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Gold Rate in Pune (24th August 2017)

Gold has had a good rally this year, discounting fears of a possibility of decline. In fact, gold prices peaked to touch Rs 32,000 in July 2016. We have provided todays gold rates in Pune for our valuable readers.

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

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,852 ₹ 2,842 ₹ 10
8 gram ₹ 22,816 ₹ 22,736 ₹ 80
10 gram ₹ 28,520 ₹ 28,420 ₹ 100
100 gram ₹ 2,85,200 ₹ 2,84,200 ₹ 1,000

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,111.20 ₹ 3,102 ₹ 9.20
8 gram ₹ 24,889.60 ₹ 24,816 ₹ 73.60
10 gram ₹ 31,112 ₹ 31,020 ₹ 92
100 gram ₹ 3,11,120 ₹ 3,10,200 ₹ 920

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

Date 22 Carat 24 Carat
Aug 23, 2017 ₹ 28,520 ₹ 31,112
Aug 22, 2017 ₹ 28,420 ₹ 31,020
Aug 21, 2017 ₹ 28,920 ₹ 31,549
Aug 19, 2017 ₹ 28,420 ₹ 31,003
Aug 18, 2017 ₹ 28,570 ₹ 31,167
Aug 17, 2017 ₹ 28,250 ₹ 30,818
Aug 16, 2017 ₹ 28,200 ₹ 30,763
Aug 14, 2017 ₹ 28,500 ₹ 31,090
Aug 12, 2017 ₹ 28,520 ₹ 31,112
Aug 11, 2017 ₹ 28,530 ₹ 31,123

Weekly & Monthly Graph of Gold Price in Pune

Historical Price of Gold Rate in Pune

  • Gold Price Movement in Pune, July 2017
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.28,100 Rs.30,667
    31st July rate Rs.28,300 Rs.30,872
    Highest rate in July Rs.28,300 on July 4 Rs.31,000 on July 4
    Lowest rate in July Rs.27,350 on July 1 Rs.29,836 on July 1
    Over all performance Rising Rising
    % Change +0.71% +0.67%
  • Gold Price Movement in Pune, June 2017
  • Gold Price Movement in Pune, May 2017
  • Gold Price Movement in Pune, April 2017
  • Gold Price Movement in Pune, March 2017
  • Gold Price Movement in Pune, February 2017

Gold has always seen a good demand from the city of Pune. In fact, the rising gold rates in Pune, has not deterred the people of the city from buying gold.

How gold rates in Pune are Determined?

Gold always moves higher or lower in the international market. Based on this we see a movement of gold prices in Pune. So, when gold prices internationally go up, they start moving higher in Pune as well.

However, another important factor to consider as far as gold prices in Pune are concerned is the exchange rate. When the rupee drops against the dollar, the precious metal will become more expensive. Let us give you an example.

If you are importing gold at Rs 66 per dollar and if the rupee rises to 67 against the dollar, gold imports would become expensive and hence gold rates in Pune.

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

Buying gold futures in Pune

If you love the volatility of gold prices, buy into the gold futures market in Pune. This is because, it is the best place to make money quickly and fast. Let us give an example. When you buy 10 grams of gold in the physical form you would pay the entire amount of Rs 27,000, assuming that the price of 22 karats gold in Pune is Rs 2,700 per 10 grams. On the other hand, if you buy in the futures market in Pune, all you have to do is pay just about Rs 2700 per 10 grams, as the margins in the futures market is very low. So, the better option is to look for futures market in gold. But, there is a catch which you should remember. You have to sell the gold as in the futures market the gold has a contract expiry. For example, if you have bought gold for March expiry then you must make sure that you settle the contract before the same expires. This is because you have paid only margin amount and this is how things work in the futures market in India. So, even if you are incurring a loss you will have to sell by cutting the losses. if you have made a profit it is good for you.

Why today gold rates in Pune are different from yesterday gold rates?

There is no guarantee that the gold rates today in Pune and yesterday gold rates or tomorrow's gold rates will be same. Because gold rates are affected by various reasons and they change every day. The reason the economist advice to follow gold rates every day is it explains the how the economy is moving or progressing.

Especially for investors following these things will help to understand which turn today gold rates in Pune will take. Those parameters are as follows.

Always follow the gold related news. Every day there will some news on gold how the gold rates are moving such as global cues may be weak or US dollar may grow and etc, These news affects gold rates in Pune. One can follow this news on goodreturns.in. even you can subscribe to our newsletter and we will mail you gold news and top business news of the day.

All Precious metal prices - There will be some relation between the price of all precious metals. So if the price of any metal is changed in any part of the world that price is going to affect gold rates in Pune as well. So it is better to follow the gold rates all around the world. To assume today gold price in Pune.

Exchange rates of Rupee - There will be a change in the exchange rate of rupee which affects the gold rates in Pune because the exchange rates of rupee with other currencies shows affect on foreign reserves we have so it will affect the imports and exports, in Parallel gold rates in Pune will be affected.

Where to Buy Gold in Pune?

Pune city has a number of renowned shops from where you can make purchases of gold. In fact, shops like P N Gadgil are one of the oldest jewellers in the city. Other renowned chain like Tanishq also has a number of showrooms in the city.

Unlike Mumbai, where there is a heavy concentration of jewellery shops in Charni road, here you can see the shops are pretty much spread out.

Factors Affecting Gold Prices in Pune

We wish we could emphasize on one major factor that impacts gold prices in Pune. Sadly, we cannot. There was a time when individuals would assume that gold prices would go higher, because of the festive season. This is not the case. For example, gold prices have nothing to do with festivals. Gold is traded in the international markets, which are influenced by a whole lot of factors from interest rates from the movement of the dollar to interest rates. So, if you are a big believer in the fact that the dollar would strengthen against other currencies, then go ahead and buy gold because gold prices would then certainly fall. So, the correlation of gold and dollar is just the opposite. When one of them falls, the other gains and vice versa.

The advantages of buying gold in Pune

There are plenty of advantages when you buy gold in Pune. The first and the biggest advantage of gold is that it acts as a hedge which protects you from inflation. Over the last few decades we realize that gold has given excellent returns to us. The other advantage is that gold acts as a refuge in times of crisis. Just ask the many people who have invested in gold in the last many years and they would tell you that it has acted as a refuge. This makes the precious metal an ideal bet during times of crisis. Investors have never largely invested in gold as an investment. Over the years they have purchased the precious metal more like a need then an investment. So, you buy gold jewellery for a function and later it could end-up as an investment. This is one of the biggest advantages of buying gold in Pune. The other reason to be buying gold is that some instruments like Gold ETFs are very advantages and do away with the other large disadvantages that we see in physical gold, so it is advantageous to buy them. In short the advantages of gold far outweigh is disadvantages, which is why it s a very preferred metal.

How Can you Choose the Right Gold Investment in Pune ?

There are a variety of investment avenues when you invest in Gold in Pune. Among these include the Gold Exchange Traded Funds also called gold ETFs or gold coins and gold bars and also what is popularly the newly launched the sovereign gold bonds. However, you must choose the right gold investment that suits you the best. For example, if you are a person who looks at liquidity, the best option would be to buy the gold ETFs. This is because they are very liquid and can be sold as and when you desire money. Do not forget gold investment in Sovereign gold bonds as well. The government offers you an interest on the same, however, you tend to lose money on the melting charges and there are quite a few hassles that are involved. If you are looking to buy the more traditional investments like gold coins and biscuits, do check for the purity before buying into the same. These days it is very much possible to get hallmarked gold in India. So, it is better to buy 22 k 916 hallmarked gold in India, before you look at any other options.

Buying 916 Hallmarked

Gold rates in Pune today depend on a host of factors, including currency movement and international prices of gold. If you are looking to buy gold, the best thing would be to buy hallmarked gold. The one advantage of buying hallmarked gold is that you can be rest assured on the purity of the gold. There are various hallmarking centres, which are also called essaying centres, which do the needful, as far as checking for purity and hallmarking the gold is concerned. However, it is not the purity only that you shoulc consider. Also, look at gold prices. If you feel that prices are high, we suggest that you buy in small quantities. This way you woud average the cost of gold.

Where to sell your gold jewellery in Pune?

This is always a tricky question to answer. If you thought that you would walk into any jewellery shop and sell your gold, you are making a big mistake. Remember that gold shops in the city charge you melting charges, which they consider as costs including the weightage. This could easily range from 4 to 6 per cent. Now, another thing that you should remember is that making charges constitute about 6-7 per cent of the cost of jewellery. So, you tend to lose as much as that amount if you destroy you melt your gold and other gold ornaments. So, instead of losing a lot of money on all these things, it is a better idea to sell your gold jewellery at a reputed shop. This way you would be ensured that you would get a decent sum for your precious ornaments. However, it is highly possible that all shops in the city may not buy the gold. So, you need to be careful.

Looking to Buy Gold in Pune? Try These Shops

If you are looking to buy gold in Pune, you can do it through a number of shops in the city. Among the oldest and the most reputed is the P N Gadgil Shop at Narayan peth. Then of coures you have Bhambhurdekar saraf and Jewellers at Pimpri, apart from C G Ashtekar near Garware College and Diva Jewelers at Aundh. These shops boast some of the finest collection including bridal jewelery, wedding collection and trendy jewelry. If you are looking for the popular chains that are spread more nationally, you can look at Tanishq showrooms in Pune. However, you should continue to stay focused on buying hallmarked gold jewelry when you are buying gold in Pune. Most of the reputed jewelers in Pune have 916 hallmarked gold. In case you are buying hallmarked gold you should look for the date and stamp of the jeweler and the year on which it was hallmarked.

Things to Do When You Sell Gold in Pune

If you are selling your gold jewellery in Pune, there are many precautions that you need to take. First you need to remember that once you sell your gold jewellery you are not going to get it back. So, be careful and think twice before selling your gold jewellery in Pune. Remember, that there is a PAN card or any identity proof hat you have is needed before you sell the gold. You can receive payment through a host of mechanisms including cheque/NEFT transfer or through cash if the sum if not rather large. Remember that old jewellery may not have the karats stamp and hence you may not get the value for antique jewellery. There maybe precious stones in that, but, how does one tell how precious the gems stones would be.

What to Check Before Buying Gold in Pune?

We strongly recommend that you do your own research before buying gold in Pune. It is a good idea to compare gold prices. Remember, gold is an expensive product today and hence even a small price differential can actually mean a lot.

Apart from this you must look for purity. Since gold these days is hallmarked, there is virtually no issues. Nonetheless, you should do you own research before buying gold. There is a possibility that you could get duped especially if you melt your old jewellery.

Gold Jewellery Schemes in Pune, Maharashtra

If you are an investor who does not like to invest in gold in lumpsum, the best thing to do is go for long term investing in gold. In Pune, there are many jewellers who offer you schemes that help you build a corpus to buy gold later. All you have to do is pay monthly instalments, and build a lumpsum amount for jewellery. There are a number of jewellers where you can pay and invest in the scheme. This includes GRT Jewellers, Kalyan Jewellers and GRT Jewellers. You can start in small amounts like Rs 500 and go upto higher amounts. There is no limit to which you can really go. It all depends on the amount of gold you want to buy. If you want to buy in lakhs you need to place higher amounts.

Are Gold Prices in Pune Heading Higher in 2017?

It is always very difficult to predict, which way gold prices in Pune would move. But, if we have to stick our head-out, then we would say that gold prices in Pune are heading lower. This is because, there are a number of international factors that could put pressure on gold rates in Pune. The first and the most important of these is the US Fed meeting scheduled for next month. It is highly likely that the US Fed would hike interest rates in 2017, which in all probability would push gold prices lower. So, international prices of gold would fal below the current levels of $1225 an ounce, which could also lead to a further fall in gold prices in Pune. Hence, if you are planning to buy gold in Pune, we suggest that you wait for sometime. The onyl way one can make money by buying gold is to buy the same at the right price.

Why Puneites Prefer Gold?

Gold prices have tripled in the last eight years, since the emergence of the US sub prime mortage crisis. If you had to place money in safe bank deposits, back in 2008, at best your money would have doubled today. However, gold has managed to triple in value. Interestingly, analysts say that the precious metal is a good hedge against inflation. However, it has often give more returns then most asset classes, barring of course equity shares. Hence, if you are looking to invest and beat inflation, gold can come in handy. However, we wish to emphasize that gold prices have remained steady in the last three years or so in Pune and hence returns may not have been stupendous. Overall, if you are looking to buy the precious metal returns will come only over a period of time. Hence, you should be a long term investor in the precious metal to benefit from a rally that we would eventually see.

When to Buy Gold?

This is always a tricky question. Most of the time we do not buy gold as an investment. We buy it as a necessity for an event like marriage or for any other function. However, having said that we wish to emphasize that gold as an investment is a good proposition as a diversification measure. Let's explain why?

Say you are an investor and you have invested heavily in stocks. If there is an economic turmoil, stocks will definitely fall and gold rally. So, as a hedge gold is an excellent investment bet. There is no question of timing. Nobody in this world knows what is the right price and right time to buy any precious metal. You can adopt the systematic investment route where you buy small quantities every week.

However, you can track the gold prices in Pune before taking any decision. There are many experts, who are willing to give advise. You can seek the advise if there is a large amount of gold that you wish to buy.

How much gold are you really getting while buying gold jewellery?

Generally, the buyer has to pay for wastage that happens during the making of jewelry and for calculating those charges there will a mechanism of calculation which only the jeweler would know.

You cannot find wastage charges as once you settle on to a piece the wastage charges making charges disappear from the pricing chart, due to which it is not so simple to find out how much gold you are really getting.

But there is a way to simplify and find out how much gold we are getting in hand by the price we are paying, which can be explained by following example?

The first step of finding how much gold you are really getting is to find what is the gold price in Pune today?

Then, if the final price is Rs 27,000 for a 10 gm gold jewelry you have paid Rs 2700 per gram. So as we have checked the actual per gram rate on the day gold rate in Pune today and by calculating how much more you are expected to pay and how much we are paying.

But its important to go for jeweler who sell BIS marked jewellery and who provides bill for the purchase.

What are the Options to Buying Gold in Pune?

You can buy gold in Pune in a number of ways. You can choose and electronic way including the Gold ETFs. Most of the top mutual fund houses in the country offer you these Gold ETF schemes. These include UTI, Motilal Oswal and the like. Please do not buy jewelry as an investment, as you get lesser value.

One important thing that is worth mentioning is that gold prices in Pune have already gone higher. So, in case you are looking to invest, wait for sometime for dips to happen.

In fact, gold rates in Pune have jumped as much as 22 per cent in the last one year. This was after the precious metal had a very boring price movement in the last three years. We advocate buying only on dips.

How is Gold Imported into Pune?

To begin with there are an authorized set of banks that are allowed to import gold into India. As we all know that India does not mine gold. In fact, our neighbour China is the biggest gold mining in the country. We have not mined gold in a long time now. These banks import gold into India and these are then distributed to the jewelers in the form of gold bars. Once this happens the distributors retail the gold to the jewelers in the country. This is the entire process how gold moves from imports to the final consumer. In the midst of all this there are the usual taxes and duties that are applicable and made payable by the various intermediaries who import the gold. Remember, if we have the goods and services taxes in place, Pune may see lesser duties and taxes on gold. Apart from this what is important to also remember that a little bit of rupee depreciation will make gold expensive and Pune. This is because as we mentioned earlier, we do not mine gold but manufacture the same. In any case, it always makes sense to check the gold rates in Pune before you buy either your 22 karats or your 24 karats gold.

How is Gold Taxed?

Does not matter whether you are in Pune or any other city. In India, you have to pay capital gains tax on profit on sale of gold. It is important to note, that the tax liability would depend on whether gold is held for the long term or the short trem.

Apart from this, there is also wealth tax that is applicable on gold. If you own gold valued at more than Rs 30 lakhs, you need to pay  1 per cent as wealth tax on that value.

With gold prices constantly appreciating, the value of the gold held by individuals has also been going up gradually.

In any case one has to remember to pay capital gains tax as well. The tax liability wiuld be the same, whether you buy gold in the electronic form or as gold bars, biscuits and or jewelry.

Checking of Gold Purity in Pune, Maharashtra

It is not difficult to get 916 hallmarked gold rates in Pune today. However, you need to make sure that it is of the highest possible purity. People prefer hallmarked gold, because it is tested and ensures that the composition of metal to gold is accurate. In fact, as we call it 916 hallmarked gold or 22 karats gold. If you are looking to buy the precious metal buy with the same configuration we have mentioned. If you are looking at 24 karats, then the best bet would be to take the gold to the hallmarking centre, where the same is tested for purity. the Bureau of Indian Standards has set up testing centres in the country, where you can figure our if the gold is of the same purity that a 22 karats gold and 24 karats gold needs to command. We wish that there were many testing centres set-up to check the purity of gold, which is not the case these days. In fcat, the smaller towns and villages do not have access to these testing centres.

How to Know the Difference Between 22k and 24k gold?

There is a big difference between 22k and 24k gold. The biggest difference is that 24 k is considered as the purest form of the metal. It cannnot get purer then this. It is generally considered as 99.6 per cent pure gold. On the other hand, 22 karats gold is not the purest form of gold. Alloy is always mixed to this gold, simply because we need to make gold ornaments strong. On its own, gold is very brittle, and can easily snap. Mainly we have copper being added to gold, but, nickle can also be added to gold to make it strong. This type of addition of nickle is generally found in white gold.

There are alsovarious others forms of gold including the 18 karat gold. However, this is not the purest form of gold and has pure gold to the tune of only 18 per cent.

2017 Outlook is Grim for Gold Prices

Without an iota of doubt, gold has given fantastic returns to investors in 2016. It is difficult to see that trend continuing in 2017. What we believe is that at best gold prices would hover around the same levels of Rs 28,000 to Rs 30,000 in the city of Pune. However, the precious metal would remain volatile and much would largely depend on prices prevailing in the international markets. We believe that gold prices are heading slightly lower in 2017, as interest rates across the globe would move higher. There are various other international developments that also tend to affect gold prices in India. These include currency fluctuations as welll. However, if you are having a more long-term perspective, gold prices in Pune may not be a bad bet.

Why You Must Buy Gold?

Let us say that you have invested, all your money in shares. If the stock markets fall, you will lose heavily. Normally, when equity markets fall, gold tends to gain. A classic example, is the Lehman Brothers crisis in 2008 after which gold prices rallied heavily.  This is because investors sold heavily in shares and bough gold, as the precious metal is considered a safe haven investment in times of crisis.

So, it always pays to invest in gold, as a measure of diversification. It is a good strategy and in the long term, gold has always given decent returns. In fact, if you are looking to buy gold in Pune, do so on declines. Chances are bright that you will make money on declines.

Some say that gold like shares does not give dividend and hence is a dead investment. Biut, gold is important hedge against other asset classes. In fact, even debt has not been able t give returns like gold.

Today, we have a plethora of options to consider, to buy gold in India. These include gold bonds, gold sovereign bonds and also gold etfs.

Each of these come with unqiue features and track gold prices. Initially, you may need some professional help, if you are planning to invest big in gold.

Which is the right place to invest equities or commodities in Pune?

Equity is a market where there will be some companies such as Insurance companies, Banks, Software companies, etc. which are having public shares which you can buy invest hold. Before few years this process used to be done on paper where you need to make agreements trade in the share market. Now things have become very easy where by doing few clicks on your smart phone you can trade.

The commodity is a market where you will be buying materialized things such as metal, Gas or any other for these the profits depends on distinct things such as dollar rate and international prices. Production and consumption percentages.

By trading in the equities market, one can expect stock appreciation, dividends, etc. whereas when it comes to the commodity market, we cannot expect such things the only profit to be expected if you have gold in your portfolio. The only thing you can expect is to gold rates in Delhi to increase. Commodities are traded on Futures market of commodity exchange in India. Mostly mutual funds companies, insurance companies, etc. invest in the commodities a lot. As the commodities will be a great option for long term investment.

For the Investors, it is advised that if you are planning for long term investment it is better to go for commodities and for the short term equities will help.

On What Does Gold Prices in Pune Depend?

Gold prices in Pune depend on a host of things. Many individuals believe that gold prices move-up during the festival season in the city of Mumbai. That is not true though. Gold prices move higher or lower, based on various factors, particularly international developments. It is only when international prices of gold go higher, do the prices of gold in the city of Pune go a higher. International gold prices depend on a host of things including interest rate movements in the United States, the US dollar movement, India's own rupee movement against the dollar and also the local taxes that maybe applicable for gold from time to time.

Nobody these days can predict the price of gold. In fact, it is extremely tricky and as we have mentioned, depends on a host of factors. However, it is a good idea to check the prices of gold, before you make your way to the jeweler shop in the city of Pune.

Try Gold ETFs Too

It is important to buy gold and have at least a part of your investment  in the precious metal. In fact, we advocate you do not buy large quantities of gold, simply because as an asset class, gold is not the very best. Returns are more calibrated and in fact, in recent years the returns has come only after the US sub prime mortgage crisis.

If you want to buy gold, the best thing woud be to buy in small quantities and that too ETFS. These instruments are very liquid and can be sold easily. However, we advocate that you only place a part of your money in instruments like Gold and gold ETFs. This is after you have invested your money in various financial instruments, which are a much better proposition that gold and should be your first priority.

Keep an Eye on Interest Rates for Gold Rate Movement

One of the biggest factors that affects gold prices in India, is the interest rate movement. For example, gold prices in the international markets would fall, if interest rates in the US move higher. On the other hand, when interest rates fall, gold prices tend to move higher. This is why interest rates tend to affect gold prices in Pune particularly and also India as well. So if you are looking to buy gold, it is best to keep an eye on interest rates. Also, do not forget to also take a look at the currency movement, which also impacts gold rates in Maharashtra. The rupee's decline in recent weeks has had an impact and has made gold costlier in India, as compared to where it was a year ago.  Do keep in mind these important factors before buying gold in India. There are bright chances that gold could be headed lower in 2017. Demand for the precious metal has also not been too great. In fact, there has been a gradual decline in the demand for gold in recent months.

How Gold Trades in the Futures Market?

There are two ways in which you can trade gold. The first is in the futures markets and the second is in the spot market. In the futures market, you can settle your position at a later date, while in the spot market you need to do the same immediately. Let us give this with an examle. Say you buy 10 grams gold in the futures market for February delivery. You can settle the contract anytime before the expiry of the February contract. After buying, if you make a loss, it would be shown as a notional loss or profit as the sase maybe, until you square-off your trade. The gold spot market is very different in the sense, you take immediate delivery of the product. You have to make payment for the entire delivery of gold. In the futures market, there is a margin that you need to take and make payment accordingly. For example, on the MCX the margins are around 10-15 for trading in gold. So, you do not have to pay the entire amount. However, it is important to remember that the risk is far higher in the gold futures market because the exposure is higher. 

Can you Actually Get Gold Cheaper in Pune?

Gold rates in the city of Pune are fixed and you do not get gold cheaper within the city. What may differ is the making charges which gold jewellers often charge. This again varies and depends from jeweller to jeweller. Often it so happens that individuals tend to believe that there are difference in the rates. The local bullion association tends to fix the price and that does not change. So, if you believe that the gold rates would change from jeweller to jeweller you are making a big mistake. What you need to do is compare the charges before taking a decision on buying or selling.

Outlook for gold in Pune in 2017

Gold in Pune in 2017, may end-up giving rather decent returns, maybe almost on similar lines that we have seen in 2017. In fact, the demand for both 22 karats and 24 karats gold during the course of the year has been pretty decent. If you are looking to invest in gold in Pune, you can play it for the very ,ong tem. In fact, gold has always known to give prettty decent returns when it comes to holding with a time frame of 10 years and above. In the short term, the chances of any gains is always limited. This is true especially for the precious metal, which has always moved very slowly, sometimes testing the patience of investors. Hence, you need to take a view of at least 10 years and not be impatient when it comes to gold. Even from a mediu term making gains is very difficult. However, instead of buying aggressively you can adopt a strategy of buying and holding. Remember, if you are buying into coins, the better option would be to buy them instead of the ore traditional jewellery, as these do not involve making charges.

Understand the fineness of gold in Pune?

Of gold, the finest form of gold is 24 karats. For strength and durability, it is alloyed with other metal and become various karats of gold such as 22k, 18k, 14k and ten karats and nine karats. The other metals which are used in the alloying process with gold are silver, copper, and zinc. In the making of white gold, palladium is mixed. We will provide you with which metal is mixed with which to form how many karats.

Normally no one prefers gold bars or coins of 22 karats or less. Only jewelry will be of 22 karats and less. So in Making of 22 karats gold. This precious metal is alloyed with three metals silver, copper and zinc the percentages will be gold will be used to 91.70 percent and remaining will be silver 5 percent, copper 2 percent, and zinc 1.30 per cent. This type of jewelry is also called as 916 gold jewelry.

A little less gold used jewelry are 18 karats gold jewelry. Gold is alloyed with silver and copper. 18 karats gold jewelry alloying percentages are 75 percent of gold with 15 percent silver and 10 percent copper.

When it comes to 14 karats, gold is alloyed with silver and copper. 30 percent silver and 11.70 percent copper are alloyed with 58.30 percent of gold in making of 14 karats gold ornaments.

 

Latest Updates on Pune Gold Rates

Gold in Pune to trade below Rs 28,000.

Gold in Pune is set to trade below the Rs 28,000 mark after almost ten days. If we see from the past few days, gold in Pune was trading at Rs 28,000, and at some point, gold rates in Pune crossed Rs 28,500 mark as well. Internationally, gold was trading at safe levels due to the political turmoil and other factors. These factors pushed the Dollar down and the gold rates up. The war-like situation between North Korea seems to rise again, and if that happens, the gold price in Pune will cross Rs 28,000 again.

Long term investors planning to invest in gold is advised not to invest in now. If the uncertainties come to an end, then the price of gold may go down, and there are chances that the investor may end up in losses. The stocks as of now are down comparatively it is advised to go for the stocks than going for the gold now.

21 August 2017
Gold in Pune continues to rise

Gold rates in Pune continued to move up as Gold edged up in theiInternational markets. This was after the Fed Minutes released, which also saw the Dollar continuing to trade lower. In the Fed minutes of the Federal Reserve's July meeting indicated that there would be a delay in further interest rate hikes. Spot gold rose up by 0.4 per cent and was trading around $1,287 per ounce. Gold Futures in the US for December delivery moved up by 0.8 per cent and was trading around $1,293 per ounce. This was higher than the price in Pune city that we seen on Thursday.

Gold price in Pune was trading at high levels from the past few days due to various reasons such as North Korea tension. All these pressurized the Dollar and a fall in the Dollar was pushing gold rates in Pune higher. The rates as of now are around Rs 28,200 and may cross Rs 28,500 today.

17 August 2017
Gold in Pune rises

Gold price in Pune to see some gains today as the gold in the global markets rose up. The fall in the Asian Markets and the Dollar supported gold and Spot gold had advanced by 0.2 per cent and this up took the gold price in global markets to trade at $1,259.43 per ounce. Investors in Pune may look towards gold as the stocks are going down from the starting of this month. We have seen that the month of July was downright bullish but where as this month of seems to be bearish. As of now, Sensex fell today by nearly two fifty points, and Nifty went below ten thousand mark. This fall in the markets may push the investors to look towards gold. It is advised to the investors to hold on to the money as the gold price already trading at high levels and it is not a good price to invest in.

8 August 2017
Gold in Pune continue gains

Gold price in Pune was on a rally this week. This upward momentum seems to continue today as well. This momentum in the gold prices is due to the fall in the Dollar against the major currencies. The dollar fell due to the political uncertainties and also the Fed meet outcome affected as well. Now the Dollar is trading below a thirteen month low. The Dollar dropped 0.38 per cent against a basket of major currencies and this fall is supporting the gold, and the Spot gold climbed 0.2 per cent and was trading around $1,260 per ounce.

The movement in the gold price in the International Markets helped gold in Pune to move up as well. 22 karats gold price in Pune is now at Rs 27,840, and 24 karats gold prices are also trading at good levels. Investors in Pune who are having gold bonds in their portfolio was planning to sell it. But it is advised to hold on until the Obama Healthcare vote concludes today.

28 July 2017
Steady gold prices in Pune

Due to the fading expectations of an increase in the interest rate by the Federal Reserve in today's meeting. This has shown some effect on not only gold but also other metals. In the Global Markets, Spot gold was almost firm at and traded at $1,255 per ounce. Silver prices rose by 0.2 per cent and were trading at $16.48 per ounce. Platinum grew up to 0.8 per cent to $933.10 per ounce. Palladium moved up by 0.8 per cent to $855 per ounce.

This can be seen on the MCX as well where gold is up by 0.15 per cent and was trading at Rs 28,559 per 10 grams. Silver is up by 0.21 per cent and was trading at Rs 38,165. Gold price for 22 karats in Pune was trading nearly at Rs 27,900 and for 24 karats was trading at Rs 30,450. It seems the gold price in Pune may cross Rs 28,000 mark and for the 24 karats, the price of gold may cross Rs 30,500.

25 July 2017
Gold moves down in Pune

In the International markets excluding the Palladium, all the other precious metals in the International Markets are down. Spot gold was trading flat and was trading around $1,245 per ounce. Silver slipped by 0.1 per cent and was trading around $16.28 per ounce. Platinum dropped 0.4 per cent and was trading at $922.49 per ounce. Palladium climbed 0.4 per cent and was trading at $845.65 an ounce.

This change has some effect on the MCX as well where Gold is slightly down by 0.04 per cent and was trading at Rs 28,319. Silver was down by 0.16 per cent and was trading at Rs 37,822. The change in the Global Markets always had an effect on the gold price in the Pune as well. We know that the gold price movement in Pune is proportional to the International gold price movement. As of now, 22 karats gold rate in Pune is trading at Rs 27,750, and it seems to trade a little lower today.

21 July 2017
Gold rates flat in Pune

Gold rates in the global markets were trading up due to the uncertainty such as the fading expectations over the US Fed hike in this year and problems in the U.S. healthcare reforms. Spot gold was almost flat around $1,241 per ounce. This can be seen on the US futures market as well as on the MCX, U.S. gold futures for August delivery down by 0.1 per cent and was trading around $1,240.90 per ounce. On MCX Gold price fell by 0.24 per cent and was trading at Rs 28,186 per 10 grams.

In Pune, jewellers who keep a close eye on the International Markets as well the gold price in Pune are continuing their bets on the stocks than investing in the metals as the market is trading at safe levels as of now. These investors always keep some gold in their portfolio to save themselves from economic breakdowns.

19 July 2017
Gold price in Pune to trade low

Gold price in Pune to trade low. As The U.S. dollar rose to a two-month high and global equity markets rallied. U.S. Federal Reserve Chair Janet Yellen will address Congress and traders are expecting some clues about the increase in the Fed interest rate. Gold is highly sensitive to rising rates because they push up bond yields. Higher dollar lowers the value of the shining metal. In the International Markets, Spot gold slipped by 0.2 percent and is trading around $1,211 per ounce.

The fall in the gold prices Internationally has pressurized the gold price in Pune as well where 22 karats gold price in Pune was trading at Rs 27,650 per 10 grams may touch Rs 27,500 mark today, and the 24 karats may trade below Rs 30,000. Traders expecting for the gold rates in Pune trade at higher levels may need to hang on for a long or hope Yellen give clues in their favor during the testimony of the semi-annual report on monetary policy and the economy of the U.S. central bank.

11 July 2017
Gold rates in Pune slightly up

Gold prices in Pune were slightly up, as there was some uptick in gold prices internationally. In the globalmarkets, precious metals are trading steady ahead of a speech by Chair of the Board of Governors of the Federal Reserve System, Janet Yellen. Almost all precious metals are trading on gains where Spot gold went up by 0.1 per cent and is trading around $1,244 per ounce. Silver moves up by 0.2 per cent to $16.58 per ounce. Palladium climbed by 0.1 per cent and is trading around $866 per ounce. Platinum inched up 0.3 per cent and is trading around $915 per ounce.

This has shown some effect on the MCX as well where Gold is up by Rs 89 and is trading at Rs 28,599. Silver is up by Rs 111 and is trading at Rs 38,415. Traders waiting for an increase in gold may take this as a positive sign. But as of now, the movement of gold rates in Pune is dependent on the Janet Yellen speech in the discussion on global economic issues at London's Royal Academy.

27 June 2017
Gold Prices in Pune stay flat

Gold prices in Pune remain unmoved, as there is no change in the prices of gold in Pune this weekend. Due to the fall in the prices, there are chances the people waiting for the decline in gold prices may plan to buy now. Strong Dollar has pushed the gold prices in Pune lower. Internationally, spot gold went up by 0.08 percent to $1,254 per ounce. U.S. gold futures for August delivery are at $1,256.50. There is almost no change in the 916 gold price in Pune today. Gold prices in Pune is trading at Rs 28,090. There is no movement in 24 karats gold prices in Pune as well.

 On MCX, Gold and Silver both the were trading down. Gold is down by Rs 78 and was trading at 28,690 and Silver is down by Rs 240 and was trading at 38,481. Price at Rs 28,000 or below Rs 28,000 mark is a good price to buy gold in Pune. Investors who were waiting to buy Gold on declines, this may be the opportunity for them to buy the precious metal.

17 June 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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