Gold Rate Today in agra - 22 Carat and 24 Karat Gold Price in agra (24th November 2024)

Agra is rich in gold as Mughals ruled the city for the longest period of time. Gold jewellery is primarily worn and sold by the locals here in Agra. Many people rely on the gold rate in Agra to buy or sell these items. Gold is typically used as jewellery, but as time has passed, many individuals have begun to explore investing in gold for its ability to provide profits.

The gold rate in Agra fluctuates in line with global trends. 22 Carat Gold Rate in Agra today for 1 Gram is ₹ 0 while 24 Carat Gold Rate in Agra today for 1 Gram is ₹ 0.

The present gold rate in Agra increases in response to changing conditions. It has provided excellent returns in recent years. Gold is one of the oldest investment options known and it continues to be the world's favourite asset to this day.

Today’s Gold Rate in Agra- last 10 days

Gold prices have reached an all-time high as a result of the current COVID 19 outbreak. Various parameters influence the gold rate in Agra, such as international gold prices, gold demand, Interest rates, political issues, geopolitical tensions, among others.

Agra's gold purchases are primarily ornaments and jewellery, which is consistent with the country's overall pattern. Due to Agra's rich history in gold during the Mughals, gold is seen as an investment by buyers. Let's take a look at whether the gold price has fluctuated over the last several days.

Historical Prices of Gold Rate In Agra

Is Gold A Wise Investment?

The desire to own gold originated solely from a need. Particularly in Agra, where large quantities of gold are purchased as a tradition for weddings. Gold prices have increased dramatically over the few years, explaining why gold is the most secure investment option.

Also Read: Steps to Calculate the Gold Price for Jewellery

According to facts and figures, gold prices have risen significantly in the last few years.  Gold is considered an excellent long-term investment option. People are investing in gold at a higher rate than ever before.

What Characteristics To Look For When Investing In Gold?

1. Gold Purity: Before purchasing gold jewellery, always check its purity. The higher the purity, the higher the cost and the higher the return value. Gold with a purity of 24 Karat is considered to be the purest form of gold.
2. Gold rate per gram: Look for today's gold rate in Agra to get a sense of gold pricing; go to a reputable website such as  Khatabook and search for gold prices, though prices may vary slightly compared to in-store prices.
3. Invest wisely: If you want to buy jewellery as an investment, avoid stone-studded pieces and jewellery. The more complex the patterns and designs of the jewellery are, the higher the making fee. As a result, you're paying more than it's worth, and when you sell it, you'll only get the gold metal back, not the stone.
4. Making charges: It is the price of turning raw gold into a beautiful piece of jewellery. Buying gold coins is not usually the same as buying gold jewellery. Making costs typically range from 6% to 14% of the overall cost of gold, depending on the jewellery design. While some jewellers have set prices for their services, you can always haggle to get the best value.
5. Hallmarked gold: The most straightforward way to check for purity is to look for a hallmark. On a hallmarked piece of jewellery, the official proportion of the metal is stated. Like any other investment, a certificate assures that you have proof of ownership and that the gold you bought is legitimate.

Assessing The Current 916 Gold Rate In Agra

916 gold is pure 22 Carat gold. The number 916 is used to indicate the purity of gold in the finished product. In India, 22 Carat gold is referred to as 916 gold. The 22 Carat current gold rate in Agra is affected by several factors, including the US Dollar, import taxes, Gold demand versus supply etc.

Keep track of today's gold rate in Agra. When gold prices fall, you can invest in it and when it rises, you can sell it and profit handsomely.

Also Read: What are Gold Exchange Traded Funds or Gold ETFs?

List of Banks in Agra That Offer Gold Loans

A gold loan is a secured loan against gold obtained from a lender by pledging the borrower's gold pieces to meet their financial emergencies.

The following are some of the banking institutions that offer gold loans in Agra.

1. ICICI Bank
2. Kotak Mahindra Bank
3. Axis Bank
4. Bank of Baroda
5. HDFC Bank 
6. DCB Bank
7. IndusInd Bank

The following are some of the non-banking financial institutions that offer gold loans in Agra.

1. Muthoot Finance Gold Loan
2. Manappuram Gold Loan
3. Bajaj Finserv Gold Loan
4. Equitas Gold Loan
5. Saraswat Bank Gold Loan

Factors Affecting the Gold Rate in Agra

1. Demand and supply: When demand for gold rises, so does the price and vice versa. Gold is a resource that is always in high demand. Gold pricing is heavily influenced by demand and supply. Seasonal demand for jewellery in the Indian market increases the demand for gold supply, driving up the price of the 916 gold rate in Agra.
2. The Indian jewellery market: The demand for gold in India is more significant than anywhere else on the planet, so having a large amount of gold in one's home is common. Weddings and festivals are not complete without the purchase of gold. As a result, during this season, the demand for it rises in Agra, resulting in a price increase.
3. Import Duty: Due to the fact that gold is not produced in India, it is imported from other nations, and import tariff plays a significant impact on price variations.
4. US dollar exchange rate: Gold is traded on the worldwide market in US dollars, the price swings when converted to Indian rupees upon import. Importing gold becomes more expensive if the Indian rupee depreciates.
5. Stock Market: The link between stock prices and gold prices is well-established. The cost of gold and the price of stocks have an inverse relationship. What exactly does that imply? When stock markets rise, gold prices fall and vice versa.

What Are The Various Gold Investment Options?

• Physical Gold: Keeping in mind the present gold rate in Agra is the simplest way to invest in gold is to purchase physical gold in the form of fine jewellery. Physical gold can be purchased in the form of jewellery, coins, and bars, among other things. Because physical gold can be easily redeemed in the market, it is also one of the best ways to invest. You can also take out a loan against your gold jewellery in the event of an emergency.
• Investing in Gold ETFs: A gold ETF is a substitute for physical gold. These ETFs allow you to maintain a gold investment without needing to possess any physical gold. One gold ETF unit is equal to one gram of gold, and the gold ETF's value correlates to the global gold price. As a result, as gold prices rise, the gold ETF's value increases as well.
• Gold saving schemes: These plans are given by jewellers across India and they require the investor to enrol by paying a set sum each month for a set period of time. They can avail the complete amount by investing in a piece of jewellery.
• Gold Mutual Funds: These funds make direct and indirect investing in gold reserves. If you buy a gold fund, you'll be investing in gold at the present rate; if the price of gold at the time of conversion is higher than the price at the time of investment, you've made gold gains.

Also Read: Here are the 8 Most Famous Types of Gold

Digital Gold- A New Concept

With digital gold, you can buy and trade gold in fractions of a second. Each gram of digital gold you purchase is supported by real 24 Karat gold and is linked to current gold prices. You may start an account online and invest in digital gold for as low as Rs.10. Most importantly, digital gold is an electronic certificate and is backed by physical gold. Therefore, purchasing it is very safe and also unnecessary costs can be avoided. 

Online platforms such as Khatabook provide such an opportunity where you can invest in digital gold with just a few clicks. 

The Impact of GST on Agra's Gold Rate

The gold rate has gone through a lot of ups and downs, especially since India implemented GST.  In addition to worldwide trends, the Goods and Service Tax has had an impact on the gold rate in Agra. When consumers buy gold in India, the supplier adds a 3% GST to the price when compared to the prior 1.5% VAT. Hence, the total cost has increased, resulting in a small increase in the gold rate in Agra today.

Checklist for Purchasing Gold in Agra

1. Gold price in Agra per gram
2. Purity level of the gold
3. Buyback certificate
4. Original bill
5. Genuine seller
6. Making charges

Where to buy gold in Agra?

Conclusion

Festivals and wedding seasons occur throughout the year in India. These times are believed to be the best times to buy gold as jewellery retailers provide discounts and gold rates fluctuate a lot. Online platforms such as Khatabook have made it easier to invest in gold than it was 10 years ago. So, if you're considering adding gold to your portfolio, we hope this article has been useful in helping you understand the current gold rate in Agra.

Head over to Khatabook for more information.