1 gram how much

Gold Price India. Gold Price Indonesia. Gold Price Israel. Gold Price Japan. Gold Price Jordan. Gold Price Kuwait. Gold Price Lebanon. Gold Price Libya. Gold Price Macau. Gold Price Macedonia. Gold Price Malaysia. Gold Price Mexico. Gold Price Myanmar. Gold Price New Zealand. Gold Price Nigeria. Gold Price Norway. Gold Price Pakistan. Gold Price Philipines. Gold Price Qatar. Gold Price Russia.

Gold Price Saudi Arabia. Gold Price Serbia. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Gold rate today: Yellow metal trades flat at Rs 48,; silver falls Rs In the spot market, the highest purity gold was sold at Rs 48, per 10 grams while silver was priced at Rs 64, per kg on Monday, according to the Indian Bullion and Jewellers Association.

One has to probably try and figures out a way of using the existing gold that is already in circulation in the country. The one thing that has been very difficult to understand is that the nation has so much gold that is stacked up in households and it is time we explore those opportunities and release the precious metal asdemand continues to be high. The one thing that has been very difficult to understand is that the nation has so much gold that is stacked up in households and it is time we explore those opportunities and release the precious metal as demand continues to be high.

There are many measures that tend to impact gold prices in India. The foremost among these is the geo-political tensions that take place in and around.

Take the simple case of the recent Presidential elections in the United States. First, gold prices rallied sharply and then fell all over again, as investors realized that equity shares were moving ahead and they sold into gold.

It later became clear that the new President's policies maybe volatile which further saw gold prices climbing all over again. So, in short global factors may continue to keep gold prices volatile in the next few weeks. Another thing that is worth mentioning is the fact that the big determinant in how gold moves if the movement of the currency. Amongst these the most important is the US dollar. When the US dollar moves higher, gold prices tend to move lower.

However, a lot depends on the Indian currency, since it particularly relates to gold prices in India. So, you should always keep an eye on the gold prices in the country before anything else. This is a very big determinant in the prices of gold in India. Stronger rupee means cheaper gold prices, so go ahead and buy if the rupee falls.

The recent election of Donald Trump as the US President has also ensured that gold prices remain volatile. The volatility may continue into the current year and the next year as well. However, one must be a little cautious while buying into gold, as there could be some downside risks as well. At the moment it would be difficult to see what those downside risks could be.

One of the biggest risks of course would be the fast and furious pace at which the US Federal Reserve raises the interest rates in India. The faster the movement, the faster would gold prices fall. The present import duty on gold in India is 10 per cent. The government keeps altering the import duty, based on the need to curb imports from time to time.

In March once again gold imports had soared and there were reports that we may once again see some import duty intervention by the government of India. How far that is true is difficult to say. However, for the long term there is an urgent need to curb gold imports to avoid straining the current account deficit.

Any such restrictions tend to have an overall impact on gold consumption in India, given the fact that India is one of the biggest consumers of gold in the world. The last time the government raised the import duty on gold there was some resentment that we saw. We are not sure if that could be a regular phenomenon, but that is now a possibility. In any case, adding to import duties would only end-up making gold even costlier then it is today.

This is not in the best interest of consumers and is also not good for the shops that sell jewellery. This is because when demand falls, these shops that sell gold tend to be the worst affected. So, if you are looking to buy gold, do it whenever duties fall.

However, guessing when that will happen is probably the most difficult thing to do at the moment. Again, how gold import duties change is a factor of a whole lot of things including the gold price movement in India. If the prices are too high the government would intervene and cut the import duties, which would make gold prices lower all over again.

On the other hand if prices are low the government might think of hiking prices of the precious metal all over again. It is important to note that inflation does have a major impact on gold prices in India. For example, when inflation goes higher, so does interest rates.

When interest rates go higher, gold prices tend to fall. This is because, people and investors rush to sell gold and buy fixed yielding selling government securities.

So, one needs to be careful, when investing in gold. Investors must keep it is a natural hedge, against any decline in prices. If you are investing in large quantities it is better to check with experts especially your local jeweller.

However, the important thing that one should note is that what matters to the international gold markets is the interest rates in the US. When these go higher, gold prices in India tend to higher, which is why interest rates assume paramount importance in India.

Gold prices in India are once again showing signs of bouncing back in After heavy hammering of the precious metal in , gold is back and how. In India, gold rates have now surged and crossed the rs 28, mark.

It has now reached Rs 28, as international prices of the precious metal has flared. There are a few things that are working for gold in the international markets and hence in India. First, there is immense volatility in the global markets as US President Donald Trump's policies continue to remain volatile.

This has led to a risk-off trade, which is pushing gold prices higher. At some stage investors believe that we would see equities fall and gold prices rally even further. The problem right now for gold demand in India is that if prices continue to rally, we might see demand for gold falling.

When gold demand falls, it could lead to lead to prices too falling. Overall, this year has been good for the precious metal and was also good. This is when compared to the yesteryears, when rates for the precious metal have remained little change or flat. It is time to exercise some discretion before buying into gold. The chances of making money are near negative as prices have gone higher. If you are looking to purchase get some bargain deals, as at the moment, we do not see too much in terms of demand nor an upside.

How high prices will prevail during the course of the year is not predictable, hence you should buy on declines. In fact, for the last three months, we have been seeing a unlikely decline in gold prices. So, if you are looking at purchasing, we do not know what the appropriate levels would be.

For prices to go higher, there would have to be sensitive geo political impact that would make its difference felt on gold prices in India. Quantitative Easing, also popularly called QE is another factor that tends to impact gold prices in India, whether 22 karats gold or not.

Let us give a simple example. When an individual has money he would tend to buy, because he has excess money. In Quantitative Easing, what happens is that there is money supply added to the economy i order to boost consumption.

Central Banks across the globe go ahead and buy securities and this leads to excess money supply in the system. This money finds its way into gold investments across the world, thus pushing prices of the precious metal higher.

So, an increase in the QE also impacts gold prices in India today. This impact all forms of gold including the popular gold prices in India. Of course, these days there is a very little of QE happening across the globe. The US has completed its QE phase, though there is some kind of easing that is happening in countries like Japan and Europe through the central banks in those countries. What is important though is the policies in the US, since heavy demand and investments come from that country.

At the moment it looks very unlikely that we would have QE in that country. Once the global economy which is flush with money faces some liquidity problems, we could see gold prices falling in trade.

Apart from QE there are also other measures that leads to gold rallying and one should be aware of these factors. All in all, it is a long haul for gold going forward and a much wait and watch approach. With the withdrawal of QE, we may see a decline in prices of the metal. With the US now winding down its QE programme there is a possibility that we might see an impact on gold prices in India. There are many ways to check the purity of gold in India. Among these one of the popular ways to check gold is the magnetic method.

This is known to be far more convenient than other ways like acid. Just imagine for an acid test you need to carry the acid around. The magnet is far more easier as you can carry a small piece easily in your pocket. The beauty of this mechanism is that it is very easy to understand as well. The simple logic is that if gold is mixed with a metal, it will immediately get attracted to the magnet. Having said that the skin test also is quiet popular, if you hold the gold jewellery in your hands, it will discolour if it is not genuine.

On the other hand, the one that is real will never, thus showing and proving the purity of gold. This is also a relatively simple way to understand and inspect when buying gold in India. There are many factors that impact gold prices in India. The first is the international factors, which largely depend on a host of other factors. These include demand and supply for the precious metal.

Demand of course comes from places like the Gold Exchange Traded Funds, as also from the central banks in the country. Now on the supply side, if there are more discoveries and more amount of mining that is done, it leads to further selling pressure in the metal.

Now, this comes to the usual international factors that impact the prices. There are also a host of other factors that can leave you worried when it comes to gold prices in India. Among these include the various policies that the government would engage in, including the duties and taxes that are made applicable from time to time.

One interesting fact that is worth mentioning is that gold prices have always rallied giving decent returns to investors. So, it does not matter whether there is demand or not. In the long run gold has always generated enough wealth and has helped investors make some quick money. So, if you are a long term investor, it can help you make money.

However, lately the rise in the precious metal has been too fast and furious and hence returns in the future may not be forthcoming. However, it is unlikely that there would be many factors that influence gold prices and they all work in tandem with each other. How the government alter its policies is also crucial in the wake of changes that we see to the way its policies change.

Let us give an example. After the Union Budget, there were some modifications made to the excise and other duty changes that were done. This resulted in gold prices soaring higher in India and also in turn impacting the sales of jewellery in India. In fact, as we write interest rates in the US are hardening and this could impact gold prices in India.

So, you need to be a little careful of runaway rates in gold. Inflation is not a major determinant of gold rates in India today. Individuals do argue that when inflation moves higher, along with them, you also have things like gold prices going higher. In fact, the only time gold prices go lower is when inflation goes higher. Let us give you an example. This leads to a phenomenon of selling in gold, as rising interest rates means individuals rush to sell gold and buy instruments where the interest rates are higher.

This would typically be your sovereign bonds in the US. So, gold and US Bond yields move in different directions. So, those who say that inflation and gold prices move in the same direction would be getting their statement wrong. The big determinant for gold in India in would be the direction of interest rate movements in the US, which should be higher and hence the prices of gold going lower are rather high. So, watch before investing.

One thing we wish to state is that inflation in India is not a big determinant for gold prices across the world. Global inflation matters because of several reasons. The first is that inflation rise means interest rates rise, which leads to higher interest rates and hence an impact on gold prices.

So, watch for this factor very carefully. So, overall you need to watch for inflation carefully, which could push interest rates higher in the country. Gold has always attracted the fancy of people around the globe and Indians love gold.

However, you will get plenty of stories on gold, but, did you know that there is a large amount of gold that remains undiscovered. There are many estimates to show that as much as 80 per cent of the gold presently remains not discovered at all.

Now, where is this gold? Nobody seems to have an idea, but, if there is adequate gold demand, it is unlikely that we will see pressures for gold in India, given the fact that there would also be good supply. However, one of the best things that there is a lot of gold available in the world in the form of gold coins, bars and jewellery, which can be melted, so there are no issues at all with regards to the same.

How much of this is pure gold, is always the big question, given the fact that jewellery is always alloyed with gold.

Gold has created a special niche for itself. Most people consider it very simple to even sell, forget the buying of the precious metal. Let us give an example by comparing it with other asset classes. For example, it is very easy to buy and sell gold, as compared to real estate and even to some extent shares. Many individuals in the smaller towns and cities, may not even know what shares are.

But, they do not what gold is and how to sell and buy the same. This is one advantage of buying and selling gold in India. It is east to understand and hence small time investors tend to get swayed by this. In fact, we believe that this is a big niche area for the precious metal.

We advocate that you buy into gold on every dips as it is very difficult to predict prices of the metal. Apart from being a special niche as discussed, it is also bought because people enjoy hoarding the precious metal. The reason for hoarding the precious metal, is because Indians have always loved gold, and have a strong desire to own the metal.

Over the years, this has also become a tradition in many households in India, to try and buy and store gold for a marriage or a ocassion. This is also a niche for gold in India, irrespective of gold rates in India.

You can buy gold coins in India in various grams. Interestingly, you get all kinds of weight for buying gold coins. There are various other ways to also buy the precious metal. You get gold in various designs like images of different godesses as well. Before buying gold you have to ensure the purity. Ideally, you can buy gold at some of the popular centres in India. If you buy gold by credit card there is also a tax that you would end-up paying on the precious metal.

So, you need to be slightly careful. Also, if you are looking to buy the coins we suggest that you do so from the popular jeweler shops in the country.

Another option is to look at bars, but, these are likely to be pretty expensive. If you are buying gold coins a good option would also be to look at some of the banks, which also tend to supply these coins. Some of them are Swiss gold coins and the packing is pretty much tamper proof. In short, you have the option of buying from several places.

In all cases it is very important to check for purity of the metal. Also, do not forget to take a receipt while buying gold, as this may hold you in good stead, when you want to sell the precious metal.

Go only for the long term buying of the metal. We suggest that you could opt for buying gold coins through the many banks in India, as most of them provide the Swiss variety and come with tamper proof cover. According to information from the World Gold Council demand for gold from India was subdued last year.

Nonetheless, India managed to once again overtake China in terms of gold consumption. In fact, jewellery demand in India has shot up significantly in the last few years, pushing demand for gold higher.

Bulk purchases: Accordingly, it is easier to influence the silver market through large trades and purchases. Large and private institutional investors affect the price of silver through making bulk purchases. Inflation: Silver prices also depend on inflation, deflation and devaluation trends, such as changes in the value of the U. When the value of the U. Cost of mining: The cost of mining silver also impacts its price.

When the cost is high, less mining occurs, which reduces the supply. As the net amount of available silver declines, the price increases. From the past, itself Indians were fond of gold and silver. Silver is not costly as of gold, but people believe that there are many benefits associated with wearing silver jewellery.

Silver is considered as a powerful antimicrobial agent. Silver helps to fight infections. Wearing silver people can aid in cold and it also helps in flu prevention, wound healing, and more. Many people report much better sleep when wearing the silver. Eye-mask, cooling properties of the silver material etc are the reasons for this. It is proven that after wearing silver many have reported improvements in energy level.

Silver helps in internal heat regulation and circulation. Unique characters make silver the king in industrial and electrical applications. Following are some unknown uses of silver:. SilverCoat Foley catheters are used in urology to prevent urinary tract infections from catheter use.

Silver is used in Radiology. Silver needles and sutures used by surgeons to close up wounds. Silver bearing coatings prevents infections. Silver is used in photography. Silver is used in colour film photography. The light-sensitive feature of silver enables this. Silver is widely used in mirrors. Silver have reflectivity. Silver jewellery is very famous.

From the past, itself Indians are very fond of silver ornaments. Silver is used for making jewellery such as rings, necklaces, bracelets, watches, earrings, pennants, etc. Silver is commonly alloyed with other metals because pure silver is soft. Silver will be easily damaged like gold. Just by adding harder metals, we can improve the durability of silver. By adding metals designers can design ornaments that can be used every day.

Simplicity Silver jewellery is rich and simple at the same time. All people irrespective of the class and profession loves to wear silver ornaments. Less costly Silver is also a precious metal like gold. But when it comes to cost, silver is cheaper than gold. People can more afford to purchase silver. More self-esteem Silver ornaments as a nice alternative to gold since people get boundless beauty for the reasonable cost. For everyday use also, people prefer silver ornaments.

Silver is trendy Nowadays silver jewellery is considered to be more trendy. Teens and youth prefer to wear silver regardless of their style. The introduction of silver e-commerce sites is also behind this factor.

The reflecting feature is the reason behind this. Silver is the best reflector of visible light known. It is also used in dental alloys, solder and brazing alloys, electrical contacts and batteries. Silver paints are used for making printed circuits. Ductility: Silver can be beaten into extremely thin sheets Luster: Lustrous shine and is capable of a high degree of polish Malleability: Capable of being shaped or bent Conductivity: Silver is a very good electrical and heat conductor.

It has the highest electrical and thermal conductivity of any metal Solubility: Silver has the ability to be dissolved Density: Silver is a dense metal. Silver has the highest thermal conductivity of the metals. It is also very reflective, and because of this feature silver is used in photography. Indians are very interested in gift giving. Indian cultural and religious customs place significant emphasis on gift giving.

Especially in wedding, silver is a very accepted gift choice like gold. Indian silver market experiences strong demand from over 10 million Indian weddings every year. Silver is a relatively rare element found in the Earth's crust. Silver is found both in its free form and in minerals such as argentite. It is often mined with other metal ores including copper, lead, zinc, and gold.

Most of the silver mined in the United States is from the state of Nevada. The major worldwide producers of silver are Peru, Mexico, and China. Silver prices in the international markets depend on a whole lot of factors, including inflation prospects, movement of the dollar and liquidity conditions in the globe. Also, if investors are risk averse they tend to move money from equities and other risky assets to gold and silver. But silver also follows gold.

Wearing silver anklets and rings are part of our customs and traditions. There are many reasons why silver jewellery is beneficial than gold. Silver is a lighter metal.

It is easy and comfortable to wear for an extended period of time. This is an advantage over gold for silver. Silver looks good against almost every color of clothing you are wearing gold will not. Gold have a yellow color, and it won't suit everyone.

Many people prefer silver chains, and ear drops because of this nature. Whether it is gold or silver, the daily usage of ornaments will damage the metal. But comparatively, silver is a hard to damage metal and gold is very soft. Gold ornaments are more prone to warping and bending. Silver and stones are a very elegant combination. Silver look great with diamonds, rubies, emeralds, and sapphires. Use of these with silver is a popular choice of jewellery.

Use of diamonds with silver is very common today. The price one pays for gold jewelry may influence the decision to buy it as a means to display wealth.

Wearing silver jewellery can give health benefits too. Researchers say, by wearing silver ornaments, we can balance various body elements. Silver keeps the blood vessels elastic and much more. Silver is not used as jewellery in it's purest form.