Sangli is a metropolitan town and the headquarters of Sangli District in Maharashtra. Nicknamed "Turmeric City of India" for being the hub of Asia's largest production and trade of this spice. Sangli houses many sugar factories and is a historical landmark due to the Ganesha Temple visited by thousands of pilgrims. Being the epicentre for worldwide trade, the economy is booming in the city. A pilgrimage destination, Sangli experiences a multitude of cultures and economic activities. Vibrant markets, trade transactions, and commerce driven by both local and visiting traders and pilgrims see an obvious surge in the demand for gold prices in the city. If you are planning to visit Sangli and wish to buy or sell gold in its exciting market, check the gold prices and avail of the best loan quantity
Gold Price in Sangli for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Sangli - (Today & Yesterday)
To find the price of 22-carat gold in Sangli, check the gold price in the market. Go through the details provided below for a better understanding:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,029 | ₹ 6,988 | ₹ 42 |
| Gold rate for 10 gram | ₹ 70,294 | ₹ 69,879 | ₹ 415 |
| Gold rate for 12 gram | ₹ 84,353 | ₹ 83,855 | ₹ 498 |
Today 24 Carat Gold Price Per Gram in Sangli - (Today & Yesterday)
Additionally, check the 24K gold rate per gram in Sangli by following the table given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,674 | ₹ 7,629 | ₹ 45 |
| Gold rate for 10 gram | ₹ 76,740 | ₹ 76,287 | ₹ 453 |
| Gold rate for 12 gram | ₹ 92,088 | ₹ 91,544 | ₹ 544 |
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 Sangli For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 29 Nov, 2024 | ₹ 7,029 | ₹ 7,674 |
| 28 Nov, 2024 | ₹ 6,987 | ₹ 7,628 |
| 27 Nov, 2024 | ₹ 6,977 | ₹ 7,617 |
| 26 Nov, 2024 | ₹ 6,933 | ₹ 7,569 |
| 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 |
Monthly and Weekly Trends of Gold Rate in Sangli
A trading hub, Sangli's weekly and monthly gold parameters move based on the principal gold rate. If you see, the gold rate in Sangli today is as per the current market rate in the city and related to the bulk of gold bought or sold. The weekly and monthly gold trends are stable and rising in Sangli.
Gold Price Calculator in Sangli
Gold value: ₹ 7,029.40
What is the current trend in the Gold Price in Sangli?
The growing economy enforces a constant demand for gold in the city of Sangli all-round the year with periodic fluctuations. In a vibrant market like Sangli, it is always better to know the market consequences related to gold buying and selling here. For evaluation of gold prices today in Sangli, you can also differentiate the current gold price with the historical data of the same city.
Importance of Checking Gold Rates in Sangli Before Buying
It is a wise idea to check the gold rates in the city before buying or selling gold. You are expected to do your homework on research in the city on gold prices so that you save your hard-earned money by not getting into irrational gold trading practices. Always look for the best deal when buying gold as per current market rates as the market is volatile and the transaction value simply gets affected.
Factors that Affect Gold Prices in Sangli
In Sangli the price of gold is reliant on some external factors, so it's essential to check the gold prices. These factors include:
- Demand and Supply: Depending greatly on the demand-supply dynamics, Sangli’s gold prices get impacted and as a result, the prices rise extremely.
- Price of US Dollar: The US dollar influences the 22 Karats gold prices heavily in the markets. No other currency is a determinant for gold prices like the US dollar.
- Margin: The gold rate margins in Sangli are influenced by the gold taxes levied by the local jewellers
- Interest Rates: The frequent trading dynamics in Sangli impact the interest rates on gold and fluctuation is the main reason besides gold buying and selling.
How are Sangli’s Gold Prices Determined?
A seat of dynamic trading transactions, Sangli’s residents have a deep fondness for gold investments. For the long future of their gold kitty, people have a keen eye on the quality of gold they acquire that is focused on its purity 100%. So, the obvious choice of the people is 916hallamrk gold at the price at which it is purchased in Sangli. They confirm the 916-hallmark gold they buy has the certification from BIS (Bureau of Indian Standards). If you need to know further about 916 hallmark gold, look up the information given below:
- International Gold Price: The local jewellers fix a tax on the gold price in Sangli and this sets the price of the international markets at which rate the local jewellers import gold to the city.
- Demand and supply: The pricing of gold is always supported by the demand-supply forces and this is instrumental in setting the gold price in international markets overall.
- Purity:The market is impacted by the hallmark gold in comparison to other variants like 18 karats and 24 karats.
Evaluate Gold Price in Sangli with Purity and Karats Method
If you are buying or selling gold, it's very important to check the purity to save you from fraudulent practices prevailing in the gold market. Be very sure of its evaluation process to confirm its genuine value as per market prices.
For authentic information on the method to check gold prices in Sangli, 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
For applying for a gold loan in Sangli, besides buying or selling gold, you need to know about two methods for using those. They shall help examine gold prices in Sangli.
Reasons Why Gold Rates Differ Between Sangli and Other Cities
Every city is unique by itself due to a variety of features that shape its identity and character. Sangli has a rich turmeric trade worldwide and is a great pilgrimage centre. The culture is completely different here compared to other cities in Maharashtra and so are its gold rates. The buying and selling of this yellow metal in Sangli is different from that of Solapur. The other factors that also impact the gold prices here are:
Import Price: The import of gold in Sangli is determined by the changes in the international gold rate. And also, the tax imposed on the gold by local jewellers makes gold pricier.
Volume: Increase in demand shows a dip in the market on gold prices and that changes completely if there is a slack in demand.
Techniques to check the purity of gold
There are some simple techniques to check the purity of gold. If you need more clarity you must seek the help of a professional jeweller or a gold assayer.
- Probe the gold for any hallmarks or stamps to confirm the purity with a magnifying glass.
- A visual inspection will point out any damage that can result in discoloration or tarnishing of the gold.
- A simple magnetic test is an easy way to check the purity of gold. Pure gold is non-magnetic and only this is good enough to confirm the purity in a magnetic test.
- Perform a nitric test to check the purity of gold. This test is a bit difficult to perform alone, so it is better to call a professional gold dealer to handle this test as it involves chemicals.