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Gold Rate in Gurgaon (4th February 2023)

Feb 4, 2023
5,325 /Gram(22ct) -50

Gurgaon, also called Gurugram has seen gold rates remain stable for a while. Investors have not been getting good returns from the metal over the last few years. In fact, gold rates in Gurgaon are almost the same as they were about 1-year ago. It is important for investors in gold who are looking at good returns from the metal to look at long-term investing. 

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

Gram 22K Today 22K Yesterday Price Change
1 gram 5,325 5,375 -50
8 gram 42,600 43,000 -400
10 gram 53,250 53,750 -500
100 gram 5,32,500 5,37,500 -5,000

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

Gram 24K Today 24K Yesterday Price Change
1 gram 5,808 5,861 -53
8 gram 46,464 46,888 -424
10 gram 58,080 58,610 -530
100 gram 5,80,800 5,86,100 -5,300

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22K 24K
Feb 3, 2023 53,250 -500 58,080 -530
Feb 2, 2023 53,750 600 58,610 630
Feb 1, 2023 53,150 500 57,980 550
Jan 31, 2023 52,650 -150 57,430 -160
Jan 30, 2023 52,800 0 57,590 0
Jan 29, 2023 52,800 0 57,590 0
Jan 28, 2023 52,800 150 57,590 170
Jan 27, 2023 52,650 -600 57,420 -660
Jan 26, 2023 53,250 400 58,080 430
Jan 25, 2023 52,850 0 57,650 0

Compare Average Gold Rate in Gurgaon for 22K & 24K (10gm)

Term 22K 24K
10 Days 52,995 57,802
20 Days 52,688 57,480
30 Days 52,314 57,070
60 Days 51,239 55,892
90 Days 50,352 54,925
180 Days 48,689 53,111
1 Year 48,064 52,431
2 Years 47,195 51,467
3 Years 47,093 50,909
4 Years 44,372 47,643
5 Years 41,823 44,895
6 Years 39,739 42,717
7 Years 38,410 41,260

Weekly & Monthly Graph of Gold Price in Gurgaon

Historical Price of Gold Rate in Gurgaon

  • Gold Price Movement in Gurgaon, January 2023
  • Gold Rates 22K 24K
    1 st January rate 50,750 55,350
    31st January rate 52,650 57,430
    Highest rate in January 53,250 on January 26 58,080 on January 26
    Lowest rate in January 50,600 on January 1 55,200 on January 1
    Over all performance Rising Rising
    % Change +3.74% +3.76%
  • Gold Price Movement in Gurgaon, December 2022
  • Gold Price Movement in Gurgaon, November 2022
  • Gold Price Movement in Gurgaon, October 2022
  • Gold Price Movement in Gurgaon, September 2022
  • Gold Price Movement in Gurgaon, August 2022
  • Gold Price Movement in Gurgaon, July 2022

What is the price of 22 karats gold in Gurgaon?

22 karats gold rates in Gurgaon or Gurugram has been hovering in the range of Rs 47,100 to Rs 48,990 per 10 grams in the last few months. On the other hand 24 karats gold in Gurgaon recently crossed the Rs 53,400 per 10 grams mark. One of the top reasons why 22 karats gold prices in Gurgaon have rallied is on account of the buying see in the global markets, where prices in the spot market have gained ground. Investors continue to believe that prices would rally thus benefitting gold investors. 24 karats gold always tend to be more expensive on account of the purity that accompanies it. However, it cannot be used in the making of gold jewellery, because the metal is very brittle. One can also use 18 karats gold in Gurgaon for making gold jewellery.

What factors impact gold rates in Gurgaon today?

There are many factors that impact gold rates in Gurgaon. Among these include world gold rates, currency movement and local taxes, including octroi. However, one of biggest factors would continue to be global prices. They in turn get impacted by factors like global interest rates and the dollar index. One has to keep a close tab on these factors if one wants to buy gold in Gurgaon today. However, it is always difficult to predict which way gold price would trend. One thing that buyers and investors can do is buy in small quantities when prices are low. Also, the method of averaging is not a bad idea as even if you buy at higher prices, when prices drop, you can buy more this averaging your costs. In any case in the long-term investors have found that prices always tend to gain ground. Therefore, buying in small quantities and at regular intervals always helps.

Where to buy 22k Gold jewellery in Gurugram?

There are a number of popular jewellery shops in Gurugram selling gold jewellery. In fact, the city is a popular place to buy gold for both 22k and 24k. All kinds of gold, including white gold, rose gold and the regular gold is sold. In fact, most of the popular gold jewellery showrooms including Tanishq and PC Jewellers have their showrooms in the city. The demand for gold, both 22k and 24k in Gurugram has been good. In fact, the demand during the festive season has been even higher, as investors buy it on auspicious occasions. Overall, the demand for gold has increased whether we consider 22k or 24 k gold. Investors who buy gold for the long-term tend to profit more than investors buying into the short term. Gold has often been treated as a hedge against inflation, though that has not always been the case. These days on account of a drop in the price of the rupee, we have seen gold rates move higher.

Why you should look at wastage and making charges of Gold Jewellery?

When buying gold for 22k in Gurgaon, one of the important things to look for is the making and wastage charges. Often, jewellers, especially the smaller ones would as a percentage of the cost of the gold jewellery levy some wastage charges. On the other hand making charges is nothing, but, the cost involved in designing gold jewellery, largely to compensate the worksmanship. In some cases, these cots could go as high as 25% of the cost of the gold jewellery, which is why it is best to check with the gold jeweller the costs involved before buying. In the case of gold coins and bars, there are no such costs involves, which is why it makes sense to buy the same, as you get value for money when sold. What we are trying to say is that when buying gold in Gurugram for investment purposes and not consumption it is better to buy gold coins and not gold jewellery.

What GST charges are applicable when you buy 22k gold jewellery in Gurugram?

Many consumers often like to know whether there is GST on making charges of Gold Jewellery, when you buy gold in Gurgaon, now also known as Gurugram. Let us tell you how this works. Jewellery establishments undertake the help of artisans and specials, who work on gold bars to make delicate pieces of jewellery like Necklace, ear rings, gold bangles etc. Now, when this is done, the jewellery shop has to charge 5% GST. However, if the goldsmiths or specialists are not registered under GST, the gold merchant or jeweller must pay GST at 5% on a reverse charge basis. Consumers who approach the goldsmiths by themselves will also have to pay 5% GST if the goldsmith is registered under GST. This makes the cost of jewellery even more expensive, hence we would advise to buy Gold ETFs, which track the exact price of gold.

Is white gold a good investment option for investors in Gurgaon?

These days we have gold in a variety of forms, including white gold as well as the not so popular rose gold. Let's tell our readers first is that white gold in Gurugram can only come in 916 or 22k gold. In fact, 24 k gold will always come in the regular colour of gold.

So, the question that often arises is: would I get the same price for white gold? The answer is yes, you would receive the same price for white, red or rose gold, provided the purity is intact. White gold basically is made from mixing nickel or zinc. If this white gold is stamped as 18 karats, it means you would get the value for 18 karats, which is about 75% pure gold and the rest is a mixture. One of the more popular versions of buying gold jewellery in Gurgaon is the 22k, which is more popular than the 18k.

What are the popular items of gold today that buyers want in Gurgaon?

Whether you are buyer of 1 gram gold in Gurgaon or 10 grams gold, you are always looking to buy into the popular items. Today, buyers of gold in Gurugram prefer items like gold nose pin, gold rings, gold necklace, gold earrings and gold sets. The choices for buyers have become diverse, though one must admit that gold rates in Gurgaon have risen sharply, which is why investors today prefer the smaller pieces like earrings and nose pins. These can come from 2 grams to 10 grams, which is why they are preferred as they are considered more affordable because of the less grammage in them. For example, if you are buying a gold necklace it come with a heavy weightage, which means the cost is high. Today, investors have also become price sensitive and check rates before buying.

How much capital gains tax is payable when investors sell gold in Gurgaon?

There are several investors who buy gold for the sake of investments. It is also possible that you would have inherited an old piece of jewellery from your parents and would like to sell the same. In such cases it becomes necessary to determine the cost price of the gold, without which you cannot calculate the capital gains tax on the same. Once you know the cost prices and sale price of the metal, you can accurately arrive at the profit on sale. Now, the next thing to do would be to determine whether this is a long term capital gains profit or a short term. If you have sold gold at a profit in a time period that is less than 3-years, capital gains becomes applicable as per your tax bracket. Beyond that a capital gains tax of 20% with indexation would become applicable.

Will gold prices see sharp gains in Gurgaon in 2023?

The often asked question for investors in Gurugram is whether there will be increase in 1 gram, 10 gram and 100 gram gold rates in Gurgaon. As we head into 2023, it is hard to say which direction gold rates would move. However, we believe that as long as interest rates across the globe tend to be higher, we would see gold prices continuing to be subdued. However, what we can say with some certainty is that sharp fall in gold prices in Gurugram is unlikely. The trend that we have observed with gold is that as soon as prices fall, there is a fresh support that emerges at lower levels, leading to a recovery in prices. If you are expecting sharper cuts of 5 and 10% in the price of the metal in the immediate future, that is unlikely to happen. The best strategy would be to buy and average out on every decline.

 Outlook for gold prices in Gurgaon in 2023

Gold rates in Gurgaon for 2023, which largely depends on global rates, which will take into account how inflation and hence interest rates pan out. As we complete the year 2022, we have seen prices of gold in Gurugram for 22k have largely moved higher since the commencement of the year. In 2023, 22k and 24k gold rates may move even higher, as interest rates across the globe could fall. The direction of which way any precious metal moves in the long term is hard to predicted and so is the case with gold. These days predicting an accurate trend is very difficult, as prices are exceedingly volatile. Investors too have remained confused as suddenly the prices of the metal in the last few months has jumped. However, if demand for the metal rises, it is highly possible that rates too would jump in the short to medium term.

Are making charges of Gold high in Gurgaon?

Generally the one thing that can make a price difference in gold rates for 22k in Gurgaon is the making charges. There is no uniform rates as far as making charges for gold jewellery is concerned. So, one cannot say with certainty, whether making charges would be higher when compared to other places. So, if you want to buy 916 gold jewellery in Gurugram, the best thing would be to compare prices online and compare between jewellers as well. If you get it at the best possible rates, you should go ahead and buy. However, for 24k gold in Gurgaon the case is different, as the rates would never be different given that it is pure gold and there ar no making charges involved. If you are looking to buy 24k gold and silver they would come at standard rates, which are pretty much uniform across Gurgaon.


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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