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Gold Rate in Faridabad

Gold is a highly popular investment in India for a myriad of reasons, including its high liquidity and ability to withstand inflation.


Gold has historically been liked by investors, and it is not secret that the price of gold has risen considerably over the last few decades. The current gold rate in Faridabad is 1 gram, ₹4,700, ₹4,935 ; 8 gram, ₹37,600, ₹39,480.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Nagercoil ₹57,600₹60,480
Erode ₹57,600₹60,480
Solapur ₹57,600₹60,480
Meerut ₹57,600₹60,480
Thrissur ₹57,600₹60,480
Chandigarh ₹57,600₹60,480
Raipur ₹57,600₹60,480
Amritsar ₹57,600₹60,480
Surat ₹57,600₹60,480
Proddatur ₹57,600₹60,480
Jalgaon ₹57,600₹60,480
Mangalore ₹57,600₹60,480
Ludhiana ₹57,600₹60,480
Bhopal ₹57,600₹60,480
Thane ₹57,600₹60,480
Nellore ₹57,600₹60,480
Bhubaneswar ₹57,600₹60,480
Nashik ₹57,600₹60,480
Kochi ₹57,600₹60,480
Visakhapatnam ₹57,600₹60,480
Salem ₹57,600₹60,480
Nagpur ₹57,600₹60,480
Patna ₹57,600₹60,480
Indore ₹57,600₹60,480
Lucknow ₹57,600₹60,480
Jaipur ₹57,600₹60,480
Mysore ₹57,600₹60,480
Madurai ₹57,600₹60,480
Coimbatore ₹57,600₹60,480
Ahmedabad ₹57,600₹60,480
Kolkata ₹57,600₹60,480
Vijayawada ₹57,600₹60,480
Pune ₹57,600₹60,480
Delhi ₹57,600₹60,480
Hyderabad ₹57,600₹60,480
Bangalore ₹57,600₹60,480
Chennai ₹57,600₹60,480
Jodhpur ₹57,600₹60,480
Ambala ₹57,600₹60,480
Gorakhpur ₹57,600₹60,480
Berhampur ₹57,600₹60,480
Kolhapur ₹57,600₹60,480
Allahabad ₹57,600₹60,480
Vizianagaram ₹57,600₹60,480
Kurnool ₹57,600₹60,480
Udaipur ₹57,600₹60,480
Rourkela ₹57,600₹60,480
Kozhikode ₹57,600₹60,480
Karur ₹57,600₹60,480
Khammam ₹57,600₹60,480
Ghaziabad ₹57,600₹60,480
Varanasi ₹57,600₹60,480
Hosur ₹57,600₹60,480
Jabalpur ₹57,600₹60,480
Latur ₹57,600₹60,480
Ratlam ₹57,600₹60,480
Shimla ₹57,600₹60,480
Nizamabad ₹57,600₹60,480
Amravati ₹57,600₹60,480
Shimoga ₹57,600₹60,480
Nanded ₹57,600₹60,480
Faridabad ₹57,600₹60,480
Ahmednagar ₹57,600₹60,480
Cuttack ₹57,600₹60,480
Jhansi ₹57,600₹60,480
Gurgaon ₹57,600₹60,480
Belgaum ₹57,600₹60,480
Kakinada ₹57,600₹60,480
Ranchi ₹57,600₹60,480
Karimnagar ₹57,600₹60,480
Kumbakonam ₹57,600₹60,480
Udupi ₹57,600₹60,480
Jammu ₹57,600₹60,480
05-Jun-2023
Gold Price in Faridabad
₹60,480/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹57,600₹60,4800.0%
Yesterday₹57,600₹60,4800.0%
Above Price as per 10 gm
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Today 22 Carat Gold Rate in Faridabad

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,0000.0%
Yesterday Price₹5,760₹46,080₹57,600₹5,76,0000.0%

Today 24 Carat Gold Rate in Faridabad

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,048₹48,384₹60,480₹6,04,8000.0%
Yesterday Price₹6,048₹48,384₹60,480₹6,04,8000.0%

Best Places to Buy Gold in Faridabad

Below are some of the best places to buy gold in Faridabad:

  1. Tanishq Jewellers- Tanishq Jewellery is a well-known chain jewellery store in Faridabad. The jewellery store has become well-known for its gorgeous designs and collections. They want to help their customers benefit from the latest and forthcoming trends in acquiring and investing in gold and diamond jewellery. Sign up for their email list to receive exclusive discounts and info from the jewellery store. They offer gift certificates. Tanishq Jewellery in Faridabad also offers a variety of wedding jewellery packages.
  2. PC Jeweller- PC Jeweller is a well-known jewellery store in Faridabad. The shop is dedicated to providing you with an exceptional jewellery purchasing experience in Faridabad. PC Jeweller offers unrivalled quality, unbeatable value, and absolutely amazing service. The jewellery store attempts to offer you the widest collection of handpicked designs for every occasion. Their policies include the BIS hallmark, 100% certified jewellery, easy returns, honest pricing, and one-of-a-kind creations. Furthermore, PC Jeweller offers free shipping.
  3. Mangla Sons Jewellers- Mangla Sons Jewellers is a well-known jewellery store in Faridabad. ManglaSons Jewellers' objective is to supply devoted consumers with high-ethical-standard understanding about their jewellery items and services. They specialise in stunning Hallmarked Gold, Silver, and Diamond Jewellery collections. ManglaSons Jewellers employs a professional workforce that exhibits a wide range of skills.
  4. NBFCs- You can also find some well known NBFCs such as Home India Finance Corp, Shriram Transport Finance Corp, HDB Financial Services etc.

Gold Rate / 10g in Faridabad for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
05-Jun-2023₹57,600+0.0₹60,480
04-Jun-2023₹57,600+0.0₹60,480
03-Jun-2023₹57,600+0.0₹60,480
02-Jun-2023₹57,600+0.0₹60,480
01-Jun-2023₹57,600+0.0₹60,480
31-May-2023₹57,600+0.0₹60,480
30-May-2023₹57,600+0.0₹60,480
29-May-2023₹57,600+0.0₹60,480
28-May-2023₹57,600+0.0₹60,480
27-May-2023₹57,600+0.0₹60,480
26-May-2023₹57,600+0.0₹60,480
25-May-2023₹57,600+0.0₹60,480

Historical Gold Rates in Faridabad

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Feb,2023₹55,230₹56,910

Gold As An Investment

As an investment option, gold offers a number of advantages. Here are a few of these advantages:

  1. Greater Liquidity: Gold investing has a high level of liquidity, which is advantageous. Whether you buy gold in person or through an online investing account, selling it is simple. It is unlawful to sell gold. Other tangible assets, such as real estate, may be more difficult to sell. Actual gold as well as gold stored digitally or through gold ETFs
  2. More Choices- There are other choices; you do not have to buy gold in physical form to invest in it. Another option is to purchase gold online. There are more asset classes available for investing in gold than only physical and digital investments. There are also several physical gold products available, such as gold coins and bars, as well as jewellery. If you wish to invest in gold online, you have three options: digital gold, gold ETFs, and gold mutual funds.
  3. Contributes to Asset Allocation: Diversifying your portfolio reduces your investment risk. Include investments in your portfolio that are not intricately linked when building your savings strategy. When you invest in gold, you minimise the total risk and volatility of your portfolio. When purchasing gold online in various formats, the security and purity issues that arise when purchasing real gold as an investment are eliminated.
  4. Protect Your Assets Against Inflation- When making investments, you should consider inflation because it may have an impact on your profits. Gold investments offer inflation protection. Inflation decreases the value of a currency. When inflation in India regularly exceeds interest rates, the real return on investment is negative.

Things To Remember While Buying Gold In Faridabad

There are a few crucial factors to consider when purchasing gold, such as:

  1. Manufacturing Process - In this age of mass manufacturing, jewellery made by machines is more frequent than jewellery made by humans. Because machine-made objects have lower production costs than handcrafted items, mass-produced ornaments are less expensive. By discussing the piece's origin, a buyer may be able to secure a better deal.
  2. Check the weight - Gold jewellery is sometimes sold by the ounce in India, with larger items costing more. Precious stones, such as diamonds and emeralds, are frequently used to increase the weight of gold jewellery. It is vital to know that jewellers weigh each item individually, thus while acquiring studded jewellery, one runs the danger of overpaying for gold that isn't present.
  3. Purchase Period - Demand for gold rises at specific times, forcing gold prices to rise inevitably. Purchasing gold jewellery during the off-season, when prices are lower and numerous discounts are available, is a good decision.
  4. Buybacks - Most jewellers offer the buyback option, which allows customers to swap their used jewellery sets for new ones. Inquiring about buybacks before making a purchase may come in handy if you grow weary of your jewellery because, while trends and fashions come and go, gold's value never changes.

Factors Which Affect The Price Of Gold In Faridabad

Many factors determine the price of gold. Some of these are mentioned below:

  1. Public Gold Reserves - The central banks of the vast majority of large countries have both cash and gold reserves. The Reserve Bank of India and the Federal Reserve Bank of the United States are two prominent examples of this. As major central banks begin to expand their gold holdings and purchases, the price of gold rises. This is due to the increased cash flow in the market and the falling gold supply.
  2. Trends in Interest Rates - Demand for gold and interest rates on financial goods and services are inextricably linked. In general, the present price of gold is an accurate predictor of future changes in a country's interest rates. When interest rates rise, customers usually sell gold to get cash, increasing the metal's availability and lowering its price.
  3. Usage- Gold jewellery is especially popular in India's jewellery sector. Gold jewellery continues to hold an unique place in Indian homes, whether worn on special occasions or for birthdays. Gold prices rise throughout the wedding season and during key holidays such as Diwali due to increased consumer demand. Price increases when supply and demand are out of balance.

News and Articles

FAQs

  • How to check for the hallmarked 916 22 karats gold in Faridabad?

    One can look for the hallmark symbol on the back of the gold ornament.

  • Do I need to pay tax on bringing gold into Faridabad from abroad?

    Yes, you’ll have to pay additional taxes that are applicable when carrying gold from abroad to Faridabad.

  • How to check the purity of gold in Faridabad?

    The purity of gold can be looked into after checking the number of  karats. If it is 24 karats, then it indicates a higher level of purity as compared to 22 Karats.

  • What is the difference between 22 karats and 24 karat gold?

    The major difference that lies between them is with regard to the level of purity. The percentage of purity is 99.9% for 24 karat gold  whereas in 22 karat, it is 92%.

  • How do you double-check your BIS hallmark in Faridabad?

    The HUID number can be used to double-check the BIS Hallmark in Faridabad.

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