Gold is the most valued metal in India and people, especially women have a deep affinity for it. In any country, the price of gold keeps changing on a day-to-day basis across all the cities and India is no exception. The gold price in Mahbubnagar is affected by a number of factors which entails global trends as well. In Indian households, gold is considered precious and related to auspiciousness. Besides its cultural value, gold also contributes to a great investment portfolio. Owing to these reasons, it is purchased in a huge volume across the country, including Mahbubnagar. Not only physical gold, but investors have also started to trade in gold as a commodity and in gold-based derivatives through the exchanges.
Irrespective of the condition of the economy, gold consumption always remains untouched and is consumed across India. You need to be properly informed about the gold rates in Mahbubnagar if planning to invest in it. Be it gold jewelry, coins, or bars, you should always check the gold price in Mahbubnagar today beforehand. However, as mentioned above, the gold rates in Mahbubnagar oscillate daily due to different factors such as demand and supply of gold, inflation, and rupee-dollar valuation.
| Gram | Today | Yesterday |
|---|---|---|
| 1 Gram | ₹8,122.47 0.00(0.00%) | ₹8,122.47 0.00(0.00%) |
| 8 Gram | ₹64,979.76 0.00(0.00%) | ₹64,979.76 0.00(0.00%) |
| 10 Gram | ₹81,224.70 0.00(0.00%) | ₹81,224.70 0.00(0.00%) |
| 12 Gram(1 Tola) | ₹97,469.64 0.00(0.00%) | ₹97,469.64 0.00(0.00%) |
Gold rates in Mahbubnagar always differ from other cities in India. There are a number of reasons behind the same such as octroi charges, state taxes, and transportation costs. If you are looking to invest in gold in Mahbubnagar then it is in your best interest to check the Gold price in Mahbubnagar today. The city is also counted amongst some of the highest gold consumers across the country. Before purchasing gold jewelry in Mahbubnagar, one should keep in mind that along with the price of gold today as indicated on this page, there are marking charges associated with the jewelry which escalate the overall price.
| Day | 22K PURE GOLD | 24K PURE GOLD |
|---|---|---|
| 15th Dec 2024 | ₹74,455.98 0.00% | ₹81,224.70 0.00% |
| 14th Dec 2024 | ₹74,455.98 -0.14% | ₹81,224.70 -0.14% |
| 13th Dec 2024 | ₹74,556.90 -1.04% | ₹81,334.80 -1.04% |
| 12th Dec 2024 | ₹75,343.13 -1.09% | ₹82,192.50 -1.09% |
| 11th Dec 2024 | ₹76,172.80 +0.87% | ₹83,097.60 +0.87% |
| 10th Dec 2024 | ₹75,518.48 +0.61% | ₹82,383.80 +0.61% |
| 09th Dec 2024 | ₹75,057.49 +1.45% | ₹81,880.90 +1.45% |
| 08th Dec 2024 | ₹73,987.38 0.00% | ₹80,713.50 0.00% |
| 07th Dec 2024 | ₹73,987.38 -0.11% | ₹80,713.50 -0.11% |
| 06th Dec 2024 | ₹74,067.58 +0.12% | ₹80,801.00 +0.12% |
Gold rate in Mahbubnagar and the purity of the metal are evaluated by the Indian Bullion Association, and the dealers are needed to incorporate the hallmark symbol of purity in all their products. Gold price in Mahbubnagar or any other city in this regard is influenced by global implications in the global stock market. India specifically doesn't need to worry about the rise and fall of the market since we do not mine our own gold, but there are international factors that heavily influence the buying power of the importers and also of the general public.
| Day | 22K PURE GOLD | 24K PURE GOLD |
|---|---|---|
| July 1st | ₹69,789.87 | ₹76,134.40 |
| July 30th | ₹69,505.70 | ₹75,824.40 |
| Highest in July | ₹71,257.82 | ₹77,735.80 |
| Lowest in July | ₹0.00 | ₹0.00 |
| Overall Performance | falling | falling |
| Percentage Change | 0.41% | 0.41% |
Gold can be bought in different forms apart from Physical gold in Mahbubnagar. The physical form is the traditional form of gold which means the gold you buy at a jewellery shop. Other modes of gold investment include Gold bonds (sovereign gold bonds) that are government securities denominated in grams of gold. Some more convenient forms of Gold investment are Gold ETFs and gold mutual funds.
Gold Exchange Traded Funds, or Gold ETFs are open-ended mutual fund schemes that aim to track the ever-fluctuating cost of gold. 1 Gold ETF unit is equivalent to that of 1 gram of gold (99.5% pure). Gold mutual funds or gold funds, on the other hand, are open-ended funds that invest in units of a Gold Exchange Traded Fund (ETF). Both the investments can be done via Groww in a hassle-free manner.