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Gold Rate in Delhi (26th March 2017)

Gold price in Delhi has been seeing some momentum, since the start of the year. This is because, equity markets took a beating at the start of the year, which pushed investors to invest in safe haven asset like gold.  The precious metal may not be a favorite in the last few years, as prices have moved in a tight range. A fall in equity prices at the start of the year, saw some attraction to gold as an investment. We have given todays gold rate in Delhi to those who wish to buy the precious metal.

Today 22 Carat Gold Price Per Gram in Delhi (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,809.70 ₹ 2,809.80 ₹ -0.10
8 gram ₹ 22,477.60 ₹ 22,478.40 ₹ -0.80
10 gram ₹ 28,097 ₹ 28,098 ₹ -1
100 gram ₹ 2,80,970 ₹ 2,80,980 ₹ -10

Today 24 Carat Gold Rate Per Gram in Delhi (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,005.50 ₹ 3,005.70 ₹ -0.20
8 gram ₹ 24,044 ₹ 24,045.60 ₹ -1.60
10 gram ₹ 30,055 ₹ 30,057 ₹ -2
100 gram ₹ 3,00,550 ₹ 3,00,570 ₹ -20

Gold Rate in Delhi for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Mar 25, 2017 ₹ 28,097 ₹ 30,055
Mar 24, 2017 ₹ 28,098 ₹ 30,057
Mar 23, 2017 ₹ 27,803 ₹ 29,737
Mar 22, 2017 ₹ 27,798 ₹ 29,735
Mar 21, 2017 ₹ 27,801 ₹ 29,734
Mar 18, 2017 ₹ 27,801 ₹ 29,734
Mar 17, 2017 ₹ 27,448 ₹ 29,360
Mar 16, 2017 ₹ 27,598 ₹ 29,520
Mar 14, 2017 ₹ 27,798 ₹ 29,735
Mar 11, 2017 ₹ 27,697 ₹ 29,628

Weekly & Monthly Graph of Gold Price in Delhi

Historical Price of Gold Rate in Delhi

  • Gold Price Movement in Delhi, February 2017
  • Gold Rates 22 Carat 24 Carat
    1 st February rate Rs.27,918 Rs.29,772
    28th February rate Rs.28,797 Rs.30,805
    Highest rate in February Rs.28,797 on February 28 Rs.30,805 on February 28
    Lowest rate in February Rs.27,918 on February 1 Rs.29,772 on February 1
    Over all performance Rising Rising
    % Change +3.15% +3.47%
  • Gold Price Movement in Delhi, January 2017
  • Gold Price Movement in Delhi, December 2016
  • Gold Price Movement in Delhi, November 2016
  • Gold Price Movement in Delhi, October 2016
  • Gold Price Movement in Delhi, September 2016

Delhi gold rates live vs other Indian cities

Gold rates in Delhi is always different from those of others. There are numerous reasons for the same and let us examine some of these:

1) The octroi charges differ with Delhi and other cities which alters the gold prices.

2) Numerous state taxes can also change the gold rates in the city.

3) The transportation costs in the city also tend to alter the gold rates there.

4) Other costs like making charges may also differ.

So ultimately what do you see when you buy. Individuals could not care less about the charges. Their ultimate concern is the price. It can be understood why: The simple explanation is that they end-up paying so much for gold, including the various charges and making charges, and realize whether it is better to buy imported gold in the end. Delhi investors should also be advised not to buy gold jewellery and there are reasons for such an advise. The first and the foremost of course is the fact that you pay making charges. It only escalates the cost of the gold. At this point of time, gold has become terribly expensive. It is best to skip buying at the current levels of Rs 28,000.

Some technical analysts are suggesting to buy the metal at levels of Rs 26,500, if one wants to make some serious gains. However, whether that would be possible is a good question. Some doubt whether that precious metal would reach those levels once again this year. In fact, to a large extent one doubts whether it would given the fact that prices have rallied a great deal already and at every level there is buying support. Another thing that we need to mention is that there is terrific liquidity, which is pushing gold prices even higher. Some analysts say that we could soon breach the recent highs of gold prices in Delhi and hence levels of Rs 32,500 is rather not possible.  However, anything is possible and there are full hopes that gold prices in Delhi would rally this year.  Of course, if the US Fed raises rates too fast and too soon, we might see gold prices falling this year. Having said that we suggest that you just stay away from gold, when prices are high.

How are todays gold rates in Delhi live arrived at?

Arriving at todays live Delhi gold rates is not as simple as it seems. To begin with there are many importers of gold in the country. These are the many banks and import agencies prescribed agencies by the government of India. Then there is the bullion association which contacts the big dealers who take the imported gold from the various banks and association. They arrive at some kind of price. Also, there is a possibility that gold prices can also be arrived at some way based on the MCX Futures prices. At all times it must be noted that taxes and other duties are added to the precious metal to arrive at some kind of prices. If you are in Delhi it become imperative to check the gold rates before you buy. What we suggest investors to do is buy into gold rates when they fall rather when they are up. This will ensure that you are able to make some money on the gold that you are buying. In fact, the best strategy for gold has always been to buy when prices are moderate and to sell the gold when prices are high. Thi is likely to hold you in good stead. In fact, you will likely make profit from the same.

Gold Rate in Delhi, 22 & 24 Carat Gold Price Today

How to import gold into Delhi?

Gold is imported into Delhi in a number of ways, after which we arrive at 22 carat hallmarked gold in Delhi or gold rate in Delhi today 24 carat live. Let us understand, how the process works in the city of Delhi:

1) A total of almost 916 tonnes were imported into the country in 2014-15 and would be interesting to study the amount imported into India in 2016-17.

2) Import of gold into Delhi does account for a large part of imports and consumption.

3) A list of designated importers, including banks buy and bring this gold into Delhi and various other cities of India.

4) Once these banks import the gold, they add their margins and sell to dealers, who then give it to the retailers, who are typically the goldsmiths in the city of Delhi. They fix their prices based on a host of other things.

5) There is the local tariffs that need to be added in Delhi, including the value added tax if any applicable.

Now, investors and individuals in Delhi can buy gold in a wide variety of ways. These include the gold coins, jewellery or the biscuits. However, when you are buying into gold biscuits, you need to understand that the cost would be significantly higher then buying gold coins. Another thing that we need to mention is that you need to pay taxes on the gold coins that you are buying, which in the end reduces the overall returns for investors. So, you need to be careful on that count and while selling you need to remember that you need to recover such costs as well. One has to be cautious before importing gold into India, as there is a whole lot of things that one needs to comply with. However, since this is more a concern for the big importers of gold into Delhi we shall ignore the same for the time being.

How to store precious gold in Delhi?

With so many banks around, it would be foolhardy to store your gold in any other place, except the banks. Having said that, yes you can also place your gold in places like private lockers. These days there is a fast emergence of hi tech lockers run by private agencies. There have been instances where bank lockers in some placed being broken into, by digging underground and things stolen. These are rare though, they are not impossible. If you wish to store even small amounts of gold say in your flat or house in Delhi, it is not advised to do so, because of the various risks involved. These largely include the risk of theft that is a high possibility. Gold has become a very valuable asset and its storage has to be carefully thought of. While many individuals think and spend time on all the various options on hand, the best would be to open a locker with a bank. There are many banks, which provide benefits, but there are also some charges that are involved to store your gold. A small locker in the bank to store your gold can cost you Rs 4500 rather easily, depending on the area. We suggest that you make enquiries and place the same where you get the cheapest bank lockers.

One important thing that we need to note is that in case you misplace the bank locker key, there is a long and tedious process that would be applicable to get your belongings back. This makes the process even ore tedious than before. So, there are various hassles with bank loskers as well, which is why in the portion of the article, we have also said that investors shoudl even explore the possibilities of buying gold in the electronic form. This would save them the hassles and problems of all of the above that we have mentioned.  So, go for it the process as the same is not complicated.  However, make sure that you enquire with your bank, if they have locker facilities, as you could then negotiate with them. Earlier, if you had a fixed deposit with a bank the charges were lower. However, these days the norms have changed and not many banks give you a locker cheap even if you open a large fixed deposit. However, do remember that in doing all this, the most important thing would be to ensure that you have a bank in the viscinity, as you may need the gold at any time, in case you are withdrawing the same.

Various methods of testing gold in Delhi

There are various methods of testing gold. On method is using a magnet. If the gold is impure it is bound to have some metal alloyed with it. In case that is so, there is a high possibility that the ornament which is heavily mixed with gold would be attracted to it. One of the most popular methods is the acid test. this involves a stone and some acid. When the stone is rubbed onto the stone it leaves a streak. This is a popular method that is used to check for gold purity in Delhi. Here again a lot would depend on the purity of the metal. It is extremely easy to check 24 karats gold in this case. Based on the kind of purity rating for the gold is also done. For example, 24 karats gold is very pure, and the jeweler would then go onto to examine the purity as well. However, today we have very sophisticated karat checking machines that have evolved. Some of these are imported by the large jewellers in the country from places as far as Germany. There is no question of doubting the purity checking that can be done by these machines. Meanwhile, if you are a buyer it is best to buy into the most pure form of 24 karats gold in Delhi or else, just stick to the usual 22 karats gold. In case you are testing gold in Delhi make sure that you go the authorized BIS centres to check for purity of the ornaments. This is because they are certified and you are assured of at least some purity of the metal. However, in smaller towns there maybe no such centres and in the bigger cities, if they are far-off you may have to rely on the privates ones that have state of the art machines. In any case testing has become imperative to ensure the purity of the metal. However, if you are not so sure of the mechanism to check gold by yourself, you take it to an expert. There is no point in trying to test gold and not being so sure on the purity. Afterall, the metal has to give you returns in due course and if the same is not pure, you could be in trouble.

What are the biggest factors that influences gold price in Delhi?

One of the biggest factors that influence gold rates in Delhi today is the behaviour of central banks across the globe. In the last few years, when central banks across the globe were seen easing, gold prices saw a stupendous rally. However, that is not the case anymore. We have seen that the United States has completely wound-up quantitative easing and there is no easing any longer. However, there are many countries that still follow easing, including Japan and the European Union. In Japan we are seeing the Japanese Central Bank engaging in easing, while the European Central Bank is doing the same through its bond buying programme. This would continue to influence gold prices across the world and hence in India. When there is excess money supply in the economy it leads to investors buying into precious metal like gold, which fuels a rally in the prices in Delhi. Hence, what the central banks do, is a big factors in determining how gold rates would move in the near to medium term. However, since these are all temporary aberrations, one can always hold for the long term where you can afterall make money from buying and selling gold. Prices in Delhi are thus influenced by many factors and there is no single one that has a telling impact on the price of the precious metal. It is almost impossible to predict the definite trend of Gold in Delhi and hence maybe it is a better idea to seek exert help when needed. There are many other small factors, including the supply side constraints that gold faces on a day to day basis, which one has to consider before buying gold. If you are a long trem buyer, purchase in any case as you may benefit from any long term upmoves. Gold is an extremely complicated metal to predict the rigth movement of the same. You need to be patient and hold onto it, if you really want to make money from the same.

Gold investment in Delhi: Is it always profitable?

Whether gold is a profitable investment is often a question. These days gold investors in Delhi can profit very little from the precious metal, because it hardly moves. Now, in the short term there are a number of reasons why investing in gold make it a not so good proposition. The first and the foremost of these is the fact that you end-up taxes, which reduces your returns. For example, when you buy a gold coin with credit card there are multiples taxes and your costs could escalate by at least 10-15 per cent. On the other hand when you sell the same at a profit you again pay taxes and this time it is capital gains taxes. All in all there is very limited scope to make money. This is why gold is not the most profitable investment around. Some investors genuinely get frustrated investing in gold and decide not to too buy because of the same. The wait is also too long and these days the prices are high, which makes it even worse to make any decent gains from it. Nonetheless, these days there are very few investment options these days, which means buying into the metal becomes a must. Gold also like other investments offers no period returns. For example, fixed deposits offer investors regular and periodic interest, while shares offer you dividends, gold offers you only capital appreciation. This is why some individuals do not prefer it too much. If you are looking to buy gold in Delhi, the best strategy would be to avoid. You can avoid the metal in a number of ways by not being too tempted to buy. However, at all times if you need gold as and ornament or jewellery you can buy and hold for sometime. So, in short, whether gold makes money for you or not depends on what are the rates at which you buy gold. If you buy at higher rates, the chances of making profits are very minimal. On the other hand, if you buy at low rates, there is that much more chance of making money. Now, we wish to highlight that there are a number of options for buying it in Delhi. Consider the recently launched Sovereign Gold Bonds by the Government of India. Their launch created a big fuss for a number of reasons. The first was that this was the first time where there was an interest rate that was being given on an instrument like the Sovereign Gold Bonds. Hitherto one had not heard of money being offered by way of interest on gold schemes. This has led to a lot of investors in Delhi willing to buy into these gold bonds. At an interest rate of 2.75 per cent, this is not bad as you also do not get tax free income. So, one must note that the Sovereign Gold Bonds attract a tax liability as well as the fact that there is no chaance of redemption on the same.

Delhi: Gold buying may emerge in 2017

Buying in gold may emerge in 2017, most analysts feel. While in the international markets, gold gave returns of as much as 9 per cent in 2016, it is highly likely that we may get more returns this year. Gold rates have seen a constant upside in the last few years and this means that the trend is likely to break in 2017, if experts are to be believed. There is a high possibility that we may see gold rates moving higher as investors take long positions in the precious metal. However, for that a number of international factors have to support for a sustained upside. The first and the foremost of these are that the US Federal reserve should not dramatically alter the interest rates in the US. This can have a cascading impact on gold prices. The second and the most important is that there has to be a good demand for the precious metal to sustain at such high prices. In the last few months, we are seeing a sustained selling in the precious metal, which is having an impact on gold prices. Delhites should look at opportunities to buy, if they really want to make money, but at lower levels only. If you are buying at higher levels, the risk to reward ratio is not favourable so chances of making money is very limited. We are already seing good demand for gold in 2017 and there maybe fresh buying that emerges even during the course of the cntire year. Buying on dips maybe a good strategy that gold investors could consider.

Examining the quality of gold you are buying in Delhi

Sometimes we may not take the pains to understand that gold is no longer a moderately priced metal. Gold today is a heavily priced metal and very very expensive. The prices have gone three fold in the last few years. What this means is that when you are buying the precious metal, you need to be a little careful and check a whole lot of things. So, what are the things that you would normally check in Delhi when buying gold is the price. If the price is high, you can straightaway avoid buying into the precious metal. The second thing that you should keep in mind, is that you should look for quality of the precious metal. Now, when we talk of quality it does not imply that you carry a karatmeter and roam around. What it does mean is that you can go for the hallmarked kind of gold where you do not worry too much on the quality of the gold. This is because the very essence of hallmarked gold is that the quality has been established. So, all you have to do is to go for hallmarked gold and be satisfied on the quality and other aspects of the precious metal.

The disadvantages of buying gold in Delhi

Investors often talk of the advantages of gold. But, seldom do we talk of the demerits of gold. In fact, we should also dwell on the subjects. One of the biggest problems of gold is that the movement can be very uninspiring. The second is when you sell gold. Let us give an example. Say that you buy a gold coin. If you buy it with a credit card, you incur additional 10-15 per cent by way of taxes. This means to recover those taxes, you have to earn another 10-15 per cent apart from your profit. This means to make another 10 per cent returns, gold prices have to go higher by 25 per cent. That does not happen in Delhi or any other city of India. You seldom see gold prices rallying by as much as 30 per cent in a single year. At best you may end-up with very tepid returns. So, this is one of the biggest disadvantages of buying gold in Delhi. There are several other problems including liquidity, unless you are buying gold ETFs, which are pretty much liquid. Another problem is that you need to keep some storage for gold and so have to incur some additional expenditure like a bank locker. Do not forget to check gold ka rate in Delhi here. Checking it is very important or else you would end-up with buying gold in Delhi at any aand every rate, thus making losses in the process.

Gold rates in Delhi

 In the last few years, the city has seen a flattish demand for the precious metal. While earlier, there used to be a big demand, the lack of movement in prices has proven to be a big deterrent for investors.

In fact, gold has hardly moved in terms of prices. Gold rates in Delhi have also stagnated in line with the prices prevailing in the global markets.  Globally, itself golf prices have not seen an uptick in demand. In india also the government has been coming up with schemes to prevent investors from making large scale investment in gold. We believe that this could prevent any sharp upmove in the prices of gold. The demand for gold was placed at 929 tonnes for the third quarter, though jewellery demand has softened in the last few months as investors buy into shares.

Gold Prices in India which had fallen in the last 1 year, have seen some decent recovery since the start of tthe year, as investors dump equity shares. There is a possibility that gold prices may remain steady rather than seen any runaway in prices.

Gold: Why it is the easiest piece of investment?

Many individuals, especially the aged have tried and tested gold investment and find the same, the easiest investment possible. One would have to agree over this, given the fact that you just need to walk into your local jeweller and sell the same. It is easy even while buying the same, though these days, if you make a large purchase you need to give your PAN card. If you are planning to buy gold in excess of Rs 1.5 to Rs 2 lakhs, you must give your PAN card. This is largely in compliance with what the authorities require for tax purposes. So, it is important to also remember that if you make large scale purchases of gold, the authorities could also chase you, if your income is not legitimate. It is always a good idea to come clean in what you all do.

Can you lock money in Gold ETFs

If you are a keen investor in Delhi, you can also look at locking money in gold ETFs in Delhi. We thing that this is one instrument that you should try for various reasons. Just imagine that you can sell the gold extremely quickly as the liquidity in the instrument is pretty high. Another reason for buying is that it is more convenient to store and you do not have to rush to the bank locker everytime you want to take your jewellery. The other reason is that you can buy and sell at the same time. it is also more liquid. There are many such ETFs that you can buy including the Goldman Sachs Gold ETF, Kotak Gold ETF, SBI Gold Exchange Traded Fund etc. 

Where to check gold rates and buy gold in Delhi?

Delhi has a number of places with a heavy concentration of jewellery shops and you can check gold rates there. For example in the South Extension you can find gold shops like Tanishq and Mehersons. Karol Bagh too has a number of shops where you can buy the precious metal.

Most of the shops are pretty competitive when it comes to gold rates. You are not going to find too much of a price difference, though it is highly likely that you may find a difference in the making charges of gold.

There are various other places, where you can find many jewellery shops. In fact, if you are going to the less popular ones, it is better to check for quality and the standard hallmarking quality that you may require. You can also do your own research in buying gold, though that is not advised. 

How live gold prices in Delhi for 22 karats and 24 karats move

If you are tracking live gold prices in Delhi, there are two things that you should keep in mind. The first is that live gold gold rates in the cpot market in Delhi change only twice a day. On the other hand rates in the futures market change more often. These live gold rates in Delhi today are determined by a host of factors including, international prices, which are determined by interest rates in the United States and also a host of other factors like how inflation would move. If you are looking to into the precious metal, it is important to track such prices. In India, there are numerous other factors that influence Delhi gold rates including the taxes levied by the government. In the past the government, has changed the levies to influence the gold prices. It is unlikely that we will see a frequent change in these rates. If you are looking at gold prices falling to buy in Delhi, it is unlikely to happen very soon. At Rs 28,500 per 10 grams for 22 karats gold, it is not very attractive So, what we suggest is that you wait for the dip before doing some bargain hunting on gold.

Buying hallmarked gold jewelery in India?

We suggest that you go to shops where they sell hallmarked jewellery. In fact, all of the shops today sell hallmarked jewellery. Even in case you have a doubt you can ask for a purity test to be done. At the established gold and jewellery makers, this should not be a problem, but, at the less established players, you may find that a little difficult. So, what do you check when you buy hallmarked jewelery. If you are looking at 916 hallmarked gold in Delhi, you must understand that the same would be hallmarked by some of the essaying centres, allocated by the Bureau of Indian standards. The BIS as it is popularly called has earmarked these essaying centres. When you are buying hallmarked gold in India, it is best to check a few things like the BIS logo, the year of manufacture and the name of the jeweller. This would be very helpful, though once you get gold jewelery that is hallmarked, you could be rest assured that it is of the finest quality. In other cases, it is best that you do not buy gold at all. 

Understanding wastage charges in Delhi

If you are planning to make new gold, take a look at the jewellery that you can sell and make money from it for buying additional ones. At times, we have the old ones that we hardly ever use. However, we strongly advocate that you do not sell the old gold or ones that are broken to the goldsmith. In fact, what you can do is you will waste money on wastage charges, which is a big drawback. So, it is sometimes better to look at companies that buyback gold, so you do not have to worry about the jeweller giving you the best possible del.

Where to sell gold in Delhi?

There is always likely to be an emergency at times, when you would like to sell your gold. In Delhi, there are many places that can sell your gold, including 24 karats gold. For example, we found a website called 24 karat.co.in, where they buy gold. We are not sure, if they take 22 karats as well. The company has eight locations in Delhi and Gurgaon where you can sell the gold. However, we wish to warn readers that it is important to watch when you sell gold, as compared to buying, as you should not get fooled. You have to first compare the rates and other things before you venture into selling the precious metal. Most people who buy the gold that others sell use very sophisticated karat meters to check the purity of gold. If you have any apprehensions, you should contact the shops. It is always better to ask for several quotes before you decide on a single seller to sell your gold.

Why is Gold so Precious Metal?

The basis for its preciousness is it's nature itself. Gold is a difficult resource to find but not impossible. That makes it immensely valuable. It is easy to store, easy to transport, and also it is very useful in many modern applications. Gold is the appropriate metal for the job that will not deteriorate or disintegrate. Gold will not cause any potential safety issues for its holder.

The elemental properties of gold clearly state that the Gold provides a globally neutral, natural unit of the account in relation to all other elements required to us. The scientific properties of gold in our natural and human systems reconciled independently over thousands of years.

Gold is also the best conductor. So in precision electronics gold is used as the conductor. From ages, the gold standard is backing up the currency.

Whenever the economic climate starts experiencing turmoil. Traders, governments, investors all head towards Gold As it is safe havens in such conditions. Silver is also a participant for protection as a safe haven for the general investors in economic breakdown conditions.

There are many alternative views of gold's usefulness. Which makes gold so precious metal.

Buying gold bars in Delhi

Buying gold bars in Delhi requires a lot of money. So, you should either be a wholesaler or a retail jeweller to be buying into the precious metal. This is simple because the weight is very high of gold bars. For example, they could weigh anywhere between 500 grams to 1 kg, which is why they are very much preferred. No, you can imagine what would be the cost of 1 kg of a gold bar. It would be a staggering Rs 26 to Rs 27 lakhs based on the current market price and the city that you are living in. For example, if you are living in the city of Mumbai the cost would be slightly higher then some other cities like Kolkata for example. You can buy these gold bars from many places. Some large wholesalers may sell these gold bars. Also, one is not sure if banks do keep gold bars. But, you would require to have your identity proof before you buy gold bars in Mumbai. Typically, since it is a very large scale purchase you would also require to keep your PAN card ready.

Demand for gold across the globe

Do you know which is the biggest consumer for gold across the globe. The biggest consumer for the precious metal is gold jewelry. In 2014, these ornaments saw a consumption of 2,479 tonnes, as compared 2,390.3 tonnes in 2015. What this means is that gold demand actcually fell in 2015 for use in various forms of jewelry. There is also a heavy demand for gold in  the electronics industry. For example, gold demand was 277.5 tonnes in 2014 for use in the electronics industry, while the same declined to 262.3 tonnes in 2015. One interesting feature of the demand is the use of the precious metal in dentistry. Do you now that in the year 2016, almost 19 tonnes of the metal was used in dentistry. But, one thing is clear at the moment and that is the fact that gold demand is showing a flatteing trend. In fact, it would not be wrong to say that gold demand is in fact falling and there seems to be no reason to believe the trend would reverse.

Caution that you need to exercise when buying gold

Whether you buy gold in Delhi or any other city, there are certain things that you should look for. One of the most important of these is to take a look at the quantity of stone in the jewellery. Remember that most gold smith will buy gold, after deducting the stone charges. So, go for the actual weight of gold. Remember that you would lose money on the stones. One question that individuals often ask is: What is time limit to exchange the gold jewellery? This is something very difficult to answer. Most of them would allow you to exchange your stuff after a week. However, here again it depends on the jeweller in question. Lastly, while buying gold in Deli, make sure that you negotiate the making charges. Though to a large extent negotiation can be minimum.

Have you ever tried investing in gold futures in Delhi?

If you wanted to buy gold in Delhi and have been weary, you should try the gold futures market. For example, gold prices in the spot market at the jewellery shop is largely determined by the gold in the futures market. If you are a short term investor in Delhi it makes sense to buy for 3 months and then sell gold petal. These instruments are very liquid and is much better than buying gold in the physical form as an investment. However, we wish to emphasize that a contract has to be settled within the time frame, which is a big disadvantage. What this means is that Delhities who buy gold in the futures market, must settle the same contract before it expires. So, unlike physical gold where you can hold for a lifetime and even pass on the same from generation to generation this is not possible in the case of gold futures.

How to know if you are buying fake gold?

The first important thing to know us what is fake gold. Well, the standards are clearly defined. Anything that is below 10 karats gold is defined as fake gold. What this means is that there is more of alloys in these then real gold. The best way is to look for markings like the hallmarking from one of the essaying centres of the Bureau of Indian Standards. There is also a way to note if there is a discolouration of the gold. This would happen along the edges of the gold. The precious metal is not a material that would stick to magnet. So, if it sticks it is got to be fake, because there is metal in it. There are various other density tests that gold undergoes to know if it is genuine or fake. Gold can also undergo nitric test, which would show whether the metal is pure or not.

Where to purchase gold in Delhi?

If you are looking to buy gold in Delhi, there are a number of places. Delhi is very unlike the Zaveri Bazaar of Mumbai, where there is a heavy concentration of jewellery shops in the city. In Delhi, you can find many shops in the Karol Bagh area. There are shops like Mehasrons and not to forget the Tanishq range of brands and P C Jewellers. However, what you must do is compare the rates between different jewelers to see and arrive at the best rates possible. What we must also mention is that you must also compare the making charges. Remember, that you do not get your making charges back, so do not invest in gold jewellery. It is better to do the same through gold coins and biscuits. This is because you would not have to worry about a loss on making charges, though there would be a tax that is applicable, which you have to recover and hence need to make more money when you sell the metal.

Why gold rates in Delhi fluctuate?

Gold rates in Delhi fluctuate for a number of reasons. The first and the foremost is the international gold rates. If international prices rise, the gold rates in Delhi also move higher. Currently, gold is trading at dollar 1327 an ounce. So, we add to this the currency rates and than also the applicable import duties, to arrive at the gold rates in Delhi.

The government also from time to time changes the applicable duty rates, which pushes gold rates in Delhi either lower or higher.

Is it worth investing in Gold schemes in Delhi?

Jewellers in the city of Delhi run many schemes from time to time. Investors often ask whether it is worth investing in some of these schemes. It all depends on your need to be honest. For example, if you feel that you need to gather money for an occasion like marriage or a wedding anniversary, you should go for these schemes. Remember you need to look at the benefits that the jewellers in the city of Delhi offer. For example, if you are looking at charges then some jewellers reduce the making charges, if you have taken a gold jewellery scheme from them. So, make sure that you negotiate such kind of deals before you buy any into any gold scheme. Are suggestion is that it is always a good idea if you are planning an anniversary or birthday gift to stay invested in gold schemes. Also, there are many jewellers who lock the prices of gold, the day you make the deposit in the scheme. So, this way you are hedged against risks of any sharp drop or rise in the prices of gold.

22 karats vs 24 karats gold; Which to buy?

You can check the 22 karat hallmarked gold rates in Delhi and buy or you can for the 24 karat hallmarked gold. In either case, people are confused. There is no confusion actually. It is simple, if you are buying gold jewelry, you need to go for the 22 karats one, while if you are looking at 24 karats, you need to pursue gold coins or gold biscuits. The difference between 22 karats and 24 karats is simple. The latter has hold content of 99.9 per cent purity, while 24 karats, just about has 91.6 per cent purity.

These days individuals are looking to increasingly look at other investment options like gold exchange traded funds, though the government's measures to introduce sovereign gold bonds, has failed to see good response. Consider a variety of options before you decide to plunge into just any one.

How to track gold rates in Delhi today?

There are many ways to be tracking gold prices in Delhi today. If you have a share broking account, the surest way would be to track gold futures, which would also reflect the rates of gold you would get at your local jeweler. Remember trading starts early before some shops open, so if you want to know if Delhi gold prices in the spot market (that is at your local jeweler) would be higher, you can go ahead and see the rates on the MCX, which is also known as the multi commodity exchange. Also, remember that we at gooderturns.in update are prices frequently, so do not miss visiting. It is extremely important to check gold rates as you can avoid, buying into the precious metal, if prices have risen substantially during the day. It is another matter if the buysing is for marriage or any other event.

How interest rates affect gold prices in Delhi?

One of the biggest factors that tends to influence gold prices in Delhi is the behaviour of interest rates. In fact, gold rates and interest rates are very closely linked. This is why what happens to interest rates worldwide assumes paramount importance. It is very simple - when interest rates across the globe go up, gold rates will fall and vice versa. Apart from this there is also monetary expansion, which tends to impact gold prices. For example, when the global central bans engage in quantitative easing, what happens is that there is more liquidity in the global financial system and when that happens, it leads to a sharp rally in gold prices. Let us give an example. The last time when the US Federal Reserve hiked interest rates gold prices fell and the same is likely to happen. On the other hand when there is fresh supply of money through quantitative easing gold prices tend to do exactly the opposite and move higher.

Shops that sell gold and jewelery in Delhi

There are many shops that sell gold in Delhi. These include the renowned ones like P C Jewelers, Tanishq etc. the most important thing when buying gold is to compare the prices. There maybe no variation in the prices of gold, though we must admit that there could be a huge variation in the making charges. These days the making charges on gold and gold jewelry has become pretty expensive. What we also suggest is to compare these rates.

If you are looking to buy gold coins, you can check with some of the banks. Almost all of the banks, sell gold coins. However, what is important to remember is that these banks do not buyback the coins.

Understanding the difference between spot gold and gold futures

Individuals looking to invest in Delhi in gold, should figure out the options including the various means of investing from spot gold and gold futures. Spot gold is nothing, but, the investment that an individual makes in gold coins, bars etc. On the other hand, in the futures market one buy the precious metal and settles the contract at a later date. There is a remarkable difference between both that individuals should note. The futures market is always risky as the exposure is way too high. So, since you are trading in volumes, a slight difference in the price could mean a lot. The exposure is limited in the spot market, as one has to pay cash and buy the precious metal. In the futures market one just pays the requisite margin money and squares up the position before the contract expires.

Gold prices in Delhi in 2017

It is unlikely that we will see windfall gains for gold prices in Delhi in 2017. In the year 2016, gold has already given decent returns and gold rates in Delhi have moved in sync. The global markets were flush with funds and a lot of money got pumped into gold. This fuelled a rally in gold prices in 2016. But, it is unlikely that the same trend would continue in 2016. In fact, gold prices could be headed lower, as interest rates rise and  quantitative easing measures are relaxed. Thus, if international gold prices fall, it is highly likely that we will see a drop in prices of gold in the domestic markets as well. Gold prices in Delhi, which began the year at Rs 24,900 have steadily moved higher giving a return of almost 24 per cent during the year. It is highly likely that we not see the same returns, unless there is political chaos or geo-political tensions across the globe.

Different types of purity of gold

Gold comes in purity of various forms. The most common of these is the 22 karats. This is not completely pure gold and has a 91.67 per cent purity. It is generally found in gold jewelery as gold being brittle, needs to be added to alloy or else you could have your gold snap. This is also popularly called as 916 gold. On the other hand, if you want to go for the highest level of purity of gold, you have to go with gold of 24 karats. These can be bought in the form of gold biscuits and also in the form of gold bars and coins. There is also 18 karats gold, which is not the most popular in India. In fact, it has just 75 per cent purity, as compared to the 24 karats, which is nearly fully pure.  If you are looking at buying this precious metal, it would be the best bet.

Different choices in Buying gold in Delhi

While you can buy the tradional gold jewelery and gold coins, you can also look at a host of other investment options. Investors can buy the Gold ETFs in Delhi.

Gold ETFs are like shares. You can open a demat account and buy and sell the same. They are traded in the electronic form. The big advantage of these gold instruments is that there is no worries of any thief coming and stealing your gold.

Apart from this, since they are in the electronic form, you do not have to worry about charges for storage, say for example, bank lockers.

Why Delhi investors should buy gold?

There are many reasons that Delhi investors should buy gold. First is that there is no better investment than gold when you want to diversify your portfolio. Let us explain this with an example.  Say, you have placed all your money in shares. What happens when there is a share price collapse, due to say a financial crisis. All your money is sunk. But, gold is a perfect hedge in bad times. When things are bad people take shelter in gold. This is why people of Delhi should be buying gold, when gold prices in Delhi fall.

Gold as we discussed can be bought and sold in many forms, which is why we should not worry too much. But, as we mentioned it is imperative that you put at least put a part of your wealth into different forms of gold, including gold ETFs. However, what is important is that you buy into gold, keeping in mind gold prices in Delhi. In fact, since the global financial crisis of 2008, gold has rallied almost 2.5 times. This is one reason why gold can be a great bet and a hedge against bad times.

Buying Gold coins vs Gold ETFs Vs Gold Jewelery in Delhi

Today, you have a plethora of options, when it comes to buying gold and gold related products. Among the many choices that you have include gold coins, gold jewelery and gold ETFs. If you buy gold jewelery, you do not get the making charges back. On the other hand there are applicable taxes when you buy gold coins, which increases the costs of the gold. So, if a 10 per cent cost escalation happens, due to taxes, you need gold prices to rally by at least another 8 to 10 per cent, to get a decent return. So, in order to make decent returns gold has to gain at least 20 per cent. Under the present context, it is difficult to see how that could happen. On the other hand, if you buy gold ETFs, it is a much better proposition simply because you get better value for your gold.  Also, there is no headache with thieves robbing your gold as the Gold ETFs are held in the electronic form.

Historic gold price movement in Delhi

Historically, gold has given good returns to investors, particularly over the more longer term. For example, those who invested in gold, before the US subprime mortgage crisis, managed to triple their returns in the last eight years. In fact, the precious metal has beaten inflation by a good margin. Gold has often been considered as a good hedge against inflation and the returns are pretty decent. Hence, if you are looking to make returns from the precious metal, it may not be a bad time to buy into gold in Delhi. Chances are that you could ending-up making money in the more longer term.

Understanding the finer aspects of gold jewelry

Making of fine gold jewelry in India has had its own charm since the many centuries. Gold jewelry cannot be made in 24 karats, which is why we have jewelry of 22 karats only. This is because 24 karats gold is very pure and hence very brittle and tends to break, which is why it is not suitable to make gold jewelry. You can also have jewelry in 18 karats, but that is not very popular in India. 18 Karats gold has about only 75 per cent gold in it, while the rest is metal that is added to the gold to make it into jewelry. If you are looking at buying gold, you should buy 22 karats in jewelry. If you are looking as investment, it is better to buy gold coins and bars, as you can get them as 24 karats gold. However, the best form which many Delhites should try is the Gold ETFs. These have many advantages and among the few is that they are extremely liquid and can be sold without any worries. You do not have to worry about theft as well, as Gold Exchange Traded Funds can be held in the elctronic form.

 

Look at other gold options

Over the years, gold investors in Delhi have had plenty of options, including investing in sovereign gold bonds, gold exchange traded funds etc.

The government has over the years discouraged individuals from buying gold to keep the current account deficit under check. It has enabled various options, including sovereign gold bonds and the gold monetization scheme. You can invest in these schemes, if you do not like physical gold.

In fact, it is a better option, since physical gold means storage issues and also worries over theft.

These days there are a plethora of options and investors should not think twice.

How gold prices in Delhi differ from other Cities?

Gold prices in Delhi are almost slightly higher than some other cities. This is because there is some transportation costs that are involved, moving gold to the city from major ports. In fact, prices of gold is slightly lower in cities like Mumbai, where investors can get a bargain deal. However, if you are in another city, where you are travelling, you can always buy gold from that city.

Gold prices also differ in Delhi city from other cities, because of muncipal and other taxes that are applicable from time to time. In any case check with your jeweler before buying.

Rupee and gold price movement in Delhi

 The rupee movement against the dollar tends to impact gold rates in Delhi. For example, when the rupee gets stronger against the dollar, gold prices fall. On the other hand, when the rupee dips against the dollar, gold prices tend to gain ground. In fact, in the last few years, gold prices have gone higher in India, also due to the sharp fall of the rupee against the dollar. Apart from this local tariffs and duties also tend to change the gold prices in India and Delhi. So, watch for cross currency headwinds to see if gold prices in Delhi have moved either way.

Gold in futures markets vs spot market

You can buy gold in two ways: one is in the spot market in Delhi at the local jewelers shop or through the futures market. In the first instance, you pay the entire amount and you take possession of the gold that you purchased. So, you buy 10 grams at Rs 2,700 per gram, you pay Rs 27,000 for the same. On the other hand in the futures market, you buy 10 grams, but, you only pay margin money, probably of 10 per cent. So, you have higher exposure by paying very less. This is of course very risky way of buying and selling gold, but, you can also end-up making higher money. One important thing that we need to mention is that you have to sell the gold you buy, before the expiry of the contract in the futures segment. On the other hand in the cash segment, since you have already paid the cash, you can take possession and sell the gold at the time you like.

What does white gold mean?

While gold is very much in vogue these days. If you tell somebody, you want to buy white gold it no longer surprises them. There are many who still go by the traditional means of the normal yellow gold. White gold is nothing buy an addition of other metals to the normal yellow gold that we have. So, what are the metals that are added to gold is the common question. Among the metals that are added include Nickel, palladium, and silver. Now, it is important to remember that you can never get white gold in 24 karats or even for that matter in 22 karats. This is because the colour of the original gold can never change unless the mixture of the component is high and that is more than 25 per cent of the other metal. Generally speaking white gold would be around 21 karats. Remember, that 22 karats is just about 75 per cent gold.

A period of stability to gold prices

Delhi has seen great stability in prices of the precious metal, as investors have been buying in small quantities for the last few months. This has kept prices very stable across the world. Also, some diversification and purchases in the metal have been seen in the recent past. There are reports that hedge funds have been active, across the globe, which has led to gold prices to remain steady and find support at lower levels. However, how far prices would stay elevated is difficult to say. Gold prices largely depend on a host of factors, some of these include the movement of the rupee against the dollar and other factors like geo political tensions. At least as far as the latter is concerned, we are seeing some stability, which is why gold prices are finding excellent support.

A perking of gold rates

While we did mention that gold rates in Delhi have given good returns, a lot would now depend on how international global cues pan out. For example, if there is a meaningful hike in interest rates in the US, we would see gold rates falling and vice versa. This is because investors would rush to invest in US treasuries as interest rates there rise. Remember, rising interest rates in the US, is not good for gold rates. In fact, we have seen some decline in the prices of gold, as investors have sold into the precious metal. If you are looking to hence buy into gold, it is a good idea to buy the metal on declines. The other factor that might help support rates is the fact that the government might not use to many interventionist policies. For example, the current account deficit, which went for a toss on account of gold is now very much under control. So, the government may not really change policies too much to discourage the use of gold.

What to look for in Delhi Gold rates before buying?

If you ever thought of buying gold in Delhi, you need to do a thorough research. For example, among the things that you need to look at is how prices of gold in Delhi are determined. Among the top factors is the international gold rates. Having said that another big factor that influences gold prices in Delhi is the duties that are applicable and made payable by the government from time to time. These days there are not too many changes that are happening on the gold duties and taxes front. However, there are times when the current account deficit goes for a toss and the government to curb gold imports has to levy duties on the same. This is done because gold form the second highest imports in the country and a lot of foreign currency outflows happen when we import gold.

Latest Updates on Delhi Gold Rates

Flattish opening for gold prices

Gold prices in Delhi are likely to see a very flattish opening as investors continue to worry about the direction of interest rates in the US. The US Federal Reserve recently raised interest rates and there are worries that it would do so even further, which should impact gold prices in India. How far prices would be impacted is always difficult to say. There are many investors in Delhi who are waiting for prices of gold to fall below Rs 27,000. When that happens, we might see fresh buying in the precious metal that comes forth. However, it looks extremely doubtful that under the present circumstances if gold prices would fall, given the fact that the world is flush with money and in select places across the globe interest rates are way too low. For example, in India interest rates have fallen a great deal, which has made buying gold a better option.  Remember, that gold and interest rate always move in different directions. When one moves higher the other moves lower and vice versa. Hence, it is always a good idea to buy when you get an opportunity on declines, becaause it is veery difficult then to get good prices from gold.

23 March 2017
Gold rates in Delhi stay flat

Gold rates in Delhi were trading marginally higher, as investors continued to buy even as equities were surging in the first few weeks. The city has been seeing some buying support in the last few days, even as the festive season is now drawing to a close. There are hopes that we may see some more fall in gold rates in De;hi, which has more or less been flat for the last few days. The drop seen last week in rates has once again given investors the chance to buy, but, we have seen some recovery in prices since the start of the year. It is highly possible that we may see a further rally in prices in the coming days, as equities are no longer very lucrative. Share prices in India and abroad have been on an upswing and ther is reason to believe that it would happen. So, if you are an investor in Delhi it maybe time to buy into the precious metal. 

21 March 2017
Gold rates in Delhi discount Fed move

Gold prices in Delhi are set to move marginally higher, even as global markets discounted the US Fed would. Gold for 22 karats in Delhi has now for the very first time dipped below the Rs 28,000 levels. It is not a bad idea for investors to move and buy gold now. So, what are the reasons for the drop in gold prices. One of the biggest reasons for the drop in gold price in India is that the rupee has gained against the US dollar. At one stage the rupee was trading at Rs 68, but has now dipped to levels of Rs 65.64 to the US dollar. How far the dollar would go higher is not sure. But, the higher it goes against the US dollar, cheaper gold prices in Delhi would become.  Gold price in Delhi are now still way above the Rs  27,000 levels mark, though there are hopes that it would fall further. The one good thing about gold in Delhi is that it is the festive season and investors may now look at buying into the precious metal on declines. Whether that leads to an increased demand is not certain, but it does give investors an opportunity to buy and hold for the long-term.

17 March 2017
Gold prices to open flat in Delhi

Gold prices are expected to open flat in Delhi, even as investors look to what the US Fed would do with interest rates. Gold prices in Delhi last closed at Rs 27,798. This is below the levels of Rs 28,000, which is good news for those looking to buy the precious metal. In fact, prices have dipped on account of a host of factors including currency, whereby the rupee has strenghtened against the US Dollar. In fact, the rupee is now set to breach the 66 levels mark, which should make gold prices in Delhi even cheaper. If gold prices fall below the Rs 27,000 levels and somewhere around the Rs 26,690 levels it would be a good time to buy gold. At the moment, there could be a temporary fall and those individuals who have since the beginning of the year, waiting for that kind of dip, could be in for some good news, as they could now buy into gold. It is also a good time to meet your diversification needs, which would also help you to buy gold for an important ocassion like a marriage. In fact, if you are looking to buy for an ocassion the dip below Rs 28,000 may provide you the right opportunity to do so.

15 March 2017
Delhi gold prices to stay flat

Gold prices in Delhi are expected to stay flat, even as there could be brisk buying for the Holi celebrations. However, one is not sure whether there could be a rush at jeweller shops in the city given the fact that people would be busy with their celeberations in the morning. However, we might see some buying that would emerge at the end of the day as investors and consumers might visit shops.  Jewellers in the city may also have witnessed some buying interest ahead of the festival. There maybe some buying that could emerge later in April-May, but, March is largely considered a leading season because of the examinations of students. However, demand may pick up in May for gold, before the lull season of June, because of the rains. All in all, if you wish to buy gold, you should buy it when prices are low. However, we have not seen prices dipping really for the precious metal since the start of the season. If you want to buy and invest in gold in Delhi, the best time would be after the festive season, when there is a possibility of gold prices falling. Otherwise there could be no way you should be buying into the metal.

13 March 2017
Gold rates Delhi to trend higher

Gold rates in Delhi are set to trend higher, despite worries that the US Fed would raise interest rates all over again. Gold for 22 karats was last seen trading at Rs 29,100 per 10 grams, as against the previous price of Rs Rs 29,150 per 10 grams. It is likely that we will see a flat trade in the next few days. The advent of Holi will see greater demand for the precious metal in Delhi. How far the metal would move is difficult to say. In all probability, we might see gold hovering in the range of 29,000 per 10 grams to Rs 30,000 per 10 grams in the next few days. When that happens, it is a good time to buy gold at the lower end of the price target. What we suggest is that you look at options of buying on the lower side of the price band. This is when you have a chance of doing a great deal of money, through favourable gold prices in Delhi. However, timings the markets is always a big risk, as you do not know the exact prices at which gold could rally. So, if you are able to see prices at around the Rs 26,900 levels per 10 grams, it would be a good opportunity to buy into gold.

10 March 2017
Expect a marginal decline in rates

Gold rates in Delhi are expected to decline marginally, when markets open for trade. Gold for 22 karats and 24 karats are both likely to remain lower, given the decline in prices in the global markets. Gold in the international markets fell below the dollar 1220 an ounce mark, after worries that the US Federal Reserve may hike interest rates later this month. The US Fed is slated to meet later this month, in what investors expect it to raise interest rates. This is the second time that rates would be raised in the last few months. Prior to this we had seen a time of low growth rates and low interest rates, which had led to a lot of interest being seen in gold. However, this time one is sure that the US Fed would raise interest rates, which should have an impact on the rates across the globe. Delhi gold prices have been on a roll since the start of the year and the trend is likely to continue in the near future. If you are looking to buy into gold, a time of decline would be the best time that you could bet on it. In case prices are high, it would be a time to skip buying into the metal and wait for prices to recede. At this point in time, it would be great to re-enter the metal.

7 March 2017
Gold rates in Delhi to fall

Gold prices in Delhi will begin the month of March lower, as investors sell into the precious, following a firm dollar. Investors were waiting the speech of US President Donald Trump, whose policies are believed to be inflationary. This can lead to a faster then expected interest rate hikes in the US, which is not good news for gold. The prices of gold in Delhi would move in line with international prices and as we have highlighted there are more factors then one that could impact gold prices in Delhi. If you are looking to buy, go ahead and use a strategy of buying into the metal on dips. In this way you would ensure that you are not buying at high levels, which would ultimately lead to a decline in prices. Also, these days we have seen that the rupee is firming against the US dollar and this is good news for gold buyers. This is because prices start becoming lower when this happens. In Delhi, you can sell on every rally when the metal crosses say for example Rs 30,000 in price. This is because there is unlikely to be too much of a momentum for the precious metal going forward from here on.

1 March 2017
Gold prices in Delhi to stay higher

Gold prices in Delhi will open marginally higher in trade, as global prices remained robust in the international markets. Gold for 22 karats and 24 karats were both higher, as international prices of the metal saw some movement at higher levels. In the global markets, gold prices per ounce were higher, as investors bought into the precious metal on declines. We suggest that investors do not buy into the metal at the current prices, as the scope for buying the metal is very limited. Gold has been on a roll in Delhi in the last few years. It is likely that we would see some more movement, before we see a sharp decline in prices. In fact, we suggest that you monitor the price before buying gold in Delhi. At the moment, there is a good scope for individuals to buy into the metal on declines. This is because at Rs 28,300 per 10 grams in Delhi, prices have not yet hit the roof. However, in future it is highly possible that we could see prices touch alarmingly high levels. So, one needs to maintain a strategy of buy on declines. What we wish to also emphasize that gold rates in Delhi can move in either direction and that one has to be patient, before there is some gains that would be made in the precious metal. It would be a good idea to adopt a very long term approach to buying gold in Delhi.

 

24 February 2017
Godl prices unlikely to move much

Gold prices in Delhi are unlikely to move much, given the fact that there has been subdued movement in the international markets. Most observers of the precious metal are looking at volatility that is likely to emerge as the French election draws near. How far that volatility will last is difficult to say. One of the French Presidential candidates have even threatened to pull out of the European Union, which would add to volatility for gold prices. Gold rates in Delhi have been hovering around the Rs 28,250 mark for sometime now. How far they will go is difficult to tell, but if they do rally, it would be an excellent opportunity for investor to sell into the precious metal. It is always so difficult for gold prices to sustain at very high levels. There would be opportunities for investors to sell into the precious metal. If you wnat to buy a better idea would be to ensure that you buy at the low rates of around Rs 27,000. If you try buying the precious metal at every high level, the chances are bright that you would end-up making losses someday. So, the best idea would be to either buy low and sell high or not buy at all. The latter would be a better idea.

20 February 2017

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

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