Solapur, a typical Maharashtrian village well-known for its temples and heroic forts, offers tourists a calm and quiet ambiance worldwide. It is the 4th largest city in Maharashtra. Solapur has a diverse culture. Marathi is the major language but people also speak Telugu, Kannada, and Urdu. It is famous for its textile and handloom industry. Cotton units dot the city and the cotton dhoti, chaddar and towels are world-famous.
Tourism is of great importance as the famous Vithoba temple, and Siddeshwara temple attract pilgrims to this city around the year. Bustling with pilgrims and a flourishing textile industry, Solapur’s economy is vibrant and far-reaching for the growth of this city. In this commerce-driven economy, witnessing an increase in demand for gold is a given. On your visit to this lively city, you may look for buying or selling gold, it would be good to check the gold rate before you buy gold to get the best loan amount for your needs.
Gold Price in Solapur for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Solapur - (Today & Yesterday)
If you wish to buy a 22-carat gold rate in Solapur, find the gold price in the market. Go through the details provided below for a clear understanding:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 6,950 | ₹ 6,852 | ₹ 98 |
| Gold rate for 10 gram | ₹ 69,500 | ₹ 68,524 | ₹ 976 |
| Gold rate for 12 gram | ₹ 83,400 | ₹ 82,229 | ₹ 1,171 |
Today 24 Carat Gold Price Per Gram in Solapur - (Today & Yesterday)
You may also check the 24K gold rate per gram in Solapur by seeing the table given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,587 | ₹ 7,481 | ₹ 107 |
| Gold rate for 10 gram | ₹ 75,873 | ₹ 74,808 | ₹ 1,065 |
| Gold rate for 12 gram | ₹ 91,048 | ₹ 89,770 | ₹ 1,278 |
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 Solapur For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 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 |
| 07 Nov, 2024 | ₹ 7,033 | ₹ 7,678 |
| 06 Nov, 2024 | ₹ 7,157 | ₹ 7,813 |
| 05 Nov, 2024 | ₹ 7,196 | ₹ 7,856 |
Monthly and Weekly Trends of Gold Rate in Solapur
A place with a thriving economy, Solapur’s weekly and monthly gold gradients are based on the main gold rate. See the gold rate in Solapur today and you will notice that it is at par with the current market rate in the city and the volume of gold buying and selling in the city. There will be a steady rise in the weekly and monthly gold trends in Solapur.
Gold Price Calculator in Solapur
Gold value: ₹ 6,950.00
What is the current trend in the Gold Price in Solapur?
The flourishing trade in Solapur induces a continuous demand for gold in the city annually with fluctuations in the market. You need to be careful of gold prices in this business city that is linked to the gold trading done here. The past data and the current gold price need to be compared in Solapur to judge the current trend.
Importance of Checking Gold Rates in Solapur Before Buying
As gold buying is a special activity, checking the gold rates before buying gold is essential. Conduct thorough research on gold prices in the city so that you pay your hard-earned money judiciously. The more effort you make to be more knowledgeable on the current market rates, the better deals you acquire. The current volatile market rates should not affect your transactions.
Factors that Affect Gold Prices in Solapur
In Solapur the gold price depends on external factors, so it's essential to check the gold prices. These factors are:
- Demand and Supply: The increase in Solapur’s gold prices is directly proportional to the demand and supply mechanism in the market.
- Price of US Dollar: US dollars impact the gold prices like no other currency. So, the 22 Karats gold prices also get impacted by the US dollar extensively.
- Margin: Solapur’s gold rate margins fluctuate with the duties imposed by local jewellers.
- Interest Rates: Gold buying and selling dynamics in Solapur impact the interest rates on gold in the city.
How are Solapur’s Gold Prices Determined?
The economic growth of Solapur and a deep-seated cultural tradition etched in the minds of the people drive a natural fondness for gold as a safe investment. They have a penchant for collecting pure gold and only rely on 916 hallmark gold at a price that is available in Solapur. The gold they buy must have a certification from the BIS (Bureau of Indian Standards). For further information on 916 hallmark gold, the following information can be referred to:
- International Gold Price: The price of gold in Solapur is impacted by the international markets. The price is set by the local jewellers who fix a duty on the gold price here and it is at this rate they import gold to the city.
- Demand and supply: Gold prices are established on the demand and supply mechanisms that are influential in setting the gold price in international markets.
- Purity:18 and 24 karat gold prices vary from the hallmark gold prices in markets.
Evaluate Gold Price in Solapur with Purity and Karats Method
The gold market is rife with fake varieties so it’s imperative to check for the purity of gold when buying or selling. The genuine value of gold as per market prices needs to be confirmed with the market prices.
For more information on the method to check gold prices in Solapur, look up the following:
- Purity Method (Percentage): Gold Value = (Gold’s purity x weight x gold rate) / 24
- Karat’ s Method: Gold value = (Gold’s purity x weight x gold rate) / 100
For applying for a gold loan in Solapur, besides buying or selling gold, you need to know about two methods for using those. They shall help examine gold prices in Solapur.
Reasons Why Gold Rates Differ Between Solapur and Other Cities
Solapur has a unique character as a city and it is different from any other city, so is the gold rate in Solapur which depends on the economy of the trade here compared to any other city. The buying and selling of gold in Solapur are categorically unique to the city and stand very different from other cities. Some more factors also impact the gold prices here:
- Import Price: Gold import in the city is linked with the international gold markets and the rates influence the import in Solapur. The price is also influenced by the tax imposed on the gold by local jewellers making it higher.
- Volume: With an increase in demand a fall in prices is observed whereas in the case of slack in demand for the yellow metal surges.
Techniques to check the purity of gold
Try some simple techniques to check the purity of gold. If you need more accuracy, you can consult a professional jeweller or a gold assayer.
- For any hallmarks and stamps begin checking with a magnifying glass to confirm the purity of gold.
- Any discoloration or tarnishing can help locate damages on gold if a visual inspection is done.
- A magnetic test is used to confirm the purity of gold on the findings that pure gold is nonmagnetic. The test is as simple as that.
- A nitric test can be useful to establish the purity of gold. Let a professional gold dealer help you perform the test as it is a bit hazardous and involves chemicals.