Key takeaways
The gold price in Uttar Pradesh is based on global gold prices and then adjusted for costs in India. The final price depends on currency rates, gold purity, taxes, and making charges.
Making charges: Jewellers charge for design and workmanship. These charges can differ by seller.
Jewellers and lenders often use daily benchmark gold rates as a reference. Final prices may still vary because of making charges and seller margins.
Historical gold rates in Uttar Pradesh 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.
| Year | Price 24 carat per 10 grams |
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,913.00 |
| 2023 | Rs. 65,330.00 |
| 2022 | Rs. 52,670.00 |
| 2021 | Rs. 48,720.00 |
| 2020 | Rs. 48,651.00 |
| 2019 | Rs. 35,220.00 |
| 2018 | Rs. 31,438.00 |
| 2017 | Rs. 29,667.50 |
| 2016 | Rs. 22,543.00 |
As gold prices in Uttar Pradesh 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.
The factors that affect gold rates are mostly the same across India. However, their impact can change every day. Global prices, currency rates, interest rates, and local demand all affect gold prices in Uttar Pradesh.
Gold purity also affects the price. 24K, 22K, and 18K gold have different purity levels, so their prices are different. If you own eligible gold jewellery, you can check your gold loan eligibility with Bajaj Finance and get an estimate of the loan amount you may qualify for based on your pledged gold.
Gold purity is measured in karats. Higher karat values indicate a higher proportion of pure gold.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
|---|---|---|---|
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common Use | Diamond jewellery and daily wear jewellery | Traditional jewellery | Investment bars and coins |
| Price | Lowest | Higher | Highest |
Ensuring the purity of gold is essential for individuals purchasing gold in Uttar Pradesh. Here are some techniques commonly used to check gold purity:
By understanding these techniques, individuals in Uttar Pradesh can confidently assess the quality of their gold jewellery. Have gold at home? Check your gold loan eligibility and find out what it's worth.
Estimate the value of your gold in Uttar Pradesh using three simple details:
Formula
Gold Value = Gold Weight × Gold Price per Gram
Example: If you have 25 grams of 22K gold and the gold price in Uttar Pradesh is Rs. 12,900 per gram:
25 × Rs. 12,900 = Rs. 3,22,500
This example is for illustration only. Check the live gold price in Uttar Pradesh on this page before estimating your gold's value.
The gold rate in Uttar Pradesh affects the value of physical gold, Gold ETFs, and Sovereign Gold Bonds. When gold prices rise, these investments may gain value. When prices fall, their value may also decrease. Each option works differently, but all are linked to gold price movements.
The gold price in Uttar Pradesh can directly affect how much you may borrow against your gold. Lenders consider the value of your gold when it is assessed, rather than the price you paid when you bought it.
If gold prices are higher, the same amount of gold may support a higher loan value. If prices fall, the eligible amount may also reduce.
What decides your eligible loan amount?
Your gold loan amount mainly depends on:
Loan-to-Value (LTV) ratio
Only the actual gold content is considered. Stones, beads, enamel, and other non-gold parts of the jewellery are not included in the valuation. 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.
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:
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 Uttar Pradesh, gold purity, and weight.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
The Goods and Services Tax (GST) rate of gold rate applies to both gold jewellery acquisitions and investments in gold bars or coins, impacting the overall cost of purchasing gold in the state. The GST rate of gold in Uttar Pradesh is subject to change based on government regulations and policies. Individuals interested in buying gold in Uttar Pradesh should be aware of the current GST rate to understand the total cost involved in their gold transactions.
The gold price fluctuates daily due to various factors such as global market trends, economic conditions, and local demand. Individuals interested in purchasing gold in Uttar Pradesh should consult reliable sources such as local jewellers or financial news websites for accurate and up-to-date information on gold rates.
Hallmark gold in Uttar Pradesh refers to gold jewellery or items that bear the hallmark certification, indicating their purity and authenticity. Hallmarking ensures that the gold meets the specified standards of purity, making it a reliable choice for consumers. When purchasing gold in Uttar Pradesh, it's advisable to look for Hallmark certification to ensure quality and authenticity. Hallmark gold provides consumers with confidence in their gold purchases, knowing that they are investing in genuine and high-quality gold products.
Making charges are the labour costs added to jewellery prices and are usually calculated per gram or as a percentage of the gold value. In Uttar Pradesh, the charge depends on the jewellery design, workmanship, brand, and jeweller. Heavy or detailed designs often have higher making charges.
Gold rates are usually similar across Uttar Pradesh, but the final price may vary slightly due to local competition, jeweller margins, and making charges. Cities with more jewellers and higher market competition may offer better deals. Always compare rates and charges before buying.
Festivals often increase demand for gold jewellery and coins, which can push prices slightly higher in Uttar Pradesh. Jewellers may also offer discounts on making charges, but the gold price can still rise due to high buying activity during auspicious occasions and wedding seasons.
To apply for a gold loan, visit your nearest Bajaj Finance branch with your gold jewellery and valid ID proof. The gold’s value is assessed, and the loan amount is approved based on the prevailing market rate and pledged gold’s purity. Disbursement is quick, with flexible repayment options tailored to your needs.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
