Gold Rate in Ghaziabad

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Today’s Gold Rate in India
22 Karat
45,690Per 10g of 22k Gold

Today 24 Carat Gold Price in Ghaziabad – Updated

Gram 24 Carat Gold Today 24 Carat Gold Yesterday
Daily Price Change
1 gram ₹4,786 ₹4,787 ₹ -1
8 gram ₹38,288 ₹38,296 ₹ -8
10 gram ₹47,860 ₹47,870 ₹ -10
100 gram ₹4,78,600 ₹4,78,700 ₹ -100

Today 22 Carat Gold Price in Ghaziabad – Updated

Gram 22 Carat Gold Today 22 Carat Gold Yesterday Daily Price Change
1 gram ₹4,686 ₹4,687 ₹ -1
8 gram ₹37,488 ₹37,496 ₹ -8
10 gram ₹46,860 ₹46,870 ₹ -10
100 gram ₹4,68,600 ₹4,68,700 ₹ -100

Today Gold Rate In Ghaziabad : Gold Rate in Ghaziabad

Recently, a steady and safe increase in the gold rate in Ghaziabad has been observed. This rise is seen in most places in and around India and specifically more in Ghaziabad.

The factors that decide the gold rate in Ghaziabad and the country on that particular day depending on various interrelated international factors. It is mostly this factor that plays a major role in the final decision on the price of the gold. People believe in investing in gold as a safer option because it can easily be pledged when needed and would always come in handy at times of financial crisis.

Compare 22k & 24k Gold Rate in Ghaziabad

Gold Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,610 ₹ 4,560 ₹ 50 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 36,880 ₹ 36,480 ₹ 400 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 5,030 ₹ 4,976 ₹ 54 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 40,240 ₹ 39,808 ₹ 432 ↑

Last 10 Days Gold Rates

Date
STANDARD GOLD 22K PURE GOLD 24K
1 GRAM 10 GRAM 1 GRAM 10 GRAM
24 July 2021 Rs. 4,686.00 Rs. 46,860 Rs. 4,786.00 Rs. 47,860
23 July 2021 Rs. 4,687.00 Rs. 46,870 Rs. 4,787.00 Rs. 47,870
22 July 2021 Rs. 4,690.00 Rs. 46,900 Rs. 4,790.00 Rs. 47,900
21 July 2021 Rs. 4,712.00 Rs. 47,120 Rs. 4,812.00 Rs. 48,120
20 July 2021 Rs. 4,730.00 Rs. 47,300 Rs. 4,830.00 Rs. 48,300
19 July 2021 Rs. 4,704.00 Rs. 47,040 Rs. 4,804.00 Rs. 48,040
18 July 2021 Rs. 4,719.00 Rs. 47,190 Rs. 4,819.00 Rs. 48,190
17 July 2021 Rs. 4,720.00 Rs. 47,200 Rs. 4,820.00 Rs. 48,200
16 July 2021 Rs. 4,735.00 Rs. 47,350 Rs. 4,835.00 Rs. 48,350
15 July 2021 Rs. 4,709.00 Rs. 47,090 Rs. 4,809.00 Rs. 48,090

 

Gold Rate in Ghaziabad

Gold is one of the most ancient precious metals, existent in the market with the same and increasing demand for centuries. Not just the people from Ghaziabad, but Indians as a whole are known to be one of the largest consumers of gold in the world.

The rates of gold are extremely dynamic in nature. By dynamic, it means that it is not just one single factor that helps in deciding the prices of gold but a wide series of factors that affect the rates of gold. This precious metal is traded as a commodity in various exchanges such as MCX, NCDEX AND NSEL.

List of banks providing gold loan in Ghaziabad

Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

How are Gold Rates Decided?

The gold rate in Ghaziabad is calculated on a daily basis are decided on the basis of the analysis that is being done on several things, such as the international trends,

the demand during the festive seasons, wedding seasons, the value of the Indian currency against other currencies, the global market as a whole and etc. The people from Ghaziabad and others in general purchase gold in the form of ornaments and jewellery, which is to be worn out on occasions.

How do Gold Traders Determine Future Gold Prices in Ghaziabad?

The gold traders determine the future gold rate in Ghaziabad based on the factors mentioned below. They are:

  1. Gold related news: The investors need to consistently and constantly continue monitoring the news that comes about the gold and the international market to be able to make a prediction for the nearest future.
  2. Prices of other valuable metals: the value of other materials are also important in determining the rates of gold and its future predictions. Hence, it is advisable for the investor to keep up to date with information regarding this.
  3. Rupee Foreign Exchange rate: if the value of the rupee falls when compared to the other currencies, then the prices of the gold would increase and vice versa, which is why it is important to check the impact of the imports and exports done by our currency.

Impact of GST on Gold Rate in Ghaziabad

There has been a lot of ebbs and flow in the gold rate, especially after the enactment of Goods and Service Tax (GST) in India. Along with international trends, the advent of GST has also reflected on the gold rate in Ghaziabad as well.  This means the taxation on gold jewellery is now 3%, which is exclusive of the 1.5% VAT, which was levied earlier, along with 1% excise duty.  After GST, the taxation has been streamlined; the final jewellery bills are now inclusive of 3% GST, customs duty of 10% and processing charges are imposed as 5%.

Impact of Central Bank Policies on Ghaziabad Gold Rate?

The Central Bank is the organisation that is responsible for the regulation of the financial and banking services in the country and also proceeds with whatever the government has issued with respect to the currency and several other monetary policies. Not only are the gold rates in Ghaziabad dependent on these monetary policies, but all the states in India are also entirely dependent on the monetary policies that have been issued by this Central Bank. All of these policies would be regulated by the Central Bank, and all of its actions are the key factors in the setting of gold prices.

Gold as an Investment in Ghaziabad

Gold as an investment in Ghaziabad is one of the most happening things in this city. This is because Ghaziabad is known for its unique designs, varieties, customer service and reasonable prices. But, before an individual decides to purchase gold, thorough background research needs to be done; this could be done online or even by constantly checking the newspaper for the trends of the gold rates. Since the newspaper presents you with different news every day about the same, it is important that you keep track of it before you decide on the right day to invest in gold.

How Can You Make Gold Investments in Ghaziabad

Gold investments in Ghaziabad can be made with various opportunities. But the most basic ones are:

  1. Investing in gold coins
  2. Purchasing jewellery
  3. Gold bullions
  4. Exchange-traded funds

Gold Schemes To Invest in Ghaziabad

The objective behind the gold schemes to invest in is to show how many ways are present for saving money as well as gold and how you can put the saved money into use in some other field of work/personal expense/career growth and so on. There are various gold schemes that are available for the people of Ghaziabad, and it’s not just limited to them but for anyone who purchases gold in Ghaziabad.

Many discounts are existent; there are discounts on the making charges of the gold as well; however, it is never completely free. Check out the various gold schemes to invest in Ghaziabad.

Some Interesting Facts on Gold

Some things about gold are:

  1. Gold is way softer than other kinds of metals, and 1g of this metal could easily be beaten using a hammer.
  2. To make gold very hard, it has to alloyed with certain other particular metals; else, it is very soft.
  3. They do not have oxidants in them.

Things to Consider Before Buying Gold Jewellery in Ghaziabad

Things to consider before buying gold jewellery in Ghaziabad are:

  1. Weight: the price that you would have to pay for the gold depends on how much the gold jewellery weighs. If there are more stones, then obviously the weight would be more, and you would be also be charged more.
  2. Purity: the most important things to be considered when we look at gold. It is important for all kinds of gold to have a purity of 22 carats in the case of jewellery. If it is gold coins, then it has to be of purity of 24 carats.
  3. The certification: it is important for us to know the authenticity of the gold that you are about to invest in. Make sure there is a purity certificate attached to it before purchasing.
  4. Labour charges: this is also called making charges, which is charged for the amount of work done behind a single piece of jewellery. You should cross-check to see if it fits your budget or not.

Factors that Influence Gold Prices in Ghaziabad

The factors that influence the gold rate in Ghaziabad are:

  1. The gold rate in Ghaziabad and the entire nation would increase by themselves when there is a sudden need for demand and supply during the festive seasons.
  2. When the value of the rupee against other currencies decreases, then the gold rate in Ghaziabad or anywhere in the country would increase proportionately.
  3. The fluctuations in the international market are one of the major factors that decide and affect the rate of gold in the country and also on the gold rate in Ghaziabad.

KDM and Hallmarked Gold in Ghaziabad

Hallmark – is defined as jewellery that comes with a certificate of quality of the internationally set standards of purity set by the Bureau of Indian Standards.

KDM – is an alloy that is formed by mixing 92% of gold with 8% of cadmium. There are two metals that are gold and solder material which has different melting points, which is why cadmium is added to the mixture and is therefore called KDM.

Understanding 916 Gold Price Today in Ghaziabad

Understanding why the 916 gold rate in Ghaziabad is important is a question many individuals have. However, in India, 22 carats of gold is called 916 gold. That is, the gold of the highest purity is termed as 916 gold. Therefore when an individual is deciding on buying gold, then they would have to do basic research on the gold rates, the global market, as well as the rates for 916 gold in Ghaziabad.

These rates are affected by various factors such as the rate of import duty, the value of USD against other currencies, Indian currency fluctuations, the demand and supply available for the gold and so on. The gold rate in Ghaziabad is also known to suddenly decrease if the government decides to charge a lesser import tariff.

Best Place to Buy Gold in Ghaziabad

Gold Rate in Ghaziabad

First-time gold buyers should be very mindful of a lot of things before proceeding to buy gold. It would definitely work out better if they check websites online about various gold shops and the rates, offers and latest trends and new designs that they have.

There are plenty of shops in Ghaziabad that have the latest designs and models along with providing you with the best service and reasonable prices. Although designs and prices are present everywhere, Ghaziabad is known for the same.

Buying a Gold Loan in Ghaziabad

The process of buying a gold loan in Ghaziabad requires the individual to have gold in hand with its purity and quality certificate along with the required documents. You must also be in a situation financially where you would be able to provide the gold insurers with assurance.

If there is no consistency found in the way you pay your monthly interests, then you risk losing the ownership of your gold and thus giving the bank/lenders the authority to do whatever they may seem best with your gold, which typically involves auctioning your gold.

What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

Advantages :

  • The gold schemes are present and can be kept in both the Demat form as well as the paper form.
  • The gold is said to be safe and secure because this scheme is available both in the paper as well as in electronic form.
  • Since this scheme is completely maintained and managed in the digital platforms/forums, the gold stays with you, which means it is really safe.
  • The gold schemes are supported and backed up by the government.
  • Whatever the market fluctuations, once the commitment is given to you, you would receive your interest amounts regularly.

Disadvantages :

  • If you suddenly want to switch the gold bonds into physical and actual gold, it is a very tedious process. You would also not be allowed to use the gold for any other purposes like wearing it for functions, weddings, etc.
  • If there is a sudden drop in the gold rate in Ghaziabad after you purchase the scheme, then you might face the capital loss of investment. If you have chosen a long term plan, then you might not get affected by these short-term fluctuations.

Gold Vs. Mutual Funds

MUTUAL FUNDS GOLD
Complicated
Less complicated
Greater market risk Involved
Based on global and few other factors it is easier to get a rough idea of the gold rates
Options to invest in Equity linked saving scheme (ELSS), Equity mutual funds, debt fund, liquid funds, etc.
Gold Funds and Gold ETFs
More opportunity cost
Less opportunity cost

Latest News on Gold Rate in Ghaziabad

2021-06-07:

Goldiam Group has received additional Export Orders worth Rs.75 crore from its International clients for manufacturing diamond-studded designed gold and lab-grown diamonds jewellery. The shares of GOLDIAM INTERNATIONAL LTD. was last trading in BSE at Rs.419.55 as compared to the previous close of Rs. 416.45. The total number of shares traded during the day was 13036 in over 998 trades. The stock hit an intraday high of Rs. 427.8 and an intraday low of 416.45. The net turnover during the day was Rs. 5498242.

2021-03-31:

Ghaziabad Nagar Nigam on Wednesday raised Rs 150 crore by issuing a municipal bond on a private placement basis using the BSE BOND platform. Ghaziabad Nagar Nigam received 40 bids on the platform for Rs 401 crore.
Of these, institutional investors placed 12 bids for Rs 165 crore, and non-institutional investors placed 18 bids of Rs 265 crore, as per the statement.

FAQs

What is the gold rate in Ghaziabad for 916 hallmark gold?

The gold rate in Ghaziabad for 916 hallmark gold is ₹ 45,900. The 916 KDM gold rate in Ghaziabad is the same as the 22-carat hallmark gold.

What is the price of 1 gram of gold in Ghaziabad today?

The price of 1 gm gold in Ghaziabad today is ₹ 5,010 for 24 carats of gold and ₹ 45,900 for 22 carats of gold.

How is today’s gold rate in Ghaziabad 916 determined?

The gold rate in Ghaziabad can be determined using different factors such as the demand for gold; if there is low demand, then the gold rate in Ghaziabad is also low, and vice versa; interest rates in the developed countries. The gold rate in Ghaziabad is also affected by the various Government policies such as the tariffs on gold, the tariffs the local government charges, etc.

About Ghaziabad

Ghaziabad is a city in Uttar Pradesh and is known to be a part of the NCR. It is most popularly known as the administrative headquarters of the Ghaziabad district. It is also the largest and the most populous city in Western Uttar Pradesh. It was widely known to be India’s most famous centre for the Oil Engines Industry.

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