gold

Today Gold Rate in Ratlam is Rs. 47,311.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 47,311.00

( 24 Karat, 10 grams )

24 Karat, 10 grams

Gold Price for Today Rs. 47,311.00

Gold Price for Yesterday Rs. 47,391.00


22 Karat, 10 grams

Gold Price for Today Rs. 45,351.00

Gold Price for Yesterday Rs. 45,431.00

Updated: 26-05-2021 08:28:19 AM

Ratlam, also known as Ratnapuri, is a city in the Malwa region of Madhya Pradesh. Gold in Ratlam is seen as a predominant financial commodity. People in Ratlam purchase gold in the form of jewellery, coins, bullions, funds etc. Like all other Indian cities, Ratlam too depends upon the import of gold. Also, the gold rate in Ratlam tends to change on a daily basis depending upon a number of factors. Here’s a complete analysis of the fluctuation in the gold rate in Ratlam city.

Trend of Gold Rate in Ratlam (MP) for last 10 days



Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm

31st August 2021 Rs. 47,311.00 Rs. 45,351.00

30th August 2021 Rs. 47,391.00 Rs. 45,431.00

29th August 2021 Rs. 47,391.00 Rs. 45,431.00

28th August 2021 Rs. 47,411.00 Rs. 45,466.00

27th August 2021 Rs. 47,371.00 Rs. 45,431.00

26th August 2021 Rs. 47,411.00 Rs. 45,466.00

25th August 2021 Rs. 47,611.00 Rs. 45,666.00

24th August 2021 Rs. 47,171.00 Rs. 45,241.00

23rd August 2021 Rs. 47,211.00 Rs. 45,286.00

22nd August 2021 Rs. 47,211.00 Rs. 45,286.00

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Factors that Influence Gold Prices in Ratlam

Below mentioned are some of factors that play a contributing role in the frequent fluctuations in the price of gold-

  1. Rate of Inflation- Gold is seen as the most safe and reliable investment option, especially when the market is reeling from inflation. During such times, the demand for gold rises hence impacting its prices.
  2. Gold Reserves- The Reserve Bank of India (RBI) maintains the gold reserves for the entire country. Whenever there is a decrease in the supply of gold, the price of gold tends to rise.
  3. Change in Rate of Interest- When the interest rate is decreased, people generally sell gold for cash and with an increase in the supply of gold, the price also falls.
  4. Jewellery Market Scenario- During festival and wedding seasons, people tend to purchase more gold. The jewellery market rakes in profits and hence the price of gold is impacted.
  5. Rate of US Dollar- Dollar and gold share an inverse relationship. The increase in one leads to drop in another and vice versa.

How are Gold Rates Decided in Ratlam?

Gold in India is majorly imported by banks, who in turn supply this gold to the bullion dealers across the country. IBJA or Indian Bullion Jewellers Association plays an important role in deciding the gold rate in the country.

IBJA decides the prices by taking into account the ‘buy’ and ‘sell’ quotes provided by the top gold dealers. IBJA then takes the average of these ‘buy’ and ‘sell’ quotes and determines the gold rate for a particular day based on this average. This average rate is adjusted for local taxes and a rate is fixed accordingly.

Last 4 Months Trend of Gold Rate in Ratlam

Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,541.00
Rate on 31-July-202148,391.00
Highest Rate48,401.00
Lowest Rate47,541.00
Month PerformanceDecline
% Change-1.79 %
Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,541.00
Rate on 31-July-202148,391.00
Highest Rate48,401.00
Lowest Rate47,541.00
Month PerformanceDecline
% Change-1.79 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,165.00
Rate on 31-May-202147,165.00
Highest Rate47,165.00
Lowest Rate47,165.00
Month PerformanceRising
% Change0.00 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,165.00
Rate on 31-May-202147,165.00
Highest Rate47,165.00
Lowest Rate47,165.00
Month PerformanceRising
% Change0.00 %

Impact of GST on Gold Rate in Ratlam

Along with the international trends, the implementation of the Goods and Services Tax (GST) has also impacted the price of gold in Ratlam city as well as the whole country. The tax on gold jewellery is now 3% which is exclusive of 1.5% VAT and 1% excise duty which was levied earlier. The final jewellery bills are now inclusive of 3% GST, 10% custom duty and 5% taxes on processing charges.

This change has increased the total cost by 1.6% leading to a marginal increase in the gold rate. The advantage is that the buyers can now purchase gold from small and big scale dealers at the same price.

Things to Consider Before Buying Gold in Ratlam

Today gold rate in Ratlam is subject to a number of influencing factors. Hence, before you make a purchase, it’s important to consider the below listed points-

  • Purity of gold- You should not purchase any gold item without checking its purity. If you are purchasing gold jewellery, you should buy 22 Karat gold and if gold coins or bars, you should go for 24 Karat gold
  • Weight of the item- The price of gold is calculated on the basis of its weight. The more the weight the more will be the cost. Make sure to check the weight twice or thrice before buying
  • Labor Charges- Every jeweller levies making or labour charges in the total bill of the gold jewellery purchased. It is advisable to go buy from the seller offering the lowest making charges
  • Present day gold rate- The rate of gold varies from one city to another. Hence, it is advisable to check the present day gold rate before making the purchase
  • Certification- To ensure the authenticity of the gold, make sure that the dealer provides you with a purity certificate. This purity or hallmark certificate allows you to exchange the item in the future at the then current rate

About 916 Gold Price Today in Ratlam

In India, 22K Gold is termed as 916 Gold. The number 916 is actually used to donate the purity of gold in the final product. It means 91.6 grams of pure gold in 100 grams of alloy. The figure 916 is thus 22 Karat by 24 Karat (22/24).

The 916 gold is considered ideal in making gold jewellery as the 24K (pure) gold is too soft to be converted into jewellery. Hence, it is advisable that you should buy 916 purity gold as it is considered to be the best quality gold for making jewellery.

How can you make Gold Investments in Ratlam?

There are a number of ways in which you can invest in gold. Below listed are the few viable investment options-

Gold Coins

You can invest either in 24K or 22K gold coins. You can make the purchase directly from the bank or from any trusted store.

Gold Jewellery

This is one of the most common ways of investing in gold. It is to be noted that the purchase of gold jewellery will include making charges also. Make sure to buy only certified jewellery.

Gold Bullions

Bullions are much bigger in size when compared to coins. These are available in the form of bars or slabs and are considered to be a decent investment option.

Exchange Traded Funds

Investing in gold traded funds is a reliable option to keep your money safe without the hassle of storing it safely. You can easily exchange them for cash during any financial emergency.

Frequently Asked Questions (FAQs)

Q. What is meant by 916 hallmark gold?

916 gold means 22 K gold, which is 91.6 grams of pure gold in 100 grams of gold. 916 hallmark gold or BIS 916 gold means the gold jewellery you are buying is certified by BIS for the given purity level.

Q. Why is pure gold not suitable to make gold jewellery?

24K gold is too soft to be converted into jewellery; although coins and bars are mostly bought of 24K as it fetches more value when compared with 22K, 18K coins. Hence, most of the jewellers use 22K or 18K gold to make gold jewellery as it is more durable.

Q. How does the fall of Indian rupee affect the gold price?

The price of gold in India depends on international price of gold, dollar-rupee equation, and import duty on gold amongst other factors. The landed cost of gold in India shares a correlation with the rupee-dollar equation. However, it doesn’t affect global gold prices. India largely imports gold and hence, if the rupee weakens against the dollar, gold prices will likely appreciate in rupee terms and vice versa.

Q. What is the resale value of gold?

Resale value of gold primarily depends on the purity, KT (karat) and net weight of the gold.

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