Gold Rate Today in Jamshedpur

 
 

Key takeaways

  • If you are wondering what is the gold rate in Jamshedpur today, check the latest rates for 18K, 22K and 24K gold.
  • Gold prices can change daily due to global market movements, currency fluctuations, taxes and local demand.
  • Gold purity also plays an important role in determining its price.
  • A higher gold rate can increase the assessed value of eligible gold when applying for a gold loan.

How is today's gold price in Jamshedpur determined?

The gold rate today in Jamshedpur is worked out in a few steps, starting with the international gold price.

  • International gold price: Gold is traded globally in US dollars per troy ounce. This provides the base price.
  • Currency conversion: The global price is converted into Indian rupees using the USD-INR exchange rate. A weaker rupee can make gold more expensive.
  • Gold purity: The price is adjusted for purity. 24K gold is 99.9% pure, while 22K gold is 91.6% pure.
  • Import duty: Applicable import duty is added because India imports a large amount of gold.
  • GST: A 3% GST applies to the value of gold, while 5% GST applies to making charges.
  • Making charges and jeweller margin: These are added to the final price and may vary between jewellers in Jamshedpur.
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Historical gold rate in Jamshedpur

The price of gold in Jamshedpur has been increasing over the years for global supply and demand, local purchasing patterns, and economic conditions. Gold is considered a safe investment during uncertain times. By comparing past prices to current prices, buyers will be able to assess price trends more easily.


YearPrice (24 karat 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

Your gold can help you access funds when you need them. Check your gold loan eligibility and find out how much you may be eligible to borrow with Bajaj Finance.

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What influences the gold prices in Jamshedpur?

The gold rate today in Jamshedpur can change because of both global and local factors. These changes affect the price you pay for jewellery, coins, or bars.


  • Global gold prices: International gold price movements can directly affect local rates.
  • Rupee-dollar rate: A weaker rupee can make imported gold more expensive.
  • Demand and supply: Higher local demand, especially during weddings and festivals, can affect the gold price in Jamshedpur.
  • Inflation: During high inflation, demand for gold may rise as people look for a store of value.
  • Interest rates: Changes in interest rates can influence how attractive gold is compared with other investments.
  • Government policies: Import duties, GST, and other rules can change the final retail price.
  • Market sentiment: Investor activity and short-term trading can also cause price movement.

Keeping track of these factors can help you understand why gold prices move from one day to another.


Pro tip: Turn your gold into instant support—handle any expense with ease. Check your gold loan eligibility and access funds when you need them most.


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

Gold purity is measured in karats. A higher karat means more pure gold and usually a higher gold price in Jamshedpur per gram. If you are checking today's gold rate today in Jamshedpur for 22 carat, it helps to compare purity before buying.

Parameter18K gold22K gold24K gold
Purity75%91.6%99.9%
DurabilityHighestHighLower
Common useDesigner and diamond-set jewelleryTraditional and bridal jewelleryCoins, bars, and investments
PriceLowestMid-rangeHighest

22K gold is commonly preferred for jewellery, while 24K gold is usually chosen for investment purposes.


Checking the purity of gold in Jamshedpur

  • BIS mark: The first thing to check is whether there is a BIS mark on the piece. This means that the gold has been tested for purity as per standards.
  • Use of Magnifying glass: Purity markings such as 24K and 999 or 9999 that show the gold has been stamped should be checked with a magnifying glass.
  • Colour and shine: Pure gold has a yellow colour with shine. If the gold gets dull or appears to be of a light colour, it is the sign of low purity metal.
  • Magnetic test: Gold metal do not get attracted to magnets. If it gets attracted to magnets, which means there are other metals in gold.

When in doubt, always get your gold checked by a certified professional.


Your gold could help you meet your financial needs. Check your gold loan eligibility and get an instant estimate based on your jewellery.


How can you calculate the value of your gold in Jamshedpur?

You can estimate your gold value using its weight, purity, and the gold price today in Jamshedpur.

Formula: Gold value = Gold weight × Gold rate per gram × Purity percentage

Example: Suppose you have 10 grams of 22K gold and the 22K rate is Rs. 7,000 per gram.

Gold value = 10 × Rs. 7,000 × 91.6%

Estimated value = Rs. 64,120

This gives you a simple estimate of your gold's value based on its purity and current rate.


How can the gold rate today in Jamshedpur impact your gold investment?

The gold rate today in Jamshedpur can affect the value of your investment. Physical gold such as jewellery, coins, and bars follows market prices but may also include making and storage costs. Gold ETFs track gold prices and can be traded without holding physical gold. Sovereign Gold Bonds are linked to gold prices and also offer fixed interest. Keeping an eye on gold prices can help you compare these options and plan better.


Quick tip: Get a clear idea of your loan value by checking your gold loan eligibility. Fast approval and convenient repayment options await

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How does the gold prices in Jamshedpur affect gold loans?

Gold prices in Jamshedpur can affect how much you may be able to borrow against your gold. When gold prices rise, the value of eligible gold may also increase, which can support a higher loan amount. If gold prices fall, the eligible loan amount may be lower. The final amount also depends on gold purity, weight, valuation, and the applicable LTV limit.


What decides your eligible loan amount?

Your eligible gold loan amount depends on the value of the gold you pledge and the lending limits that apply at the time of assessment. A lender checks several factors before deciding the final amount.

  • Gold purity: Higher-purity gold may have a higher assessed value.
  • Gold weight: The eligible net weight of the pledged gold is considered.
  • Gold valuation: The gold is valued using the lower of the previous day's closing price or 30-day average closing price of gold, published by IBJA or SEBI-regulated commodity exchange.
  • LTV ratio: The loan amount must stay within the permitted loan-to-value limit.
  • Interest and charges: Review the applicable gold loan interest rate and other charges before applying.

These factors together determine how much you may be eligible to borrow against your gold.


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: What you should know before applying

Before applying for a gold loan, check the gold price today in Jamshedpur, your gold purity, and the applicable loan terms. Bajaj Finance Gold Loan offers convenient features that can help you plan your borrowing and repayment.


  • Borrow from Rs. 5,000 up to Rs. 2 crore, subject to eligibility.
  • Interest rates range from 9.50% to 24.25% p.a.
  • Choose from repayment options such as repay your interest on monthly, bi-monthly, quarterly, half-yearly or annually, with the principal or any pending interest paid before the tenure ends. 
  • Get free insurance of pledged gold against theft, burglary, fire at branch, or misplacement.
  • Make part-prepayments at no extra cost.
  • Foreclose the loan at no extra cost after disbursal.
  • Use the gold loan calculator to estimate your interest repayment schedule.

Check the repayment option, interest rate, charges, and loan tenure before applying.


Want quick access to funds against your gold? Start your gold loan application with Bajaj Finance.

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Frequently asked questions

Gold Purchase

Gold Price

What constitutes gold purchases in Jamshedpur?

Gold purchases in Jamshedpur encompass various factors, including purity, weight, and prevailing market rates like the gold price today in Jamshedpur. People of Jamshedpur consider these aspects to make informed decisions, ensuring they acquire genuine, valued gold while staying updated with the city's current pricing trends.

In Jamshedpur, the choice between 22k and 24k gold depends on personal preferences. Consider checking gold rate today in Jamshedpur for 22 carat and 24 carat gold to make an informed decision based on both purity and price.

Gold prices in Jamshedpur can move up or down from day to day. Changes in global gold prices, the rupee-dollar exchange rate, taxes, and local demand can all affect recent price movements.

The price of gold in Jamshedpur is determined by various factors. Global market trends, economic conditions, demand-supply dynamics, and currency fluctuations influence the gold price in Jamshedpur. These factors collectively shape its value, reflecting the city's economic and cultural ties to this precious metal.

The gold rate today in Jamshedpur varies by purity, such as 18K, 22K, and 24K gold. Since rates change daily, check the latest price per gram or per 10 grams before buying, investing, or applying for a gold loan.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
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