Gold Rate in Patna

7th Jul 2020

47,620.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Patna is 47620 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 46620
24 Carat Gold
Rs. 47620

22 Carat & 24 Carat Gold Rate in Patna Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 4662.00 4762.00 0 %
Today 4695.00 4795.00 0 %

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

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 4762.00Rs 4795.00
8 Gram Rs 38096Rs 38360
10 Gram Rs 47620Rs 47950
100 Gram Rs 476200Rs 479500

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

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 4662.00Rs 4695.00
8 Gram Rs 37296Rs 37560
10 Gram Rs 46620Rs 46950
100 Gram Rs 466200Rs 469500

Today 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
07 July 2020 Rs. 4662.00 Rs. 46620 Rs. 4762.00 Rs. 47620
06 July 2020 Rs. 4695.00 Rs. 46950 Rs. 4795.00 Rs. 47950
05 July 2020 Rs. 4646.00 Rs. 46460 Rs. 4746.00 Rs. 47460
04 July 2020 Rs. 4651.00 Rs. 46510 Rs. 4751.00 Rs. 47510
03 July 2020 Rs. 4650.00 Rs. 46500 Rs. 4750.00 Rs. 47500
02 July 2020 Rs. 4654.00 Rs. 46540 Rs. 4754.00 Rs. 47540
01 July 2020 Rs. 4765.00 Rs. 47650 Rs. 4865.00 Rs. 48650
30 June 2020 Rs. 4735.00 Rs. 47350 Rs. 4835.00 Rs. 48350
29 June 2020 Rs. 4730.00 Rs. 47300 Rs. 4830.00 Rs. 48300
28 June 2020 Rs. 4736.00 Rs. 47360 Rs. 4836.00 Rs. 48360
27 June 2020 Rs. 4735.00 Rs. 47350 Rs. 4835.00 Rs. 48350

Comparison of 22 K & 24 K Gold Rates in Patna

Historical Price of Gold Rate in Patna

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: