Gold Rate Today in Mahad

Carat rating indicates the purity level of gold, and understanding the difference between 22 carat and 24 carat gold is essential for making informed purchase decisions. Here is a detailed comparison for better understanding:

• Purity: 22-carat gold contains 91.6% pure gold mixed with 8.4% alloy metals like copper and silver, whereas 24-carat gold is 99.9% pure with no additional metals.
• Strength: 22-carat gold is more durable due to alloy content, while 24-carat gold is soft and highly malleable.
• Usage: 22-carat gold is commonly used for jewellery, while 24-carat gold is preferred for investment in coins, bars, and ETFs.
• Appearance: 22-carat gold has a slightly duller finish due to alloy mixing, whereas 24-carat gold has a bright yellow hue with a natural shine.
• Price: 22-carat gold is more affordable as it contains less pure gold, whereas 24-carat gold is costlier due to its higher purity.
• Resale Value: 22-carat gold has strong resale potential but slightly lower than 24-carat gold, which commands a higher resale value due to its superior purity.
• Gold Loan Eligibility: 22-carat gold is commonly accepted for gold loans with a high loan-to-value (LTV) ratio, while 24-carat gold is also eligible but mainly considered for investment purposes.

22 carats vs 24 carats vs 18 carats gold purity in Mahad

In Mahad, residents prefer different gold purities based on their needs and purposes. 24 karat gold, with 99.9% purity, is the purest but also the softest, making it ideal for investment in coins and bars. It lacks the durability needed for jewellery. 22 karat gold, containing 91.6% pure gold, is commonly used in ornaments due to its strength and durability. Meanwhile, 18 karat gold has 75% purity and is alloyed with metals like silver or copper to increase hardness. It is suitable for crafting intricate and contemporary designs. Bajaj Finance offers gold loans against all these purities, providing flexible repayment options and competitive interest rates. By choosing Bajaj Finance, residents can avail themselves of attractive loan amounts based on the purity and weight of the gold, making it an ideal option for both investment and financial emergencies.

Check your eligibility for gold loan to get the maximum value for your gold jewellery.

Gold rates in Mahad change daily due to the volatile nature of the global gold market. International economic conditions, currency exchange rate fluctuations, and geopolitical events cause frequent variations in gold prices. Domestically, the strength of the Indian Rupee against the US Dollar also plays a vital role. Additionally, local demand surges during festive seasons and wedding periods contribute to short-term price hikes. Bajaj Finance monitors these changes to offer the most competitive gold loan rates, helping customers secure funds without worrying about sudden price drops. By staying updated on market trends, Bajaj Finance ensures that borrowers receive the best value for their pledged assets. Daily updates and transparent loan processes make it easier for residents to make informed decisions when applying for a gold loan.

Techniques to check purity of gold in Mahad

Checking gold purity is essential before buying or using it as collateral for a gold loan in Mahad. A combination of traditional and advanced techniques ensures its authenticity and correct valuation.

• X-Ray Fluorescence (XRF) Test – A non-destructive technique used by jewellers to precisely determine gold purity and composition without causing any damage.
• BIS Hallmarking – The Bureau of Indian Standards (BIS) certifies gold with a hallmark stamp, indicating purity, karat value, and the jeweller’s identification mark.
• Density Test – Since gold has a high specific gravity (19.3), its purity can be checked by measuring its weight and volume displacement in water.
• Acid Test – A small scratch is made on the gold, and nitric acid is applied. If the metal discolours, it indicates impurities, while pure gold remains unchanged.
• Magnet Test – As pure gold is non-magnetic, placing a strong magnet near the jewellery helps detect impurities. Any attraction to the magnet suggests the presence of other metals.

Using these techniques ensures transparency and helps buyers and borrowers make informed decisions when dealing with gold.

The impact of GST on gold rates in Mahad

The implementation of Goods and Services Tax (GST) has significantly impacted gold prices in Mahad. Before GST, gold was subject to multiple taxes, including VAT, excise duty, and service tax, leading to a complex pricing structure. With GST in place, a uniform rate of 3% on gold value and 5% on making charges was introduced. This change increased the overall cost of gold, especially jewellery, making it more expensive for consumers. While GST has streamlined taxation, it has also pushed up the final purchase price. Bajaj Finance helps residents of Mahad navigate these higher costs by offering competitive gold loan options. By leveraging their gold assets through Bajaj Finance, customers can secure financial support without selling their valuable possessions. Transparent processing and flexible repayment plans make it convenient for borrowers to manage expenses and capitalise on rising gold prices.

What are the different ways to buy/invest in gold in Mahad?

Gold investment in Mahad has evolved from traditional practices to modern, diversified methods. There are multiple ways to invest in gold, each catering to different preferences and financial goals.

• Gold in physical form – Buying jewellery, coins, or bars from jewellers is the most traditional and widely preferred investment method.
• Online gold investment – Digital gold allows investors to purchase gold through mobile apps and platforms, eliminating storage concerns.
• Gold ETFs (Exchange-Traded Funds) – These market-linked instruments let investors trade gold on stock exchanges, offering liquidity and easy transactions.
• Sovereign Gold Bonds (SGBs) – Issued by the government, SGBs offer periodic interest along with value appreciation, making them a secure long-term investment.
• Gold mutual funds – These funds invest in gold mining companies or gold-related assets, providing indirect exposure to gold price movements.
• Jewellery purchases – Though not the most profitable investment, jewellery buying remains a popular cultural and emotional choice.

Choosing the right investment method depends on factors like risk appetite, investment goals, and storage convenience.

What are taxes on gold in Mahad?

Taxes on gold in Mahad primarily include GST and capital gains tax. When purchasing gold, a 3% GST is levied on the value of the gold, along with an additional 5% GST on making charges for jewellery. These taxes contribute to the final cost and are applicable to both physical and digital gold purchases. When selling gold, individuals must pay capital gains tax based on the holding period. Short-term capital gains (held for less than 3 years) are taxed as per the applicable income tax slab, while long-term capital gains (held for more than 3 years) are taxed at 20% with indexation benefits.

In India, import duty is a significant tax on gold, as the majority of gold is imported. To regulate its inflow, the government imposes an import duty, which currently stands at 15%. This includes the basic customs duty and an agriculture infrastructure development cess. Any revision in this tax structure directly affects gold prices in Mahad.

Additionally, a Tax Collected at Source (TCS) applies to gold purchases exceeding ₹50 lakh. This surcharge is set at 1% and can be adjusted against the buyer’s overall tax liability.

For those selling gold, capital gains tax comes into play. If the gold is sold within three years of purchase, short-term capital gains tax applies, which is charged as per the seller’s income tax slab. However, if the gold is held for more than three years, it qualifies as a long-term asset and is subject to a 20% tax with indexation benefits.

These taxation policies influence the cost, affordability, and investment appeal of gold in Mahad, making it essential for buyers and investors to stay updated on tax regulations before making financial decisions.

What is making charges on gold jewellery in Mahad?

Taxes on gold in Mahad include GST, capital gains tax, and making charges. GST is levied at 3% on the purchase of physical gold and 5% on making charges for jewellery. When selling gold, capital gains tax applies based on the holding period. Short-term gains (held for less than 3 years) are taxed as per the income tax slab, while long-term gains (held for more than 3 years) attract a 20% tax rate with indexation benefits. Additionally, gift tax may apply if gold is received as a gift exceeding a certain value. Bajaj Finance offers a practical solution for residents looking to secure funds without incurring capital gains tax by providing gold loan services. Pledging gold instead of selling it helps retain the asset while unlocking its financial potential, making it a tax-efficient option.

If you own gold ornaments and need funds for urgently, consider using them as collateral. Check your eligibility for gold loan to get the best value for your jewellery while keeping ownership intact.

Impact of gold rate on gold loans in Mahad

Gold rates directly influence the value of gold loans in Mahad. When gold prices rise, borrowers can secure higher loan amounts, as the loan-to-value (LTV) ratio increases. Conversely, when gold rates drop, the eligible loan amount decreases, affecting the borrower’s ability to secure funds. Bajaj Finance ensures that customers receive maximum value by regularly updating loan amounts in line with current gold prices. Additionally, the rate of interest on online gold loans may vary based on prevailing market conditions and the purity of the pledged gold. Higher purity levels attract better loan amounts, making it essential for borrowers to check market rates before applying. Bajaj Finance’s transparent policies and multiple repayment options help borrowers manage their financial requirements without the need to sell their valuable gold assets. Residents can make the most of rising gold prices by opting for timely gold loans from Bajaj Finance.

Where can you get a gold loan in Mahad?

If you are a loan seeker in search of quick access to funds, Bajaj Finserv Gold Loan is your go to spot. With Bajaj Finance, borrowers can avail loan amounts ranging from Rs. 5,000 to Rs. 2 crore, along with competitive rate of interest against gold loan and fast disbursal.

The application process is hassle-free, requiring minimal documentation, and disbursement is quick and secure. Customers can conveniently apply for a gold loan online or visit the nearest branch. Bajaj Finance also provides secure storage for the pledged gold, ensuring its safety throughout the loan tenure.

With transparent loan processing and no hidden charges, borrowers can confidently meet their financial needs without selling their cherished gold assets. Whether it’s for personal expenses or business investments, choosing Bajaj Finance for gold loans in Mahad is a smart and practical financial decision.

If you are seeking a trusted gold loan provider in Mahad, Bajaj Finance offers attractive terms and a hassle-free application process. Apply for a gold loan to secure the best value for your gold and swift access to funds.


Know more about gold rates in Indian states and Union Territories

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