Purchase rate of gold

Dipesh Kajrolkar (Querist) 08 December 2020 This query is : Resolved
Where do I get exact Gold rate for a particular day. Because most of the sites show some different rate from jeweler's all around.
If particular site is showing Rs. 4835/- per gram for 22 Karat. Jewelers charge extra from the mentioned rate. As per my understanding and knowledge, the 22 Karat is calculated as follows,

Eg: 24 Karat rate is RS. 50000/- per 10 Gram then the Gold rate for 22 Karat will be 50000/24*22 = 45833/-.

But all jewellers charges more than actual rate declared or decided by authorities. How and where do we get this escalated.

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Quick Summary

This discussion addresses the confusion around finding the exact daily gold rate in India, as prices often vary between online sources and jewellers. It explains that while 22-karat gold rates can be calculated based on 24-karat prices, jewellers typically add a markup. Factors influencing these rates include global markets, the US dollar, and local demand. Online resources like Goodreturns.in are suggested for checking current prices.

Guest (Expert) 08 December 2020
Gold Rates in India are affected by factors like global market conditions and the strength of US dollars.The Change in Gold Rates in India varies from city to city depending on demand, supply and local market conditions.

kavksatyanarayana (Expert) 08 December 2020
Yes. I agreed with the advise of learned-expert Mr.Rajkumar alias narasimha sir. And you can go online you will get the gold rates, for ex:www.goodreturns.in etc.

Rajendra K Goyal (Expert) 10 December 2020
Not a legal query, related to market prices.

Please search google.

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