Manipur is a North Eastern state in India. It is tourism-dependent. Its major cities are more densely populated. Gold here is passed from generation to generation. Gold is available at the gold rate per gram in Manipur. The present gold rate in Manipur fluctuates due to various factors.  

What is Today’s Gold Rate in Manipur?

The current gold rate in Manipur as of 27th April 2024, or the 22-carat gold rate in Manipur is ₹ 6825/gm. The 24-carat gold rate in Manipur is ₹ 7166/gm of 24K gold.

Gold Rates in Manipur For The Last 10 Days

Here’s how the 22k gold rate today in Manipur and 24-carat gold rate in Manipur have performed over the last 10-days.

Historical Prices of Gold Rate Today in Manipur

Factors Affecting the Gold Rate in Manipur

All gold investors look for safety, liquidity and Return on Investment or ROI. An investment in gold provides all three and more. Let’s look into the factors that affect the gold rate:

Final Price of Jewellery 

Gold rates differ from the daily rates and from jeweller to jeweller. 

The final jewellery price is equal to [Gold Weight in grams multiplied by the gold rate in Manipur + Wastage and Making charges + 3% GST on the final price]. 

Gold Investment Options in Manipur

Gold can be bought at the current gold rate in Manipur either in physical or digital formats. 

Physical Gold: Some love the lure of gold and ornaments. With over 3 lakh small jewellery outlets in India buying gold bars, coins or jewellery is easy. However, when buying gold jewellery, designing, wastage and making charges add to the buying price over and above the gold rate in Manipur. It is also hard to store, vulnerable to theft and you need to pay for insurance.

Digital Gold: Modern methods allow you to buy gold in electronic form. Platforms like Khatabook, allow you to buy fractions of a gold unit and leverage your savings and gold prices for you. Whenever required you can exchange your units for gold ornaments at the gold rate today in Manipur, that Khatabook will deliver to your doorstep. 

Gold Mutual Funds: AMCs or asset management companies manage gold mutual funds which they invest in the ETFs while following the fund structure.

Gold ETFs: The ETFs or Gold Exchange Traded Funds are stock exchange-traded shares and are invested in Gold stocks of refining/mining companies while delivering physical gold at the 24-carat gold rate in Manipur at maturity. A Dematerialised or Demat account is needed to begin investing in Gold ETFs. 

Sovereign Gold Bonds: The SGBs, are 8-year bonds released by the RBI Reserve Bank of India on behalf of the Government of India with a 2.5% return rate assured on it. The bond prices are linked to the gold prices or the gold rate in Manipur. But, you do not get any physical gold at maturity.

Comparative Analysis of Gold Investment Options

Let's understand how gold investments compare with digital gold.

Physical Gold: This investment is made in physical gold like bullion/jewellery. The charges levied are equal to the price, making charges and GST. Physical gold carries the risk of burglary and insurance charges. It has no paperwork hassles. Its BIS certification and purchase receipt are essential when selling.

Gold Funds: The investment is in the exclusive fund from companies in gold mining. Gold funds add a nominal charge as fund management charges to the 916 gold rates in Manipur today. The paper gold suffers no risk of theft. These require paperwork when investing. Ahe fund certificate is needed when trading it in at the maturity value. Gold funds are dependent on the profits made by the gold mining company and not today’s gold rate in Manipur 916. Gold funds are bank-backed and insured too. 

Digital Gold: The investment is made digitally and can be of any value accumulating units of gold, where 1 unit=1 gm of physical gold. It includes brokerage fees, asset management charges, and physical gold cost at. today in Manipur. It has no risk of theft since it is paper- gold till the time of delivery. The paperwork is simple and gold kept in insured vaults till the time of delivery of the gold. The gold rate in Manipur 916 affects the price directly. Buy units of digital gold on a platform like Khatabook.

Comparative Analysis of Gold Versus FD Investment Options

Here’s the performance comparison of gold investments versus FDs.

Risk Factor: Gold as an asset is an excellent hedge against inflation and currency fluctuations. But it is vulnerable to theft and additional hidden costs when buying. The bank FD is a low-risk safe option with an assured interest rate and a fixed term.

Premature Closure: While the FD’s early closure is penalised with 1% of the interest earned and depends on the bank’s policy, gold can be easily liquidated and even serves as collateral for gold loans when in financial distress.  

ROI Analysis: Buying gold annually for 5-years, can provide you18% CAGR in returns according to the ET Wealth report. The FD’s interest rates on the other hand have been reduced to offer an annual rate of 5-6% with an additional 0.5% for senior citizens.

Liquidity: You can sell or trade your gold which is a high liquidity investment in physical and digital forms. The liquidity of the FD is dependent on the bank and its policies.

Important Factors When Buying Gold Jewellery

Are you planning to buy jewellery at today gold rate in Manipur 916? Here’s what to check.

• Purity levels: Check the hallmark and purity of the gold which is available as 22K, 18K, 10K, 14K gold etc. The best resale price in gold is the 24-carat gold rate in Manipur though jewellery fetches only the 916 gold rate in Manipur.
• BIS Certification: This is used to certify the purity of gold and is a part of reputed jewellers who hallmark their ornaments. The 916 gold means that every 100gm of gold contains 91.6gm of pure gold and is the benchmark for gold jewellery quoted at the 22-carat gold rate in Manipur today.
• The daily gold rates: Rates fluctuate based on several factors. Always enquire what is the Indian Bullion Jewellers Association rates and what is the gold rate today in Manipur? Before investing, look at today's gold rate in Manipur live and the rates for jewellery reflected in the gold rate in Manipur 916 If buying 18K gold, refer to the 18-carat gold rate in Manipur today. 
• Buy-back terms: The buy-back terms become important when you sell or exchange gold at the prevailing gold rate today 22k in Manipur. This is so as even the exchange of jewellery in gold on a gram-to-gram basis is less the wastage and making charges (7 to 25%), that you never recover when selling.
• Know your gold: White and rose gold prices can be higher than the daily gold rates due to processing and making charges. When selling you lose, as the alloy rate fetches zero value. Always invest in 24K or 22K gold for the best resale prices or the today gold rate in Manipur 916.

Types of Gold

Pure Gold is 24K, while gold used in jewellery is generally 22K/ 18K.

Comparative Chart for 22K, 24K and 18K Gold:

Digital Gold 

Gold investment purchases data from WGC shows that the investment to jewellery purchase ratio is 20:80. Gold ETFs and Digital gold investments are fast-rising with almost 10 tonnes of gold being the total collection from the top six fund houses. Since Digital gold suffers no risk of theft, it is a 100% safe purchase of pure gold!

Trading Digital Gold

Digital gold has emerged as a new global gold currency system in Manipur because it suffers no rate manipulations or variations. The reputed platforms like Khatabook offer units of digital gold and even fractions of a unit thereby leveraging the day’s rates and your small savings for better returns. Further, the digital gold is stored in insured digital lockers till encashment. You can sell digital gold from home or even convert it to physical gold at will. All you need to do is enter the weight of the gold and choose the buy or sell option on your mobile phone app and a few clicks. 

Gold Loans and what they mean:

A gold loan is the fastest method to get a short term loan against gold ornaments at the gold rate today in Manipur. You can pledge gold in jewellery, coins, gold bars etc.. to a bank or other financial institutions and obtain 90% of the gold value to tide you over financial distress. The gold is valued at  today's gold rate in Manipur and must be repaid within the specified time to release the gold collateral. Even Digital gold can be converted to physical gold ornaments and used to secure a gold loan.

Locations to Buy Gold in Manipur

Gold jewellery can be bought across the following locations from reputed jewellery stores. 

Conclusion

You should be careful when investing in gold. Gold prices can vary due to many factors. There is no guarantee whether today’s gold rate in Manipur 916 prices will be high enough to guarantee a reasonable return rate unless gold is held for long periods. In Manipur, one can explore investments in gold stocks in mining companies, mutual funds, ETFs etc. To buy digital gold use a trusted platform like Khatabook.