Gold Rate in Aurangabad

Key takeaways

  • Track daily rates: The gold price today in Aurangabad can change due to global gold prices, currency movements, local demand, inflation and interest rates.
  • Know the purity: 24 carat gold is preferred for coins and bars, while 22 carat gold is commonly used for jewellery because it is more durable.
  • Check purity: Look for hallmark certification when buying gold. You can also seek help from a certified jeweller or professional gold assayer.
  • Compare costs: Along with the gold rate, consider making charges, taxes and other fees before buying jewellery.
  • Understand investment choices: Physical gold, Gold ETFs and Sovereign Gold Bonds offer different benefits. Your choice should match your financial goals.

How is gold price calculated in Aurangabad?

Gold price in Aurangabad is influenced by international gold prices, currency exchange rates, import duties, taxes, and local market demand. The rates published by bullion markets and industry bodies such as the India Bullion and Jewellers Association (IBJA) provide a benchmark for gold prices in India. Local jewellers then factor in their margins and other applicable charges while setting their selling rates. The final price can therefore vary between jewellers and may change several times during the day.


  • International gold rates: Global market movements affect domestic prices.
  • Currency value: Changes in the Indian rupee against the US dollar can impact gold rates.
  • Import duties and taxes: These add to the overall cost of gold.
  • Purity: 24K gold generally costs more than 22K or 18K gold.
  • Local demand: Buying trends in Aurangabad can also influence prices.

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

Historical gold rates in Aurangabad have generally reflected the wider movement in gold prices across India. While prices can fluctuate in the short term due to market and economic factors, recent data shows that gold rates in Aurangabad have experienced both rises and falls across different months. 



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 Aurangabad 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.

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


• International gold prices: Gold is traded globally. Any rise or fall in international gold prices directly affects gold rates in Aurangabad.
• USD-INR exchange rates: India imports a significant share 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 Aurangabad.
• 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 Aurangabad: 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 Aurangabad


Checking the purity of gold is important when buying gold in Aurangabad. Here are some commonly used methods to check gold purity:
• Acid tests: Acid solutions are used to observe the reaction of gold, which can help indicate its purity.
• X-ray fluorescence spectrometers: Analyse the composition of gold using X-rays to provide accurate purity readings.
• Electronic gold testers: Use electrical conductivity to quickly assess the purity of gold.
• Assay testing: Certified assayers melt gold samples to determine their purity accurately.
• Density testing: Measure gold density to calculate purity by comparing it with the density of pure gold.
By understanding these methods, individuals in Aurangabad can confidently check 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 Aurangabad 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 assessing the value of existing gold holdings.

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How does the gold price in Aurangabad 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 18K and 22K purity, while gold coins are accepted up to 24K purity. Your gold is stored in secured vaults with insurance cover for the entire loan duration. 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 considers lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to evaluate the loan amount against your gold jewellery, ornament or coin.
  • 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 gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Aurangabad, gold purity, and weight.


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

Frequently asked questions

Gold Purchase

Gold Price

What constitutes gold purchases in Aurangabad?

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

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

The taxes and charges on gold purchases in Aurangabad may include GST (Goods and Services Tax), making up 3% of the gold's value, along with any local taxes or levies. Additional charges such as making charges and hallmarking fees may also apply, varying based on the jeweller and gold purity.

The gold price in Aurangabad has seen recent fluctuations due to changes in global gold rates, currency movements and market demand. Buyers should check the latest gold price today in Aurangabad before making a purchase.

The gold rate today in Aurangabad depends on the purity of gold and market conditions. Rates can change during the day. Check the latest gold price today in Aurangabad before buying jewellery or making an investment.

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

To check 916 hallmark gold in Aurangabad, look for the BIS hallmark stamp indicating 22 karat purity. Additionally, verify the jeweller's authenticity and request a purity certificate. You can also use a gold testing kit or seek assistance from a certified gold appraiser for accurate assessment before making any purchases.

Checking gold rates in Aurangabad is crucial for making informed investment decisions. Gold prices can fluctuate due to various factors like market trends, demand, and international events. By staying updated with local rates, you can secure the best price when purchasing or selling gold. Monitoring these rates also helps in timing your investment, ensuring you buy gold when prices are lower and sell it when the rates are more favourable.

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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. *