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Today gold rate in lucknow : Today gold rate 22 caret

Lucknow’s Gleaming Gauntlet: Unveiling Today’s Gold Rate in lucknow

Lucknow, the City of Nawabs, shimmers not just with historical grandeur but also with the captivating allure of gold. For generations, Lucknow ites have treasured this precious metal, adorning themselves with its radiance and seeking its stability as a haven for their investments. But before you embark on your own Lucknow gold adventure, understanding today’s gold rate in lucknow is key to making informed decisions.

18 Carat Gold Rate Today in Lucknow

Today 18 carat gold rate in Lucknow is Rs 4750 per gram. Gold prices fluctuate regularly in the market.

Where to buy gold in Lucknow?

There are a number of places you can buy gold in Lucknow. However, you should check gold rates in Lucknow before buying. These places include Jhande Wala Park, Gole Market Chowrah, Amindabad, Indiranagar, Alambagh etc.

The price of gold in Lucknow today is ₹ 5,870 per gram for 22 karat gold and ₹ 6,397 per gram for 24 karat gold (also called 999 gold).

Today 24 Carat Gold Rate Per Gram in Lucknow (INR)

Gram24K Today24K YesterdayPrice Change
1 gram6,3976,3970
8 gram51,17651,1760
10 gram63,97063,9700
100 gram6,39,7006,39,7000

Today 18 Carat Gold Rate Per Gram in Lucknow (INR)

Gram18K Today18K YesterdayPrice Change
1 gram4,8034,8030
8 gram38,42438,4240
10 gram48,03048,0300
100 gram4,80,3004,80,3000

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

18 Carat Gold Rate Today in Lucknow | 18 Carat Gold Price

Grams18 Carat Gold Rate Today in Lucknow18 Carat Gold Rate in Lucknow Yesterday
1 Gram₹ 3,730₹ 3,738
8 Grams₹ 29,840₹ 29,904
10 Grams₹ 37,300₹ 37,380
100 Grams₹ 3,73,000₹ 3,73,800
1kg₹ 37,30,000₹ 37,38,000
today gold price in lucknow

Factors affecting gold rates in Lucknow

  • Physical demand for Gold: In India, the Indian Bullion and Jewellers Association will fix the prices of gold. 
    The association determine rates based on the following factors:
    1. The rates are fixed by the biggest dealers in the city.
    2. The local import duty is added to the import items.
    3. The price is based on the formula of the futures market of the Multi Commodity Exchange. 
  • Demand and Supply of Gold: The Demand and the supply of gold affect the prices. Purchasing physical gold provides the most direct exposure to the gold. Gold may be demanded for ornamental purposes or investment purposes. 
  • Deterioration of mining activity: Gold mining in India, since 2013, has been very low considering the demand which is around below two metric tons. The demand for gold in India is principally met through imports. India is one of the leading importers of gold.
  • Currency fluctuations: It also influences the price of gold. Gold is traded in US Dollars in the international market. The rupee-dollar conversion impacts price.
  • Central Bank policies: Central Bank also does the sale and purchase of gold and holds reserves of gold which affect the price of gold in the market.
  • Interest rate: Interest rate and gold price have an inverse relationship with each other, with an increase in interest rate people prefer to sell gold while with a decrease in the interest rate they buy gold.

As of October 26, 2023, Lucknow’s gold market glitters with the following rates:

  • 22 karat gold: This widely preferred choice, known for its blend of affordability and durability, stands at ₹53,740 per 10 grams, showcasing a slight dip compared to yesterday.
  • 24 karat gold: For those seeking the purest gold experience, 24 karat gold gleams at ₹58,280 per 10 grams, remaining steady compared to the previous day.

Understanding the Fluctuations:

Remember, gold prices are like a captivating Lucknow qawwali – ever-changing and influenced by a symphony of factors. Global economic trends, interest rates, and geopolitical tensions all play their part in determining the metal’s value. Additionally, local making charges and the purity level can affect the final price you pay. Staying informed about these aspects equips you to navigate the market with confidence.

Where to Find Your Golden Trove:

Lucknow boasts a treasure trove of gold shops, each catering to different preferences and budgets. Renowned names like Tanishq, Senco Gold, and Malabar Gold offer standardized pricing and the assurance of quality. However, don’t shy away from exploring local jewellers known for their competitive rates and personalized service.

Beyond the Numbers: Making Smart Choices:

While price is undeniable, remember, quality is your guiding star. Always opt for BIS-hallmarked gold, the hallmark being your guarantee of purity. Be wary of unrealistic discounts and compare prices across multiple shops before making a purchase.

Golden Nuggets of Wisdom:

  • Know your purpose: Are you buying for everyday wear, festive adornment, or long-term investment? Your purpose will influence your karat preference and budget.
  • Plan your purchase: Festive seasons often see a surge in gold prices. Plan your purchase strategically to avoid inflated rates.
  • Ask questions: Don’t hesitate to clarify doubts about making charges, purity, and exchange policies. Knowledge is your armor in the gold market.

Let Lucknow’s Gold Guide You:

With this knowledge in your grasp, you can confidently navigate Lucknow’s gold market, ensuring you get the most sparkle for your rupees. Remember, buying gold is an investment not just in metal but also in the city’s rich heritage and timeless charm. So, step into Lucknow’s glittering world, armed with this guide, and let the golden magic begin!

How much is 18 karat 1 gram gold in Lucknow?

18Kt gold price in Lucknow is Rs 4750 for 1 gram.

What is the price of 1 tola gold in Lucknow?

18ct 1 tola gold price in Lucknow is Rs 47500.