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Gold Rate in Nagpur (31st July 2021)

Jul 31, 2021
4,738 /Gram(22ct)

Nagpur is not only the city of oranges, but is also a great destination to do gold shopping. There are many shops, local ones that offer you best gold rates in Nagpur. Always check the live gold prices in Nagpur before you buy gold.

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

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 4,738 4,738 0
8 gram 37,904 37,904 0
10 gram 47,380 47,380 0
100 gram 4,73,800 4,73,800 0

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,838 4,838 0
8 gram 38,704 38,704 0
10 gram 48,380 48,380 0
100 gram 4,83,800 4,83,800 0

* 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 Nagpur for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jul 31, 2021 47,380 0 48,380 0
Jul 30, 2021 47,380 310 48,380 310
Jul 29, 2021 47,070 230 48,070 230
Jul 28, 2021 46,840 180 47,840 180
Jul 27, 2021 46,660 -210 47,660 -210
Jul 26, 2021 46,870 0 47,870 0
Jul 25, 2021 46,870 0 47,870 0
Jul 24, 2021 46,870 0 47,870 0
Jul 23, 2021 46,870 -30 47,870 -30
Jul 22, 2021 46,900 -220 47,900 -220

Weekly & Monthly Graph of Gold Price in Nagpur

Historical Price of Gold Rate in Nagpur

  • Gold Price Movement in Nagpur, June 2021
  • Gold Rates 22 Carat 24 Carat
    1 st June rate Rs.46,900 Rs.47,900
    30th June rate Rs.45,740 Rs.46,740
    Highest rate in June Rs.48,310 on June 6 Rs.49,310 on June 6
    Lowest rate in June Rs.45,740 on June 30 Rs.46,740 on June 30
    Over all performance Falling Falling
    % Change -2.47% -2.42%
  • Gold Price Movement in Nagpur, May 2021
  • Gold Price Movement in Nagpur, April 2021
  • Gold Price Movement in Nagpur, March 2021
  • Gold Price Movement in Nagpur, February 2021
  • Gold Price Movement in Nagpur, January 2021
  • Gold Price Movement in Nagpur, December 2020

Why gold rates in Nagpur differ from other cities

If you notice a unique trend in gold rates in Maharashtra and In Nagpur is that prices often differ from one city to the other. Have you ever asked yourself why this happens. We tell you why. This happens largely because there are many taxes and other duties that are applicable which vary from city to city. Because of local tariffs the gold rates could vary from other cities. Hence, if you find it useful you could buy gold from other cities as well. However, the other thing to note is that also because of the transport costs todays gold rates in Nagpur could vary from the previous day.

Buy gold from renowned jewellers

If you are in Nagpur there are no dearth of Gold Jewellery shops. However, you have to be a discerning investor before buying gold in Nagpur. This is because you have to buy quality hallmarked gold. Also, you get a plethora of choices before buying gold in Nagpur. You can purchase 22 karats, 23 karats or even 24 karats gold. It is a good idea to buy into some gold every month to make a decent savings for yourself. you can look at plenty of options from 1 grams to much higher ones.

Latest Updates on Nagpur Gold Rates

Gold rates in Nagpur stay flat

Gold rates in Nagpur were slightly fleattish to negative on weak global trends.

Gold for 22 karats in Nagpur was trading at Rs 4,712 per gram, which was largely in line with the broader global markets. Gold Futures were trading at $1805 an ounce, which was marginally lower, as bond yields rallied. 

Mots analysts expect gold prices to consolidate at these levels. Silver too was trading with slight declines, in line with gold prices. Investors who are looking to buy into gold can do so at lower levels as prices have rallied significantly in the last few days. For investors who have made money through buying on declines, it would be a good opportunity to sell and book profits. According to analysts gold on the MCX has support at around the Rs 47,000 levels and resistance at levels of around Rs 50,000. 

 

21 July 2021
The gold prices drops in Nagpur

The gold prices dropped in Nagpur following trends in the bullion markets amidst a rise in the U.S treasury yields. In India, the gold rates in Nagpur were recorded at Rs 42,290/- for 10 grams of 22 karats and Rs 43,990/- for 10 grams of 24 karats.

In the overseas scenario, spot gold stood at $1,741.60 per ounce; U.S. gold futures at $1,725.90 per ounce.

The ornamental metal inched up marginally on Friday in the bullion market, but the strong dollar and expansion of the U.S. Treasury yields have halted the rising precious metal as the safe-haven bet is on course for its first weekly decline in the past three weeks.

The U.S. currency and yields share an inverse relationship the fall in the dollar value will boost the yield to move up and vice versa. During fiscal 2020, the yellow metal managed to scale up and garner over 24%, marking its best annual performance in a decade.

But since the beginning of fiscal 2021, the march of the U.S. Treasury yields has halted the gold's rally. The recent passage of the additional fiscal stimulus aid also did not pressurize the metal to scale up. The metal is facing pressure from one side in the form of a rally in the dollar value and Treasury yields. On the other side

28 March 2021
Gold prices in Nagpur edges high

Gold prices in Nagpur edged higher following trends in foreign markets as hopes grow that the US Fed will keep interest levels close to zero. Gold rates in Nagpur were seen at Rs.48,310/- for 10 grams of 22-carat gold and Rs.49,310/- for 10 grams of 24-carat gold.

On the foreign platform, spot gold stood at $ 1,867.60 an ounce; US gold futures were trading at $ 1,860.40 an ounce.

Gold tends to benefit from the launch of the stimulus package. The year witnessed the pandemic crisis that forced most central banks to implement unprecedented stimulus assistance and lower interest rates to cushion the ailing economy.

So far, the precious metal has managed to accumulate more than 22% in this fiscal alone. The prevailing uncertainty forced investors to ditch the investment in riskier assets and sought refuge in gold, pushing its prices to rise.

News of the development of the coronavirus vaccine and its subsequent deployment in Western countries had caused the value of the precious metal to fall in recent days.

Analysts point out that yes, should the Fed fail to deliver, gold is likely to return to November lows.

Stock markets around the world surged in hopes that vaccines would be released around the world, limiting bullion market gains.

16 December 2020
Gold prices in Nagpur lowers

Gold prices fall in Nagpur following signals from global markets as investors' eyes are on upcoming announcements from US Federal Reserve chief Jerome Powell, which is likely to spur an economic recovery, halting the rally of the precious metal.

Gold prices in Nagpur were recorded at Rs.50,350/- for 10 grams of 22 carats and Rs.51,350/- for 10 grams of 24 carats.

In the international scenario, spot gold was recorded at $1,939 per ounce and US gold futures at $1,947.60 per ounce.

The US Fed chairman is due to speak later today at the annual Fed central bank conference scheduled for later today and investors are focusing on this issue for the details of the inflation and monetary policy indices.

Falling interest rates and stimulus measures have pushed up the price of gold and so far the metal has managed to gain over 28% in fiscal 2020.

27 August 2020
Gold prices in Nagpur have rises

Gold prices in Nagpur have risen slightly in line with global trends, as bullion has increased today as a result of growing friction between the United States and China in Hong Kong. Gold prices in Nagpur were identified at Rs.45,860/- rupees for 10 grams of 22 carats and Rs.46,860/- rupees for 10 grams of 24 carats.

In the global scenario, spot gold was at $ 1,738.30 an ounce and American gold futures traded at $ 1,739.70 an ounce. Latent tensions between the United States and China over the introduction of the new security bill in Hong Kong have garnered support for gold to rise. Growing concerns about the rapid economic recovery have prompted investors to seek refuge in a haven asset. The gradual reopening of economies in many countries has heightened the mood of the investor to choose riskier assets as there are more and more possibilities for the recovery of the economy punctuated by the coronavirus crisis. But the current scenario has brought investors back to square one.

In a move, the Chinese parliament today approved the introduction of the new security bill in Hong Kong, which is likely to jeopardize the freedom and special autonomy status of its citizens. The United States and China are stepping up their criticism of the origin of the pandemic and its consequences, which have now spread around the world.

28 May 2020
Gold prices in Nagpur slips

Gold prices in Nagpur have declined after a continuous rise in the past four days following indications from the world market amid expected economic damage from the coronavirus.

On the local market, the prices of yellow metal in Nagpur were negotiated at Rs.41,527/- for 10 grams of 22-carat gold and Rs.42,527/- for 10 grams of 24-carat gold. In the international market, spot gold saw its low price at $ 1,620.81 an ounce and American gold futures fell 1.7% to $ 1,623.30 an ounce.

The expected economic damage from the coronavirus has increased the attractiveness of the ingot shelter. Wall Street stocks fell more than 3% as concerns over the economic damage from the coronavirus pandemic returned to the fore. Investors are awaiting the adoption of a $ 2.2 trillion stimulus bill that will inject money into the world's largest economy to stem the damage caused by the pandemic.

28 March 2020
The gold rates in Nagpur unchanges

Gold prices in Nagpur remained stable despite a slight drop in the international market as part of a trade agreement between the United States and China. On the domestic market, gold prices in Nagpur were trading at Rs.36,900 / - for 10 grams of 22-carat gold and Rs.37,900/ - for 10 grams of 24-carat gold. On the world market, spot gold fell 0.1% to $ 1,474.46 per ounce and U.S gold futures fell 0.2% to $ 1,478.80 an ounce. The dollar has a low against a basket of six main currencies traded, also pulling the prices of the yellow metal to a low level on the world market. Asian shares have risen as the world's two major economies the United States and China announced a phase one trade deal and suspended certain tariffs on goods that are expected to take effect on Sunday. U.S. exports to China will almost double in the next two years, although authorities have yet to decide on a date to sign the deal.

16 December 2019
The gold price in Nagpur rises

The gold rate in Nagpur gained today despite its fall in the bullion market amidst a firmer dollar. In the domestic market, the yellow metal prices in Nagpur were seen trading high at Rs.37,900/- per 10 grams of 22-carat gold and Rs.38,900/- per 10 gram of 24-carat gold. Spot gold has slipped 0.5% at $1,523.26 per ounce and U.S gold futures have gained 0.2% at $1,532.20 an ounce. The dollar index which measures a greenback against a basket of six major traded currencies gained more than two years high. The stronger dollar pulling the yellow metal price low in the bullion market. Market Investors are expecting from the Institute for Supply Management (ISM) on the U.S manufacturers survey that forward-looking information is provided on economic conditions in the United States. In the local market, the precious metal prices in Nagpur depends on the international trade market and it is decided by some local jewellery shops association.

3 September 2019
Gold rates in Nagpur Stable

The gold rates in Nagpur remained constant today despite being steady in the international market amidst a strong dollar. The yellow metal price in Nagpur was trading at Rs.31,000/- for 10 grams of 22-carat gold and Rs.32,000/- for 10 grams of 24-carat gold. In the global markets, spot gold was up by 0.2% at $1,281.59 per ounce and U.S. gold futures were up by 0.3% at $1,280.80 an ounce.

The dollar gained against major traded currencies and it is pushing the gold price high in the overseas market. From the international business reports, Beijing was ready to use rare earths for leverage in its trade war with the United States.

The Trump administration also said on Tuesday that no major trading partner met its currency manipulation criteria but nine countries, including China, required close attention as Washington presses tariffs and negotiations to address trade deficits.

The yellow metal price in Nagpur depends on the prices at which the precious metal trades in the international market.

29 May 2019
Gold rates in Nagpur edged up

Gold rates in Nagpur gains amid the dollar boosted by the U.S payroll data. Today the gold rates in Nagpur spotted at Rs.31,560/- per 10 grams for 22-carat gold and Rs.33,739/-per 10 grams for 24-carat gold. spot gold was up 1.05 per cent at $1,298.96 per ounce and the U.S. gold futures also reached higher at $1,299.30.Growth in the U.S. is moving slowly as the country has reached full employment and productivity is very high so there is no space for growth. The growth in U.S job almost stopped in February with the economy only 20,000 jobs are creating between the contraction in payrolls in construction and several other sectors. The precious metal price in Nagpur decided by the local jewellery shop associations and it totally depends on the international trade market. 

9 March 2019

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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