We will give you all the knowledge about the current Gold Rate in Patna Today. We aim to present the world with the exact and timely information about gold rates. The different types of purity or karat in which the gold is commonly sold in Patna are 18K, 21K, 22K, and 24K.
22 Carat Gold Rate in Patna
|Showing GOLD Price of Patna|
24 Carat Gold Rate in Patna
|Gram||24 Carat Gold Today|
|1 Gram||Rs 4443
|8 Grams||Rs 35544
|10 Grams||Rs 44430
|100 Grams||Rs 444300
Patna is a significant trade centre in India. The city movements a considerable amount of gold, and the metal plays an essential part in Bihar’s culture and traditions.
Gold is usually gifted in festivals like Diwali. In these periods, the requirement is high, and the gold rate in Patna increases.
The inhabitants of Patna look forward to buying gold, not only as an investment but for its ornamental purposes. In Patna, one can discover plenty of artisans producing their income by designing and creating artisan gold jewelry.
The wealthy people in the city generally consider gold as an investment, and because of this, the trend in gold rate in Patna is frequently found changing more than in other cities in India. The major reason for purchasing gold is ornamental use; some of them do invest in gold as coins, bullion and opt for other trading options such as Exchange Traded Funds.
Patna 916 Hallmark gold
Gold price in Patna 916 hallmark gold is the rate of 22-carat gold. The 916 hallmark gold is another name for the 22-carat gold, and it is resultant from the fact that 91.6% of the alloy from which 22-carat gold is prepared is pure gold. The remaining 9.4% is other metal used to give the essential durability and power to the alloy.
Tax Levied on Gold Rate in Patna
- 5% of the production charges for the gold jewelry; and
- 3% on the raw gold bought as goods.
How Central Bank Policies impacts Gold Rates in Patna?
The Central Bank has different roles to play in shaping the Gold Rate in Patna. The Central Bank can alter the monetary policy, which directly affects the rate of gold. It can boost or reduce the supply of gold in the market, which ultimately increases or decreases the commodity price in the market. Currency valuation is made by the Central Bank, which affects the gold rate.
How is the gold rate in Patna decided?
The gold rate in Patna is decided based on various factors. These factors consist of the interest rates in the developed countries, also the requirement for gold as it is found that a lesser requirement for gold leads to low prices and higher requirement leads to high prices. Moreover, the gold price in Patna is also affected and determined by the Government policies which are related to the tariffs on gold, and also the tariffs charged by the Local Governments of Patna.
Best Gold Jewelry Shops in Patna
Shree Hari Jewellers
G M Complex, Pillar No.14, Jagdeo Path, Patna, Bihar 800014, India
Closed ⋅ Opens 11 AM Fri
+91 76439 90090
Paradise Market, Bari Path, Bakarganj, Patna, Bihar 800004, India
Closed ⋅ Opens 11 AM Fri
+91 98012 39788
Alankar Jewellers – Heritage Store
3-4, Alankar Place, Boring Rd, Near, Patna, Bihar 800001, India
Closed ⋅ Opens 11:30 AM Fri
+91 612 253 2756
Tanishq Jewellery – Central Mall, Patna
Opp.Lic Jeevan Jai Prakash Path Near Central Mall, Fraser Road Area, Patna, Bihar 800001, India
Closed ⋅ Opens 10:30 AM
+91 612 221 4240