Gold Rate in Chandigarh - LIVE Price of 22 & 24 Carat Gold Today

Gold, a universally treasured metal, holds significance beyond its material value, embodying wealth, cultural importance, and a safeguard against economic unpredictability. Chandigarh, the capital city of Punjab and Haryana, stands as a significant hub for gold trade in India. The demand for gold in Chandigarh is molded by a confluence of factors like festive seasons, weddings, economic landscapes, global trends, and local inclinations. Today, let's delve into the comprehensive landscape of the gold rate in Chandigarh, encompassing current prices, karat distinctions, influencing factors, GST implications, prevailing trends, and expert tips for gold purchases in the city.

Gold Price in Chandigarh for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Chandigarh - (Today & Yesterday)

If you're planning for gold investment, check and compare the 22 carat gold rate in Chandigarh. Consider taking look at the following information given below:

Gram	Today	Yesterday	Price Change
Gold rate for 1 gram	₹ 6,755	₹ 6,894	₹ -139
Gold rate for 10 gram	₹ 67,545	₹ 68,938	₹ -1,393
Gold rate for 12 gram	₹ 81,054	₹ 82,726	₹ -1,672

Today 24 Carat Gold Price Per Gram in Chandigarh - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Chandigarh. Check the following table as given below:

Gram	Today	Yesterday	Price change
Gold rate for 1 gram	₹ 7,374	₹ 7,526	₹ -152
Gold rate for 10 gram	₹ 73,739	₹ 75,260	₹ -1,521
Gold rate for 12 gram	₹ 88,487	₹ 90,312	₹ -1,825

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Chandigarh For The Last 10 Days

Chandigarh's gold rates have depicted a consistent upward trajectory, but the gold rates keep fluctuating, guided by variables encompassing global trends, fluctuations in Indian rupee exchange rates, local market dynamics of demand and supply, and governmental impositions. Refer to the table below illustrating the gold rate trend in Chandigarh for the previous 10 days, it will help you to make an educated guess of future gold rates:

Day	22K Pure Gold	24K Pure Gold
14 Nov, 2024	₹ 6,754	₹ 7,373
13 Nov, 2024	₹ 6,893	₹ 7,526
12 Nov, 2024	₹ 6,860	₹ 7,490
11 Nov, 2024	₹ 7,038	₹ 7,684
08 Nov, 2024	₹ 7,088	₹ 7,738
07 Nov, 2024	₹ 7,033	₹ 7,678
06 Nov, 2024	₹ 7,157	₹ 7,813
05 Nov, 2024	₹ 7,196	₹ 7,856
04 Nov, 2024	₹ 7,192	₹ 7,851
02 Nov, 2024	₹ 7,183	₹ 7,842

Monthly and Weekly Trends of Gold Rate in Chandigarh

Refer to the graph below depicting the gold rate trends in Chandigarh:

Gold Price Calculator in Chandigarh

Gold amount

gm 10gm

Gold value: ₹ 6,754.50

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What is the Current Gold Rate Trend in Chandigarh?

The gold rate in Chandigarh varies every day and it is hard to predict what it will be the next day. But you can use this chart to see the trend of gold rate in Chandigarh. By looking at it, you can get an idea of how the gold rate is fluctuating.

Importance of Checking Gold Rate Today in Chandigarh Before Buying

Verifying today's gold rate in Chandigarh holds significance in comparing prices offered by different sellers and securing a favorable deal. It aids in sidestepping overpayment, given some sellers might charge rates exceeding prevailing market benchmarks. Additionally, monitoring today's gold rate in Chandigarh aids in strategizing gold transactions, aligning purchases or sales based on price movements.

Factors that Affect the Gold Prices in Chandigarh

A myriad of intricate factors dictates fluctuations in gold prices in Chandigarh:

Currency Dynamics: Oscillations in the exchange rate between the Indian rupee and the US dollar significantly reverberate in Chandigarh's gold prices.
Demand-Supply Equilibrium: Variations in gold demand during festive junctures or economic scenarios directly sway prices.
Interest Rates: Elevated interest rates typically dampen gold demand due to the incurred opportunity cost.
Local Market Dynamism: The sway of jewelry associations, retailers, and local preferences on gold pricing.
Inflation and Global Situations: Gold's allure as a haven escalates amid economic uncertainties, influencing demand and price.

How is Gold’s purity determined?

The karat system is used to determine the purity of gold in India, which ranges from 1 to 24, where 24 karats indicate pure gold. The purity is expressed as a fraction of pure gold to the total alloy content. To verify the purity of gold, Indian jewellers often use a hallmarking system, which is supervised by the Bureau of Indian Standards (BIS). Hallmarks include the BIS logo, karat purity, the jeweller’s identification mark, and the year of hallmarking, giving customers confidence about the stated purity of their gold purchases.

1 Gram Gold Price in Chandigarh: How is it Calculated?

Understanding how to calculate today's 1-gram gold price in Chandigarh stands crucial for comparative assessments among different jewelers. Here are two methods and their formulas:

Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24

Karat Method: Gold value = (Gold’s purity x weight x gold rate) / 100

These methodologies extend beyond gold buying or selling in Chandigarh, assisting in gauging gold's value for potential loan endeavors and quality assessments.

Reasons Why Gold Rates Differ Between Chandigarh and Other Cities

Disparities in gold rates between Chandigarh and other cities stem from manifold factors encompassing international gold prices, rupee exchange rates, local demand-supply dynamics, transport costs, local levies, retailer margins, jewelry associations, purchase prices, and macroeconomic landscapes.