gold

Today Gold Rate in Gwalior is Rs. 47,146.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 47,146.00

( 24 Karat, 10 grams )

24 Karat, 10 grams

Gold Price for Today Rs. 47,146.00

Gold Price for Yesterday Rs. 47,272.00


22 Karat, 10 grams

Gold Price for Today Rs. 46,145.00

Gold Price for Yesterday Rs. 46,269.00

Updated: 26-05-2021 08:01:46 AM

Investors who want to safeguard their money from inflation or economic uncertainty can invest in gold in the form of physical gold, gold funds, gold ETFs or Sovereign Gold Bonds. Gold is also a liquid asset meaning it can be easily converted into cash. Residents of Gwalior should know the Gold rate in Gwalior before investing.

Trend of Gold Rate in Gwalior for last 10 days



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

31st August 2021 Rs. 47,146.00 Rs. 46,145.00

30th August 2021 Rs. 47,272.00 Rs. 46,269.00

29th August 2021 Rs. 47,272.00 Rs. 46,269.00

28th August 2021 Rs. 47,252.00 Rs. 46,269.00

27th August 2021 Rs. 47,308.00 Rs. 46,323.00

26th August 2021 Rs. 47,336.00 Rs. 46,351.00

25th August 2021 Rs. 47,504.00 Rs. 46,520.00

24th August 2021 Rs. 47,056.00 Rs. 46,082.00

23rd August 2021 Rs. 47,084.00 Rs. 46,113.00

22nd August 2021 Rs. 47,084.00 Rs. 46,113.00

Also Check For:

Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai

Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur

How is the Gold Rate decided in Gwalior?

The Gold Rate in Gwalior and India is primarily dependent on the International gold value. The international rate is determined by London Over-the-Counter (OTC) spot gold market trading and America’s COMEX (Commodities Exchange) gold futures trading.

The gold rate in Gwalior is determined after excise duties, state and other local taxes are taken into account. It is for this reason you will find that different cities sell gold at different rates.

GST on Buying Gold in Gwalior

Currently, 3% GST is charged on gold items which include jewelry, coins, bullions, and so on. Jewelers who outsource the jewelry crafting are charged 5% GST on the making fee. At the time of purchase it is the consumer who ends up bearing this charge. However, this 5% GST won’t be marked separately on the bill but covered under making charges.

Last 4 Months Trend of Gold Rate in Gwalior

Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,358.00
Rate on 31-July-202148,296.00
Highest Rate48,320.00
Lowest Rate47,358.00
Month PerformanceDecline
% Change-1.98 %
Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,358.00
Rate on 31-July-202148,296.00
Highest Rate48,320.00
Lowest Rate47,358.00
Month PerformanceDecline
% Change-1.98 %
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 %

Factors That Affect Gold Prices in Gwalior

Gold Rate in Gwalior is affected by many factors. Some of them are:

International Gold Price – International gold rate ultimately decides the gold rate in India. This is because India imports almost all of its gold. Thus, when the gold rate appreciates internationally Indian gold rate appreciates too. 

Strength of American Currency – International gold rate is denoted in American Dollars (USD) and the two are in inverse relationship. This means whenever the dollar appreciates the value of gold depreciates. This is because a strong dollar curtails gold’s demand. If all else remains the same a low demand reduces the international gold rate. 

Strength of Indian Rupee – India imports its gold to meets its demand. When the value of Rupee against the US dollar decreases it will buy less gold. Hence, during such times the gold rate in Gwalior and India will rise.

Demand and Supply – If everything else except demand and supply remain constant, then gold rate will increase if its supply decreases or demand increases.

Monsoon – Rural consumption makes up for 60% of India’s gold demand. And wealth in rural areas mostly comes from agriculture which is dependent on monsoon. When India gets a good monsoon, gold’s demand increases and the gold rate rises too.

Geopolitical Factors – Gold provides a safe haven for people’s money in times of political turmoil. When more people invest in gold the demand increases which increases its prices as well.

Things to Consider before buying Gold in Gwalior

Purity – Pure gold is expensive. Thus, it is advisable to buy 24 K gold articles for investment.

BIS Hallmark – Hallmark gold items are more expensive than non-hallmarked items. BIS only hallmarks 22K, 18K and 14 K gold items.

Making Charges – A jeweler might charge you a high making fee. Therefore, it is in your best interest to get your jewelry made at a place that charges competitive fee. 

Weight of the Article – At times, jewelers might charge you more than the weight of the gold article. To protect yourself from such occurrences you can get the item weighed by a third party.

Invoice – Invoices act as a proof of purchase and list important details related to the gold item. Keep your gold invoices safe.

Suggested Read: Digital Gold – A Smart Way to Invest in Gold

Compare Gold Rate in Gwalior – 22 Karat vs 24 Karat

Purity of gold is marked in Karats. It employs fractional method to measure purity of the gold item. It shows how many parts of pure gold are present per 24 whole parts in the article.

  • Pure gold is marked as 24 Karat. It means all parts of the item are composed of gold alone
  • 22 Karat gold means that out of 24 parts of the gold article 2 are not gold while the other 22 are

24 Karat gold items are more expensive than 22 K Gold items.

Gold Investment Options in Gwalior

Different ways to invest in gold are:

Gold Coins & Bars

Gold coins, bullions, gold bars are some forms of physical gold that can be invested in. These can be bought from a bank, e-retailer, Stock Holding Corporation of India, jeweler, MMTC (Metals and Minerals Trading Corporation of India) and NBFCs.

Gold Exchange Traded Fund (ETF)

Gold ETF demarcates physical gold on paper. Here, 1 Gold ETF unit is equal to 1 gram of pure gold. Gold ETF can be traded in cash alone. Moreover, Gold ETF rates are not affected by local tariffs and duties. Thus, you can trade Gold ETF at same rate all over the country. They are also liquid asset.

Sovereign Gold Bonds (SGBs)

Reserve Bank of India, on behalf of Government of India, issues SGBs which are a form of securities. Here, 1 bond represents 1 gram of 24 K gold.

Note: SGB come with a lock in period of 5 years with the total tenure being 8 years long. However, they give interest on initial investment at 2.5% p.a. with tax exemption on long-term capital gains. You also get the market value of gold upon maturity.

Frequently Asked Questions (FAQs)

Q. Who can buy Sovereign Gold Bonds?

Resident Indians, Hindu Undivided Families (HUFs), Trusts, Universities and charitable institutions can invest in the Sovereign Gold Bond schemes.

Q. Can I sell my gold coin back to the bank?

No, you cannot sell the gold item back to the bank.

Q. What documents are required to invest in gold?

Know Your Customer (KYC) documents are required when you buy gold worth Rs. 2 lakh in a transaction. It is also required when you buy Sovereign Gold Bonds. However, Gold ETFs don’t require KYC compliance as that is fulfilled at the time of Demat account opening.

Q. What are gold funds?

It is an investment fund against assets related to gold. Commonly gold funds are issued against physical gold bullion/gold futures contracts or stocks in gold mining companies.

Q. What are the top performing gold funds in India?
Top performing gold funds in India are:

  • Reliance Gold Savings Fund
  • Kotak Gold Fund
  • SBI Gold Fund

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