Here is a quick read up for the ease of discovering gold rate in Jharkhand. You can discover updated price of the metal here, on a daily basis.
We can most certainly predict its trend, which might help us gain better profits out of the all the gold investments.
That’ why, we’ve devised a series of articles to grant you a hold of this prophecy of some sort. It’s also the reason why we’re so inclined to help you understand all about gold rate in Jharkhand Today.
So, in the process, you’ll find some rather meaningful historical data. We’ll help you decipher this data. We’ll guide you through some important explanations concerning the data. In fact, we’ll even present you with the understanding of types of gold you must invest upon.
We’ll then move on to disclose the types of taxes incurred on gold rate in Jharkhand and, finally we’ll help you plot the right trend for the gold rate movements throughout 2019 and 2020. In short, this is how we tend to present to you the gold rate in Jharkhand live!
22 Carat Gold Rate in Jharkhand – Gold Price in Jharkhand Today
The Gold price in Jharkhand today is given in this section of the article. This way, you can decide how justified the rate for fetching a gram of 22 carat gold is.
Speaking of which, you must understand few things to acknowledge its value. You see, we as individuals are inclined towards the ornamental properties of gold.
However, the pure gold or the 24 carat gold (as it’s known) doesn’t prove much helpful in that particular endeavour. This is because of the fragile nature of the yellow metal.
However, the potent solution to this problem is by imply mixing 22 parts of pure gold with mere 2 parts of silver of nickel.
This way, we tend to provide some strength to the metal. That in turn enables us to fulfil all our wants with gold. Price from yesterday is as well provided in this section, alongside the percentage and numerical change.
24 Carat Gold Rate in Jharkhand Today – Gold Price in Jharkhand
We’ve established the value and use of 22 carat gold among us. However, this part is dedicated to educating you on pure gold price in Jharkhand.
You see, pure gold or 24 carat gold is obviously more valuable in nature. That’s because of three main reasons.
The first reason is that it is pretty much inert in nature and, that property alone qualifies it to make huge moulds of 22 carat gold. That gold turns out to be used for all sorts of ornamental transitions in later parts.
The second reason for its value resides in the fact that it is seen as economic equivalent. In simple words, pure gold is reserved by most central banks around the world.
This process enables them to grant certain value to their respective currencies. This establishes the concerning countries power, in terms of worldwide economic dominance.
The third and the most important reason is its elastic economic nature. This means that it rises in value every time there’s a crisis.
That’s why; it is referred to as the counter balance in investment portfolios of individual investors! Anyway, 24 carat gold rate in Jharkhand from yesterday and today is provided in the table.
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|Jharkhand Gold Investment Calculator||Gold Rate Calculator of Jharkhand|
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Gold Price in Jharkhand for Last 15 Days
Since this article is meant to aid you in research across gold price fluctuations, this part has a special significance.
It acts as the beginning of the research by granting some data. It provides the data relevant to recent changes across gold price in Jharkhand.
In fact, it grants you the access to the historical data for the last 15 days. This will help you get on track with our research approach and, thus give you the requisite insight so as to trade in gold with assured profit.
Find Gold Rates of other Indian Cities & States
|Gold Rate in Kochi||Gold Rate in Chennai||Gold Rate in Kerala||Gold Rate in Mysore|
|Gold Rate in Bangalore||Gold Rate in Delhi||Gold Rate in Hyderabad||Gold Rate in Vizag|
|Gold Rate in Mumbai||Gold Rate in Pune||Gold Rate in Kolkata||Gold Rate in Jaipur|
Graph of Gold Rate Today in Jharkhand – Also Past Gold Price in Jharkhand
We’ve included this particular section just to ease your research. We’ve carved a graph within this section so as to give you a clearer picture of the scenario with gold rate in Jharkhand across the different past intervals.
This will even give you some hints as to how the current prices of the respective gold categories are evaluated in the first place. So, we’d rather suggest you look at this graph!
Gold Price in Jharkhand – Past 6 Months Price
Considering gold rate in Jharkhand has been a subject to frequent change, it is advisable to use rather discrete ways to commence research. That’s why; the next few sections include the relevant data on gold rate changes in a monthly manner.
We’ve chosen the past 6 months to show the historical data, which covers all the important phases that lead to a deteriorated or elevated gold price in our country and its subsequent states.
Gold rate analysis in Jharkhand for August 2020
|Gold Rates in August 2020||22 Carat Gold Rate||24 Carat Gold Rate|
|01-08-2020||₹ 5,177||₹ 5,437|
|08-08-2020||₹ 5,476||₹ 5,753|
|15-08-2020||₹ 5,178||₹ 5,441|
|22-08-2020||₹ 5,255||₹ 5,521|
|31-08-2020||₹ 5,048||₹ 5,296|
|Highest Rate in August||₹ 5,517||₹ 5,792|
|Lowest Rate in August||₹ 5,016||₹ 5,270|
Jharkhand is a developing state that houses numerous big industries and steel plants. It is also the home for thousands of gold traders who deal in both of the forms of this precious yellow metal. People here love wearing gold jewelry and jewelry shops make a good amount of profit every month.
The sudden outbreak of the pandemic and the prolonged lockdown following it has affected gold trading immensely. However, traders have started their business transactions once again after the lockdown was over.
This article will give a detailed idea about the latest gold rates in Jharkhand for August 2020. Readers from this state who are looking forward to investing in this commodity should read the points mentioned below carefully.
- The highest rate recorded for one gram of 22 Ct Gold was Rs.5517 and that for 24 Ct Gold was Rs.5792 per gram
- Gold rates touched the lowest mark towards the end of the month and they were Rs.5016 for 22 Ct and Rs.5270 per gram for 24 Ct Gold
- This precious metal had an opening price of Rs.5177 per gram in the category of 22 Ct Gold
- 24 Ct Gold was priced at Rs.5437 per gram on the first of the month and Rs.5296 per gram on the 31st
- The performance percentage calculated for 22 Ct Gold was 9.99% and that for 24 Ct Gold was 9.91% which can be called quite high
July 2020, Gold Rate Movement in Jharkhand
|Gold Rates in July 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-07-2020||₹ 4,773||₹ 5,007|
|08-07-2020||₹ 4,765||₹ 5,004|
|15-07-2020||₹ 4,829||₹ 5,074|
|22-07-2020||₹ 4,844||₹ 5,082|
|31-07-2020||₹ 5,179||₹ 5,435|
|Highest Rate in July||₹ 5,179||₹ 5,436|
|Lowest Rate in July||₹ 4,731||₹ 4,962|
We have documented a table with columns stating the price details in regards to 22 carat and 24 carat gold. Both the gold categories represent the highest and lowest prices. We have also evaluated the percentage performance for both the gold segments. We have added the gold figures date wise particularly we have picked the dates at a 7 days interval. Therefore stay tuned to catch up the details below.
- The highest price for 22 carat gold was recorded as Rs 5,179.
- The lowest price for 22 carat gold was Rs 4,731.
- Highest price for 24 carat gold was Rs 5,436.
- The lowest price for 24 carat gold was Rs 4,962.
- Percentage performance of 22 carat gold was 9.47%.
- The percentage performance analysis of 24 carat gold was 9.55%.
- On the whole, the percentage price difference between 22 carat and 24 carat gold is not much.
June 2020, Gold Rate Movement in Jharkhand
|Gold Rates in June 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-06-2020||₹ 4,574||₹ 4,806|
|08-06-2020||₹ 4,593||₹ 4,822|
|15-06-2020||₹ 4,629||₹ 4,859|
|22-06-2020||₹ 4,743||₹ 4,979|
|30-06-2020||₹ 4,771||₹ 5,008|
|Highest Rate in June||₹ 4,782||₹ 5,019|
|Lowest Rate in June||₹ 4,564||₹ 4,790|
June 2020 plays an important role while determining the performance of gold in Jharkhand for this year. This month witnessed motion in the gold market as the country was getting unlocked after a severe lockdown.
The monthly performance of the gold rate for June in this state is explained thoroughly below for giving a clear picture to readers.
- One gram of 22 Ct Gold ranged between the highest and lowest rates of Rs.4782 and Rs.4564 respectively
- 24 Ct Gold rate touched the highest price of Rs.5,019 in this month and the lowest price marked was Rs.4,790
- The price of 22 Ct Gold was a bit lower in the second week of June but it increased steadily henceforth
- 24 Ct Gold rate showed a good amount of fluctuation throughout the month and attained the highest value on the last day of the month
- The performance percentage for 22 Ct Gold was 4.78% and the same for 24 Ct Gold was 4.78%
May 2020, Gold Rates in Jharkhand
|Gold Rates in May 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-05-2020||₹ 4,482||₹ 4,703|
|08-05-2020||₹ 4,527||₹ 4,753|
|15-05-2020||₹ 4,564||₹ 4,792|
|22-05-2020||₹ 4,627||₹ 4,854|
|31-05-2020||₹ 4,573||₹ 4,806|
|Highest Rate in May||₹ 4,653||₹ 4,891|
|Lowest Rate in May||₹ 4,427||₹ 4,593|
This section is dedicated to recoding and showcasing gold rates in Jharkhand. So, the table you see underneath displays the data from 5 specific points. The points we refer to here are basically dates on which gold price readings were collected.
Analysis of Gold Rate in Jharkhand, May-2020
There’s a lot more that the table has to share. Now, we understand if you find the table a bit complex to decipher. That’s why we’ve drafted the explanation to the table as well:
- Each of the rows is dedicated to show the rate of gold on a specific date against a specific carat segment. Moreover, the table even constitutes of the high and low readings throughout the given month and, on top of all, it shows how the gold rates for both the segments performed during the month.
- We begin by detailing the 22 carat gold segment. You see, lowest gold rate in Jharkhand per gram during May 2020 was acknowledged to be worth Rs. 4,427.
- Having said that, we must even inform you that the same segment even achieved a high marking worth Rs. 4,653.
- As far as the 24 carat gold segment is concerned, things went a bit differently. It recorded the lowest value throughout May 2020 at Rs. 4,593.
- However, the prices for this segment even shot up to make it worth Rs. 4,891.
- The performances of both the segments were considerably low. We say this not merely in comparison to their respective performances during other months, but also in comparison with other states during the same month! The 22 carat gold segment was marked to have performed at 5.76%. However, the 24 carat counterpart registered a performance worth 7.05%.
April 2020, Gold Rate Movement in Jharkhand
|Gold Rates in Apr 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-04-2020||₹ 4,068||₹ 4,270|
|08-04-2020||₹ 4,068||₹ 4,266|
|15-04-2020||₹ 4,068||₹ 4,268|
|22-04-2020||₹ 4,608||₹ 4,832|
|30-04-2020||₹ 4,536||₹ 4,765|
|Highest Rate in Apr||₹ 4,620||₹ 4,847|
|Lowest Rate in Apr||₹ 4,061||₹ 4,264|
Gold rate movement in Jharkhand turned out to be quite interesting during April 2020. This is typically the month that helped the gold rates perform at their zenith.
Analysis of Gold Rate in Jharkhand, April-2020
April 2020 sought the period when the lockdown was in its final stage. This was also the month that saw humongous fluctuations in the stock market. Anyway, here’s what we figured out from the table above:
- Gold rate for 22 and 24 carat segments remained mostly stable during the first 3 weeks. However, you may observe a steep inclination in prices during the 4th This growth continued towards the end of the month as well.
- The lowest gold rate in Jharkhand per for the 22 carat segment was registered at Rs. 4,061.
- The segment recovered from the low zone with ease during the 4th week nonetheless. However, its highest price was recorded during the last week. It was them articulated to be worth Rs. 4,620 per gram.
- Data collected for the 24 carat segment were a bit different. The lowest articulation for this segment was worth Rs. 4,264. This was taken during the transition from 1st to 2nd
- The highest price for the segment was recorded to be worth Rs. 4,847. This was taken some time during the 4th and the 5th week!
- This month proved to be the best in terms of performance for both segments. Each of them performed rather competitively. The 22 carat segment made a mark of worth 13.77%. On the other hand, the 24 carat segment performed close by at 13.67%.
March 2020, Gold Rate Movement in Jharkhand
|Gold Rates in Mar 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-03-2020||₹ 4,103||₹ 4,307|
|08-03-2020||₹ 4,367||₹ 4,591|
|15-03-2020||₹ 4,247||₹ 4,465|
|22-03-2020||₹ 4,016||₹ 4,220|
|30-03-2020||₹ 4,067||₹ 4,265|
|Highest Rate in Mar||₹ 4,353||₹ 4,572|
|Lowest Rate in Mar||₹ 3,968||₹ 4,160|
It must be clear to you by now that gold price movement in Jharkhand has been wavy recently.:
- Let’s begin by glancing at the 22 carat segment during this period. Lowest gold price in Jharkhand per gram in this period was worth Rs. 3,968.
- This price was however escaped by the segment during the 2nd week itself. The highest price recorded then was equivalent to Rs. 4,353.
- The price range for the 24 carat segment varied from that pf the 22 carat nevertheless. The lowest price for this segment was worth Rs. 4,160. Although, the highest price gained by this segment was worth Rs. 4,572.
- Highest prices were gained by the respective segments during 2nd week of March 2020. The prices dropped till 4th week before escalating again!
- The segments performed at 10.06% and 10.36% respectively.
February 2020, Gold Price Movement in Jharkhand
|Gold Rates in Feb 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-02-2020||₹ 4,005||₹ 4,205|
|08-02-2020||₹ 3,965||₹ 4,163|
|15-02-2020||₹ 4,014||₹ 4,215|
|22-02-2020||₹ 4,159||₹ 4,371|
|29-02-2020||₹ 4,172||₹ 4,379|
|Highest Rate in Feb||₹ 4,230||₹ 4,439|
|Lowest Rate in Feb||₹ 3,965||₹ 4,163|
Feb 2020 was the time when India faced subtle political issues. These issues in turn impacted the stock market a little. However, the effect wasn’t felt on a larger scale so, the gold prices increased, albeit with a mild increment.
Go through the table and its explanation underneath:
- Gold rate in Jharkhand was pretty much stable throughout this entire month. Although, there were minor shifts, no major hikes or shrinks were observed. The lowest price acquired by this segment during this period was worth Rs. 3,965.
- The highest price for the segment didn’t vary much either. It was recorded at a range of Rs. 4,230 per gram.
- Price differences in the 24 carat segment were similar. However, the price shift ranges were a lot different than the 22 carat counterpart. The lowest recorded price in this segment during Feb 2020 was worth Rs. 4,163.
- The segment reached its highest mark during the 5th week of the month. This time, its rate was registered at a price point of Rs. 4,439.
- Price escalations for both the segments can be seen in an incremental order from the 1st to the 5th week respectively.
- The performance for the segments remained similar as well. They performed nearly at 7% mark.
January 2020, Gold Price Movement in Jharkhand
|Gold Rates in Jan 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-01-2020||₹ 3,840||₹ 4,034|
|08-01-2020||₹ 3,980||₹ 4,182|
|15-01-2020||₹ 3,885||₹ 4,079|
|22-01-2020||₹ 3,960||₹ 4,157|
|30-01-2020||₹ 3,966||₹ 4,162|
|Highest Rate in Jan||₹ 4,053||₹ 4,255|
|Lowest Rate in Jan||₹ 3,840||₹ 4,034|
Gold price in Jharkhand during Jan 2020 had its separate significance in study. It was new year, and the prices were smoothly moving upwards given the clear transition in the year. However, it is still important to understand the shifts that occurred during this month. So, here we go:
- 22 carat gold price in Jharkhand during this moth transitioned with a range of Rs. 165. The lowest price for the segment was recorded to be worth Rs. 3,840.
- However, it even touched a mark of Rs. 4,053 per gram.
- The price range for the 24 carat segment was nearly this as well. it achieved a highest worth Rs. 4,255 per gram.
- However, its lowest value was articulated on the 1st day of the month itself. The value at that time was equivalent to Rs. 4,034 per gram
- The 22 carat segment’s performance was marked to be worth 5.55%. However, the performance for the 24 carat segment made an impact equivalent to 5.48%
December 2019, Gold Rate Movement in Jharkhand
|Gold Rates in Dec 2019||22 Ct Gold Rate||24 Ct Gold Rate|
|01-12-2019||₹ 3,764||₹ 3,952|
|08-12-2019||₹ 3,722||₹ 3,908|
|15-12-2019||₹ 3,704||₹ 3,891|
|22-12-2019||₹ 3,755||₹ 3,940|
|30-12-2019||₹ 3,842||₹ 4,037|
|Highest Rate in Dec||₹ 3,842||₹ 4,037|
|Lowest Rate in Dec||₹ 3,704||₹ 3,887|
Gold rate in Jharkhand was even on the rise during the year 2019. In fact, you can evidently find its traces by simply looking at the rate fluctuations during the last month of the year. Here are some of the most interesting facts we found about the rate trend during this month:
- Let’s begin by telling you about the 22 carat segment. So, this segments highest value never escaped a figure equivalent to Rs. 3,842. This was considerably low in contrast to any of the months’ price in 2020.
- Anyway, the segment even reached a lowest value worth Rs. 3,704 during this period.
- The 24 carat gold rate in Jharkhand however, performed a bit better. The highest value reached by this segment was worth Rs. 4,037.
- And, the least value it ever dropped to in this month was worth Rs. 3,887 per gram
- The segments performed at 3.73% and 3.86% respectively!
Gold Rate in Jharkhand – Trend in 2020
Gold rate trend in Jharkhand seems to be negative since the past few days. However, that statement must not be conclusive at the moment.
That’s because of the counteractive curve it’s demonstrated not so long ago. Today gold rate in Jharkhand for the 24 carat segment has already been stated.
However, it initiated its journey in this year at a much lower price. The price has shown a positive curve during most of the year.
Although, there have been a few incidents that suggested in the other direction. We’re referring to the very specific phase between 22n March 2020 to 20th April 2020.
The price for both the segments remained unclenched during this period. The former valued at Rs. 4,060 per gram while the later valued at Rs. 4,263 per gram! Nevertheless, the price seems to be on a downward spree since 3rd July 2020.
Check out Gold Rates of more cities & states
Gold Rate in Jharkhand – Trend in 2019
Given the current scenario, one must consider that gold rate trend 2019 in Jharkhand must have been a negative one.
However, the data pertaining to historical gold rate trend in Jharkhand suggest otherwise. You see, the 22 carat gold prices ranged in this period between Rs. 3,017 to Rs. 3,799 per gram.
All we can say is that, the trend for the year 2019 was a positive one!
What makes Gold Rates in Jharkhand to increase?
Gold rates keep on fluctuating throughout the world. There are many facts that contribute to this. However, you must understand that countries that yield gold are less impacted by these factors.
Nevertheless, India is not amongst those countries. So, here are some of the most important factors that elevate gold prices in Jharkhand and other states of India:
- India imports significant loads of gold. In fact, we register ourselves as one of the largest importers of the yellow metal throughout the world. This might have been beneficial for other articles. However, gold requires special treatment even during transportations. That’s why we need to pay off heavy import duties as well. Therefore, every time the import duty and other international trade taxes are elevated, the price of gold in our domestic state increases too!
- Considering all odds, gold still identifies as an article. This registers the yellow metal to be impacted as per the laws of demand and supply. So, the price of gold increases every time there is a greater demand in the market.
What makes Gold Price in Jharkhand to decrease?
Gold price in Jharkhand is determined post multiple considerations. Considering that we’ve already discussed about the factors that elevate its price, we must now tell you about the ones that deteriorate it:
- Gold is looked forward to by most investors around the world. They stock pile the metal as a way of escaping deteriorating portfolio value. However, they often tend to neglect it when the stock market prices elevate. This causes a negative impact on the price of gold.
- Gold prices also lower down every time the international trade laws change to decrease the transportation and import taxes.
Why Central Bank Policies impacts Gold Rates in Jharkhand?
Central banks are allotted with the responsibility to maintain a healthy balance in their respective country’s economy.
For this, they usually rely on hoarding gold. This enables the banks to determine a specific value for their country’s currency. This even helps them to procure a failsafe for turbulent times.
So, when they begin procuring more gold to their reserve, the prices temporarily elevate due to the shortage of supply and increase in demand.
However, the prices also drop for some time when they feel like releasing a part of their respective reserves. This even impacts the gold rate in Jharkhand.
Why Gold Price in Jharkhand is different from other Cities?
Gold price in Jharkhand usually varies from its fellow states. This is mainly because of the domestic bullion association. This association is charged with moderating the flow of gold and its price on a day to day scale.
They do so by considering many factors nonetheless. We’re referring to the factors like local demand curve, national policies impacting gold prices and any upcoming festivities that might increase or decrease the requirement of gold ornaments.
What is Gold Rate in Jharkhand 916 Hallmark gold?
We’ve already mentioned about 22 carat gold, so, you know that it is created by mixing 2 parts of impurities with 22 parts of gold.
However, you must acknowledge that jewellers did not initially have any guidelines as to mixing the impurities in appropriate quantities.
This resulted in the deteriorated customer satisfaction among gold buyers across the nation. That’s why, BIS introduced the 916 Hallmark Gold. This ensures that 22 carat gold has 91.6% pure gold in it.
Find out Gold Rates of more Indian Cities & States
How much is the Tax Levied on Gold Rate in Jharkhand?
Tax on gold rate in quantities consists of three layers. The first one caters to incurring a charge worth 10% of the purchase value.
This is incurred under the banner of import duty. The second one caters to imposing nearly 3% worth of GST on the purchase value.
Finally we have the making charge as levied by the manufacturer. This, however, is charged only for converting the bought gold into ornaments.
Gold Rate in Jharkhand – Conclusion
Gold has almost become an inseparable part of the Indian culture. We typically require gold in all our occasions.
As a matter of fact, we even identify as one of the largest importers of gold across the globe. This makes us rather vulnerable to the frequent changes in gold prices.
We’ve already shared everything we had on gold price in quantities. We’ve included the relevant tables and charts.
We also granted you better understanding through our explanations for the tables. We’ve even given you graphs to help you figure out the trend in the price shifts.
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