1 GM Gold Coin Price Today in India
Are you looking to invest in gold or gift a loved one a precious token? A 1 gm gold coin is an excellent option. In India, gold coins are highly valued for their purity, durability, and resale value. Here's an update on the current 1 gm gold coin price in India.
What affects the price of 1 gm gold coins in India?
The price of 1 gm gold coins in India is influenced by several factors, including:
International Gold Prices
The global gold price has a significant impact on the price of 1 gm gold coins in India. The price of gold fluctuates based on demand and supply, economic conditions, and geopolitical tensions.
Rupee-Dollar Exchange Rate
The value of the Indian rupee against the US dollar also affects gold prices in India. A weak rupee can lead to higher gold prices.
GST and Taxes
Goods and Services Tax (GST) and other taxes imposed by the government contribute to the final price of 1 gm gold coins in India.
Purity and Certification
The purity of the gold coin, certified by organizations like the Bureau of Indian Standards (BIS) or the London Bullion Market Association (LBMA), impacts the price. Higher purity coins command a premium.
Dealer and Manufacturing Costs
The costs incurred by dealers, manufacturers, and distributors also factor into the final price of 1 gm gold coins in India.
Current 1 GM Gold Coin Price in India (Updated Today)
As of today, the price of a 1 gm gold coin in India is:
- 24K (99.9% pure) gold coin: ₹5,550 - ₹5,750
- 22K (91.6% pure) gold coin: ₹5,150 - ₹5,350
Please note that prices may vary depending on the city, dealer, and other factors. We recommend checking with local jewelers or online marketplaces for the most up-to-date prices.
Where to Buy 1 GM Gold Coins in India?
You can purchase 1 gm gold coins from various sources, including:
- Local Jewelers: Visit authorized dealers and jewelers in your city to buy 1 gm gold coins.
- Online Marketplaces: Websites like Amazon, Flipkart, and Paytm offer 1 gm gold coins from various sellers.
- Banks: Some banks, like the State Bank of India, offer gold coins for sale.
Before making a purchase, ensure the gold coin is certified by a reputable organization and weighs exactly 1 gm to guarantee its purity and value.
We hope this information helps you make an informed decision when buying a 1 gm gold coin in India. Remember to always purchase from authorized dealers and verify the coin's authenticity before making a purchase.
