Gold Rate in Patna

Today 24 Carat Gold Price per gram in Patna (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 3021.00Rs 3035.00
8 Gram Rs 24168Rs 24280
10 Gram Rs 30210Rs 30350
100 Gram Rs 302100Rs 303500

Last Update on 21st Sep 2017

 

Today 22 Carat Gold Price per gram in Patna (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2833.00Rs 2847.00
8 Gram Rs 22664Rs 22776
10 Gram Rs 28330Rs 28470
100 Gram Rs 283300Rs 284700

Gold Rate In Patna

Teej and Chhath are well-known festivals celebrated in the city of Patna, the capital city of Bihar. Both these festivals involve gifting, and the most popular option is gold. The people of Patna look forward to purchasing gold, not for its advantages as an investment but for its ornamental purposes. There is Eastern as well as Northern influences in the region, and one can find plenty of artisans making their livelihood by designing and making artisan gold jewelry.

Gold as an investment is mostly considered by the rich in the city, and because of this, the trend in gold rate in Patna is often found fluctuating more than in other cities in India. Today gold rate in Patna is stable, maintaining the steady increase since last week. However, last month had seen a significant decline in the price of gold. Although the main purpose of buying gold is ornamental use, some of them do invest in gold as coins, bullion, buy market shares, and opt for other trading options such as Exchange Traded Funds, Spot contracts, and Future contracts.

22 & 24 Carat Gold Rate in Patna for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
21 September 2017 Rs. 2847.00 Rs. 28470 Rs. 3035.00 Rs. 30350
20 September 2017 Rs. 2833.00 Rs. 28330 Rs. 3021.00 Rs. 30210
19 September 2017 Rs. 2838.00 Rs. 28380 Rs. 3026.00 Rs. 30260
18 September 2017 Rs. 2854.00 Rs. 28540 Rs. 3042.00 Rs. 30420
17 September 2017 Rs. 2854.00 Rs. 28540 Rs. 3042.00 Rs. 30420
16 September 2017 Rs. 2862.00 Rs. 28620 Rs. 3050.00 Rs. 30500
15 September 2017 Rs. 2854.00 Rs. 28540 Rs. 3042.00 Rs. 30420
14 September 2017 Rs. 2852.00 Rs. 28520 Rs. 3040.00 Rs. 30400
13 September 2017 Rs. 2857.00 Rs. 28570 Rs. 3045.00 Rs. 30450
12 September 2017 Rs. 2874.00 Rs. 28740 Rs. 3062.00 Rs. 30620

Patna Gold Rate Trend in Last 3 Month

Gold Price in Patna

Patna is an important trade center in northeast India. The city movements a substantial amount of gold, and the metal plays a central part in Bihar’s culture and traditions.

Gold is commonly gifted in festivals like Diwali and Chitragupta Pooja. In these periods, demand is high, and the gold price in Patna raises.

What Influences the Gold Rate?

Gold rates in Patna are linked with international gold rates. The dollar fluctuation plays a major role in the gold value. And although an Association fixes the gold price daily, global conditions dictate the rates.

Prices have been growing in the last few years. As the rates increase, gold demand in Patna reduces. Apart from some small rallies, the demand for gold is running slow in Patna and India.

How to trade Gold in Patna?

There are different ways to invest in gold. Jewelry shops are the most common, but the commissions are high. Merchants add up to 30% of charges to the gold rate.

Another way is to buy shares of a company that produces gold. Since their gains rely on the gold price, it’s an indirect way to invest in the metal.

It’s also possible to invest in gold funds (ETF). You can buy the metal without actually owning the gold. The deal occurs virtually, in the Bombay Stock Exchange.

Here you can check the gold rates in Patna and prepare your investment strategy: