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Today Gold Rates In Daman and diu

16 Jun 2021

gold rate

22-carat gold Rate

₹4532

(Per Gram)

gold rate

24-carat gold Rate

₹4846

(Per Gram)

22 Carat & 24 Carat Gold Rates In Daman and diu Per Gram (INR)

Gold Rate TodayGold Rate YesterdayGold Rate Change(%)
22 Carat45324568-0.79%
24 Carat48464885-0.80%

Today 24 Carat Gold Price In Daman and diu (INR)

Gram24 Carat Gold Yesterday24 Carat Gold TodayDaily Price
1 GRAM48854846-0.80%
8 GRAM3907938767-0.80%
10 GRAM4884948458-0.81%
100 GRAM48848804845841-0.81%

Today 22 Carat Gold Price In Daman and diu (INR)

Gram22 Carat Gold Yesterday22 Carat Gold TodayDaily Price
1 GRAM45684532-0.79%
8 GRAM3654136252-0.80%
10 GRAM4567645315-0.80%
100 GRAM45675634531527-0.80%

22 & 24 Carat Gold Rates In Daman and diu for Last 90 Days

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2021-06-174,53236,2524,84638,767
2021-06-164,56836,5414,88539,079
2021-06-154,57736,6134,89539,159
2021-06-144,61036,8774,93039,439
2021-06-134,60836,8614,92839,423
2021-06-124,61036,8774,93039,439
2021-06-114,64137,1254,96339,704
2021-06-104,62737,0134,94839,584
2021-06-094,63237,0534,95439,632
2021-06-084,63637,0854,95839,664
2021-06-074,62336,9814,94439,552
2021-06-064,62336,9814,94439,552
2021-06-054,62136,9654,94139,527
2021-06-044,58636,6854,90439,231
2021-06-034,66737,3334,99139,928
2021-06-024,64337,1414,96539,720
2021-06-014,63537,0774,95739,656
2021-05-314,62236,9734,94339,544
2021-05-304,62236,9734,94339,544
2021-05-294,61536,9174,93639,487
2021-05-284,62536,9974,94639,568
2021-05-274,62036,9574,94039,519
2021-05-264,63637,0854,95839,664
2021-05-254,60236,8134,92139,367
2021-05-244,60136,8054,92039,359
2021-05-234,60136,8054,92039,359
2021-05-224,59536,7574,91439,311
2021-05-214,59136,7254,91039,279
2021-05-204,57436,5894,89239,135
2021-05-194,57936,6294,89739,175
2021-05-184,58736,6934,90539,239
2021-05-174,53036,2364,84538,759
2021-05-164,53036,2364,84538,759
2021-05-154,52536,1964,83938,711
2021-05-144,49835,9884,81238,494
2021-05-134,49635,9724,80938,470
2021-05-124,51636,1244,83038,639
2021-05-114,52336,1804,83738,695
2021-05-104,50136,0044,81338,502
2021-05-094,50136,0044,81338,502
2021-05-084,49835,9884,81238,494
2021-05-074,47635,8124,78838,302
2021-05-064,41335,3074,72137,766
2021-05-054,39635,1714,70337,622
2021-05-044,43435,4754,74337,942
2021-05-034,39435,1554,70037,598
2021-05-024,39435,1554,70037,598
2021-05-014,39435,1554,70037,598
2021-04-304,40735,2594,71437,710
2021-04-294,44335,5484,75238,014
2021-04-284,44435,5564,75438,030
2021-04-274,45735,6604,76838,142
2021-04-264,46135,6924,77238,174
2021-04-254,46035,6844,77138,166
2021-04-244,46035,6844,77138,166
2021-04-234,49235,9404,80538,438
2021-04-224,52936,2284,84438,751
2021-04-214,49535,9644,80938,470
2021-04-204,44735,5804,75738,054
2021-04-194,44135,5324,75037,998
2021-04-184,44235,5404,75138,006
2021-04-174,44435,5564,75438,030
2021-04-164,42535,4034,73437,870
2021-04-154,36734,9394,67137,365
2021-04-144,40035,2034,70737,654
2021-04-134,35134,8114,65437,229
2021-04-124,36934,9554,67437,389
2021-04-114,36934,9554,67337,381
2021-04-104,36934,9554,67337,381
2021-04-094,38535,0834,69137,525
2021-04-084,33934,7154,64137,125
2021-04-074,29734,3784,59636,765
2021-04-064,23833,9064,53336,260
2021-04-054,25734,0584,55436,428
2021-04-044,25734,0584,55436,428
2021-04-034,25734,0584,55336,420
2021-04-024,24233,9384,53836,300
2021-04-014,19233,5384,48335,868
2021-03-314,14233,1374,42935,435
2021-03-304,17233,3774,46235,700
2021-03-294,20833,6664,50136,004
2021-03-284,20833,6664,50136,004
2021-03-274,21133,6904,50536,036
2021-03-264,21533,7224,50936,068
2021-03-254,22533,8024,51936,148
2021-03-244,19933,5944,49135,932
2021-03-234,22033,7624,51436,108
2021-03-224,23933,9144,53436,268
2021-03-214,23933,9144,53436,268
2021-03-204,23233,8584,52736,212

Gold price chart last 30 days

Historical Price of Gold Rates In Daman and diu

The trend of Gold Rate in Daman and diu for January 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
January 1st RateRs. 4,482 /- per gramRs. 4,795 /- per gram
January 31th RateRs. 4,638 /- per gramRs. 4,960 /- per gram
Highest January RateRs. 4,786 /- per gramRs. 5,118 /- per gram
Lowest January RateRs. 4,480 /- per gramRs. 4,793 /- per gram

The trend of Gold Rate in Daman and diu for December 2020 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
December 20th RateRs. 4,641 /- per gramRs. 4,963 /- per gram
December 31th RateRs. 4,643 /- per gramRs. 4,965 /- per gram
Highest December RateRs. 4,654 /- per gramRs. 4,977 /- per gram
Lowest December RateRs. 4,617 /- per gramRs. 4,937 /- per gram

Since the discovery of gold, the yellow metal has been able to make a place in each and every house in India. People consider the investment in gold as the smartest way to face the future. The gold business will always find a way to boom irrespective of the market conditions. The price of these yellow metals will be at its peak if there are any auspicious festivals, ceremonies, or weddings in Daman and Diu. Since the past few decades, gold has been considered a symbol of wealth and status. People have started to buy gold whenever they are able to manage some money believing that the gold investment is the best choice when it comes to saving for the future. In Daman and Diu, gold is used not only to make jewellery, but also to make golden idols, and other art.

Daman and Diu are one of the union territories of India which has got a gold industry which heavily depends on the international market rates. They import gold from other states and countries as they do not have any gold mines. Below is today’s gold rate in Daman and Diu.

Measurement of gold

The unit measure of gold is called Karat. The weight of gold is measured in troy ounces. One troy ounce is equivalent to 31.1034768 grams. 24-karat gold is considered as the highest and purest form of gold.

What is Karat?

Karat is the unit measure of gold and one can identify the purity of the yellow metal by referring to the karat. Even though resistant to corrosion and rust, pure gold is quite soft and supple. That is the reason why jewellers often add other metals such as zinc, copper and silver while making 24 karat gold ornaments. One karat is 1/24th part of the whole 24-karat. In the market when you see a gold ornament, bar, or coin is 22 karat, it means the ornament has only 22 parts of pure gold and the balance 4 parts is of copper or silver.

Since 24-karat gold is made of 99.9% pure gold, it is quite expensive when compared to 22-karat gold which has only 91.6 % pure gold.

Given below is the fineness scale which is used while measuring the purity of gold:

24 K = 99.9% Pure

22 K = 91.6% Pure

18 K = 75% Pure

14 K = 58.5% Pure

10 K = 41.7% Pure

This fineness scale is approved by the Indian Government and this measure is otherwise known as Hallmark.

Factors That Determine Gold Prices in Daman and Diu

Below are some of the key factors that affect the price of gold in Daman and Diu

Inflation

One can compare gold to currency as it can be used to hedge inflation. When the rate of currency falls, people start investing in gold.

The Effect of Other Commodities

The rate of gold is often related to other goods such as crude oil and copper. In the industry when an imbalance in trade arises between the commodities, the effect of the change will adversely affect the gold industry. As a result of the economic conditions, the rate of gold increases.

Demand and Supply

The rule of supply and demand affect the gold industry as well. India and China are said to be the largest consumers of gold. The rate of gold goes up if there isn’t enough gold supply to meet the consumer’s demand. For example, if there is any auspicious festivals or marriage season, then the price of gold is bound to increase. When the demand goes high, the vendors must be ready to supply the metal. On the other hand, when the demand for gold reduces, the rate will start to decline.

Value of the US Dollars

When it comes to determining the rate of gold, the value of the US Dollar has got a vital part in it. The rate of gold increases when there is a fall in the US Dollar rate as people will prefer investing in gold than currency. Once the currency regains its strength, it will pull down the gold rate as well.

Fixed Deposit Interest Rates

Fixed deposits are said to be the master when it comes to investment. Banks offer attractive interest rates as well which makes fixed deposits the strongest and smartest way of investment. The attractive interest rate can bring the gold rate down as people will prefer fixed deposits over gold investments.

Import Costs

Daman and Diu does not have any gold mines and as a result, the jewellers need to import gold from other countries. Due to import, they will incur additional expenses and the jewellers are forced to include the expense in the gold price.

Buy gold in Daman and Diu

Buying gold is something which you need to do very carefully. When you buy gold, you are investing all your savings so that you can be worry-free in the future. If not bought carefully, there are chances that you might get fooled by fake gold ornaments, coins, and even gold bars. So keep the following points in mind when you plan to buy gold.

Keep an eye on the Gold rates: Keeping a regular check on the gold market is a good practice if you intend to buy gold. This will help you understand the recent market trends and it will help you to decide whether it is the right time to buy the metal.

Different Types of Gold: Since there are different types of gold available in the market, it will be a better idea to decide beforehand what you want to buy. It could be gold jewellery, gold bars, gold coins, and even gold bars. Each one will have a different rate according to karats.

Ensure purity: Gold is measured in Karats.  24 Karat is 99.9% pure gold while 22 Karat is 91.6% pure. Below is the fineness scale which is used to determine the purity of gold

24 K = 99.9% Pure

22 K = 91.6% Pure

18 K = 75% Pure

14 K = 58.5% Pure

10 K = 41.7% Pure

Bureau of Indian Standards (BIS) Hallmark: The easiest way to check for purity is to look for Hallmark.

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