Located in the Indian state of Maharashtra, Nashik is an ancient city. It is also a tourist hub considering the numerous vineyards across the city (half of India’s vineyards and wineries are located in Nashik). Other attractions include temples, churches and various pilgrimage sites.
People invest in Gold for many reasons such as investment, ritual, gifting, jewellery, wedding, security against inflation, high resale value, festivities, etc. Gold rates in Nashik are significantly higher during special occasions such as Diwali, Dussehra, Dhanteras, Akshaya Tritiya, etc.
Since Gold is valued all over the world, factors affecting the rate of Gold in Nashik stem internationally. Gold is traded in the international markets, which are influenced by a lot of factors, right from interest rates to the movement of dollar to interest rates. The correlation of Gold and USD is just the opposite- when one of them falls, the other gains and vice versa. This is a major factor which impacts the rate of Gold in Nashik. Additional factors which influence the rate of Gold in Nashik include:
Gold is available in two forms - 22 or 24 Karat. This determines the purity of the metal. 22 Karat implies that the purity is 92%, while 24 Karat Gold comes with 99.9% purity. There are several ways to buy Gold in Nashik, depending on the amount needed.
You should look into the following factors before purchasing Gold in Nashik:
Purity Certification - Ensure that the Gold article is BIS certified. A BIS certified gold jewellery includes BIS logo, Purity/fineness Mark, Assaying and Hallmarking Centre’s Mark, Year of Marking and Jewellers Identification Mark.
Making Charges - This is the cost of molding a Gold article as per the desired design. These expenses are also dependent on factors such as the design of the gold jewellery, gold jewellery brand or jeweller from which you are purchasing gold, etc. It can range from 8% to 25%.
Weight - The price of Gold is directly proportional to its weight. If a Gold article has precious gems and stones, the weight as well as price of Gold will increase.
Invoice - Always purchase Gold with a physical invoice. It will help at the time of exchanging your gold jewellery.
Trend of Gold Rate in Nashik for August 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st August rate | Rs.33,800 | Rs.34,800 |
| 31st August rate | Rs.37,650 | Rs.38,650 |
| Highest rate | Rs.37,950 on August 8 | Rs.38,950 on August 8 |
| Lowest rate | Rs.33,800 on August 1 | Rs.34,800 on August 1 |
| Overall performance | Rising | Rising |
| % change | +11.39% | +11.06% |
Trend of Gold Rate in Nashik for July 2019 (rates per kg)
| Gold Rates | 22 Karat | 24 Karat |
|---|---|---|
| 1st July rate | Rs.33,200 | Rs.34,200 |
| 31st July rate | Rs.34,050 | Rs.35,050 |
| Highest rate | Rs.34,400 on July 19 | Rs.35,400 on July 19 |
| Lowest rate | Rs.32,700 on July 2 | Rs.33,700 on July 2 |
| Overall performance | Rising | Rising |
| % change | +2.56% | +2.49% |
Trend of Gold Rate in Nashik for June 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st June rate | Rs.31,450 | Rs.32,450 |
| 30th June rate | Rs.33,200 | Rs.34,200 |
| Highest rate | Rs. 32,650 on June 25 | Rs.34,650 on June 25 |
| Lowest rate | Rs.31,450 on June 1 | Rs.32,450 on June 1 |
| Overall performance | Rising | Rising |
| % change | +5.56% | +5.39% |
Trend of Gold Rate in Nashik for May 2019 (rates per kg)
| Gold Rates | Gold Rates | 24 Carat |
|---|---|---|
| 1st May rate | Rs.30,700 | Rs.31,850 |
| 31st May rate | Rs.31,000 | Rs.32,000 |
| Highest rate | Rs.31,600 on May 15 | Rs.32,600 on May 15 |
| Lowest rate | Rs.30,600 on May 3 | Rs.31,750 on May 3 |
| Overall performance | Rising | Rising |
| % change | +0.98% | +0.47% |
Trend of Gold Rate in Nashik for April 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st April rate | Rs.31,250 | Rs. 33,250 |
| 30th April rate | Rs.31,400 on April 1 | Rs.32,650 on April 1 |
| Highest rate | Rs.30,800 on April 12 | Rs.31,800 on April 12 |
| Lowest rate | Rs.30,800 on April 12 | Rs.31,800 on April 12 |
| Overall performance | Rising | Falling |
| % change | +0.45% | -1.23% |
Trend of Gold Rate in Nashik for March 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st March rate | Rs.32,750 | Rs.35,026 |
| 31st March rate | Rs.31,100 | Rs.32,640 |
| Highest rate | Rs.32,750 on March 1 | Rs.35,026 on March 1 |
| Lowest rate | Rs.31,100 on March 18 | Rs.32,640 on March 18 |
| Overall performance | Falling | Falling |
| % change | -5.04% | -6.81% |
Precious metals such as Silver and Gold are subjected to Goods and Services Tax. A 3% GST is applicable on the final price of Gold.
The Bureau of Indian Standards (BIS) is the primary hallmarking agency. It is the National Standards body of India that authenticates the purity of Gold in India. Hallmarking is the process which records and determines the metal content in Gold/Silver articles. Hallmarked Gold will contain the following information:
The different ways by which a user can buy gold include:
Gold as an investment is worthwhile since it acts as a hedge against inflation. Overtime, its returns would be in line with the rate of inflation. The second reason why investment experts recommend this route is due to the fact that gold is negatively correlated to equity investments. A few years back, it was observed that the equity markets did not perform too well, whereas gold did. Thus, including gold to one’s portfolio mix can help reduce the overall volatility of the portfolio.
What is the rate of Gold per gram in Nashik?
The rate of Gold per gram in Nashik is Rs. 3,739 as on 9th September 2019.
What is the rate of Gold for 10 grams in Nashik?
The rate of Gold per 10 grams in Nashik is Rs. 37,390 as on 9th September 2019.
What is the rate of Gold for 100 grams in Nashik?
The rate of Gold per 100 grams in Nashik is Rs. 3,73,900 as on 9th September 2019.
What is the rate of Gold for 1 kg in Nashik?
The rate of 1 kg Gold in Nashik is Rs. 37,39,000 as on 9th September 2019.
