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

Gold, a revered and sought-after metal globally, transcends being a mere commodity, symbolizing wealth, cultural significance, and a hedge against economic uncertainties. Patna, the capital city of Bihar, is one of the major markets for gold in India. The demand for gold in Patna is influenced by various factors, such as festivals, weddings, economic conditions, global trends, and local preferences. Today, we will discuss everything you need to know about the gold rate in Patna, including the current price, the difference between various karats, the factors that affect the price, the GST impact, the current trend, and the tips for buying gold in Patna.

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

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

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

Gram	Today	Yesterday	Price Change
Gold rate for 1 gram	₹ 7,213	₹ 7,167	₹ 46
Gold rate for 10 gram	₹ 72,130	₹ 71,672	₹ 458
Gold rate for 12 gram	₹ 86,556	₹ 86,006	₹ 550

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

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

Gram	Today	Yesterday	Price change
Gold rate for 1 gram	₹ 7,875	₹ 7,825	₹ 50
Gold rate for 10 gram	₹ 78,745	₹ 78,245	₹ 500
Gold rate for 12 gram	₹ 94,494	₹ 93,894	₹ 600

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 Patna For The Last 10 Days

The gold rates in Patna have exhibited a consistent upward trend over the last 10 days, influenced by factors including international trends, fluctuations in Indian rupee exchange rates, local market demand and supply dynamics, and governmental levies. Following is the table indicating the gold rate in Patna for the past 10 days:

Day	22K Pure Gold	24K Pure Gold
29 Oct, 2024	₹ 7,213	₹ 7,874
28 Oct, 2024	₹ 7,167	₹ 7,824
25 Oct, 2024	₹ 7,146	₹ 7,801
24 Oct, 2024	₹ 7,167	₹ 7,824
23 Oct, 2024	₹ 7,208	₹ 7,869
22 Oct, 2024	₹ 7,167	₹ 7,825
21 Oct, 2024	₹ 7,164	₹ 7,821
18 Oct, 2024	₹ 7,090	₹ 7,741
17 Oct, 2024	₹ 7,035	₹ 7,681
16 Oct, 2024	₹ 7,012	₹ 7,655

Monthly and Weekly Trends of Gold Rate in Patna

Below is a graph showing the trend of gold rate in Patna:

Gold Price Calculator in Patna

Gold amount

gm 10gm

Gold value: ₹ 7,213.00

Gold Rate in Top Cities

‌

What is the Current Gold Rate Trend in Patna?

The gold rate in Patna changes every day, and it is difficult to forecast what it will be tomorrow. But you can the graph to see the trend of the gold rate in Patna. By looking at it, you can get an idea of how the gold rate is varying.

Importance of Checking Gold Rate Today in Patna Before Buying

It is important to check the gold rate today in Patna before buying gold, as it helps to compare the prices offered by different sellers and to negotiate a better deal. Checking the gold rate today in Patna also helps to avoid paying extra charges or taxes, as some sellers may charge higher rates than the prevailing market rates. Moreover, checking the gold rate today in Patna helps to track the gold price movements and to plan the purchase or sale of gold accordingly.

Factors that Affect the Gold Prices in Patna

Numerous intricate factors contribute to the fluctuations in gold prices in Patna:

Currency Fluctuations: The exchange rate between the Indian rupee and the US dollar significantly impacts gold prices in Patna.
Demand and Supply Dynamics: Variations in gold demand during festive seasons or economic conditions directly affect prices.
Interest Rates: Higher interest rates tend to diminish gold demand due to the opportunity cost.
Local Market Dynamics: The influence of jewellery associations, retailers, and local preferences on gold pricing.
Inflation and Global Conditions: Gold's allure as a safe haven asset escalates during periods of economic uncertainties, thereby influencing demand and price.

How is Gold’s purity determined?

The karat system is a common way to measure the purity of gold in India, which goes from 1 to 24, where 24 karats mean pure gold. The purity is shown as a fraction of pure gold to the total amount of metal in the alloy. To check the purity of gold, Indian jewellers usually use a hallmarking system, which is overseen by the Bureau of Indian Standards (BIS). Hallmarks have the BIS logo, karat purity, the jeweller’s identification mark, and the year of hallmarking, giving customers assurance about the declared purity of their gold purchases.

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

If you want to buy gold in Patna, you should know how to calculate the 1-gram gold price in Patna today. This will help you to compare the prices offered by different jewellers and get the best deal. Here are the two methods to calculate the gold price and their formulas:

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

You can also use these methods to find out the gold rate in Patna based on other factors such as the quality of the gold items, the demand and supply in Patna, and current gold rate in Patna. Besides buying and selling gold in Patna, you can also use these methods to know its value before taking a gold loan.

Reasons Why Gold Rates Differ Between Patna and Other Cities

The gold rates in Patna and other cities depend on various factors, such as the international gold price, the rupee exchange rate, the local demand and supply, the transportation costs, the local taxes and duties, the retailers’ margin, the local jewellery associations, the purchase price of gold, and the macroeconomic conditions.