Gold Price Today in Varanasi

While apps like Gold Price Tracker or Goodreturns provide real-time data, cross-check with local jewellers for accurate rates inclusive of making charges.

Yes! Temple trusts and banks like Muthoot Finance offer loans against gold at 75-80% valuation, aiding small businesses and farmers during lean seasons.

Between 2013–2023, rates surged by ~12% annually. The 2020 COVID-19 peak saw prices hit ₹58,000/10gm, driven by panic buying.

A 3% GST and 10% import duty apply. Purchases above ₹5 lakh incur a 1% TCS (Tax Collected at Source).

Global tensions, like the Middle East conflicts, drive investors toward gold as a safe asset, raising local prices. For instance, the 2023 Israel-Hamas war pushed Varanasi’s rates up by 5% in a week.

Prices dip post-Diwali (November–January) and during monsoon (July–September). Avoid purchasing during peak wedding seasons (February–April) or festivals like Maha Shivratri.

Opt for BIS-hallmarked jewellery from reputed sellers like P.P. Jewellers or Sri Hari Jewellers. Verify certification numbers on the BIS portal and avoid "special discount" schemes that may compromise purity.

Varanasi, one of the world’s oldest living cities, ties gold to spirituality and tradition. The iconic Kashi Vishwanath Temple’s gold-plated spire symbolizes divine opulence, attracting devotees who donate gold jewelry as offerings. Economically, the Vishwanath Gali and Thatheri Bazaar districts thrive with generations-old jewellers crafting Banarasi bridal sets, sustaining over 10,000 artisans. Gold is central to weddings, where families invest in heirlooms like "haar-paunchi" (necklace-set), reflecting socio-economic status. This blend of piety and commerce cements Varanasi’s role as Uttar Pradesh’s gold hub.

Varanasi’s rates are typically 1-2% higher than smaller towns due to higher demand from pilgrims and tourists. However, during major festivals, prices align with metro cities like Delhi.

The daily Gold Price Today in Varanasi is shaped by global market trends, the USD/INR exchange rate, import duties, and local demand surges during festivals like Dev Deepawali or wedding seasons. Varanasi’s jewellers also adjust rates based on purity (22K vs. 24K) and making charges. For broader trends, investors often monitor the current gold price in India to anticipate fluctuations.