Gold Rate in Assam: Today's Gold Price

FAQs on Gold Rate in Assam

1. What will happen if I do not declare the gold I am carrying into Assam?

   If you do not declare the gold you are carrying into Assam, it can lead to persecution, seizure, and/or incarceration.

2. When I buy gold in Assam, how do I check the purity of the gold?

   When you buy gold in Assam, keep in mind that it is mandatory for every jewellery to have a mark called 'Hallmarking'. The Government of India had set up the Bureau of Indian Standards (BIS) which ensures that the consumers will get what they pay for.

3. When I buy gold in Assam, should I buy 22 karats or 24 karats?

   In Assam, all gold jewellery is made of 22 karats gold. If you want to buy 24 karats gold, you can buy gold biscuits and gold bars.

4. How is the price of gold determined in Assam?

   There are various factors that determine the cost of gold in India. The performance of gold in the global markets, demand for gold, rate of interest, government policy, etc. affect the cost of gold in India. Oil prices, change in currency rates especially of Indian rupee with respect to US dollars, and even political factors determine changes in the price of gold that you may witness over a period of time.

5. How to check whether the Gold I have purchased is real?

   There are some easy experiments you can conduct to check whether the gold ornament you have purchased or wish to buy is authentic or not. One of the ways is to bring the ornament closer to a magnet. If it sticks then your gold ornament is fake since real gold will not be attracted to magnet. The other test is the float test where you can immerse your gold ornament in a bowl of cold water. If it sinks to the bottom, your ornament is real. If it does not then it is fake or plated with gold. The reason why gold sinks is due to its high density.

6. What are some of the brands from whom I can purchase gold?

   Some of the brands through which you can purchase gold from are PC Chandra Jewellers, Tanishq, TBZ, Kalyan Jewellers, , Malabar Gold and Diamond, Joyalukkas Jewellers, etc.

7. What are the things that I must look for when purchasing gold?

   Some of the things that you must keep in mind when purchasing gold are the hallmark, maker of the gold, the weight of the yellow metal, etc.