Patna is an important cultural as well as financial hub of India. It observes skyrocketing sales of gold during the wedding seasons and festivities like Chhath and Karva Chauth. Here, gold is preferred not only for its ornamental value but is also viewed as a safe investment tool. The prices, however, keep fluctuating regularly depending on a gamut of domestic, as well as, international factors. Today Gold rate in Patna is ₹ 81,210 per 10 grams for 24 Carat and ₹ 74,450 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 8,121 | + ₹ 71 |
8 grams
|
₹ 64,968 | + ₹ 568 |
10 grams
|
₹ 81,210 | + ₹ 710 |
100 grams
|
₹ 8,12,100 | + ₹ 7,100 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,445 | + ₹ 65 |
8 grams
|
₹ 59,560 | + ₹ 520 |
10 grams
|
₹ 74,450 | + ₹ 650 |
100 grams
|
₹ 7,44,500 | + ₹ 6,500 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
30 October 2024
|
₹ 81,210 | ₹ 74,450 | +0.88% |
29 October 2024
|
₹ 80,500 | ₹ 73,800 | +0.82% |
28 October 2024
|
₹ 79,850 | ₹ 73,200 | 0% |
25 October 2024
|
₹ 79,630 | ₹ 73,000 | +0.14% |
24 October 2024
|
₹ 79,520 | ₹ 72,900 | -0.75% |
23 October 2024
|
₹ 80,120 | ₹ 73,450 | +0.55% |
22 October 2024
|
₹ 79,690 | ₹ 73,050 | 0% |
21 October 2024
|
₹ 79,690 | ₹ 73,050 | 0% |
17 October 2024
|
₹ 78,160 | ₹ 71,650 | +0.93% |
16 October 2024
|
₹ 77,440 | ₹ 70,990 | -0.01% |
15 October 2024
|
₹ 77,450 | ₹ 71,000 | -0.28% |
14 October 2024
|
₹ 77,670 | ₹ 71,200 | 0% |
11 October 2024
|
₹ 77,450 | ₹ 70,100 | -0.34% |
10 October 2024
|
₹ 76,730 | ₹ 70,340 | -0.01% |
09 October 2024
|
₹ 76,740 | ₹ 70,350 | 0% |
Patna, however, not only prefers gold for its ornamental value but also views it as a safe investment tool. It is touted as a hedge against inflation and is considered a significant portfolio diversifier with risk-adjusted returns.
The prices keep fluctuating in Patna on a daily basis. State taxes, octroi, import duties, and market fluctuations play a major role. Similarly, the dollar-rupee relation is an important factor.
While the investment in gold as a commodity is particularly notable in this city, digital gold investments are no behind. With technological advancements, economic development, and rising literacy rates, digital gold investments have significantly risen.
Be it Exchange Traded Funds (ETFs), sovereign gold bonds or gold futures, locals aren’t shying away from emptying their pockets. It wouldn’t be wrong to say that overall, these diverse gold investment opportunities have provided the locals with a choice to manage their assets better as well as more control on how they reap a benefit from their investment.