Gold rate in Budaun
gold rate in budaun

24K Gold/ 10gm
57,440.00
0.00(0.00%)
22K Gold/ 10gm
54,700.00
0.00(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Budaun is a city in Uttar Pradesh state in northern India. Budaun city was one of the ancient towns of Aryavarta according to the Vedic scriptures and Hindu mythology. The town was founded by and named after Sultan Bud Shah, who ruled from 1354 to 1389 AD.

Budaun has been selected as one of 100 Indian cities to be developed as a smart city under PM Narendra Modi's flagship Smart Cities Mission. Globally, India is one of the largest consumers of gold, where yellow metal is used for jewellery purposes and investment. Budaun is one of the famous cities for investment and jewellery purposes.

People in Budaun prefer to buy gold at a lower price than what is charged in bigger cities like Delhi, Mumbai and Kolkata.

22K & 24K Gold Rates Per Gram in Budaun

24K
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GramYesterdayToday
1gm
5,744.00
0.00 (0.00%)
5,744.00
0.00 (0.00%)
8gm
45,952.00
0.00 (0.00%)
45,952.00
0.00 (0.00%)
10gm
57,440.00
0.00 (0.00%)
57,440.00
0.00 (0.00%)
100gm
5,74,400.00
0.00 (0.00%)
5,74,400.00
0.00 (0.00%)

Some Interesting Facts on Gold and Gold Rates Budaun vs Other Cities

Gold is used for many purposes worldwide, including electronics, dentistry and jewellery. It is also a precious metal, commodity and hedge against inflation.

Gold was first discovered in Turkey by the Egyptians, who mined it 2000 years before Christ was born. They found that gold could make their country's army invincible! It was so important to them that they covered their temples with sheets of gold, just like we cover our houses with sheets of glass or plastic today!

Comparison Between 24K and 22K Gold

The market offers more than five varieties of gold, divided into categories based on quality. However, they are most commonly used in 18K, 22K, and 24K.

24K (99.9% pure) is the purest form of gold, containing no impurities, and is used in gold bars and biscuits. It is unsuitable for making jewellery because of its softness to resist wear and tear.

22K (92% pure) is suitable for making jewellery and ornaments.

The price of 24K gold is the highest because of its purity compared to 22K.

Historical gold rates in Budaun in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
03 Feb 2023
5,744.00
0.00 (0.00%)
5,470.00
0.00 (0.00%)
02 Feb 2023
5,744.00
90.00 (1.60%)
5,470.00
85.00 (1.58%)
01 Feb 2023
5,654.00
26.00 (0.47%)
5,385.00
25.00 (0.47%)
31 Jan 2023
5,628.00
-16.00 (-0.28%)
5,360.00
-15.00 (-0.27%)
30 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
29 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
28 Jan 2023
5,644.00
16.00 (0.29%)
5,375.00
15.00 (0.28%)
27 Jan 2023
5,628.00
-63.00 (-1.10%)
5,360.00
-60.00 (-1.10%)
26 Jan 2023
5,691.00
42.00 (0.75%)
5,420.00
40.00 (0.75%)

Gold vs other investment options

In Budaun, Gold investments are typically found in coins, bars, and jewellery. However, new gold investing routes have opened up recently, giving investors new chances to trade in gold. Presently, investors have access to mutual funds and stocks tied to gold. Some of the more well-liked methods of purchasing gold in Budaun include the following:

  • The most common method of gold investment in Budaun is still purchasing gold jewellery. People from all social groups frequently buy gold at auspicious events since it is a secure investment. But there is only one disadvantage of buying gold jewellery and paying for the making charges, which increases the cost by an additional 10%.
  • Gold coins, biscuits, and bars are another way to invest in gold.
  • Gold ETFs (Exchange Traded Funds) are specific financial products that combine the simplicity of gold investments with the flexibility of stock investments. They offer an investment strategy that is even more intriguing.
  • Gold mutual funds can also be an option for investment. 
  • Import and Export of gold with the permission of authorities and the proper paperwork yields a large amount of money, and it is also helpful in making social connections with various people from different parts of the world.

Weekly & monthly gold rate in Budaun
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

How is the Purity of Gold Evaluated in Budaun?

Jewellery is more than just a trendy accessory. Therefore, you should know the quality and purity of the gold you purchase.

Indian Bullion Association: They determine the price of gold in every part of the

country, and the dealers are required to include the purity hallmark symbol in their goods. Since India does not mine their gold, we do not necessarily need to be concerned about market fluctuations. Still, global variables significantly affect the purchasing power of importers and the general population.

Bureau of Indian Standards (BIS): BIS is a government agency certifying gold purity.

The four main elements of BIS marking are mentioned below:

  • BIS Mark
  • The identification mark of jewellers.
  • Karat's purity
  • Hallmark number

Karat represents the purity of gold. 

  • 24 K = 99.9% Pure
  • 22 K = 91.3% Pure
  • 18 K = 75% Pure
  • 14 K = 58.5% Pure
  • 10 K = 41.7% Pure

Trend of Gold rates in Budaun

1 gram
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Day24K Gold22K Gold
01 February 202356545385
07 February 202300
Highest57445470
Lowest56545385

Impact of GST / Central Bank Policies on Gold Rate in Budaun

Government policies: There is a 3% GST on gold in India. Additionally, jewellers add a GST manufacturing charge of 5% to the pricing.

Interest rates: It also affects the daily rates of gold.

Supply and Demand: High demand for goods leads to an increased price of gold in the city and the whole country.

FAQs of Gold price in Budaun

Will gold prices decrease in Budaun?

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Is gold price the same across every part of India?

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Which nation offers the cheapest gold?

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Is it a good time to buy gold?

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