gold

Today Gold Rate in Ludhiana is Rs. 47,144.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 47,144.00

( 24 Karat, 10 grams )

24 Karat, 10 grams

Gold Price for Today Rs. 47,144.00

Gold Price for Yesterday Rs. 47,270.00


22 Karat, 10 grams

Gold Price for Today Rs. 46,143.00

Gold Price for Yesterday Rs. 46,267.00

Updated: 26-05-2021 07:54:09 AM

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Gold is one of the precious yellow metals that can be owned in the form of physical gold, gold ornaments, gold coins, jewelry, and even gold bars. In Ludhiana, gold holds an incomparable value owing to its Punjabi cultural importance in weddings and festivals. These are the times when the demand for gold tend to increase. Before buying gold, it is important to know how gold will be taxed, or other important aspects regarding gold purchasing or investing in gold.

Trend of Gold Rate in Ludhiana for last 10 days



Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm

31st August 2021 Rs. 47,144.00 Rs. 46,143.00

30th August 2021 Rs. 47,270.00 Rs. 46,267.00

29th August 2021 Rs. 47,270.00 Rs. 46,267.00

28th August 2021 Rs. 47,250.00 Rs. 46,267.00

27th August 2021 Rs. 47,306.00 Rs. 46,321.00

26th August 2021 Rs. 47,334.00 Rs. 46,349.00

25th August 2021 Rs. 47,502.00 Rs. 46,518.00

24th August 2021 Rs. 47,054.00 Rs. 46,080.00

23rd August 2021 Rs. 47,082.00 Rs. 46,111.00

22nd August 2021 Rs. 47,082.00 Rs. 46,111.00

Also Check For:

Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai

Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur

How is the gold rate decided in Ludhiana?

Gold bullion dealers in Ludhiana don’t decide the gold rate rather they take the base price set by London Bullion Market Association (LBMA) and add applicable taxes as per the prevailing tax laws in the state.

Last 4 Months Trend of Gold Rate in Ludhiana.

Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,356.00
Rate on 31-July-202148,294.00
Highest Rate48,318.00
Lowest Rate47,356.00
Month PerformanceDecline
% Change-1.98 %
Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,356.00
Rate on 31-July-202148,294.00
Highest Rate48,318.00
Lowest Rate47,356.00
Month PerformanceDecline
% Change-1.98 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,165.00
Rate on 31-May-202147,165.00
Highest Rate47,165.00
Lowest Rate47,165.00
Month PerformanceRising
% Change0.00 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,165.00
Rate on 31-May-202147,165.00
Highest Rate47,165.00
Lowest Rate47,165.00
Month PerformanceRising
% Change0.00 %

How the Price of Gold is Calculated in Jewellery Showrooms?

Gold prices are derived from the London Over-the-counter market and COMEX gold futures market trading. Although the international gold rate has an impact on the gold rate in Ludhiana, the latter doesn’t affect the former one. The Indian Bullion Jewellers Association (IBJA), apex jewellery and bullion body in India, plays a key role in determining day to day gold rate in Ludhiana and across India as well. Through the given formula, one can calculate the final price of their gold jewellery:

Final price of the jewellery = Price of the gold (22/18/14 Karat)* Weight in grams + Making charges + GST at 3% on the price of (Jewellery + making charges)

GST on Gold in Ludhiana

With the implementation of GST on gold, customers would be required to pay 3% tax on gold. In addition, an additional 8% tax on the making charges and 10% of the import duty.

Gold ETFs and Gold Funds-Which one to go for?

Gold ETFs

  • Minimum one can buy is 1 unit which is equivalent to one gram. However, AMCs like Quantum also offer a half a gram option for each unit. Each unit is backed up by physical gold of 99.5 purity.
  • These funds invest 90-100% in physical gold and 0-10% in debt instruments. Hence, returns from gold ETF are mostly in line with the prices of physical gold.
  • Listed on the stock exchanges. Thus, one needs to have a demat account to start trading
  • One can sell their funds anytime during market hours. One can convert gold ETF to physical gold provided it reaches 1 kg. However, this limit varies from AMC to AMC. For e.g. in case of Motilal Oswal’s MOSt Gold shares wherein investors can redeem units for a minimum of 10 grams of gold.

Note: Investors should know the charges associated with Gold MF such as 1% will be charged as expense ratio along with brokerage and demat charges.

Gold Fund

  • They are open-ended funds that invest in gold ETF and gold savings funds.
  • One can invest through SIP in the Gold ETF; invest a fixed amount per month in gold without having a demat account. The minimum amount through which one can start SIP in Gold fund is Rs 1000.
  • Can be sold based on NAV for the day
  • Comes with the total expense ratio of  2% of the asset under management

How to check the purity of gold in Ludhiana?

If you are buying physical gold for investment or even for consumption purpose, it is recommended to buy hallmark jewellery. BIS Hallmark certifies that your gold conforms to the national and international standards of fineness and purity. That is, if you have bought, 18K gold jewellery, one can be assured that 75% is gold in your jewellery and rest is other metals. Here are the components, one must check while buying physical gold:

  1. BIS Mark
  2. Purity in Karat and fineness
    KaratFineness
    22 Karat22K916
    18 karat18K750
    14 karat14K585
  3. Assaying and hallmarking center’s Identification mark/number
  4. Jeweller’s Identification mark/number

Things to remember before investing in Gold in Ludhiana

As it is with any other investment, there are certain things one should know before investing in gold and here they are:

  • There is no lock-in period in gold investment except for sovereign gold bonds where it is 8 years with exit option available after 5 years
  • The redemption amount varies from physical gold to paper gold. In case of physical gold, it depends on the purity, weight, and fineness of gold. Whereas, in case of paper gold, the market price on the redemption date determines the amount
  • Gold is a capital asset, capital gains tax will be imposed at the time of selling except in the case of Sovereign gold bonds if kept for 8 years
  • At the time of selling your gold ornaments, making charges and GST paid won’t be recovered

Loan Against Gold in Ludhiana

To meet short term credit needs, one can use their gold to avail gold loan. All one needs to do is take the gold one is ready to pledge to the bank. Here are the top 10 banks and NBFCs offering gold loan in India you can refer to.

After evaluating the gold on the basis of net weight, purity, fineness and your repaying capacity, loan amount that can be sanctioned to you will be calculated. The gold you deposit will be kept in their high security vault and the borrower needs to repay the loan through EMIs, paying interest upfront or as stated in the agreement.

Frequently Asked Questions (FAQs)

How is the economy and gold rate in Ludhiana connected?

Many at times it is seen that the performance of the economy has a direct impact on gold rate. Consider the following instances:

  • Geopolitical turmoil, political upheaval in countries (US-China), which generally have a negative impact on other asset classes, have a positive impact on gold prices as more people prefer gold to park funds. This in return increases the demand for gold.
  • Gold usually does well during crises. For e.g, COVID-19 outbreak across the world which has resulted in gold prices to rise at all-time high.
  • When the value of currency depreciates which could be due to various reasons, people prefer to park their funds in gold due to its property to hedge against inflationary conditions
What is digital gold?

It is also referred to as a digital accumulation plan or E-gold. Powered by MMTC-PAMP and Safegold, both of them have partnered up with number of platforms and some of them are mentioned below:

  • Paytm
  • Motial Oswal (Me-Gold)
  • HDFC Securities (Digi gold)
  • GPay
  • PhonePe
  • Stock Holding
  • Freecharge

Through these platforms, any individual over the age of 18 can buy gold and can participate in a digital accumulation plan. However, one needs to be a registered customer on the platform. All s/he one needs to do is select the quantity and the same will be credited into your wallet.

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