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Gold Rate In Varanasi Today

The city of Varanasi is regarded as one of the oldest in the whole globe. The city also claims to have been home to one of the oldest civilizations. Given that it is the most venerated city in Hindu tradition, several festivals and weddings are a regular part of life in this vivacious metropolis. Since the beginning of civilization, the city has served as a significant hub for trade, particularly in textiles. The Varanasi textile industry is well-known worldwide and a significant exporter of clothing outside of India.

The golden metal, gold, has great significance in the city's traditional culture. Varanasi has not been spared by the fact that Indian culture now places gold prices at the heart of all festive and wedding events. Let's examine some of the hottest trends now being seen in Varanasi's gold market.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹66,540₹71,420
Visakhapatnam ₹66,540₹71,420
Udupi ₹66,470₹71,320
Thrissur ₹66,530₹71,420
Shimoga ₹66,470₹71,330
Salem ₹66,560₹71,300
Ranchi ₹66,700₹71,480
Patna ₹66,450₹71,430
Nellore ₹66,510₹71,440
Nagercoil ₹66,590₹71,310
Kolhapur ₹66,550₹71,360
Nanded ₹66,590₹71,360
Ahmednagar ₹66,550₹71,360
Latur ₹66,550₹71,360
Amravati ₹66,550₹71,360
Solapur ₹66,580₹71,380
Jalgaon ₹66,550₹71,360
Thane ₹66,580₹71,410
Nashik ₹66,560₹71,390
Nagpur ₹66,570₹71,360
Pune ₹66,580₹71,360
Madurai ₹66,560₹71,330
Varanasi ₹66,460₹71,310
Ghaziabad ₹66,450₹71,340
Jhansi ₹66,450₹71,340
Gorakhpur ₹66,450₹71,340
Allahabad ₹66,450₹71,340
Meerut ₹66,490₹71,310
Raipur ₹66,700₹71,330
Lucknow ₹66,450₹71,340
Latur ₹66,550₹71,360
Kurnool ₹66,520₹71,430
Kozhikode ₹66,550₹71,430
Rourkela ₹66,450₹71,380
Berhampur ₹66,450₹71,380
Cuttack ₹66,450₹71,380
Kolkata ₹66,450₹71,380
Kolhapur ₹66,550₹71,360
Karur ₹66,580₹71,290
Kakinada ₹66,520₹71,450
Jhansi ₹66,450₹71,340
Jalgaon ₹66,550₹71,360
Udaipur ₹66,400₹71,420
Jodhpur ₹66,370₹71,420
Jaipur ₹66,350₹71,440
Khammam ₹66,900₹71,320
Nizamabad ₹66,900₹71,320
Karimnagar ₹66,900₹71,320
Hyderabad ₹66,900₹71,320
Gurgaon ₹66,360₹71,420
Gulbarga ₹66,470₹71,320
Gorakhpur ₹66,450₹71,340
Ghaziabad ₹66,450₹71,340
Faridabad ₹66,400₹71,400
Erode ₹66,560₹71,340
Cuttack ₹66,450₹71,380
Coimbatore ₹66,560₹71,310
Chennai ₹66,550₹71,250
Shimla ₹66,650₹71,400
Jammu ₹66,530₹71,330
Amritsar ₹66,400₹71,400
Ludhiana ₹66,450₹71,370
Chandigarh ₹66,400₹71,400
Bhubaneswar ₹66,450₹71,390
Belgaum ₹66,460₹71,340
Amritsar ₹66,400₹71,400
Amravati ₹66,550₹71,360
Ambala ₹66,380₹71,430
Allahabad ₹66,450₹71,340
Ahmednagar ₹66,550₹71,360
Ratlam ₹66,840₹71,430
Jabalpur ₹66,820₹71,430
Surat ₹66,430₹71,340
Bhopal ₹66,800₹71,420
Indore ₹66,850₹71,420
Ahmedabad ₹66,400₹71,330
26-May-2024
Gold Price in Varanasi
₹71,310/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹66,460₹71,3100.0%
Yesterday₹66,460₹71,310+0.07%
Above Price as per 10 gm
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Today 22 Carat Gold Rate in Varanasi

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,646₹53,168₹66,460₹6,64,6000.0%
Yesterday Price₹6,646₹53,168₹66,460₹6,64,600+0.08%

Today 24 Carat Gold Rate in Varanasi

Day1 gram8 gram10 gram100 gramChange
Today Price₹7,131₹57,048₹71,310₹7,13,1000.0%
Yesterday Price₹7,131₹57,048₹71,310₹7,13,100+0.07%

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Best Places To Buy Gold In Varanasi

Gold is well-liked not only because it is a valuable and rare metal, but also because it has many applications as an investment strategy and a way to build wealth. Gold maintains its lustre despite the market's abundance of cutting-edge financial goods because Indians really rely on it as a reliable source of investment funds. Following is a list of the best places to buy gold in Varanasi -

  • Tanishq Jewellers - Tanishq Jewellery is a well-known jeweller. To satisfy consumer demand, Tanishq Jewellery offers a wide variety of jewellery collections. The jeweller offers top-notch customer service and can create unique jewellery that meets your budget. The courteous team at Tanishq Jewellery Shop treats clients with respect. They use various saving methods known as the "golden harvest" to pay for fresh gold in instalments.
  • Hare Krishna Jewellery - In the late 1950s, Shyam Bihari Lal Agrawal founded Hare Krishna. Gold, diamonds, gemstones, and silver jewellery are all sold by Hare Krishna Jewellers. The company's straightforward objective is to understand each customer's interests and preferences in order to give them much more than what they're asking for in terms of Quality, Selection, Value for Money, and Customer Service. In order to offer the greatest jewellery-buying experience, Hare Krishna Jewellers continuously innovates. They are aware of their customers' interests and preferences. They want to provide their cherished consumers real, verified jewellery.
  • Reliance Jewels - Reliance Jewels' only goal is to satisfy its clients by giving them a seamless jewellery experience. Their openness and moral principles ensure purity, top-notch quality, and a pleasurable purchasing experience. The jewellery store has the widest selection of magnificent jewellery made of gold and diamonds and created by their skilled goldsmiths. Jewels are exchanged at a 100% current rate through Reliance Jewels.
  • NBFCs - In addition to jewellery stores, well-known NBFCs like Magma Fincorp, HDB Financial Services, and others also sell gold.

Gold Rate / 10g in Varanasi for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
26-May-2024₹66,460+0.0₹71,310
25-May-2024₹66,460+50.0₹71,310
24-May-2024₹66,410-1000.0₹71,260
23-May-2024₹67,410-1100.0₹72,260
22-May-2024₹68,510+0.0₹73,360
21-May-2024₹68,510-400.0₹73,360
20-May-2024₹68,910+500.0₹73,760
19-May-2024₹68,410+800.0₹73,260
18-May-2024₹67,610+0.0₹72,460
17-May-2024₹67,610-250.0₹72,460
16-May-2024₹67,860+1050.0₹72,710
15-May-2024₹66,810+10.0₹71,660

Historical Gold Rates in Varanasi

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹52,290₹63,200

Gold As An Investment

Originally, gold has been bought and sold as coins, bars, and jewellery. However, more avenues to deal in gold have lately become available thanks to new gold investment choices. Investors may now acquire gold-linked mutual funds and stocks. For instance, ETFs are simple financial products that combine the ease of investing in stocks with the flexibility of gold. The advantages of gold investment are numerous. Following are some of the points that have been listed below-

  • Offers Profitable Returns - Gold offers investors specific rewards over time. As a result, gold is regarded as one of the safest investment options. People employ a range of gold assets today, such as gold exchange-traded funds, sovereign bonds, and more. Consequently, there are several options accessible when investing in gold.
  • Acts As A Safety Net - Compared to other investment options like shares, gold is less volatile. This shows that gold outperforms market volatility. In actuality, gold's value fluctuates in opposition to stock prices. As a consequence, while making investments, many investors choose gold to stocks.
  • Offers Liquidity - The procedure for buying and selling gold is very straightforward. In fact, gold offers liquidity and can be traded easily in times of crisis. As a result, many people invest in gold and use it in times of need or urgent financial necessity. Gold may also be acquired with little difficulty and without any prior knowledge.

Things To Remember While Buying Gold In Varanasi

Following are the things that an individual needs to remember while buying gold in Varanasi -

  • Performance - Before selecting whether to buy gold, you should investigate the performance of each variety, including gold bonds, real gold, and more. After analysing each form's performance independently, you may choose one to invest in.
  • Security - If you want to buy genuine gold, security is your top concern. In a bank locker, you may keep valuables like gold discreetly and reduce the likelihood of theft. Therefore, it's important to consider the safest place to store your gold ornaments before making a purchase.
  • Festive Season - It's important to consider the time of year when purchasing gold because the cost of the metal may unexpectedly rise around the holidays or even during an Indian wedding. Given that demand for gold jewellery often rises around this time, there is a mismatch between supply and demand to blame.
  • Check The Buy-back Policy - You may resell the gold at various jewellery retailers and get the promised amount of money under their pay-back procedures. After examining the gold buy-back policy, it is simpler to sell gold to the same seller.

Factors Which Affect The Price Of Gold In Varanasi

Following are some of the factors that affect the gold price -

  • Inflation - The value of money typically declines when inflation is present. Since gold protects against inflation, many individuals prefer to invest in it.
  • Interest Rates - The price of gold varies inversely with interest rates. This implies that the price of gold will decline if the interest rate rises.
  • Import Duty - India is one of the biggest gold users, yet compared to other nations, it produces very little gold. Due to this, the cost of import has a significant influence on the price of gold in Indian cities. The price of gold increases significantly as import costs rise.
  • Demand And Supply - The price of gold in Varanasi is significantly influenced by the supply and demand of the metal. Anytime there is an imbalance between the supply and demand for gold, the price of gold varies as a result.

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FAQs

  • How to check for the hallmarked 916 22 karats gold in Varanasi?

    You can check the hallmark symbol on the back side of the gold ornament. 

     

  • Do I need to pay tax on bringing gold into Varanasi from abroad?

    Yes, there are additional taxes applicable when bringing gold from abroad to Varanasi.

     

  • How to check the purity of gold in Varanasi?

    The purity of gold is measured in karats, while 24 karats of gold indicate 99.9% purity, 22 karat gold on the other hand is 92% pure.

     

  • What is the difference between 22 karats and 24 karat gold?

    The difference between 22 karat and 24 karat gold is in terms of purity. 22 karat is 92% pure and 24 karat gold is 99.9% pure. 

     

  • How do you double-check your BIS hallmark in Varanasi?

    The HUID number is used to double-check the BIS Hallmark in Varanasi and elsewhere.

     

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