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Gold Rate In Ghaziabad Today

Due to its proximity to New Delhi and function as the state's primary entry, Ghaziabad is also known as the "Gateway of Uttar Pradesh." The highways and railroads link this planned industrial metropolis. Along U.S. Route 24 there are several residential and commercial development projects underway.

The population and number of residential developments in Ghaziabad have increased, as has the love for gold purchases among the locals. The majority of jewellers provide a large selection of styles and models and sell genuine BIS Hallmarked gold. All around the world, gold is currently regarded as an investment that offers a safe haven. Residents of Ghaziabad are making investments in the pricey metal.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹67,690₹72,570
Visakhapatnam ₹67,690₹72,570
Udupi ₹67,620₹72,470
Thrissur ₹67,680₹72,570
Shimoga ₹67,620₹72,480
Salem ₹67,710₹72,450
Ranchi ₹67,850₹72,630
Patna ₹67,600₹72,580
Nellore ₹67,660₹72,590
Nagercoil ₹67,740₹72,460
Kolhapur ₹67,700₹72,510
Nanded ₹67,740₹72,510
Ahmednagar ₹67,700₹72,510
Latur ₹67,700₹72,510
Amravati ₹67,700₹72,510
Solapur ₹67,730₹72,530
Jalgaon ₹67,700₹72,510
Thane ₹67,730₹72,560
Nashik ₹67,710₹72,540
Nagpur ₹67,720₹72,510
Pune ₹67,730₹72,510
Madurai ₹67,710₹72,480
Varanasi ₹67,610₹72,460
Ghaziabad ₹67,600₹72,490
Jhansi ₹67,600₹72,490
Gorakhpur ₹67,600₹72,490
Allahabad ₹67,600₹72,490
Meerut ₹67,640₹72,460
Raipur ₹67,850₹72,480
Lucknow ₹67,600₹72,490
Latur ₹67,700₹72,510
Kurnool ₹67,670₹72,580
Kozhikode ₹67,700₹72,580
Rourkela ₹67,600₹72,530
Berhampur ₹67,600₹72,530
Cuttack ₹67,600₹72,530
Kolkata ₹67,600₹72,530
Kolhapur ₹67,700₹72,510
Karur ₹67,730₹72,440
Kakinada ₹67,670₹72,600
Jhansi ₹67,600₹72,490
Jalgaon ₹67,700₹72,510
Udaipur ₹67,550₹72,570
Jodhpur ₹67,520₹72,570
Jaipur ₹67,500₹72,590
Khammam ₹68,050₹72,470
Nizamabad ₹68,050₹72,470
Karimnagar ₹68,050₹72,470
Hyderabad ₹68,050₹72,470
Gurgaon ₹67,510₹72,570
Gulbarga ₹67,620₹72,470
Gorakhpur ₹67,600₹72,490
Ghaziabad ₹67,600₹72,490
Faridabad ₹67,550₹72,550
Erode ₹67,710₹72,490
Cuttack ₹67,600₹72,530
Coimbatore ₹67,710₹72,460
Chennai ₹67,700₹72,400
Shimla ₹67,800₹72,550
Jammu ₹67,680₹72,480
Amritsar ₹67,550₹72,550
Ludhiana ₹67,600₹72,520
Chandigarh ₹67,550₹72,550
Bhubaneswar ₹67,600₹72,540
Belgaum ₹67,610₹72,490
Amritsar ₹67,550₹72,550
Amravati ₹67,700₹72,510
Ambala ₹67,530₹72,580
Allahabad ₹67,600₹72,490
Ahmednagar ₹67,700₹72,510
Ratlam ₹67,990₹72,580
Jabalpur ₹67,970₹72,580
Surat ₹67,580₹72,490
Bhopal ₹67,950₹72,570
Indore ₹68,000₹72,570
Ahmedabad ₹67,550₹72,480
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Best Places To Buy Gold In Ghaziabad

In any Indian home, gold is the most frequent object to be found. In addition to wearing it on special occasions, some purchase gold as an investment. Seasons for weddings, festivals, etc. see a spike in gold sales. Investors purchase gold because it is considered a safe-haven asset and does so in order to hedge against market changes. Following is a list of some of the top locations in Ghaziabad where you can buy gold -

  • Malabar Gold & Diamonds - Probably the fifth-largest jeweller in the world is Malabar. On the website, you can purchase real gold and diamond jewellery as well as order custom-made jewellery in the design of your choice. Designs incorporate geometric, peacock, butterfly, and floral elements that are both traditional and contemporary.
  • Voylla Jewellery - Voylla is a prominent supplier of fashionable jewellery. The store has a large selection of styles at reasonable costs. There are several designer collections available for both men and women.
  • Reliance Jewels - This firm is recognised for its excellent designs and collections and has a wealth of experience in the gem and jewellery sector. Their ranges of gold and diamond jewellery are recognised for featuring hand-selected and distinctive designs.
  • NBFCs - Gold is sold by reputable NBFCs like Meet Finance, Mahindra Finance, and others in addition to jewellery shops.

Historical Gold Rates in Ghaziabad

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Feb,2024₹52,290₹63,200

Gold As An Investment

Gold is a favourite among investors for a variety of reasons, and it offers benefits over more conventional assets like bonds and equities. They still see gold as a store of value even if it is an asset that doesn't provide cash flow. Following are some benefits of gold as an investment -

  • Hedge Against Inflation - Gold has historically been a fantastic inflation hedge due to its tendency to gain in value when living expenses rise. The recent stock market meltdown and surging gold prices, which happen when inflation is on the rise, were noticed by investors. This is because gold normally increases in price along with everything else since it is priced in units of money that lose purchasing power due to inflation.
  • Demand - Many of these countries have a lengthy cultural past involving gold. India is the world's second-largest consumer of gold, and it is utilised there for many different things, including jewellery. Due to the Indian wedding season, October often has the highest global demand for gold.
  • Geopolitical Commodity - The price of gold is supported by geopolitical uncertainty, especially when combined with monetary uncertainty. It is sometimes referred to as the "crisis commodity" because as global tensions mount, individuals seek for its comparatively secure shelter. It typically outperforms other investments at these times.

Things To Remember While Buying Gold In Ghaziabad

It is evident that anyone might make mistakes in a culture where utilising gold is so prevalent. So, no matter what kind of gold jewellery is bought, doing a few fast inspections might ensure that the buyer gets the most for their money. Following are some listed things an individual needs to check while buying gold in Ghaziabad -

  • Know About Costs - First, make sure the website where you buy your gold jewellery is trustworthy and complies with all regulations. The next action is to confirm the current gold price per gramme before making any in-person or online purchases. Make careful to check many websites, not just one, to learn the current price of gold. While it could vary somewhat for various jewellers and states, the difference won't be very noticeable.
  • Weight Check - The strength and price of a piece of gold are directly correlated with its weight. Gold jewellery is often measured in grammes. The price of the jewellery piece will increase as the value increases. Larger and thicker gold pieces are also more durable since they can withstand wear and tear from regular use.
  • Festive Season - It's important to consider the time of year when purchasing gold because the cost of the metal may unexpectedly rise around the holidays or even during an Indian wedding. Given that demand for gold jewellery often rises around this time, there is a mismatch between supply and demand to blame.
  • Keep A Check On Purity - Verify the quality of the gold in the jewellery item. The best location to look for that is on the object itself, the hallmark. A hallmark reveals the purity of the gold and the amount of gold that was actually used to make the item. The government agency in charge of authorising and hallmarking gold jewellery in India is called the Bureau of Indian Standards (BIS).

Factors Which Affect The Price Of Gold In Ghaziabad

To assist investors better understand why the price of gold varies continually, the following factors should be considered while buying gold. Scroll through the section to learn more about the elements that influence the price of gold -

  • Inflation - When there is inflation, money often loses value. Many people prefer to invest in gold because it offers protection against inflation.
  • Interest Rates - Inverse correlation exists between interest rates and gold prices. This suggests that a rise in interest rates will result in a decrease in the price of gold.
  • Import Duty - India is one of the major consumers of gold yet produces very little of it when compared to other countries. This indicates that the price of gold in Indian cities is significantly influenced by the cost of import. As import prices rise, the price of gold considerably rises.
  • Demand And Supply - The price of gold in Patna is significantly influenced by the supply and demand of the metal. As a result, whenever there is a mismatch between the supply and demand of gold, the price of gold fluctuates.

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FAQs

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

    You can check the hallmark symbol on the back side of the gold ornament. 

     

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

    Yes, there are additional taxes applicable when bringing gold from abroad to Ghaziabad.

     

  • How to check the purity of gold in Ghaziabad?

    The purity of gold is measured in karats, while 24 karats of gold indicate 99.9% purity, 22 karat gold on the other hand is 92% pure.

     

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

    The difference between 22 karat and 24 karat gold is in terms of purity. 22 karat is 92% pure and 24 karat gold is 99.9% pure. 

     

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

    The HUID number is used to double-check the BIS Hallmark in Ghaziabad and elsewhere.

     

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