Today 24 Carat Gold Price in Rewa – Updated
Gram
24 Carat Gold Today
24 Carat Gold Yesterday
1 gram
₹4,786
₹4,787
₹ -1
8 gram
₹38,288
₹38,296
₹ -8
10 gram
₹47,860
₹47,870
₹ -10
100 gram
₹4,78,600
₹4,78,700
₹ -100
Today 22 Carat Gold Price in Rewa – Updated
Gram
22 Carat Gold Today
22 Carat Gold Yesterday
Daily Price Change
1 gram
₹4,686
₹4,687
₹ -1
8 gram
₹37,488
₹37,496
₹ -8
10 gram
₹46,860
₹46,870
₹ -10
100 gram
₹4,68,600
₹4,68,700
₹ -100
Today Gold Rate In Rewa :
In recent years, the gold rate in Rewa has been highly variable since it is influenced by a variety of domestic and international market variables. The rich history of Rewa is one of the most important elements influencing the gold rate.
Rewa is a city in India’s Madhya Pradesh state, located in the north-eastern section of the country. It is the administrative centre for both the Rewa District and the Rewa Division. The city is located 420 kilometres northeast of Bhopal, the state capital, and 230 kilometres north of Jabalpur
Compare 22k & 24k Gold Rate in Rewa
Gold | Today | Yesterday | Rate Change |
Standard Gold (22 K) ( 1 gram ) | ₹ 4,610 | ₹ 4,560 | ₹ 50 ↑ |
Standard Gold (22 K) ( 8 grams ) | ₹ 36,880 | ₹ 36,480 | ₹ 400 ↑ |
Pure Gold (24 K) ( 1 gram ) | ₹ 5,030 | ₹ 4,976 | ₹ 54 ↑ |
Pure Gold (24 K) ( 8 grams ) | ₹ 40,240 | ₹ 39,808 | ₹ 432 ↑ |
Last 10 Days Gold Rates
STANDARD GOLD 22K
PURE GOLD 24K
1 GRAM
10 GRAM
1 GRAM
10 GRAM
24 July 2021
Rs. 4,686.00
Rs. 46,860
Rs. 4,786.00
Rs. 47,860
23 July 2021
Rs. 4,687.00
Rs. 46,870
Rs. 4,787.00
Rs. 47,870
22 July 2021
Rs. 4,690.00
Rs. 46,900
Rs. 4,790.00
Rs. 47,900
21 July 2021
Rs. 4,712.00
Rs. 47,120
Rs. 4,812.00
Rs. 48,120
20 July 2021
Rs. 4,730.00
Rs. 47,300
Rs. 4,830.00
Rs. 48,300
19 July 2021
Rs. 4,704.00
Rs. 47,040
Rs. 4,804.00
Rs. 48,040
18 July 2021
Rs. 4,719.00
Rs. 47,190
Rs. 4,819.00
Rs. 48,190
17 July 2021
Rs. 4,720.00
Rs. 47,200
Rs. 4,820.00
Rs. 48,200
16 July 2021
Rs. 4,735.00
Rs. 47,350
Rs. 4,835.00
Rs. 48,350
15 July 2021
Rs. 4,709.00
Rs. 47,090
Rs. 4,809.00
Rs. 48,090
Gold Rate in Rewa
The gold rate in Rewa will be the same as it is in the rest of the state since gold prices are set per gramme across the country. Banking companies and gold jewellery makers are the major gold importers in India. The gold rate in Rewa is also influenced by the availability of Gold to meet loan demand. The gold rate in Rewa is dynamic as it depends on a number of factors.
List of banks providing gold loan in Rewa
Bank / NBFC
Rate Per Gram
Interest Rate
Gold Loan Tenure
Min – Max Loan Amount
₹ 3,506 to ₹ 4,621
0.099
3 to 24 months
₹ 10 thousand to 5 crore
Private Gold Loan
₹ 3,506 to ₹ 4,621
0.1
6 to 12 months
₹ 10 thousand to 5 crore
₹ 3,506 to ₹ 4,621
0.12
7 days to 36 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1225
12 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1025
36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1
3 to 36 months
₹ 10 thousand to 5 crore
SBI Gold Loan
₹ 3,506 to ₹ 4,621
0.0975
12 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.075
3 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 10 thousand to 5 crore
IIFL Gold Loan
₹ 3,506 to ₹ 4,621
0.12
11 months
₹ 3 thousand to 50 lakh
How are Gold Rates Decided?
In its natural circumstances, Gold has become a scarce commodity, with only a few nations having substantial amounts. As a result, new Gold isn’t constantly available, and availability changes over time, so we have to make do with what we have. While the market balance varies, prices can change dramatically, which is something to take in mind when setting rates in India.
Banks distribute this Gold to dealers after deducting their charge, making it somewhat more costly than the rate at which it is imported into the country.
How do Gold Traders Determine Future Gold Prices in Rewa?
A high import rate will raise the country’s gold price and vice versa. Because the gold rate in Rewa is inversely proportional to dollar rates, the performance of the US dollar has a substantial influence on the gold rate In Rewa.
This association arises because Gold is a globally traded commodity, and the USD is the world’s most widely accepted currency. Events in the USA will have an impact on the gold rate in Rewa, either directly or indirectly. A majority of Gold purchased in India is imported; rates in India are affected by global markets. Tensions between nations can cause gold rates to rise, affecting state-to-state interrelations.
The gold rate in Rewa may decline as a result of a supply shortage if the US has strained relationships with a major gold producer, for example. Because Gold is viewed as a shield against geographical and political instability, the lifting of sanctions and the restoration of global linkages have an influence on the gold rate In Rewa.
What Leads to the Increment of Gold Rates When the Stock Market Falls?
- Inflation: Due to its relatively steady quality when compared to currencies, Gold has a high value and is used to hedge inflation. As a result, investors prefer Gold over currency. If a result, as inflation rises, demand for Gold rises as well, and vice versa is also true. The gold rate in Rewa will rise as a result of increased client demand.
- Gold Reserves: The central banks of most large countries hold both cash and gold reserves. Two well-known examples of central banking institutions are the Reserve Bank of India(RBI) and the Federal Reserve of the United States. The gold rate in Rewa rises when major countries’ central banks begin hoarding gold reserves and buying more Gold.
- Influences from other countries: Any change in Gold’s price elsewhere in the world has an effect on the yellow metal’s price in India. Since India is one of the world’s largest gold importers, fluctuations in global gold prices have an influence on Indian gold prices. Because the value of currencies and different financial instruments may drop during a political upheaval, investors choose gold as a haven, and gold demand and price rise during such periods compared to peaceful periods.
- Market demand for Gold: India’s gold jewellery is well-known.The gold rate in Rewa climb throughout the wedding season and during festivals such as Diwali. The gold rate in Rewa changes and also affects demand to some extent. Gold is in high demand in the jewellery business for a variety of reasons.
Impact of GST on Gold Rate in Rewa
The GST is the latest indirect tax system imposed on the sale of goods and services in India. It’s a multi-stage, destination-based comprehensive tax, with the exception of a few provincial levies. It’s all-encompassing as it involves almost all kinds of indirect taxes.
GST is a multi-stage taxation system imposed at various stages of the production process, but it is intended to be repaid to all parties involved in the various stages of production except the end consumer, and it is received at the point of consumption rather than the point of generation, as was the case under the previous tax regime.
To further illustrate the impact of the GST on the gold rate in Rewa, consider the following scenario. Assume that a 24K 10 gramme gold bar costs Rs. 55,000, and that gold imports are taxed at 10%. Furthermore, assuming a $3,000 average importing expense, the gold market cost prior to and post Taxation are as under:
Taxes On Gold | Before GST | After GST |
Price of 10 gm gold | ₹ 45,000 | ₹ 45,000 |
Customs Duty (10%) | ₹ 4,500 | ₹ 4,500 |
Service Tax +VAT(2%) | ₹ 990 | NIL |
GST on Gold (3%) | NIL | ₹ 1,485 |
The total value of Gold | ₹ 50,490 | ₹ 50,985 |
Making charges | ₹ 3,000 | ₹ 3,000 |
GST on making charges (5%) | NIL | ₹ 150 |
Total Price of Jewelry | ₹ 53,490 | ₹ 54,135 |
Impact of Central Bank Policies on Rewa Gold Rate?
Banks and NBFCs in India are regulated and controlled by the Reserve Bank of India. The RBI also keeps a careful eye on businesses that provide gold loans to their clients. The Reserve Bank of India has processes in place to protect the interests of its clients.
The RBI has comforted gold lending rules, enabling loan providers to provide up to 90% of the Gold’s market value. Banks are already allowed to provide up to 75% of the market value of Gold. The RBI increased the loan-to-value (LTV) ratio for gold loans to 90% on the day of the monetary policy announcement. The LTV is the maximum amount a lender can lend, depending on the value of the loan collateral.
Gold as an Investment in Rewa
Prior to investment, the risk-averse investors look for three things:
- Reward
- Liquidity
- security
These are the three most important factors to consider.
All of these aspects should be taken into account. Gold meets all these criteria completely. Some of the causes why people invest in Gold are as follows:
- Gold beats inflation; as a result, over a period of time, the returns on investments made in Gold will cover profit without inflationary pressures.
- The rate of gold is inversely related to the price of stocks. If the stock trading market begins to fall, the gold value will prosper.
How Can You Make Gold Investments in Rewa
It’s known as the “golden question.” Previously, Gold was obtained through coins, bullions, artefacts, and jewellery. Gold ETFs (exchange-traded funds) and gold mutual funds are two newer types of gold investments.
Gold ETFs allow you to own the same quantity of Gold as if you were physically holding it. As a result, there is no risk of theft or burglary because the Gold is kept in Demat (paper) form. Gold funds are used to invest in gold mining companies.
Gold Schemes To Invest in Rewa
Rewa is a well-known city. It is a rapidly growing city in Madhya Pradesh and is one of the greenest and nature-friendly cities in the state. To discover more about the numerous gold investment opportunities accessible in Rewa, see the table below:
Gold | Gold ETFs (Exchange Traded Funds) | Gold Funds |
Investment in physical gold | The investor buys a proportionate value of Gold but not in the physical form. | The investment is made in bullion and companies involved in mining gold |
No need for a Demat account | The investor needs a Demat account | No need for a Demat account to invest |
Market fluctuations directly affect the prices of Gold | Changes in the gold rate in Rewa affect that of Gold ETFs | Changes in the gold rate in Rewa don’t affect gold funds directly |
No additional charges other than the physical Gold itself | Gold ETFs involve asset management and brokerage fees | There’s a minimum charge to manage the gold funds. |
Risks of theft and burglary associated with storing physical Gold | Gold ETFs remove the burden of trading gold in the physical form | Eliminates the risk of theft/burglary and buffers investments to changing market fluctuations |
No paperwork required for investing | Paperwork required for investing in Gold ETFs | Paperwork is required for investing in gold funds |
Systematic Investment Plan (SIP) not available | No SIP option | SIP available |
Best suited for conventional investors | Best suited for investors who have the required time and skillset to trade | Best suited for investors who expect high returns by taking calculated risks |
Some Interesting Facts on Gold
- Gold is the only yellow metal, sometimes known as “golden” metal. Other metals oxidised or react with other substances; they can turn yellow, but only under particular conditions.
- Almost all of the Gold on the planet originated from meteorites that collided with it 200 million years after it was formed.
- Gold bears the symbol Au, which is derived from the Latin word aurum and has an atomic number of 79, making it one of the higher atomic number elements found in nature.
- The metal gold is malleable. About 30 grammes may be stretched into a gold thread that is about 8 kilometres long. It is also feasible to embroider with gold threads.
- Gold is one of the most malleable of all the elements. A single ounce of Gold may be used to make a 300-square-foot gold sheet.
Things to Consider Before Buying Gold in Rewa
- Investigation of the creditor’s credibility: A protected mortgage such as a loan facility is one that has security backing it up (Gold in this case). The borrower keeps collateral until the loan is fully paid. If a borrower defaults, the loan provider may be able to receive some or whole of the money owed to the borrower by using the collateral.
- Thinking about all of your options: everyone wants the greatest gold loan possible. There are no specific steps to get a loan as it depends on the needs and wants of the applicants. However, it is important to evaluate all of your alternatives before signing on the dotted line.
- Review the repayment plan: Customers should carefully review the repayment arrangement with their creditors before accepting a loan. If they understand the loan’s terms, they will be able to plan ahead of time and avoid defaults.
Factors that Influence Gold Prices in Rewa
- The Gold used was: The higher the purity of Gold, the higher the value and loan amount. Most lenders need a minimum purity of 18 carts. If you want to take out a loan against your jewellery, the lender will not take into account the worth of the jewels and stones. He’ll just care about the Gold. Furthermore, many lenders will not lend against gold bars. They do, however, accept coins with a purity of 99.99 per cent and a weight of up to 50 grammes.
- Banks or NBFCs: First and foremost, stay away from jewellers and other small businesses. They are unregulated and have the power to impose unfavourable terms and conditions. Fraud is also a concern. For gold loans, borrowers should choose between banks and non-bank financial institutions (NBFIs).
- Repayment choices: NBFCs that specialise in gold loans also provide a variety of repayment choices. A borrower might choose bullet payment in addition to the usual equivalent monthly instalment (EMI). In this case, the lender will deduct the interesting part of the loan amount at the outset. The lender will issue a loan of $90,000 if the sanctioned amount is 1 lakh and interest costs are $10,000. The consumer must pay the lender 1 lakh at the conclusion of the term.
- Charges and other rules: Prepayment on gold loans are usually not allowed. A few banks have the authority to charge up to 1% of the outstanding loan. Lenders might impose appraisal costs in addition to processing costs.
KDM and Hallmarked Gold in Rewa
- Hallmark: The Bureau of Indian Requirements (BIS) gives a quality certification for hallmarked jewellery that fulfils international purity requirements. The make-up of the alloying metal and the purity requirements for Gold dictated this.
- KDM: KDM is a gold-cadmium alloy that contains 92 % gold and 8% cadmium. Cadmium is now coupled with Gold due to the different melting temperatures of gold and solder material, thus the acronym KDM.
Understanding 916 Gold Price Today in Rewa
The gold rate in Rewa for 916 gold is affected by worldwide influences. The For-EX rate of the US dollar against other currencies also has an effect. The Indian term for 22-karat gold is 916 gold.
A myriad of factors, including the import tariff rate, impact the gold rate in Rewa today. In order to compare the worth of two items, The lower the import duty, the lower the gold rate in Bangalore, and vice versa. The price of Gold in Bangalore declines as the government decreases the state’s import tariff. Beyond municipal taxes, a number of additional variables impact the gold rate in Bangalore.
Besides the fact that every aspect influencing the gold rate in Rewa cannot be defined in detail, investors can buy Gold when the current gold rate in Rewa is low and sell Gold when the current gold rate in Rewa increases.
However, the gold rate in Rewa have been exceptionally erratic, with more volatility likely as policy in a number of nations remains unclear.
Check out the gold rate in Rewa currently for 22-carat gold and take advantage if they’re less costly. Long story short, the gold rate in Rewa for 916 will be determined by a variety of variables rather than being affected by a single factor.
Best Place to Buy Gold in Rewa
In Rewa, banks and non-bank financial institutions (NBFIs) participate in such marketplaces, providing consumers with dependable loans. Banking firms are the most common loan providers since they offer a wide range of financial services in addition to loans.
Buying a Gold Loan in Rewa
In India, getting a loan against Gold is not difficult due to its high availability. Loan applicants who take out a gold loan should expect to get their money instantly.
Customers may now compare the majority of loan offers on Rewa’s biggest banks and non-banking financial organisations’ websites (NBFIs). This is a simple statement, yet it presents a huge challenge to potential buyers. Instead, clients may explore and compare gold loan offers from a variety of market-leading gold lending providers via Dialabank, India’s first financial helpline.
The Dialabank website contains all of the necessary information on loans and other financial products. So have a look at our website.
Or
By Calling us at Dialabank: 9878981166
What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme
One of the advantages of a gold bond is that Gold comes in uncountable forms.
- Bars, Coins, necklaces, and bangles, are some common forms. It comes in a range of measurements and carats (a metric measurement for gold weight), so you’re likely to find one that suits your wants.
- There is a lot of form of Gold because it is a liquid metal. You may buy pure Gold from any jeweller’s store. Although various organisations have myriad criteria, you might be able to get an early redemption on your investment if you don’t want physical Gold on delivery and only want the value.
- Technical analysis is not necessary; instead, examine the current gold rate in Rewa and determine whether to buy or sell depending on your financial situation. You are obligated to do product market research.
One of the disadvantages of gold bonds is that a gramme of 24-carat gold is worth more than 52,000 dollars.
- Investing in Gold necessitates a significant initial investment. As a result, even a small amount of this commodity necessitates a significant starting investment. Digital Gold is available for as little as Re 1 on some websites.
- In the case of Gold, manufacturing costs might account for as much as 10% of the total value.
- The manufacturing costs are not refundable when you sell your Gold back; therefore, you lose that amount. Hence, the transaction will be a loss if the selling price isn’t high enough to pay the producing costs.
- Physical Gold comes with its own set of risks, including storage, theft, breakage, and damage to the jewellery.
Gold Vs. Mutual Funds
MUTUAL FUNDS
GOLD
Complicated
Greater market risk Involved
Options to invest in Equity linked saving scheme (ELSS), Equity mutual funds, debt fund, liquid funds, etc.
More opportunity cost
FAQs
✅ What is the rate of interest on a gold loan in Bhopal?
The interest rate for gold loans in Bhopal varies depending on the gold loan provider. The lowest gold loan interest rate in Bhopal is now 9.50 per cent.
✅ Which bank in Bhopal is the best for gold loans?
Axis Bank currently has the best gold loan interest rate in Bhopal, at 9.50 per cent. Furthermore, Axis Bank gives a maximum loan amount of 2 crores on Axis Bank gold loans, making it the finest bank for high-value loan requirements. The gold rate in Rewa also plays a role in the terms offered.
✅ In Bhopal, what is the maximum term for a gold loan?
In Bhopal, you may receive a loan against Gold for a maximum of 3 years.
✅ How Have Interest Rates Changed in the Last Month in Rewa?
The gold rate in Rewa has varied throughout the past month. Due to economic fluctuations, it fell in the first week of March but increased by the following weekend. It is currently showing a stabilised growth trend.
Despite an uptick in demand the next week, prices fell and stayed low for many days. Regardless of whether the gold rate In Rewa is higher or lower today, Gold has always been in high demand.
✅ Is Investing in Gold a Good Idea in Rewa?
Gold is mostly used in jewellery and other forms of ornamentation. It’s always an interesting topic for investors since it’s been shown to provide big long-term returns while also offering a safety net for individuals in high-risk situations.
✅ What Should You Consider Before Purchasing Gold in Rewa?
While purchasing gold-related things like jewellery or exchange-traded funds, it’s critical to double-check the market by comparing the gold rate in Rewa from several places, but it is necessary to check to see if the jewellery you’re buying is hallmarked.
Latest News on Gold Rate in Rewa
2021-06-04:
Bharat Heavy Electricals Limited (BHEL), a state-owned company, has issued a request for proposals for 1500V three-phase, grid-interactive outdoor power-conditioning units (central inverters) for the 500 MW Rewa solar parks in Madhya Pradesh. The chosen vendor will also be in charge of the PCUs’ installation and commissioning. A minimum power rating of 2 MW is required for each PCU block.
2021-03-26:
The Central Bureau of Investigation (CBI) conducted searches at over 100 locations across India on Thursday, including Bhopal, in connection with over 30 cases of bank fraud totalling over Rs 3700 crore. Two individual cases have been filed by the CBI’s ACB and AC4 (Vyapam) branches.
About Rewa
The district of Rewa gets its name from the town of Rewa, which is the district seat. From the ninth through the end of the 12th century, the territory was ruled by the Kalachuris. Ulugh Khan, Sultan Alauddin’s brother, forced the Baghela ruler east into the region in the 13th century, establishing the Princely State of Rewa. This dynasty lasted until Martand Singh, the final heir, abdicated and relinquished power to the Dominion of India in 1947.
When the Provinces and States Order was implemented in 1950, the current Rewa district was created. Prior to August 1947, the district was part of the previous Rewa state’s north Rewa district, along with the Raghurajnagar tehsil.