Kota, situated in the desert region of Rajasthan is an incredible combination of a royal mediaeval culture and a modern industrial city. Famous for its grand forts overlooking the river Chambal, Kota boasts of its scenic beauty and magnificent palaces that are symbols of great wealth handed over generations by the royal families who were ruling in the yesteryear. The city also offers excellent scope for shopping as it has much to offer from its age-old collection of handicrafts and saris.
Backed by the economic support of regional industries and traditional textiles and handicrafts, Kota has moved forward as an emerging hub for business opportunities. The expanding markets and growing business environment have attracted investments in a land of business prospects.
Gold loan is a good way to secure quick cash in Kota looking at the area's widespread gold ownership. Buying and selling are influenced by the gold prices besides the region's economy. The current rate of gold in Kota and factors that influence its price are discussed on this page.
Gold Price in Kota for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Kota - (Today & Yesterday)
For buying gold jewellery, 22-carat gold is a perfect choice. If you plan to acquire gold for buying jewellery, know the current rate for 22k gold in Kota. The table below provides the gold rates in Kota for yesterday and today to decide on making a purchase.
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,061 | ₹ 7,125 | ₹ -65 |
| Gold rate for 10 gram | ₹ 70,606 | ₹ 71,253 | ₹ -647 |
| Gold rate for 12 gram | ₹ 84,727 | ₹ 85,504 | ₹ -776 |
Today 24 Carat Gold Price Per Gram in Kota - (Today & Yesterday)
Compare today's 24K gold rate per gram in Kota with yesterday's prices. The following table gives you an understanding of the fluctuations in 24 Karat gold between yesterday and today.
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,708 | ₹ 7,779 | ₹ -71 |
| Gold rate for 10 gram | ₹ 77,081 | ₹ 77,787 | ₹ -706 |
| Gold rate for 12 gram | ₹ 92,497 | ₹ 93,344 | ₹ -847 |
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 Kota For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 25 Nov, 2024 | ₹ 7,060 | ₹ 7,708 |
| 22 Nov, 2024 | ₹ 7,125 | ₹ 7,778 |
| 21 Nov, 2024 | ₹ 7,047 | ₹ 7,693 |
| 19 Nov, 2024 | ₹ 6,950 | ₹ 7,587 |
| 18 Nov, 2024 | ₹ 6,852 | ₹ 7,480 |
| 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 |
Monthly and Weekly Trends of Gold Rate in Kota
Much like the interplay of major commodities, gold price fluctuations are a daily phenomenon. To gain insight into long-term trends of gold in Kota let us examine weekly and monthly price patterns. Usually, the current rate in the city has a direct relation to the volume of gold traded and the trends have been stable.
Gold Price Calculator in Kota
Gold value: ₹ 7,060.60
What is the Current Trend in the Gold Price in Kota?
A deep bond with gold is quite noticeable in the people of Kota, especially on occasions and festivals when there is a surge in demand all around the year. To make informed buying or selling decisions, it is important to stay updated on price trends. Comparing current prices with historical data can deepen insights for the best decision-making today.
Importance of Checking Gold Rates in Kota Before Buying
Before buying gold in Kota, it’s important to check and compare the current rates. Gold prices are volatile and the transactional value gets affected so staying updated on the latest rates with good research ensures you get the best value.
Factors that Affect Gold Prices in Kota
Gold prices in Kota depend on varied external factors that include:
- Demand and Supply: The global demand-supply forces influence the gold price in Kota and there is a rise in the gold prices.
- US Dollar: The value of the US dollar impacts the 22-karat gold prices in the markets. The US dollar influences gold prices extensively compared to any other currency.
- Margin: Kota’s gold rate margins are influenced by the markup of the local jewellers
- Interest Rates: Fluctuations in interest rates impact investment likings. Higher interest rates can have fewer buyers of gold compared to other options, potentially lowering its price, whereas lower interest rates can increase demand for gold as an alternative investment.
How are Kota’s Gold Prices Determined?
Gold buying is a tradition in Kota and the residents have a strong preference for gold, particularly 916 hallmark-certified gold, with a special demand for this standard. As a mark of the genuineness and purity of your gold purchase, check for the BIS hallmark. For the current price of 916 gold in Kota and more information on 916 hallmark gold, see the following information:
- International Gold Price: The international gold market influences domestic prices. The prices in Kota are impacted as well. Added to this is the markup of the local jewellers who import the gold to the city at that rate.
- Demand and Supply: Local gold prices can be particularly influenced by seasonal demand like festivals, weddings, and investment trends. When demand rises due to these reasons, it often results in higher gold prices.
- Purity: Gold marked as 916, certified for its purity, gets a different price compared to other variants like 18-karat or 24-karat gold.
Evaluate Gold Price in Kota with Purity and Karats Method
An accurate evaluation of a gold item's value requires a specific precise procedure based on current market prices. The following formulae can assist in calculating the gold price in Kota.
- Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
- Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100
This method can be used when you are applying for a gold loan in Kota.
Reasons Why Gold Rates Differ Between Kota and Other Cities
Gold rates differ from city to city due to changes in demand, margins, and conveyance costs. Taxes. There are other factors like the economy of the place and its trade dynamics. Kota’s gold market is influenced by specific factors that cause price differences compared to other cities. Key effects on gold prices in this region include:
- Import Costs: International gold prices and local jeweller markups contribute to variations in gold rates between cities.
- Local Demand: Domestic demand for gold can affect prices, with higher demand leading to increased rates.
Techniques to check the purity of gold
Some preliminary techniques to check the purity of gold are easy to perform but professional gold assayers can provide a more accurate assessment:
- Visual Inspection: Look for hallmark stamps that certify the gold's purity with a magnifying glass.
- Physical Characteristics: To check the purity of gold a discoloration or unusual lightness may suggest impurities.
- Magnetic Test: A simple magnet test can help differentiate real gold which is nonmagnetic from magnetic metals.
- Chemical Testing: Nitric acid testing can confirm gold purity. However, it is recommended for professionals due to chemical handling.