability.
  • Weddings, festivals and other seasonal events can increase local demand and affect gold rates in Azamgarh.
  • GST, import duties, geopolitical events and investor sentiment can also influence the local gold price.
  • Checking the latest gold rates before buying or investing can help you compare prices, understand costs and make informed decisions.

How is gold price calculated in Azamgarh?

Gold rates in Azamgarh are influenced by both domestic and international market factors. Benchmark prices published by IBJA, trading activity on MCX, global gold prices, currency movements, and government taxes all contribute to the final retail gold rate.

  • Role of IBJA: IBJA publishes benchmark gold prices used by lenders, jewellers, and financial institutions.
  • Role of MCX: MCX gold futures reflect market expectations and trading activity.
  • Impact of global gold prices: International spot prices influence domestic rates.
  • Impact of taxes and duties: Import duties, GST, and local charges contribute to final retail prices.

Historical gold rate in Azamgarh and how have they changed in recent years

Historical gold rates in Azamgarh have generally followed the broader trend of gold prices in India. Although short-term fluctuations occur due to economic and market conditions, gold prices have shown long-term growth over the years. 

YearPrice 24 carat per 10 grams
2025Rs. 1,05,000 to Rs. 1,30,000
2024Rs. 77,913.00
2023Rs. 65,330.00
2022Rs. 52,670.00
2021Rs. 48,720.00
2020Rs. 48,651.00
2019Rs. 35,220.00
2018Rs. 31,438.00
2017Rs. 29,667.50
2016Rs. 22,543.00

As gold prices in Azamgarh  continue to shift with global movements, staying informed can give you an advantage. Check your gold loan eligibility today and find out how much you can borrow.

What affects gold rates in Azamgarh today? 


Gold rates in Azamgarh can change throughout the year due to domestic and global market developments. The most important factors include:

  • International gold prices: Gold is traded globally. Any increase or decrease in international gold prices directly affects gold rates in Azamgarh.
  • USD-INR exchange rates: India imports a significant portion of its gold. When the Indian rupee weakens against the US dollar, imported gold becomes more expensive.
  • RBI monetary policy: Interest rate decisions and monetary policy measures announced by the RBI can influence investor demand for gold and other asset classes.
  • Import duties and GST: Import duties and GST affect the final price consumers pay for gold in Azamgarh.
  • IBJA benchmark gold rates: The Indian Bullion and Jewellers Association (IBJA) publishes benchmark gold prices that are widely used across the gold industry.
  • MCX gold trading trends: Gold futures traded on the Multi Commodity Exchange (MCX) provide signals about market sentiment and future price expectations.
  • Local demand in Azamgarh: Gold demand often rises during wedding seasons, festivals, religious occasions, or peak jewellery buying periods. Higher demand can contribute to local price movements.

What is the difference between 18k, 22k and 24k gold? 

Gold purity is measured in karats. Higher karat values indicate a higher proportion of pure gold.

  • 18K gold contains 75% pure gold and 25% other metals. It is commonly used for diamond-studded and designer jewellery. 
  • 22K gold contains 91.6% pure gold and is widely used for jewellery due to its balance between purity and durability. 
  • 24K gold contains 99.9% pure gold and is generally preferred for investment purposes such as gold coins and bars.
Parameter18K Gold22K Gold24K Gold
Purity75%91.6%99.9%
StrengthHighestHighLower
Common UseDiamond jewellery and daily wear jewelleryTraditional jewelleryInvestment bars and coins
PriceLowestHigherHighest

Checking the purity of gold in Azamgarh

Ensuring the purity of gold is essential for individuals purchasing gold in Azamgarh. Here are some techniques commonly used to check gold purity:

  • Acid tests: Use acid solutions to observe the reaction of gold, indicating its purity.
  • X-ray fluorescence spectrometers: Analyse the composition of gold using X-rays for accurate purity readings.
  • Electronic gold testers: Utilise electrical conductivity to quickly assess gold purity.
  • Assay testing: Certified assayers melt gold samples to determine purity accurately.
  • Density testing: Measure gold density to calculate purity, comparing it with pure gold's density.

By understanding these techniques, individuals in Azamgarh can confidently assess the quality of their gold jewellery.


How can you calculate the value of your gold?

The value of gold depends on three key factors:

  • Gold weight 
  • Gold purity 
  • Current gold rate 

Gold value formula

Gold value = Gold weight × current gold rate

Example gold value calculation

Suppose a customer in Lucknow owns:

  • 50 grams of 22K gold 
  • Current 22K gold rate: Rs. 13,810 per gram 

Estimated gold value:

50 × Rs. 13,810 = Rs. 6,90,500

This calculation provides an estimate of the current value of your gold based on prevailing market rates.

If you want to know how much loan amount your gold may support, the next step is to estimate your gold loan eligibility.

How do gold rates influence gold investments? 

Gold rates influence the value of physical gold, Gold ETFs, and Sovereign Gold Bonds (SGBs). While these products differ in structure, their performance is linked to movements in gold prices. Investors often monitor daily gold rates before purchasing jewellery, investing in Gold ETFs, or evaluating the value of existing gold holdings.

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Calculate your gold loan

How does the gold price in Azamgarh today affect your gold loan amount?

This is the part that matters most if you are considering a gold loan: the applicable gold rate on the day your gold is assessed decides your loan amount, not last month's rate or what you paid when you originally bought the gold.

A higher rate today means a higher loan amount against the same gold. A lower rate means less.



What decides your eligible loan amount?

Gold loan eligibility depends on:

  • How much your gold weighs
  • How pure it is
  • Applicable gold price
  • The Loan-to-Value (LTV) ratio

Stones, enamel, or any decoration on your jewellery do not count towards your loan value. Only the actual gold content is assessed.

Lenders also do not simply use today's headline rate. They use whichever is lower between the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. This protects you from a sudden price spike inflating things unrealistically and protects the lender from the opposite.

Please note, the maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more, click here.



Gold loan basics — what you should know before applying

If you are considering a gold loan in India, here are the essential details to know before you apply.

With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, or gold coins. The gold loan interest rate starts from 9.50% per annum.

Jewellery and ornaments are accepted between 18-22 purity. Gold coins are accepted up to 24 karat purity. Your gold is stored in secured vaults with insurance cover for the entire loan duration. 


A few things worth knowing before you apply for a gold loan:

  • Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
  • Bajaj Finance uses the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange
  • Only one valid KYC document is required, such as an Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or letter from the NPR
  • You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal or any pending interest settled at the end of the tenure
  • There are no foreclosure charges, so you can close the loan early without any penalty

Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Azamgarh, gold purity, and weight.


Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.

Frequently asked questions

Gold Price

Gold Value

How to calculate a 22-carat gold rate in Azamgarh?

To calculate the price of 22-carat gold in Azamgarh, multiply the current rate of 24-carat gold by the purity percentage of 22/24. This formula helps determine the price per gram of 22-carat gold

The gold price in Azamgarh has seen recent changes due to global market trends, currency movements and local demand. Checking the gold price today in Azamgarh can help buyers make informed jewellery or investment decisions.

The price of 22-carat gold in Azamgarh varies based on factors such as international gold rates, currency movements, and local market conditions. It's advisable to check with local jewellers or online platforms for the most accurate and up-to-date prices.

The price of 18-karat gold purity in Azamgarh is influenced by similar factors to 22-carat gold, including global market trends, currency fluctuations, and local demand-supply dynamics. Individuals can inquire with local jewellers or online platforms for the current rates of 18-karat gold in Azamgarh.

Purity of 20 carat gold contains 83.3% pure gold, with the remaining 16.7% made up of other metals. The calculation is based on the fact that 24 carat gold is pure gold (100%), so 20 carats divided by 24 carats equals 83.3% gold content. 

To calculate the gold price in Azamgarh, check the current market rate for gold per gram. Multiply this rate by the weight of the gold you have. Add any applicable taxes and making charges if purchasing jewellery. To avoid the hassle, you can also use our online gold rate calculator and get the latest gold rates in the market.

The gold rate today in Azamgarh changes regularly due to global prices, currency movements and local demand. Check the latest rates for 22-carat and 24-carat gold before making a purchase or investment decision.

916 gold refers to gold that is 91.6% pure, equivalent to 22 carat gold. In Azamgarh, this type of gold is commonly used for making jewellery. The number 916 signifies that out of 1,000 parts, 916 parts are pure gold and the rest are alloy metals.

To check the purity of 23 carat gold in Azamgarh, use a gold testing kit or visit a certified jeweller who can conduct an assay test. Additionally, you can look for hallmark certification that verifies the gold's purity. 23 carat gold contains approximately 95.8% pure gold.

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Disclaimer

Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *