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Gold Rate In Ranchi Today

Jharkhand's capital city of Ranchi is one of the best places in Eastern India to buy gold. Gold has a long history in the city, and the yellow metal is in high demand. As the most populous city in Jharkhand, Ranchi's gold rate may be used as a benchmark for gold prices throughout the whole state. Ranchi's gold rate is influenced by a number of domestic and international variables.

In the city, there are many merchants and traders who sell gold. Due to the city's long-standing gold market, buyers frequently have a wide range of possibilities. Due to Ranchi's status as a hub of regional commerce, many consumers from both urban and rural areas choose to do their gold buying there.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹68,690₹73,570
Visakhapatnam ₹68,690₹73,570
Udupi ₹68,620₹73,470
Thrissur ₹68,680₹73,570
Shimoga ₹68,620₹73,480
Salem ₹68,710₹73,450
Ranchi ₹68,850₹73,630
Patna ₹68,600₹73,580
Nellore ₹68,660₹73,590
Nagercoil ₹68,740₹73,460
Kolhapur ₹68,700₹73,510
Nanded ₹68,740₹73,510
Ahmednagar ₹68,700₹73,510
Latur ₹68,700₹73,510
Amravati ₹68,700₹73,510
Solapur ₹68,730₹73,530
Jalgaon ₹68,700₹73,510
Thane ₹68,730₹73,560
Nashik ₹68,710₹73,540
Nagpur ₹68,720₹73,510
Pune ₹68,730₹73,510
Madurai ₹68,710₹73,480
Varanasi ₹68,610₹73,460
Ghaziabad ₹68,600₹73,490
Jhansi ₹68,600₹73,490
Gorakhpur ₹68,600₹73,490
Allahabad ₹68,600₹73,490
Meerut ₹68,640₹73,460
Raipur ₹68,850₹73,480
Lucknow ₹68,600₹73,490
Latur ₹68,700₹73,510
Kurnool ₹68,670₹73,580
Kozhikode ₹68,700₹73,580
Rourkela ₹68,600₹73,530
Berhampur ₹68,600₹73,530
Cuttack ₹68,600₹73,530
Kolkata ₹68,600₹73,530
Kolhapur ₹68,700₹73,510
Karur ₹68,730₹73,440
Kakinada ₹68,670₹73,600
Jhansi ₹68,600₹73,490
Jalgaon ₹68,700₹73,510
Udaipur ₹68,550₹73,570
Jodhpur ₹68,520₹73,570
Jaipur ₹68,500₹73,590
Khammam ₹69,050₹73,470
Nizamabad ₹69,050₹73,470
Karimnagar ₹69,050₹73,470
Hyderabad ₹69,050₹73,470
Gurgaon ₹68,510₹73,570
Gulbarga ₹68,620₹73,470
Gorakhpur ₹68,600₹73,490
Ghaziabad ₹68,600₹73,490
Faridabad ₹68,550₹73,550
Erode ₹68,710₹73,490
Cuttack ₹68,600₹73,530
Coimbatore ₹68,710₹73,460
Chennai ₹68,700₹73,400
Shimla ₹68,800₹73,550
Jammu ₹68,680₹73,480
Amritsar ₹68,550₹73,550
Ludhiana ₹68,600₹73,520
Chandigarh ₹68,550₹73,550
Bhubaneswar ₹68,600₹73,540
Belgaum ₹68,610₹73,490
Amritsar ₹68,550₹73,550
Amravati ₹68,700₹73,510
Ambala ₹68,530₹73,580
Allahabad ₹68,600₹73,490
Ahmednagar ₹68,700₹73,510
Ratlam ₹68,990₹73,580
Jabalpur ₹68,970₹73,580
Surat ₹68,580₹73,490
Bhopal ₹68,950₹73,570
Indore ₹69,000₹73,570
Ahmedabad ₹68,550₹73,480
17-Apr-2024
Gold Price in Ranchi
₹73,630/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹68,850₹73,6300.0%
Yesterday₹68,850₹73,630+1.1%
Above Price as per 10 gm
gold_img
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Today 22 Carat Gold Rate in Ranchi

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,885₹55,080₹68,850₹6,88,5000.0%
Yesterday Price₹6,885₹55,080₹68,850₹6,88,500+1.18%

Today 24 Carat Gold Rate in Ranchi

Day1 gram8 gram10 gram100 gramChange
Today Price₹7,363₹58,904₹73,630₹7,36,3000.0%
Yesterday Price₹7,363₹58,904₹73,630₹7,36,300+1.1%

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Best Places To Buy Gold In Ranchi

Ranchi has a highly well-established linguistic and artistic tradition. Its residents are supposed to have extremely basic tastes and lead modest lives, yet gold jewellery is considered to be an auspicious element of their daily lives. So, listed below are some of the top locations in Ranchi where you may buy gold -

  • Bluestone Jewellery - A prestigious hallmark for beautiful jewellery is bluestone. The business was established in 2011 and quickly gained popularity among the general public because of its distinctive "Try at Home" service. On the website, you may schedule an appointment to try on the jewellery of your choosing before purchasing it. On the website, customization services are also offered with 30-day return conditions.
  • PC Jewellers - Since most people are already familiar with this brand of traditional and modern precious jewellery, PC Jewellers doesn't need to be introduced. The BS hallmark verifies that each and every piece of jewellery on the website is authentic. You may find enticing discounts, seasonal promotions, and remarkable selections at PC Jewellers.
  • Tanishq Jewellery - The greatest modern and traditional jewellery may be found at Tanishq, another well-known jewellery company in India. You may order the genuine Tanishq items from their website in the comfort of your home to receive their genuine jewellery assortment. The well-known company collaborates with several regional showrooms and other companies, which gives their collection a distinctive feel.
  • NBFCs - Gold is sold by trustworthy NBFCs like IFCI Limited, Aditya Birla Finance, and others in addition to jewellery stores.

Gold Rate / 10g in Ranchi for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
17-Apr-2024₹68,850+0.0₹73,630
16-Apr-2024₹68,850+800.0₹73,630
15-Apr-2024₹68,050+100.0₹72,830
14-Apr-2024₹67,950+0.0₹72,730
13-Apr-2024₹67,950+550.0₹72,730
12-Apr-2024₹67,400+0.0₹72,180
11-Apr-2024₹67,400+200.0₹72,180
10-Apr-2024₹67,200+350.0₹71,980
09-Apr-2024₹66,850+100.0₹71,630
08-Apr-2024₹66,750+450.0₹71,530
07-Apr-2024₹66,300+1050.0₹71,080
06-Apr-2024₹65,250+0.0₹70,030

Historical Gold Rates in Ranchi

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹56,600₹63,870

Gold As An Investment

One advantage of possessing gold as an asset is because it might be quickly monetized, if necessary, perhaps by a direct sale or by taking out a loan upon it. Gold is also more liquid than other assets, such as real estate. The fact that one cannot rely on gold to maintain its value should be made clear to everyone. The factors of supply and demand have an impact on gold's price, just like they do with any alternative financial asset or investment. Following are some of the benefits of gold as an investment -

  • Helps During Inflation - Gold has several benefits, including the potential to protect you against inflation despite price fluctuations. Even while interest rates are still historically low, the bulk of bank accounts do not actually increase in value. As opposed to this, gold retains its value throughout time and can still be traded for a fixed quantity of money, regardless of how rapidly inflation takes place.
  • Stable Valuation - Gold's value is complicated. It is restricted and unusual. It also possesses a fairly prolonged shelf life before corroding or degrading and is quite stable. Although there is often fresh gold mined, the majority of it is utilised in jewellery or other commercial applications. This implies that neither there will ever be enough gold to satisfy everyone's needs nor that the gold that is already in use will degrade or vanish. There is value in actual gold by itself. It's worth can never be zero, unlike stocks or digital cash.
  • Risks - Purchasing gold may help you protect your money and keep it safe, which increases its value during difficult economic times like the one we are now experiencing. Investors scramble to add gold to their portfolios when significant political events rattle the economy or banks start to seem wobbly on their foundations in order to ensure they still have a firm platform from which to make investments. Therefore, in these turbulent and unpredictable times, gold is a wise investment.

Things To Remember While Buying Gold In Ranchi

If you are a novice buyer of gold or a seasoned pro, there are a number of things you should be aware of. So, listed below are the things you need to while buying gold in Ranchi -

  • Hallmarked Jewellery - Metals, notably gold and silver jewellery, are authenticated using an Indian method known as BIS Hallmark. It attests that the jewellery may be in compliance with the regulations set out by the Bureau of Indian Requirements.
  • Pricing - Indian gold prices often change in response to global prices. Any change, favourable or unfavourable, in the price of decorative metal on the global market will have a direct influence on yellow metal pricing on the domestic market. The dollar's worth, interest rates, inflation rates, currency changes, levels of demand and supply, and economic circumstances are some of the factors that influence gold prices on the international market.
  • Weight - If the gold comprises any embellished objects, it's also critical to confirm the weight of the metal. When you go to the jeweller, enquire as much as you can. Because of this, buying gold is distinct from buying food. The price is relatively high since the value is rising. Conduct thorough research before making the purchase.

Factors Which Affect The Price Of Gold In Ranchi

People in India typically choose to invest in gold. Long-term investors are said to feel comfortable investing in the renowned yellow gold. But there's still a chance that the cost of gold might rise or fall. Since there are several steps involved in bringing gold from the mine to the final buyer, many factors are taken into consideration when establishing the price of gold. Following are the factors that can affect the gold price -

  • Inflation - Simply put, inflation is the decline in the purchasing power of money and is shown in an economy as a general increase in the cost of goods and services. The value of the currency decreases when inflation rates rise. The price of gold tends to be generally correlated with inflation, which simply means that higher inflation rates would most likely result in higher gold prices because the value of the currency will be declining. This may be explained by the fact that during inflationary periods, people choose to maintain money in the form of gold on the idea that because gold's value is more stable over time than that of currency, it serves as the greatest inflation hedge.
  • Interest Rates - Typically, there is an inverse relationship between interest rates and gold prices. This may be due to people believing that investing in gold will provide higher returns when interest rates are low since they find it difficult to get sufficient returns on their current savings. The price of gold rises as a result of increased demand. In contrast, people typically sell their gold and put their money in deposits as interest rates rise in an effort to improve their income. As a result, there is less demand for gold, which raises the price of gold. However, there has never been a correlation between gold prices and interest rates in the past.
  • Gold Reserves - The impact of government gold reserves on India's gold prices. In addition to their currency reserves, the Reserve Bank of India and the central banks of numerous other countries all have gold. As a result, whenever such reserves start accumulating more gold, the price of gold tends to increase due to the increased demand that results.

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FAQs

  • Where can I purchase gold in Ranchi?

    Any professional jeweller in Ranchi will sell you gold. Think about buying gold from one of the many reputable jewellers or even from a small jeweller. You must, however, be sure that the gold you buy is hallmarked and has the required paperwork and authentication.

     

  • What does Hallmark Gold mean in Ranchi?

    The Bureau of Indian Standards, often known as BIS, uses a standard to certify gold. This accreditation is known as Hallmark.

     

  • What does Ranchi’s 22 karat gold mean?

    22 carat gold is one of the standards used to gauge the purity of gold. Gold is fragile and prone to shattering when it is at its finest.

     

  • What considerations should I make while buying gold in Ranchi?

    When purchasing gold in Ranchi, you should examine a number of things, including the weight of the metal, the hallmark, and the source of the gold.

     

  • Will the price of gold in Ranchi rise or fall?

    The price of gold is influenced by a wide range of factors, such as inflation, supply and demand, interest rates, and others. Any modifications to these factors would have an effect on gold rates.

     

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