Gold Rate Today In Pune: May 10, 2024

The price of gold is different across Indian states and cities. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Pune today, as of 9:34 am.

Gold Rate In Pune (May 10, 2024)

Today 22 Carat Gold Price in Pune (Per Gram)

Today 24 Carat Gold Price in Pune (Per Gram)

Gold Rates in Pune for the Last 10 Days (Per Gram)

Compare 22K & 24K Gold Rate In Pune (Yesterday & May 10, 2024)

Monthly Graph of Gold Rate in Pune (22 Carat gold)

Monthly Graph of Gold Rate in Pune (24 Carat gold)

Gold Rate In India Today: May 10, 2024

Related: Today’s gold price in 10 cities of India.

Where to Buy Gold in Pune?

There are various ways to buy gold in Pune, as follows:

Gold Jewelry

Gold jewelry and ornaments can be bought online or offline at jewelry stores. Authorized sellers of gold can only sell gold jewelry that are BIS Hallmarked, containing symbols of a BIS hallmark, purity scale grade, and a 6-digit alphanumeric code. Authorized banks and NBFCs are allowed to sell gold coins via lump sum or various investment schemes to avail of physical gold.

Gold Saving Schemes

Authorized NBFCs and retailers offer individuals to invest in gold saving schemes, wherein a certain amount of money is deposited every month as installments for a specific tenure to obtain the jewelry. Retailers often run such schemes as cash incentives to borrowers upon maturity, which acts like a discount equivalent to 55% to 75% of one month’s installment.

Sovereign Gold Bonds (SGBs)

SGBs are government securities issued by the Reserve Bank of India (RBI) and can be redeemed only in cash on maturity. The value of one bond of SGB equals one gram of 24-carat purity gold, and investors are assured guaranteed return along with interest as per the market value of gold at the time of maturity.

Digital gold

The method of buying digital gold online involves investing in small fractions as per the convenience to access the yellow metal. The various forms of investing in digital gold include buying:

• Gold Exchange Traded Funds (ETFs):  A gold ETF price tracks the domestic price of gold, and is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The value of one gold ETF unit equals 1 gram of gold. Like in stock trading, gold ETFs can be bought on stock exchang platforms using demat and trading accounts. The value of a gold stock and gold ETFs depend on the performance of the domestic price of the gold in the market. 
  
  Unlike SGBs, gold ETFs are subject to risk as the market price impacts the price of gold.

• Gold accumulation plan: Paytm, PhonePe, and a few other mobile wallets as well as Stock Holding Corporation of India offer gold accumulation plans, which allow investors to buy digital gold upon a low investment. 

Related: Alternative ways to invest in gold.

Where to Sell Gold for Cash in Pune?

Loan against gold jewelry: Banks and NBFCs are authorized to provide loans against gold jewelry to consumers with valid documents over and over basic purity checks. Gold loan is a secured loan, which is kept as a collateral to obtain up to 75% loan-to-value ratio (LTV) of the gold. It is a short-term loan with tenure ranging from 3 to 36 months. It charges an interest rate, and other charges, on the principal amount when the EMI begins after disbursement.

Retailers: Gold owners can visit the place of purchase, or take the jewels at accredited gold stores of retailers or stores of jewelry companies, and either sell it to get a loan against a desired amount by presenting the bill of purchase, which has information on gold’s weight, place and date of purchase.