gold

Today Gold Rate in Meerut is Rs. 47,147.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 47,147.00

( 24 Karat, 10 grams )

24 Karat, 10 grams

Gold Price for Today Rs. 47,147.00

Gold Price for Yesterday Rs. 47,273.00


22 Karat, 10 grams

Gold Price for Today Rs. 46,146.00

Gold Price for Yesterday Rs. 46,270.00

Updated: 26-05-2021 08:02:35 AM

Meerut, with its population of about 15 lakhs, is one of the largest cities in the state of Uttar Pradesh. Gold Rates in Meerut and across India are influenced by a wide range of factors such as prevailing market conditions, demand and supply ratio, strength of the currency, US Dollar- Rupee equation and more. Following is the detailed analysis of fluctuations in gold rate in Meerut.

Trend of Gold Rate in Meerut for last 10 days



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

31st August 2021 Rs. 47,147.00 Rs. 46,146.00

30th August 2021 Rs. 47,273.00 Rs. 46,270.00

29th August 2021 Rs. 47,273.00 Rs. 46,270.00

28th August 2021 Rs. 47,253.00 Rs. 46,270.00

27th August 2021 Rs. 47,309.00 Rs. 46,324.00

26th August 2021 Rs. 47,337.00 Rs. 46,352.00

25th August 2021 Rs. 47,505.00 Rs. 46,521.00

24th August 2021 Rs. 47,057.00 Rs. 46,083.00

23rd August 2021 Rs. 47,085.00 Rs. 46,114.00

22nd August 2021 Rs. 47,085.00 Rs. 46,114.00

Also Check For:

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

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

Factors Affecting Gold Rate in Meerut

The everyday fluctuations in the gold prices in Meerut as well as the whole country is because of certain factors. Some of the major contributing factors are listed below-

  • Inflation- The value of currency tends to go down when inflation rate goes up. In such times, gold is considered as an important tool to hedge against currency devaluation and inflation which impacts the price of gold
  • Rupee and Dollar Equation- International gold prices are set in dollars. It is to be noted that gold and dollar share an inverse relationship. If the dollar weakens, the gold prices will increase and vice versa
  • Political and Economic Crisis- The price of gold tends to rise during political and economic uncertainties. It is because gold is seen as a safe and reliable option and during such times, people start to invest more in gold
  • Demand and Supply Relationship- The demand and supply ratio also impacts the price of gold. If the demand is high and the supply is low, the price of gold will tend to rise
  • Policies of the Central Bank- The central bank keeps gold reserves to ensure deficit financing. If the reserves are running low, central banks can drive the rates up by placing bulk purchase orders from various sources across the globe

How is Gold Rate derived in Meerut?

The gold rate in Meerut city as well as the whole India is decided by IBJA- Indian Bullion Jewellers Association. The IBJA consists of topmost gold dealers from all over the country. The members of the association take the international price of gold as base and add import duty and other taxes to it. They then decide the rate by taking an average of the ‘buy’ and ‘sell’ quotations as provided by the well-known jewellers in the country.

Last 4 Months Trend of Gold Rate in Meerut

Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,359.00
Rate on 31-July-202148,297.00
Highest Rate48,321.00
Lowest Rate47,359.00
Month PerformanceDecline
% Change-1.98 %
Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,359.00
Rate on 31-July-202148,297.00
Highest Rate48,321.00
Lowest Rate47,359.00
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 %

GST Rate on Buying Gold in Meerut

Before implementation of GST- Before GST was introduced, 1% excise duty and 1.2% VAT along with 5% taxes on processing charges and 10% custom duty was levied on the purchase of gold. 

After implementation of GST- After GST was introduced in July 2017, 1% excise duty and 1.2% VAT was replaced by 3% GST. However 5% and 10% taxes on processing charges and custom duty respectively remains unchanged.

Difference between Hallmarked Gold Rate and Normal Gold Rate

It is to be noted that there is no difference in the rates of Hallmarked Gold and Normal Gold. Hallmark on gold is nothing but the quality certification awarded by the Bureau of Indian Standards (BIS). The hallmarked gold ensures the purity of the gold product and its quality standards.

Things to Consider before buying Gold in Meerut

If you are thinking of buying gold in Meerut or any other part of the country, below listed are some of the important parameters that should be considered-

  1. Price of the ItemThe gold rate tends to fluctuate on a daily basis due to various factors. Hence, it is significant to check the present day gold rate in Meerut or the particular location you wish to make your purchase from.
  2. Weight of the itemIt is to be noted that the price of gold increases with increase in the weight of the item. Get your gold item evaluated twice or thrice to get the correct weight.
  3. Certificate of HallmarkHallmark on gold is the quality certification awarded by the Bureau of Indian Standards (BIS) to gold. Make sure to purchase gold with hallmark certification.
  4. Purity and Fineness of GoldGold comes in different forms having different purity levels. 24K gold is considered the purest and finest among all. However, 24K gold cannot be converted into jewellery as it is too soft in form.
  5. Keep the invoiceMake sure to take the invoice of the item purchased from your seller. In this way, if you wish to resell it at some point in future you would get a fair price for the same.

Different Types of Gold in Meerut

The purity of gold is measured in a unit called ‘Karat’ or ‘Carat’. High karat value simply means high purity in gold and vice-versa. Gold is available in different varieties in terms of their karat value as listed below-

Gold in KaratPure Gold ContentSuited for
24K99.9%Making gold coins, bars or bullions. Best suited for investment purposes
22K91.6%Making gold jewellery (harder than 24K gold as it has other metals mixed with it)
18K75%Studded gold jewelleries & other diamond jewelleries are made in 18 Karat gold

Various Forms of Investment in Gold

  1. Gold Coins / Bars / Bullions- Physical gold in the form of coins, bars or bullions is the tangible gold available. This way of gold investment is one of the most common ways used by people.
  2. Gold Jewellery- Buying gold jewellery as a way of investment is one of the most convenient and popular ways used by people all over the world.
  3. Digital Gold- Digital Gold is a new and rather more transparent way to invest in physical gold online. You can buy and sell 24K gold in a dematerialised form at live market rates.
  4. ETFs- Gold Exchange Traded Funds represent physical gold but in the dematerialised form. Similar to stocks, gold ETFs are listed on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
  5. Sovereign Funds- They are government securities that are issued to people in the units of grams and are available in demat or paper form. The sovereign bonds are issued to people by the Reserve Bank of India (RBI).
  6. Gold Mutual Funds- Gold Mutual Funds are open-ended funds that invest in Gold ETFs. Investors can invest in gold ETFs anytime as per their convenience.

Frequently Asked Questions (FAQs)

Q. Is it safe to invest in digital gold?

Yes. With regards to the safety of the gold, it is stored in highly secure vaults of MMTC-PAMP. Moreover, there are no extra charges for storing gold. However, if you are choosing digital gold to be converted into gold coins, then making and delivery charges will be levied.

Q. What is the making charge on gold?

Making charges will vary depending on the type of jewellery you are planning to buy. Jewellers often quote making charges in two ways- percentage of the gold value or as a flat making charge per gram of gold. Since the percentage of these charges are not standardised, customers can negotiate here.

Q. Which one is a better option for investment- Gold coin or Gold jewellery?

Gold coins will help you fetch higher value if compared to gold jewellery as the latter comes with making charges which makes buying gold coins cheaper and more rewarding.

Q. What is the resale value of Rose Gold?

Resale value of rose gold is valued the same as any other type of gold because the cost of gold is primarily dependent on the purity or karat.

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