Gold Rate in Guwahati

Gold Rate in Guwahati today (27-01-2020) is ₹0

Today Gold Rate In Guwahati

Gold rate in Guwahati provides the clear trend status about the gold price changes of the year. The reason for the rise of gold price in Guwahati is the demand on the gold jewelries. Most of the demand comes from the jewelries only and a few from gold biscuits & gold coins.

With Guwahati, jewellers deal in traditional and modern jewellery in gold, platinum, diamonds and other precious stones. The demand for buying gold from Guwahati is evident. One can predict a bright investment future on gold. Lets have a glance on recent gold rates in Guwahati (24 carats, 22 carats, 916 KDM, Hallmarked).

22 Carat and 916 KDM Gold Rate in Guwahati Today

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24 Carat Gold Rate in Guwahati Today

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18 Carat Gold Rate in Guwahati Today

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Gold Rate in Guwahati Weekly and Daily Graph

Historical price of monthly highest and lowest price in Guwahati

Difference Between 22 Carat Gold Rate and 24 Carat Gold Rate In Guwahati Today

Before understanding the difference between 22 karats and 24 karats gold, one needs to understand what is karats. Karats is nothing but is purity of gold. When we say 24 karats gold, it is of the highest possible purity. Whereas 22 karats gold would imply lesser purity and is useful to make jewelry because, 22 karat does not break, while 24 karats break rather easily.

Many products such as ornaments and jewelries are derived from gold and they differ with the purity of gold. Karat was introduced to measure the purity and fineness of gold. The most common are 24K and 22K followed by 18K and other lower karats. Where lower karats lead to skin irritation.

Should you buy 22 karats or 24 karats?

In fact, all gold jewelery is made of 22 karats gold. If you want to buy 24 karats gold, the best option is to buy gold biscuits and gold bars. This would be gold in its purest form. Apart from this, there is no much difference, except in terms of purity. Gold can also be lower than 18 karats.

Difference between 916 KDM and Hallmark Gold in Guwahati

KDM means the ornament is soldered with Cadmium. It usually has a low melting point (321 degrees Celsius). Cadmium contains toxic fumes, which is bad for human skin. Hence many countries have banned the use of Cadmium. Standard gold of 24 Karats (99.9% pure gold) 916 KDM and 22 Karats 916 KDM, in which cadmium is soldered (91.6% pure gold). Hallmark is a sign of purity. The hallmarking system used for gold in Guwahati for certify the purity of the metal by Bureau of Indian Standards. If a gold is hallmarked that assures the quality and standard. From various countries across many decades hallmark is acting as a safeguard for purchasers of gold and gold articles.

Hall-Marking centres in Guwahati for checking gold purity

Only 30% gold sold is hallmarked, ensure that you buy only hallmarked gold in Guwahati. The hallmarking of gold in Guwahati is executed by 21 BIS hallmarking centres and one-third of them are in T Nagar. Thus, T Nagar is synonymous for gold shopping in Guwahati.

Today Gold Rate Per Gram in Guwahati (INR)

How is todays Gold Price in Guwahati determined?

In Guwahati Gold is purchased not just for personal celebrations, but also for events like Akshaya Tritiya, Festivals. If there are lots of discounts, slashed rates, exciting offers and more to attract the customers. Let us see the elements that determine the gold prices of 14 Karats, 18 Karats, 22 Karats, 24 Karats, 916 KDM and Hallmark Gold in Guwahati.

Coming to the factors that determine the Today Gold rate in Guwahati are Interest Rates, Demand, Local taxes, Transportation taxes, State taxes, Government policies and additional costs incurred by jewelries in Guwahati.

Interest rates: One big factor is the interest rates. When interest rates in developed countries rise, investors sell gold and buying fixed yielding instruments. This affects the daily gold rates in Guwahati.

Demand: As widely known anything that has lower demand will see a fall in prices and anything that has good demand will see a rise in prices.

Government policies: Gold prices go higher when the government policies are not favourable for the precious metal. For example, when the government imposes duties and tariffs it leads to a fall in prices and this is very simple. The government recently added to the Goods and Services Tax, which has altered the gold prices in Guwahati.

GST Impact on Gold Price in Guwahati

The government recently added to the Goods and Services Tax, which has altered the Gold Prices in Guwahati. Since it has been the talk of town, regarding GST will have on the Indian economy in the future.

The GST council finalised the tax rates at 0%, 5%, 12%, 18% and 28% for various goods and services, and almost 50% of goods & services comes under 18% tax rate.

Due to GST, the Gold Rate in India has become slightly expensive at 3% GST on gold and 5% of making charges is applied post GST, which was 2% in most of the states pre GST. All these have their impact on Gold prices today in India as well as in Guwahati.

Be aware of the Gold Prices charges:

Calculation of 24 Karat Gold Rate and 22 Karat Gold Rate Per Gram

Leading Jewelers or local jewelers always quote a higher price by the karat. Assume the prevailing Gold Rate Today in India as 4000 per gm for 24 Karat. So for example, if you are buying a 22K gold ring the price per gm you must pay is 22K/24K*4000 = 3,666. But they always charge you higher about 5 to 8 % as most customers don’t question and don’t exactly know how it must be calculated. So the jewellers makes profit on the prevailing gold rate.

Top Gold Jewellery showrooms to buy gold in Guwahati

The favorite jewelry brands are present in Guwahati. A few of them are listed here, G R Thanga Maligai, Prince Jewellery, Saravana Stores Thanga Nagai Maligai, Bapalal & Co. Jewelry, Lalitha Jewellery, Joyalukkas, Kalyan Jewellers, Khazana Jewellery, Vummidi Bangaru Srihari Sons, Mehta Jewellery, NAC Jewellers, Nathella Sampathu Chetty Jewellery, Jeyachandran Gold House and so on.

Some Interesting Facts About Gold

Throughout history gold has been seen as a symbol of wealth. Gold is the most popular precious metal for investments.

Check out these amazing gold facts, uses and properties.

1. The number one consumer of gold in the world is China, accounts for 30% of global jewelry demand.

2. Second largest consumer of gold in the world is India. Indians buy a large portion of gold for 10,000 traditional Indian weddings held every year.

3. Indian housewives hold 11% of the World's Gold. That is more than the reserves of the U.S., IMF, Switzerland and Germany put together.

4. Only 30% of gold sold in India is hallmarked.

5. Jewelers Association in the city decides the gold rate and Guwahati is no exception. Based on the daily gold rate calculated by the Indian Bullion and Jewellers Association (IBJA).

6. In 2014, Dubai launched a program that pays children 2 grams of gold for every kilogram (2.2 pounds) of weight they lose.

7. The most valuable legal tender coin in the world is 99.99% pure gold, it weighs 1,000 kg and it is worth almost US$45 million.

8. The world's most expensive iPhone 5 was worth US$15 million. It was made of 135 grams of 24-carat gold and the chassis was inlaid with 600 white diamonds.

9. Injectable gold has been proven to help reduce pain and swelling in patients suffering from tuberculosis and rheumatoid arthritis.

Carat or Karat which is Correct ?

Difference Between Karat and Carat

Mostly the two words ‘Carat’ and ‘Karat’ are confused to be the same. First I would like to clarify the difference between ‘Carat’ and ‘Karat’.

Karat- It is a unit to measure the purity of gold. Where 24 Karat or 24k is purest form of gold. Carat- It is used to measure weight of gem or precious stones. It is a unit of mass where one carat is equal to 200 mg (1 carat = 200 milligrams).

Different Types of Gold Karats

Karat stands for measuring the purity of gold. The higher the karatage, the purer the gold is. Here’s a simple guide to understand the difference between 24k, 22k, 18k and 14k Gold.

Difference Between 14 Karat Gold Rate, 18 Karat Gold Rate, 22 Karat Gold Rate and 24 Karat Gold Rate In Guwahati Today.

24 Karats Gold Rate

24 karats gold is considered to be the purest form of gold that anyone can get 24 karats pure gold in the form of Gold Coins, Gold Bars and Gold Biscuits. Because 99.9 % pure gold of 24k gold melts at 1063° C or 1945° F and is soft and pliable to forge into intricated designs as it can break rather easily.

Is 24 Karats Gold a 100 % Pure Substance ?

Pure Gold is highly malleable and pliable at room temperature. In that way, it is too soft to hold its shape or form. 24 karat gold means that 24 of 24 parts of the alloy is gold making it pure gold (24/24 *1000= 1000 ie. 100%). If we say no gold item is made of 100% pure gold, In the literal sense, the answer is yes!

Gold is typically processed only till 99.99% purity. For practical purposes, 99.5% purity and above is considered to be 24K gold and therefore 24 Karats Gold is a ‘pure gold’. The purity of gold is depicted in either karats or fineness.

22 Karats Gold

22 Karat Gold is widely considered to be the finest gold. This 22 karat gold is made up of 91.6% gold and 8.4% alloy, 22 out of 24 parts gold (22/24 *1000= 916 ie. 91.6%). The presence of an impurity in gold imparts like silver, copper, nickel and zinc metal rigidity hold its form so that it can be easily used for making intricate ornamental pieces. In fact, all gold jewelery is made of 22 karats gold which is used in making jewellery.

18 Karat Gold

18 Karat gold has a rich, yellow appearance that most people associate with gold jewelry. This attractive material is usually used for making engagement rings, watches and other wearable jewelry. 18 karat gold is made up of 75% gold and 25% alloy, 18 out of 24 parts gold (18/24 * 1000 = 750 ie. 75%). The additional metals in 18K gold is a good balance of strength and value.

Since 18k gold is almost pure, but there’s very little risk of using this jewelry. If you have a nickel allergy, it cause any skin irritation.

14 Karat Gold

14k gold has a rich color, with the classic gold appearance that most customers look for in rings and other jewelry. About 90% of all engagement and wedding rings are made from 14k gold.

14 karat gold is made up of 58.3% gold and 41.7% alloy, 14 out of 24 parts gold (14/24 * 1000 = 583 ie. 58.3%). 14k gold are significantly more durable than those made with 18k gold. The only real downside of 14k gold is skin irritation. If you have a copper, silver, nickel, zinc, or iron allergy. Because 14k gold has a higher alloy content than 18k gold.

Karat Popularity

Karat desirability varies from region to region. In the US, UK, and other Western countries 14-karat gold is more dominant in the jewelry industry. Meanwhile, 18-karat gold is more popular in Europe and Asia.

How to check your Gold

In India, the marking of karat value is mandatory on each piece of jewellery, called ‘Hallmarking’. The Government of India set up the Bureau of Indian Standards (BIS) to ensure that consumers get what they pay for and so they certify gold coins and jewellery by stamping it (mark on the gold item) to certify the level of purity of the item.

Look for: BIS Logo, Logo of Assaying (Hallmarking), Jewellers' Identification Mark & Number and Purity of Gold

Disclaimer:

Find Me Free’s Gold Prices makes no guarantee or warranty on the accuracy or completeness of the data provided on this site. The information contained here is not intended as investment advice or otherwise. This website represents our views and nothing more than that. Always consult your registered advisor to assist you with your investments. We accept no liability for any loss arising from the use of the data contained on this website. We may or may not hold a position in these securities at any given time and reserve the right to buy and sell as we think fit.

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