Gold is known as a raw material for gold jewelry but, it is an extremely valuable investment vehicle at the same time. In this article, you will read about the Gold Rate in Panaji.
We have tried to put all the important information about Gold Rate in Panaji Today and also historical prices in this article.
Especially, when the crisis hit the nation hard, investors run after gold leaving all their other investments as observed since time immemorial.
So, during this time, when we all are going through difficult times, when we are both under a medical as well as financial crisis, and the economy is witnessing a turmoil, it is time to be little more aware of the gold rates and price movements and other different important factors regarding this commodity.
You will find Gold Rate in Panaji Live on this website as it is integrated with real-time prices and all updates are available on the page itself. You can learn about the previous six months’ price movement of this commodity in detail from this site.
22 Carat Gold Rate in Panaji – Gold Price in Panaji Today
This section is dedicated to the 22 Carat Gold Rate in Panaji. So, 22 Carat gold is one of the most used gold both as commodities for investment and for making jewels as well.
In this section, you will read about the Gold Price in Panaji Today and also of the previous day along with the change in between these two days.
For a trader, it is crucial to know the change in price over a day also and thus, we have mentioned the change in numbers as well as in percentage of change over a day in this section for the 22-carat gold price in this city.
If you are interested to track the performance of the 22-carat gold, then that is also given over here in the table. You can easily understand whether the gold price today has increased or declined over yesterday.
24 Carat Gold Rate in Panaji Today – Gold Price in Panaji
In the country and across the globe, if any gold is regarded as the purest of all then, it is 24-carat gold. Yes, this section is dedicated to the 24 Carat Gold Rate in Panaji.
This section has the Pure Gold Price in Panaji for the present day & previous day as you can see in the table given above.
In the table above, you can also see the price change over the previous day. It is an important factor that you need to track for trading, especially if you are a day trader.
In the table, you will also find the change percentage which is crucial information for traders and also a performance analyzer.
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|Panaji Gold Investment Calculator||Gold Rate Calculator of Panaji|
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Gold Price in Panaji for Last 15 Days
For traders, it is important to know the price movement of the previous days before they take any decision about the trade. In this section, we have enlisted the price of both 22 carats and 24-carat gold for the last fifteen days.
The Gold Price in Panaji moved up and down in these fifteen days, and if you are trading this commodity then you need to understand its movements, trend and where the price is heading, so that you can find out the right point for entering the market and also set a proper target when you will exit the market.
Historical price analysis is crucial for every trader and investor and thus, we have cumulated all the fifteen days’ data at one place in this table.
Find Gold Rates of other Indian Cities & States
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Graph of Gold Rate Today in Panaji – Also Past Gold Price in Panaji
Most of the time, we have seen that a graphical representation makes many things clear and that is what we have tried to do in this section. You can find the graph with the Gold Rate in Panaji for both 22 carat and 24-carat gold for the previous days.
On this graph, you can check the trend of the price that has been forming over the last few days. You can also understand the patterns of how the price has been moving over these days. You can also use your technical analysis tools to analyze the graph.
Gold Price in Panaji – Past 6 Months Price
In the given sections below, you will find the Gold Rate in Panaji for the previous six months. For any investor, analyzing the past performance of the asset is very crucial and we want to help you in your analysis.
August 2020, Gold Rate Movement in Panaji
|Gold Rates in August 2020||22 Carat Gold Rate||24 Carat Gold Rate|
|01-08-2020||₹ 5,042||₹ 5,292|
|08-08-2020||₹ 5,253||₹ 5,516|
|15-08-2020||₹ 4,955||₹ 5,199|
|22-08-2020||₹ 4,950||₹ 5,201|
|31-08-2020||₹ 4,956||₹ 5,103|
|Highest Rate in August||₹ 5,291||₹ 5,552|
|Lowest Rate in August||₹ 4,848||₹ 5,088|
August has been the month of prime discussion and the Gold Rate in Panaji experienced serious shift in prices. Hence, we want you to monitor the prices closely, across the entire month, to understand how the price of gold changes, and at what circumstance.
- The table has been provided in this section and it contains the details of highest and lowest price points of the entire month, in regards with the 22 carat and 24 carat gold category.
- Furthermore, you need to check out the price change in the metal in context with both the category. So, we have commuted the change for you, and have presented the same in the form of percentage. 9.14% and 9.12% gives you a quicker and precise idea of the change which happened across the entire month.
- Opening and closing price shows how the price levels drifted across the month, as the opening price was as high as Rs.5042 and Rs.5292, whereas the closing price was a low number of Rs.4956 and Rs.5103.
- Time to check the highest price interval of the month, i.e. Rs.5291 and Rs.5552.
- On the other front, the lowest price of gold was Rs.4848 and Rs.5088
July 2020, Gold Rate Movement in Panaji
|Gold Rates in July 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-07-2020||₹ 4,573||₹ 4,804|
|08-07-2020||₹ 4,572||₹ 4,804|
|15-07-2020||₹ 4,630||₹ 4,864|
|22-07-2020||₹ 4,637||₹ 4,871|
|31-07-2020||₹ 4,991||₹ 5,241|
|Highest Rate in July||₹ 4,991||₹ 5,241|
|Lowest Rate in July||₹ 4,541||₹ 4,763|
You can draw your case study conclusion based on the Gold Rate in Panaji data we have to offer for you. We took the initiative to help you with your investments, providing you enough material for your study. This section lays the price movement of gold across July.
- We have the major movements of the month, i.e. the highest and the lowest price level of the metal.
- Turning towards the percentage change introduced in both the category gold, it was 9.91% for 22 carat gold and 10.04% for the 24 carat gold.
- This was not change which can be ignored as it was of substantial amount and the metal rice took a serious surge.
- Following the entire month’s data, the highest price level for the 22 carat gold was Rs.4991 and the lowest was Rs.4541.
- Next, in the similar manner, the highest price attained by the 24 carat gold was Rs.5241 and the lowest was Rs.4763.
June 2020, Gold Rate Movement in Panaji
|Gold Rates in June 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-06-2020||₹ 4,424||₹ 4,639|
|08-06-2020||₹ 4,393||₹ 4,609|
|15-06-2020||₹ 4,492||₹ 4,714|
|22-06-2020||₹ 4,542||₹ 4,771|
|30-06-2020||₹ 4,582||₹ 4,808|
|Highest Rate in June||₹ 4,582||₹ 4,808|
|Lowest Rate in June||₹ 4,354||₹ 4,573|
Checking up on the Gold Rate in Panaji for June, we have constructed the table for your convenience. You may check all the crucial fluctuations for the month in the above table and their respective explanation in the pointers provided below.
- Enjoy the change in price that was introduced to the metal the entire month. The price relation for both 22 carat as well as 24 carat gold is provided in the table.
- Starting with the highest price of the month for both the 22 carat and 24 carat gold were Rs.4582 and Rs.4808.
- The same way, the lowest price of the month was Rs.4354 and Rs.4573.
- Percentage change as commuted according to the month’s data was 5.24% and 5.14%.
- Change which happened across the entire month was of average nature.
May 2020, Gold Rates in Panaji
|Gold Rates in May 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-05-2020||₹ 4,402||₹ 4,617|
|08-05-2020||₹ 4,364||₹ 4,586|
|15-05-2020||₹ 4,402||₹ 4,627|
|22-05-2020||₹ 4,441||₹ 4,658|
|31-05-2020||₹ 4,423||₹ 4,642|
|Highest Rate in May||₹ 4,494||₹ 4,716|
|Lowest Rate in May||₹ 4,314||₹ 4,533|
The Gold Rates in Panaji for May 2020 has been discussed here in this section. We are discussing the lows and the highs of the gold prices and also the volatility in the market and various other details –
- As you can see, in the table above, the Gold Rate in Panaji per Gram is given for the 5 different dates which are the starting dates of each of the weeks in May. The prices for both 22-carat gold and 24-carat gold can be said to be highly stable throughout the month and didn’t fluctuate significantly.
- If you thoroughly observe, then the prices can be said to be moving down towards the end of the month. Though the decrease was very nominal then also it was decreasing continuously.
- This month, the 22-carat gold recorded the highest price of Rs.4,494 and the lowest was Rs.4314 which suggestsa minimal amount of volatility in the market.
- Similarly, if you observe this for the 24-carat gold, you will have the same results where the highest price was Rs.4716 and the lowest was Rs.4533.
- The performance of both the types of gold was all right for this month where both increased by 4.17% and 4.04% respectively as you can also check in the table. This is an average growth.
April 2020, Gold Rate Movement in Panaji
|Gold Rates in Apr 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-04-2020||₹ 3,866||₹ 4,054|
|08-04-2020||₹ 3,862||₹ 4,060|
|15-04-2020||₹ 3,862||₹ 4,056|
|22-04-2020||₹ 4,395||₹ 4,611|
|30-04-2020||₹ 4,448||₹ 4,668|
|Highest Rate in Apr||₹ 4,523||₹ 4,753|
|Lowest Rate in Apr||₹ 3,862||₹ 4,054|
Here in the table, the Gold Rate in Panaji per Gram is given for five different dates of the month as you can see.
All these prices can help you analyze how the price of gold moves throughout the month and we will also discuss the same and other factors herein below –
- At the starting of the month, the price of the 22-carat gold was very stable and hardly moved up the ladder but towards the end of the month, the price jumped and surged enormously.
- The highest price achieved by April was Rs.4523 and the lowest was Rs.3862 which shows a huge differenceand that depicts the amount of volatility that was present in April.
- 24-carat gold also similarly and the highest price was Rs.4753 while the lowest was Rs.4054 and the difference are quite visible.
- The price jumped towards the last two weeks of the month while the weeks at the beginning of the month were quite sluggish.
- The overall performance of the gold was highly appreciated in this month. While 22-carat gold made progress of 17.12%, the other one, the purest gold gained 17.24%.
March 2020, Gold Rate Movement in Panaji
|Gold Rates in Mar 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-03-2020||₹ 3,898||₹ 4,092|
|08-03-2020||₹ 4,166||₹ 4,370|
|15-03-2020||₹ 4,016||₹ 4,217|
|22-03-2020||₹ 3,868||₹ 4,060|
|30-03-2020||₹ 3,866||₹ 4,060|
|Highest Rate in Mar||₹ 4,166||₹ 4,370|
|Lowest Rate in Mar||₹ 3,773||₹ 3,957|
Gold Price Movement in Panaji for March has been recorded here for your analysis purpose. We have enumerated the price details, performance in the table above and also discussed the important points below –
- This month, the 24-carat gold gained 10.44% and performed well in the market.
- The performance of the 22-carat gold was also really good and it made progress of 10.42%.
- The price of 22-carat gold was increasing during the initial week of the month but then dropped for the rest of the month but the drop was gradual and thus not many points were lost.
- For the 24 carat gold, if you can see in the table, the price was moving up similarly but that also dipped following the third week of the month.
- The highest and the lowest of 22-carat gold were Rs.4166 and Rs.3773 and for the 24-carat gold, it was Rs.4370 and Rs.3957. Both the prices were volatile as per the difference between the highest and the lowest prices.
February 2020, Gold Price Movement in Panaji
|Gold Rates in Feb 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-02-2020||₹ 3,827||₹ 4,017|
|08-02-2020||₹ 3,773||₹ 3,961|
|15-02-2020||₹ 3,828||₹ 4,011|
|22-02-2020||₹ 3,951||₹ 4,149|
|29-02-2020||₹ 4,000||₹ 4,198|
|Highest Rate in Feb||₹ 4,033||₹ 4,239|
|Lowest Rate in Feb||₹ 3,771||₹ 3,958|
In this section, the 22 Carat Gold Rate in Panaji along with the 24-carat gold rate is discussed in detail. You will see the price movement and also the important price that is significant for the month.
We will also discuss the overall performance of the commodity.
- So, as you can see in the table above, the price of the 22-carat gold decreased at the starting of the month and then increased for the rest of the month.
- For 24-carat gold as well, the price movement was similar and on the in the second week the price dipped and then for the rest of the month it kept on increasing.
- The overall performance of the gold was average and 22-carat gold gained around 6.95% while the other gained around 7.10%.
- Highest price recorded by the 22-carat gold was Rs.4033 and the lowest was Rs.3771. This difference is moderate and thus the volatility in the price can be termed to be moderate for this month.
- The 24-carat gold made a high of Rs.4239 while the lowest was Rs.3958 and here also the price movement was fluctuating but not vigorously.
January 2020, Gold Price Movement in Panaji
|Gold Rates in Jan 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-01-2020||₹ 3,658||₹ 3,843|
|08-01-2020||₹ 3,779||₹ 3,966|
|15-01-2020||₹ 3,699||₹ 3,886|
|22-01-2020||₹ 3,769||₹ 3,960|
|30-01-2020||₹ 3,779||₹ 3,962|
|Highest Rate in Jan||₹ 3,867||₹ 4,061|
|Lowest Rate in Jan||₹ 3,658||₹ 3,843|
This month marks the starting of the year and this month, the gold prices were moving fairly well. In this section, we will discuss the same in detail.
- The 22 Carat Gold Price in Panaji increased by 5.71% if you check the overall performance of the gold.
- There was a high of Rs.3867 and the lowest point this month for this gold was Rs.3658 which shows minimal volatility.
- The 24 carat-gold on the other hand made progress of 5.67% which is also similar to its counterpart.
- It has the highest price of Rs.4061 this month and the lowest was Rs.3843. The price was fluctuating throughout the month but very moderately.
- The price of 22-carat gold in the initial week of the month increased so is the price of 24-carat gold but then in dipped in the third week and again surged in the fourth and fifth week.
December 2019, Gold Rate Movement in Panaji
|Gold Rates in Dec 2019||22 Ct Gold Rate||24 Ct Gold Rate|
|01-12-2019||₹ 3,587||₹ 3,767|
|08-12-2019||₹ 3,552||₹ 3,729|
|15-12-2019||₹ 3,534||₹ 3,709|
|22-12-2019||₹ 3,575||₹ 3,753|
|30-12-2019||₹ 3,664||₹ 3,843|
|Highest Rate in Dec||₹ 3,664||₹ 3,844|
|Lowest Rate in Dec||₹ 3,531||₹ 3,706|
Here, in this section, we will discuss the Gold Rate in Panaji for December 2019 which is the last month on our list of these six months. Here are the details which you would like to learn about –
- In this month, the prices of both the gold were moving very slowly and made progress of 3.77% (22-carat gold) and 3.72% (24-carat gold).
- The price of the 24-carat gold was moving down the ladder for the first few weeks of the month but then picked up towards the end of the month and gained momentum.
- Similarly, for the 22-carat gold, the prices lowering since the starting of the month. As the month was about to end, the price of the gold bounced back and started increasing.
- The highest price for the 22-carat gold was Rs.3664 while the lowest price was Rs.3531. The difference shows the very nominal fluctuation in the price.
- The purest gold – 24-carat gold also had very minor fluctuation as you can observe from the highest and the lowest prices recorded by the commodity this month.
Gold Rate in Panaji – Trend in 2020
If you are wondering while checking the Today Gold Rate in Panaji and thinking how this price is moving so drastically these days, then we can explain that to you.
In this year 2020, this is going to be remembered by all of us as a year of destruction, as a pandemic hit us after 100 years, is the reason for the highly volatile gold prices.
Yes, during the time of crisis, like now we are in, the investor look for safe haven and gold is one of the best possible investment options in times like this.
So, people are investing a high amount of money in this commodity, making its price grow. It already surpassed the previous anticipation made by the analysts which were the Rs.45000 mark.
Check out Gold Rates of more cities & states
Gold Rate in Panaji – Trend in 2019
This year was different and the gold price increased throughout the year with some variations. Gold Rate Trend 2019 in Panaji, if observed minutely, then you will see the graph was moving upwards but, it changed its pace after the RBI announced additional gold reserve.
The Historical Gold Rate in Panaji suggests that after the RBI made an addition to its gold reserve the prices increased drastically.
Following the increase in the gold reserves, other monetary policy changes depreciated the value of the currency and that also made the gold expensive.
What makes Gold Rates in Panaji to increase?
There are four primary reasons which increase the Gold Rate in Panaji as on today or any other day or a period –
- The Gold Rate in Panaji today per gram increases if the inflation in the market increases. Yes, with the increase in the inflation rate in the market, like other products and services, the price of gold also increases.
- Demand plays the greatest role in increasing the price of the commodity. Whenever you see there is a surge in the demand for the commodity, you will find the prices increasing. It is witnessed during the wedding seasons and festive seasons when many people buy gold as jewelry and other assets.
- Then, there is RBI monetary policy which if turned in the favor of the investors, increases the price of the gold as the demand for the commodity increases.
- The next is the price of other assets or other investment vehicles which is inversely proportionate to the gold price. Yes, if the stock market or other asset category crashes, then the investors invest in gold and that increases the price.
What makes Gold Price in Panaji to decrease?
Similar enough, but on the contrary, the Gold Price in Panaji decreases for the following reasons –
- Today Gold Price in Panaji per gram can decrease following the RBI’s announcement for increasing the supply of gold. Yes, if RBI increases the supply, due to excess supply, the price will fall. The demand will take time to increase, and till then the price will keep on falling.
- The next reason can be appreciating the currency value of our country against the country from which we import the gold.
- If the interest rate is increased by the government or the RBI, then also the gold price will fall. It is because the gold investor can withdraw the money from the commodity and then invest in an asset whose interest rate has been hiked. This will eventually decrease the price of gold.
Why Central Bank Policies impacts Gold Rates in Panaji?
Gold Rate in Panaji gets affected by the Central Bank’s policies and that is evident from various instances. Here are certain points that you need to keep in mind while investing in this commodity and keep a check on the RBI’s announcements.
If RBI increases or decreases the value of the currency by altering the monetary policies like it did in the year 2019, then the price of gold will get affected.
If it increases or limits the supply of the gold, then the price will get affected. Similarly, if it increases or decreases the interest rate, then also the price of the gold will get affected.
Why Gold Price in Panaji is different from other Cities?
The difference in Gold Price in Panaji is witnessed because of the –
- Transportation cost: The transportation cost varies from one place to other and thus it changes the price of the commodity as well.
- Hauling Cost: It is different in every city and thus, it also makes a difference in the price of the gold.
- Making Charges: Finally, the making charges make a huge difference in the price of the gold especially when they are carved into jewelry.
What is Gold Rate in Panaji 916 Hallmark gold?
The Gold Rate in Panaji 916 hallmark gold is the same rate you saw above for the 22-carat gold. 916 hallmark gold is nothing but another name of 22-carat gold.
22-carat gold is the second-best gold you will get in the market and the percentage of gold in the alloy is 91.6% which is why it is called 916 hallmark gold. Hallmark is the metric for the purity of the gold in the alloy.
Find out Gold Rates of more Indian Cities & States
How much is the Tax Levied on Gold Rate in Panaji?
The different Tax on Gold Rate in Panaji which is levied is –
- 5% GST on the making charges of the gold pieces of jewelry. It is the tax decided by the center. Half of which is taken by the state and remaining half by the central government.
- 3% GST applies to raw gold.
- There is also import duty which is 10% at present.
Gold Rate in Panaji – Conclusion
We hope this article, gave you a clear idea of how the Gold Rate in Panaji works. The different prices are given in the article for your reference.
You can anytime refer to the article for checking the price and mainly for taking insights on how the price of gold moves.
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