Malda known as English Bazar is a city known for its mangoes and mulberries. Malda has a colonial past and maintains its tradition in culture and education to this day. Earlier it was a centre for rice, jute, and silk industries, and the trade induced a lot of exchanges in wealth among the people. The tradition of buying gold still goes on and the new generation feels investment in gold is a safe choice. The city has good economic growth due to its mango and mulberry exports and this is why gold prices are always in high demand in Malda. If you are visiting this city rich in traditional architectural structures and think of investing in gold buying or selling, evaluate the price of gold in Malda as it will fetch you the best loan amount.
Gold Price in Malda for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Malda - (Today & Yesterday)
If you want to buy the 22-carat gold rate in Malda, check the gold price in the market. Follow the details provided below for a better understanding:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,147 | ₹ 7,173 | ₹ -26 |
| Gold rate for 10 gram | ₹ 71,474 | ₹ 71,730 | ₹ -256 |
| Gold rate for 12 gram | ₹ 85,769 | ₹ 86,076 | ₹ -307 |
Today 24 Carat Gold Price Per Gram in Malda - (Today & Yesterday)
You need to check the 24K gold rate per gram in Malda by following the table given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,803 | ₹ 7,831 | ₹ -28 |
| Gold rate for 10 gram | ₹ 78,028 | ₹ 78,308 | ₹ -280 |
| Gold rate for 12 gram | ₹ 93,634 | ₹ 93,970 | ₹ -336 |
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 Malda For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 14 Jan, 2025 | ₹ 7,147 | ₹ 7,802 |
| 13 Jan, 2025 | ₹ 7,173 | ₹ 7,830 |
| 10 Jan, 2025 | ₹ 7,146 | ₹ 7,801 |
| 09 Jan, 2025 | ₹ 7,109 | ₹ 7,761 |
| 08 Jan, 2025 | ₹ 7,086 | ₹ 7,736 |
| 07 Jan, 2025 | ₹ 7,064 | ₹ 7,712 |
| 06 Jan, 2025 | ₹ 7,068 | ₹ 7,716 |
| 03 Jan, 2025 | ₹ 7,099 | ₹ 7,750 |
| 02 Jan, 2025 | ₹ 7,060 | ₹ 7,707 |
| 01 Jan, 2025 | ₹ 7,015 | ₹ 7,658 |
Monthly and Weekly Trends of Gold Rate in Malda
Malda’s weekly and monthly gold movements are based on its main gold rate because Malda is well known for its economic health. The gold rate today in Malda is as per the current rate in the state and on the amount of gold traded in the city. Malda’s weekly and monthly trends are encouraging and the demand is stable.
Gold Price Calculator in Malda
Gold value: ₹ 7,147.40
What is the current trend in the Gold Price in Malda?
The gold demand in Malda is always high throughout the year with regular fluctuations. When buying or selling gold in this city you need to be aware of the current effects in the market. Today gold prices can be evaluated in Malda. You can even compare the current gold price with the past data of the same city.
Importance of Checking Gold Rates in Malda Before Buying
Check gold rates in Malda if you want to buy and sell gold in the city. For deciding to invest in gold, you need to do thorough research on gold prices in the market so that you can use your precious money judiciously. With a better knowledge of gold prices in markets, you will get a better deal as rates keep fluctuating often and this affects the exchange rate.
Factors that Affect Gold Prices in Malda
In Malda the price of gold depends on some external factors, so it's best to check the gold prices. These factors include:
- Demand and Supply: The country’s demand-supply forces have a direct impact on the gold prices in Malda. This makes the gold prices volatile.
- Price of US Dollar: The US dollar is a major determinant for 22 Karats gold prices in Malda. The price of gold is impacted by the US dollar in comparison to other currencies.
- Margin: Gold taxes imposed by the local jewellers is a factor of the margins in gold rates in Malda.
- Interest Rates: The interest rates on gold are impacted in the city because of price fluctuation and trading of gold.
How are Malda’s Gold Prices Determined?
Malda with its economic growth and being a conservative society, residents have the attraction of investing in gold. To acquire the best quality of gold, people have a natural inclination towards 916 hallmark gold as it symbolizes purity. People buy the 916-hallmark gold at the price at which it is available in the city. Ensuring that the gold they purchase has a certification from BIS (Bureau of Indian Standards). To know more about 916 hallmarked gold, you can check the following information.
- International Gold Price: Gold prices in Malda gold are controlled by local jewellers after imposing a duty on the international gold price at which the jewellers import the gold to Malda.
- Demand and supply: The supply-demand statistics impact gold prices and also indicate its pricing. The volume of gold traded in Malda affects the pricing of gold in total.
- Purity: The 916 hallmarked gold impacts the market price more than other variants like 18 karats and 24 karats.
Evaluate Gold Price in Malda with Purity and Karats Method
Checking purity is crucial when buying or selling gold. This is prevalent with gold buyers everywhere. There is no two ways to evaluate gold accurately to determine its genuine value based on its market prices. For more information on the method to check gold prices in Malda, see the following:
- Purity Method (Percentage): Gold Value = (Gold’s purity x weight x gold rate) / 24
- Kara’ s Method: Gold value = (Gold’s purity x weight x gold rate) / 100
Besides gold buying, if you wish to apply for a gold loan in Malda, you need to know about two methods for using those. They shall help examine gold prices in Malda.
Reasons Why Gold Rates Differ Between Malda and Other Cities
Cities are unique, each one has a distinct history, culture, geography, and community, offering diverse experiences and characteristics that set it apart from any other. Malda has its flavour. Gold too is different from one city to the other as buying and selling dynamics differ from city to city. Other factors that are also important are given below:
Malda is a different city with its character and culture as opposed to other cities. In a distinct economic bandwidth, Malda ‘s growth is very different from that of other cities close or far. Likewise, gold rates and trading are different in Malda as compared to other cities. Some more factors that control the gold prices are:
- Import Price: The import of gold in Malda is determined by the fluctuations in the international gold rate. Additionally, the tax imposed on the gold by local jewellers makes the yellow metal pricier.
- Volume: A rise in demand results in the low price of gold and on the other hand and vice versa
Techniques to check the purity of gold
The purity of gold is checked using some simple techniques. In case of more accuracy, you can consult a professional jeweller or gold assayer.
- Investigate with a magnifying glass for any hallmarks or stamps to establish the purity of gold
- For confirming any damages, a visual inspection could be helpful to identify any discoloration or tarnish on the gold.
- Perform a simple magnetic test to confirm the purity of gold. Pure gold is non-magnetic and this test is a smart one.
- Call a professional gold dealer to do the nitric test to confirm the purity of gold. For you to do it alone is a bit hazardous as it involves chemicals.
- A nitric test is a useful one to check purity. But call a professional gold dealer for it as you would not like to mess around with acidic chemicals and get hassled.