Gold Rate in Solapur (4th February 2023)

Feb 4, 2023

5,310 /Gram(22ct) -50

Solapur in Maharashtra has always seen gold demand rising over the years. In fact, the purest form of gold, which is 24 karats also has buyers in the city. There is a high possibility that we would continue to see prices move higher in the coming months. A demand rise in the city could be good for prices to move higher.

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

Gram	22K Today	22K Yesterday	Price Change
1 gram	5,310	5,360	-50
8 gram	42,480	42,880	-400
10 gram	53,100	53,600	-500
100 gram	5,31,000	5,36,000	-5,000

Check silver rate in Solapur

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

Gram	24K Today	24K Yesterday	Price Change
1 gram	5,793	5,847	-54
8 gram	46,344	46,776	-432
10 gram	57,930	58,470	-540
100 gram	5,79,300	5,84,700	-5,400

* 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 Solapur for Last 10 Days (10 g)

Date	22K	24K
Feb 3, 2023	53,100 ( -500 )	57,930 ( -540 )
Feb 2, 2023	53,600 ( 600 )	58,470 ( 650 )
Feb 1, 2023	53,000 ( 500 )	57,820 ( 550 )
Jan 31, 2023	52,500 ( -150 )	57,270 ( -170 )
Jan 30, 2023	52,650 ( 0 )	57,440 ( 0 )
Jan 29, 2023	52,650 ( 0 )	57,440 ( 0 )
Jan 28, 2023	52,650 ( 150 )	57,440 ( 170 )
Jan 27, 2023	52,500 ( -600 )	57,270 ( -660 )
Jan 26, 2023	53,100 ( 400 )	57,930 ( 440 )
Jan 25, 2023	52,700 ( 0 )	57,490 ( 0 )

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

Term	22K	24K
10 Days	52,845	57,650
20 Days	52,538	57,322
30 Days	52,164	56,910
60 Days	51,089	55,736
90 Days	50,204	54,771
180 Days	48,539	52,953
1 Year	47,983	52,346
2 Years	47,037	49,793
3 Years	47,010	49,180
4 Years	44,317	46,263
5 Years	41,810	43,768
6 Years	39,785	41,828
7 Years	38,472	40,502

Weekly & Monthly Graph of Gold Price in Solapur

Historical Price of Gold Rate in Solapur

Gold Price Movement in Solapur, January 2023

Gold Rates	22K	24K
1 ^st January rate	50,600	55,200
31^st January rate	52,500	57,270
Highest rate in January	53,100 on January 26	57,930 on January 26
Lowest rate in January	50,450 on January 2	55,040 on January 2
Over all performance	Rising	Rising
% Change	+3.75%	+3.75%

Gold Price Movement in Solapur, December 2022

Gold Price Movement in Solapur, November 2022

Gold Price Movement in Solapur, October 2022

Gold Price Movement in Solapur, September 2022

Gold Price Movement in Solapur, August 2022

Gold Price Movement in Solapur, July 2022

Gold Rates	22K	24K
1 ^st December rate	48,750	53,180
31^st December rate	50,600	55,200
Highest rate in December	50,600 on December 15	55,200 on December 15
Lowest rate in December	48,750 on December 1	53,180 on December 1
Over all performance	Rising	Rising
% Change	+3.79%	+3.80%

Gold Rates	22K	24K
1 ^st November rate	48,500	52,920
30^th November rate	48,550	52,970
Highest rate in November	48,750 on November 11	53,180 on November 11
Lowest rate in November	46,100 on November 4	50,290 on November 4
Over all performance	Rising	Rising
% Change	+0.10%	+0.09%

Gold Rates	22K	24K
1 ^st October rate	46,500	50,730
31^st October rate	46,600	50,840
Highest rate in October	47,850 on October 6	52,200 on October 6
Lowest rate in October	46,200 on October 15	50,400 on October 15
Over all performance	Rising	Rising
% Change	+0.22%	+0.22%

Gold Rates	22K	24K
1 ^st September rate	46,500	50,730
30^th September rate	46,650	50,900
Highest rate in September	46,900 on September 5	51,160 on September 5
Lowest rate in September	45,800 on September 16	49,960 on September 16
Over all performance	Rising	Rising
% Change	+0.32%	+0.34%

Gold Rates	22K	24K
1 ^st August rate	47,100	51,380
31^st August rate	47,000	51,270
Highest rate in August	48,150 on August 13	52,530 on August 13
Lowest rate in August	47,000 on August 23	51,230 on August 23
Over all performance	Falling	Falling
% Change	-0.21%	-0.21%

Gold Rates	22K	24K
1 ^st July rate	47,850	52,200
31^st July rate	47,200	51,490
Highest rate in July	48,100 on July 5	52,470 on July 5
Lowest rate in July	46,000 on July 21	50,180 on July 21
Over all performance	Falling	Falling
% Change	-1.36%	-1.36%

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What do gold buyers in Solapur prefer?

Gold trends in the city of Solapur in Maharashtra prefer investing in small gold jewellery items rather than in gold coins, gold bars and biscuits. The disadvantage for investors in Solapur when considering this is that gold jewellery would come at an even more expensive rate given the fact that making charges would be included in the price of the gold jewellery. This means that when you sell gold jewellery in Solapur, you would not receive the making charges, which means you have lost a lot of money. Therefore, what we advocate is that if you are going for pure gold, it would be better to buy gold coins and biscuits and if you are going for 22 karats gold in Solapur, than it would be option to consider buying into gold coins. Remember making charges can be very high and hence what we would suggest avoiding gold jewellery, if you are an investor.

Solapur sees an upward trend for gold

Solapur has been constantly seeing an upward trend in prices over the last few years. However, prices have declined post the covid era as investors have now flocked to equities, abandoning the purchases of gold. However, gold rates in Solapur, like other cities in India have managed to hold, thanks to the rupee, which has fallen substantially from the current levels. Apart from this, investors have also been looking to alternate forms of investment. Gold prices in Solapur largely take cues from prices of other bigger cities in Maharashtra like Pune and Mumbai. Almost, all of the cities in the state have been seeing a firm trend. Apart from this, global prices have been declining, but, the falling rupee has thus far helped to support gold prices. Those who are looking to invest in gold, should note that it barely gives returns in the short run.

How many times do 22 karats and 24 karats gold rates change in Solapur?

22K gold also called 916 purity gold in Solapur has seen good demand. Gold rates for both 22k and 24k change around 2-3 times in Solapur. If you visit the showrooms early, they would reflect the previous day's prices. It's hard to pinpoint the exact time of change of prices, but, by and large they change around 11 am to 12 noon and again later during the course of the day. Today's Gold prices in Solapur depend on a host of things including international prices and currency movements. Solapur being very close to the city of Pune, gold rates are not very different in both the cities. If you are buying a larger quantity of gold, it would be better to check the prices before going out to buy.

How to check 1 gram purity of gold in Solapur?

Solapur has numerous popular gold jewellery shops, where you are assured of high quality gold jewellery. However, at times buyers maybe a little skeptical as well on the quality of gold jewellery that is being sold. At such times, the best way t check for pure gold in Solapur would be to buy gold which is hall marked. In fact, when you see hallmarked gold, you would automatically know and be rest assured on the purity. In the city of Solapur in Maharashtra, there are a number of popular gold jewellery shops that sell you hall marked gold. This makes it easier for investors to buy into the precious metal without any fear. Even for 24 karats for 1 gram, one must be assured of the purity, though these normally come as gold coins and gold bars. The best thing to do would be to visit the jewellery showrooms in Solapur, who also offer the ability to check gold.

Which are the popular gold jewellery shops in Solapur?

There are many popular shops in Solapur where you can buy gold jewellery. Among the more famous ones among the locals in the city is PN Gadgil and Sons, Waman Hari Pethe and Shingavi Jewellers. Apart from this, we have the bigger chains like Malabar Gold and Diamond and Tanishq, which have their showrooms in the city. Solapur being close to Pune in Maharashtra, the rates do not differ. However, buyers should check with the different showrooms within Solapur and buy at the best possible gold prices. We have often noted that in Solapur, there tends to be a difference in gold prices and hence if you are a buyer, make sure you get it at the most competitive rates. On the other hand a seller in the city of Solapur, should look for gold prices that are the highest in order for him to go ahead and sell at the best prices.

Why you must always check for making charges of Gold jewellery in Solapur?

One of the factors that can have a bearing on the cost of jewellery is making charges. Our belief is that in some cases they can go very high as a percentage of the total cost of jewellery. It is hard to pinpoint what would be the exact cost of making charges, but, it could range from 5% to 25%. To be precise, making charges really depend on the type of jewellery. For example, the more intricate the design, the chances are that higher making charges would be applicable on the same. Therefore, if you are buying 916 gold jewellery in Solapur, it would be advisable to first check the making charges. Some jewellers might reduce the making charges, which should help bring down the cost of gold jewellery. It is important that you bargain with the goldsmith and arrive at the best cost for the jewellery.

Historical gold rates in Solapur for 22k for 1 gram

Solapur has seen gold rates move in a range of Rs 4700 per gram of 22 karats to Rs 5010 for 22 karats. As for 24 karats the rate per gram in Solapur has been closer to Rs 5400 per gram. Historical rates for the last 1-year have been between Rs 4500 per gram to Rs 5010 per gram. The fall hat we saw to levels of Rs 4500 were largely on account of the fact that there was large scale anticipation of interest rate hikes by the US Federal Reserve, which led to fall in global prices and hence fall in rates in Solapur as well. However, looking to historical gold rates is not the best way, ahead of a decision to buy the precious metal. What you should be looking for is a long-term holding period, which generally results in good upward gains for gold.

Where to sell gold in Solapur?

There are numerous places in Solapur where you can sell gold. There could be some specialized centres, which deal in sale of gold only. Most jewellers also engage in buying gold, but, then the most important think to see here is the prices that you get. The ideal thing to do here is to ensure that you check with a number of jewellers so that you get the best rates possible. This is a trend that we have noticed especially in the smaller towns and cities, where it is impossible to get uniform gold rates. In such cases the best thing for investor to do would be the keep enquiring with all those who are buying gold, so as to ensure that you get the best possible rates in the city of Solapur. A number of companies that now deal only in buying gold only and charge a small rate for the same.

What are the various options for gold investment in Solapur?

Investors of gold in Solapur have a lot of options. To begin with leave aside the traditional physical gold investments and let's talk of the Sovereign Gold Bond Scheme. This bond is a government securities denominated in grams of gold, which makes it certainly attractive for investors in Solapur. They are substitutes for holding physical gold, but, interestingly, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. When the bond matures, The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. In short, the bonds track gold prices, are safe since they are in electronic form and one receives interest rates on the same. Minimum investment in the Sovereign Gold Bond Scheme is one gram with a maximum limit of subscription of 4 kg for individuals

Will gold prices in Solapur rally in 2023?

Anybody trying to predict a more or less accurate trend in silver rates in Solapur is trying to play smart. This is simply because today's gold rates in Solapur are an outcome of global prices, which in turn are dependent on so many factors, that are either unrelated or related to each other. The best thing to do today when you are buying 916 hallmarked gold in Solapur is to average the cost, if you are unsure, which direction gold rates would move. Let us cite an example. Let us say that 1 grams Gold in Solapur costed Rs 5100 for 22k and you bought 1gram only considering that prices were higher. The next month as prices falling you could perhaps buy 10 grams gold at a lower costs, thud reducing your overall average price. Over a period of time, as prices rally you would have noticed that you have bought it at much lower rates.

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.