Know About the gold rate today in Goa
November 14, 2022Know About the gold rate today in Goa
Apart from the rich scenery and exotic beaches that keep tourists coming back to God, there is much more to the state. Due to the cosmopolitan nature of the population here (which includes people from both India and Europe), gold is quite important in Goa. Currently, the gold rate in Goa is important because the trade and economy of the state is largely affected by foreign influence. Tourism is the state’s main industry along with agriculture, but apart from that, residents like to buy gold for ornaments and it is considered a safe haven.
Gold also plays an important role in the history of the state. The Kadambas ruled Goa in the early 12th century for over 400 years and issued gold coins as currency. In fact, Goa was home to the first Portuguese mint established by Alburquerque in the East. This mint issued silver, bronze and gold coins in the 16th century. Gold is extremely important in the business and retail market even today. In this blog we will talk more about gold rate in Goa in current market.
- Parameter:- 24 k gold price
- Rate on Augut 1 :- Rs. 5,056/ gram
- Rate on August 31 :- Rs. 5,061/ gram
- Highest price in August:- Rs. 5,156/ gram on 14 Aug and 15 Aug
- Lowest price in August:- Rs. 5,035/ gram on 29th Aug
- Overall performance:- Inclining
- Percentage change:- 0.1%
Goa Monthly Gold Rate Trend for August 2022
The initial rate of gold in Goa was Rs. 5,056/ gram for August.
The lowest rate was recorded on August 29 when its rate was Rs. 5.035/g. The highest gold rate today in Goa was recorded on 14th and 15th August when it was Rs. 5,156/ gram.
The closing gold rate for August was Rs. 5,061/ gram and its overall performance recorded a downward trend of 0.1%.
Gold Investment Avenues in Goa
Goa is one of the most sought-after tourist destinations in India thanks to its exotic beaches and unconventional culture. Despite civil unrest in 1961 and colonization, it established itself as a wealthy region of the country. Therefore, gold is of considerable importance in Goa.
Over The Counter:
Gold is sold in the form of bars, coins and jewelry. The Indian and cosmopolitan fusion in the state’s culture has created a base for both jewelery designers and buyers. Buyers can purchase holdings from a variety of bullion dealers, including Pushpak, Pentagon and Muthoot. Other popularly known brands like Malabar and Tanishq are also big in Goa. In Goa, the demand for gold is also from the tourism industry.
Trade:
Futures contracts, spot contracts and ETFs are the most common ways to trade gold in terms of international gold rates. The Bombay Stock Exchange forms the basis of the gold ETF trade.
Today’s Gold Rate in Goa – Standard Gold (22K)
Day 1 gm 8 gms
- 27 September 2022 Rs. 4,655 Rs. 37,640
- 26 September 2022 Rs. 4,705 Rs. 37,640
- 25 September 2022 Rs. 4,705 Rs. 37,640
- 24 September 2022 Rs. 4,715 Rs. 37,720
- 23 September 2022 Rs. 4,755 Rs. 38,040
- 22 September 2022 Rs. 4,675 Rs. 37,400
- 21 September 2022 Rs. 4,690 Rs. 37,520
- 20 September 2022 Rs. 4,700 Rs. 37,600
- 19 September 2022 Rs. 4,690 Rs. 37,520
- 18 September 2022 Rs. 4,700 Rs. 37,600
Conclusion
We hope this blog will introduce you to today’s gold price in Goa. Check out our other blogs to know about gold rate in other cities of India.
Also Read:-
Know About the gold rate today in Goa
