The gold rate in India today, 11th June 2024, is Rs.6,586 per gram for 22 karat gold and Rs.7,185 per gram for 24 karat gold. The price of gold fluctuates daily due to various factors such as demand and supply, inflation, and global market conditions. Gold has been a perfect hedge against inflation over the years, and investors are increasingly looking at it as an important investment. The prices mentioned are indicative and do not include GST, TCS, and other levies. For the exact rates, one should contact their local jeweller or visit our gold rate page.

The gold rate of 1 Tola, also known as Tulam, in India as of 10th June 2024 is Rs.81,750.77 for 24 Karat gold. The term ‘Tola’ is a traditional Indian unit of weight, used in the Indian subcontinent. It is widely used in the gold market and jewellery stores. 1 Tola is equivalent to 0.375 troy ounces or approximately 11.66 grams. The price of gold per Tola varies based on the purity of the gold. For instance, the price for 22 Karat gold per Tola is Rs.74,883.71, for 21 Karat it’s Rs.71,531.92, and for 18 Karat it’s Rs.61,313.08.

Understanding the gold rate per Tola is crucial when buying or selling gold in India. It’s important to note that the rates fluctuate based on various factors such as global market conditions, demand and supply, and currency exchange rates. Therefore, it’s advisable to stay updated with the current gold rates and make informed decisions when dealing with gold transactions. Always ensure to check the purity and weight of the gold before making a purchase. Remember, the value of your investment in gold will be determined by the current gold rate on the day you decide to sell it.

The Tulam Gold rate refers to the price of gold in a specific weight measurement known as 'Tulam,' which is commonly used in South India, particularly in Tamil Nadu. One Tulam is equivalent to 11.66 grams. The current Tulam Gold rate varies depending on various factors, including global gold prices, domestic demand, and the purity of the gold. On any given day, the rate can fluctuate due to changes in the market conditions.

The rate of gold in India is influenced by the international gold prices, which are determined by global markets. Factors like geopolitical stability, the US dollar’s strength, inflation, and interest rates all play a part in impacting gold prices. In India, additional factors such as local demand, festivals, and marriage seasons can cause further fluctuations in the gold price.

Gold, being a precious metal, has seen a steady increase in value over the years. This rise is generally linked to global economic shifts, and investors often turn to gold as a safe-haven investment during periods of economic instability. For people looking to buy Tulam Gold, it’s important to stay updated with the current rate. Many banks and jewellers offer daily updates on gold prices, and these are influenced by the same factors that affect international gold rates. Keeping track of the Tulam Gold rate today will help in making informed decisions, whether for investment purposes or purchasing jewellery.

How is Tulam Gold price calculated?

The Tulam Gold price is calculated similarly to the regular gold price, but it is specifically based on the weight measurement known as a "Tulam," used primarily in South India. One Tulam is equivalent to approximately 11.66 grams. The price of Tulam Gold is derived by multiplying the current market price of gold per gram by the weight in Tulams.

The price for 1 Tulam of 24K gold would be calculated as:
Price per Tulam = Market price per gram × 11.66 grams.

This calculation method applies to both 22K and 24K gold. However, the price will differ based on the purity of the gold. Gold purity is expressed in karats (K), with 24K being the purest form. 22K gold is 91.67% pure, and this affects the pricing, as 22K gold is less expensive than 24K gold.

The Tulam rate also factors in local premiums, taxes, and additional charges such as making fees for jewellery. Different jewellers and gold dealers may offer slightly varying prices, depending on their location and market strategies. Additionally, gold prices fluctuate based on the international gold market and supply-demand dynamics. This constant fluctuation means that the Tulam Gold rate can change frequently, and buyers should stay updated on the current rates before making any purchase.

Understanding Tulam gold weight and its pricing

In regions like Tamil Nadu, the weight unit Tulam is commonly used to measure gold, especially in jewellery. One Tulam is equivalent to 11.66 grams. Understanding how Tulam Gold weight affects pricing is important for buyers, as the rate of gold is calculated based on weight.

When you purchase Tulam Gold, you are essentially paying for the amount of gold in terms of Tulams. The price is calculated by multiplying the weight of the gold in Tulams by the current gold rate per gram. For instance, if gold is priced at ₹7000 per gram, then 1 Tulam of gold would cost ₹7000 multiplied by 11.66 grams.

The pricing of Tulam Gold can be influenced by various factors, including the purity of the gold (22K or 24K), the jeweller’s margin, and market demand. Gold that is sold as jewellery often has additional costs like making charges, which are added to the base price of the gold.

The gold price in Tulams also fluctuates with global gold price trends. If global prices rise due to geopolitical events or changes in the stock market, the Tulam Gold price will increase correspondingly. On the other hand, during periods of low demand or economic stability, the price may decrease.

Understanding the Tulam weight system is vital, especially if you're planning to buy or sell gold in the local market, as the weight directly impacts the cost of the gold you’re dealing with.

Tulam gold rate today for 22K and 24K gold

The Tulam Gold rate for 22K and 24K gold is based on the current market price of gold, but the rates vary depending on the purity of the gold. 22K gold contains 91.67% pure gold, while 24K gold is 99.9% pure. As such, 24K gold tends to have a higher price than 22K gold due to its higher purity.

The rate for 22K and 24K gold is typically calculated per gram, and then for the specific weight unit of Tulam, which is 11.66 grams. To get the rate of 1 Tulam of 22K gold, you simply multiply the current price per gram of 22K gold by 11.66 grams. The same applies to 24K gold, but it is based on the price per gram of 24K gold.

Gold prices in India are highly dynamic, and they fluctuate based on several factors, including the international price of gold, the strength of the Indian rupee against foreign currencies, inflation, and seasonal demand. For example, during festival seasons or wedding periods, demand for gold often rises, which can cause prices to increase.

As Tulam Gold is often preferred for its traditional measurement in regions like Tamil Nadu, it is important to monitor the gold rate daily, especially if you're planning to buy or invest. Local jewellers and financial institutions will provide the most accurate and updated prices for Tulam Gold, and it’s advisable to check the current rate before making any purchase.

Historical trends in Tulam gold pricing

The price of Tulam Gold has fluctuated significantly over the years, reflecting both local and global economic changes. Historically, gold has always been seen as a safe-haven investment, and its price tends to rise during times of economic uncertainty, inflation, or geopolitical instability. These factors also contribute to changes in the Tulam Gold rate.

Looking at past trends, we can see that the price of Tulam Gold tends to increase during periods of high demand, such as the wedding season, festival periods, or economic inflation. For instance, during global crises or market recessions, the price of gold often rises as investors flock to it as a stable asset. In contrast, during periods of economic stability, gold prices may stagnate or decline slightly.

The historical price trends for Tulam Gold are also affected by seasonal changes. In India, the demand for gold peaks during festivals such as Diwali, Akshaya Tritiya, and Dussehra, which can lead to a rise in prices. Additionally, when gold is in high demand for jewellery, the prices can increase, especially if the gold is being sold in the form of jewellery with making charges.

While Tulam Gold prices are generally subject to the same fluctuations as other forms of gold, these trends give buyers an idea of when to buy or sell gold for maximum returns. Monitoring both domestic and international gold markets can help individuals track Tulam Gold pricing trends and make informed purchasing decisions.

Techniques to check the purity of Tulam gold

Gold, revered for its cultural significance and investment value, demands accurate purity assessment. In Burdwan, several methods are employed:

1. Hallmarking: The Indian Bullion Association evaluates gold purity and mandates hallmark symbols on jewellery. These symbols indicate the metal’s fineness and authenticity.
   
2. Specific gravity method: This non-destructive technique compares an item’s weight in air to its weight in water. Gold’s high specific gravity (approximately 19.3) distinguishes it from other metals and alloys.
   
3. Professional laboratory testing: Methods like X-ray fluorescence spectroscopy and Inductively Coupled Plasma Mass Spectrometry provide precise assessments of gold purity.
   
4. Electronic testing: Portable devices can quickly verify gold purity without damaging the item.

Ensuring gold purity is crucial for buyers and investors. By leveraging these techniques, Burdwan residents can confidently assess the authenticity and value of their gold. Remember, always consult experts or certified professionals for accurate assessments.

The impact of GST on Tulam gold rates

The implementation of GST has significantly impacted gold rates in Burdwan, West Bengal. The 3% GST on gold value and 5% GST on making charges has led to an overall increase in the cost of gold jewellery.

This price escalation has dampened demand for gold in Burdwan, as consumers find it more expensive to purchase gold ornaments or invest in gold. The liquidity associated with investing in gold has also been affected by the new tax structure, potentially discouraging some investors.

However, the GST system has brought more transparency to the gold market in Burdwan by requiring dealers to maintain records of every transaction. Additionally, the exemption of GST on gold supplied by notified agencies to registered jewellery exporters has helped boost the competitiveness of Burdwan's gold export industry in the international market.

Despite these changes, gold continues to be an important part of Burdwan's cultural heritage and a favoured investment avenue. Savvy buyers can navigate the GST landscape by making informed choices and exploring alternative investment routes to mitigate the impact of higher gold prices.

The value of 1 Tulam Gold Rate is determined by several factors:

1. Market price: The current market price of gold per gram or ounce is the primary factor. This price fluctuates based on supply and demand dynamics in the global market.
2. Purity: Gold’s purity, often measured in karats or fineness, affects its value. Pure gold (24 karat) is more valuable than gold of lower purity.
3. Weight: Gold is typically sold by weight, measured in grams, ounces, or tola. The weight of the gold piece contributes to its value.
4. Local factors: Local factors such as taxes, import duties, and dealer premiums can also affect the price of gold in a specific region.

In India, 1 Tola is traditionally equivalent to approximately 11.6638 grams of gold. Therefore, the value of 1 Tulam Gold would be the current market price of gold per gram multiplied by 11.6638.

Understanding the value of 1 Tulam Gold Rate requires knowledge of the current gold market price, the weight of the gold piece, its purity, and any local factors that may apply. It’s important for buyers and sellers to stay updated with the latest gold rates to ensure fair transactions.

Current tulam gold rate and its impact on gold loans

The current Tulam Gold Rate, which is the price of gold per Tola (approximately 11.6638 grams), fluctuates based on factors such as global market trends, central bank reserves, and supply-demand dynamics. This rate directly impacts gold loans.

Gold loans are financial products where gold jewellery is pledged as collateral. The loan amount is determined by the value of the gold, which is directly influenced by the current gold rate. When gold rates are high, borrowers can secure a higher loan amount. Conversely, a dip in gold rates might reduce the potential loan value.

The Loan-to-Value (LTV) ratio, which is the ratio of the loan amount to the value of the pledged gold, is another critical factor. The Reserve Bank of India has capped the LTV at a maximum of 75% of the gold’s value. Therefore, fluctuations in gold rates can significantly impact the LTV and consequently, the loan amount.

The Tulam Gold Rate plays a crucial role in determining the value of gold loans. Borrowers and lenders must closely monitor these rates to make informed decisions regarding gold loans.

How tulam gold rate affects gold loan value

The Tulam Gold Rate, which is the price of gold per Tola (approximately 11.6638 grams), directly impacts the value of gold loans. Here’s how:

1. Loan-to-Value (LTV) ratio: This ratio determines the loan amount you can avail against the total value of the gold assets pledged by you. As per RBI, the permissible LTV for gold loans is up to 75% of the gold’s worth. When gold prices rise in the market, the available loan amount surges simultaneously. However, when the gold price deflates, you have to pledge more gold assets to avail of the same amount of gold loan as before.
2. Gold purity: The purity of the gold you pledge also affects the loan value. Lenders use professional loan evaluation tools to check gold purity.
3. Fluctuations in gold price: If you have an existing gold loan, lenders may ask you to deposit a pre-payment of the sanctioned loan amount. It reduces the risk borne by the gold loan providers.

Steps to secure a gold loan based on tulam gold rate

Securing a gold loan based on the Tulam Gold Rate involves several steps:

1. Gold loan application: Initiate the process by visiting the lender’s official website or branch for applications.
2. Submission of gold: Physically visit the lender’s branch to submit your gold assets as collateral.
3. Evaluation of gold: The lender will evaluate the purity and weight of your gold, which will determine the loan amount you can avail.
4. Documents required: Submit necessary documents such as identity proof, address proof, and income proof.
5. Loan disbursal: After verification and approval, the loan amount will be disbursed to your bank account.

The Tulam Gold Rate directly impacts the loan amount you can avail. Higher gold rates can increase the loan amount, while lower rates might reduce it. It’s crucial to monitor these rates to make informed decisions.

Gold loan provide attractive features such as minimal documentation, flexible repayment options, and competitive interest rates, which are crucial for borrowers during high gold rate periods.

Gold Loan Interest rates start from 9.5% per annum, making it a viable option for those needing quick funds.

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