Gold rate in Ghaziabad
gold rate in ghaziabad

24K Gold/ 10gm
56,440.00
0.00(0.00%)
22K Gold/ 10gm
53,750.00
0.00(0.00%)

Last updated on: 29th Jan 2023 9:00 AM

Owing to its proximity to New Delhi, Ghaziabad, the Gateway to Uttar Pradesh, serves as the state's primary entry. It is a planned industrial city linked by highways and trains. Numerous business and residential construction projects are being developed along National Highway 24.

Since gold is a safe asset, investors purchase it to safeguard themselves against market fluctuations. People in Ghaziabad perceive gold as a symbol of status and wealth. As a result, Ghaziabad is now a thriving gold market.

22K & 24K Gold Rates Per Gram in Ghaziabad

24K
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GramYesterdayToday
1gm
5,644.00
0.00 (0.00%)
5,644.00
0.00 (0.00%)
8gm
45,152.00
0.00 (0.00%)
45,152.00
0.00 (0.00%)
10gm
56,440.00
0.00 (0.00%)
56,440.00
0.00 (0.00%)
100gm
5,64,400.00
0.00 (0.00%)
5,64,400.00
0.00 (0.00%)

Gold Investment Opportunities in Ghaziabad

People acquire gold as an investment or to wear on special occasions. Weddings, festivals and other auspicious events drive gold sales. Since gold has proven to provide long-term returns even during economic uncertainty, investors purchase it to safeguard their investments against market swings.

In Ghaziabad, you can purchase gold in the following ways: 

  • The most conventional method of purchasing gold is to buy over-the-counter. Ghaziabad residents can buy gold from various certified jewellers and jewellery stores. 
  • You can also purchase gold coins and bars via jewellers and banks. It is more expensive to buy gold from a bank, but you also receive a purity certificate. 
  • You can acquire gold by trading e-gold on the National Spot Exchange. 
  • You can trade gold on commodity markets such as the National Commodity & Derivatives Exchange (NCDEX), the National Spot Exchange Limited (NSEL), and the Multi Commodity Exchange of India (MCX). 
  • Other gold investment options in Ghaziabad include gold Exchange Traded Funds (ETFs), sovereign government bonds (SGBs) and gold saving funds.

Some Tips for Buyers Before Purchasing Gold Jewellery in Ghaziabad

It would help if you kept a few things in mind before purchasing gold jewellery in the city.

  • Purity: Double-check for the purity hallmark on your gold item when purchasing gold in Ghaziabad. It is impossible to obtain 100% pure gold jewellery because pure gold is too soft to be moulded into ornaments. Metals like zinc, copper and silver are mixed with pure gold to lend it hardness to be shaped into jewellery.
    Always buy items with a hallmark stamp to ensure the purity of your gold. You should also request a BIS (Bureau of Indian Standards) certificate, which authenticates hallmarked gold jewellery in India. The BIS hallmark is also present on the ornament/coin/bar.
  • Locker Price: Everyone wants to keep their gold secure. Getting a locker is one of the best ways to secure the safety of your physical gold assets.
  • Gold Rate: Do not forget to search for the gold rate in Ghaziabad 24k on the day of purchase. Local jewellers, local import duty, and gold exchange rates determine prices. Remember that rates for 916k gold differ across all the cities in India.

Investing in gold is a wise choice, but analyse the present market state, the scope of return, and other factors. For example, if you see that the gold rate in Ghaziabad is higher, but the price of real estate is showing signs of decreasing, then investing in real estate would be the wiser option.

Historical gold rates in Ghaziabad in last 10 days

1 gram
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Day24K Gold22K Gold
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%)
25 Jan 2023
5,649.00
0.00 (0.00%)
5,380.00
0.00 (0.00%)
24 Jan 2023
5,649.00
37.00 (0.66%)
5,380.00
35.00 (0.66%)
23 Jan 2023
5,612.00
10.00 (0.18%)
5,345.00
10.00 (0.19%)
22 Jan 2023
5,602.00
0.00 (0.00%)
5,335.00
0.00 (0.00%)
21 Jan 2023
5,602.00
-10.00 (-0.17%)
5,335.00
-10.00 (-0.18%)

Who Decides the Gold Rates in Ghaziabad?

The IBJA (The Indian Bullion Jewellers Association) plays a vital role in determining the daily gold rates in Ghaziabad. IBJA consists of the country's most prominent gold dealers. They account for the lion’s share of gold that is sold and bought in the country and hence, has the power to determine the gold price across the country.

Banks are the largest importers of gold in the country. However, they add a fee to the imported gold before selling it to a supplier, increasing the purchase price at the source. By the time it reaches you, the price you pay for gold includes various charges. For instance, when you buy gold jewellery, you may also need to pay a making price.

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

Gold vs. FD

Both gold and fixed deposits are popular investment instruments. However, both share some differences, too. To begin with, returns from FD are guaranteed and fixed. Market fluctuations or economic conditions don’t affect your interest income.

On the other hand, gold rates can fluctuate. This is because gold rates get decided daily. They could go up or down based on economic conditions. But per historical trends, gold rates have always gone up in the longer term.

Trend of Gold rates in Ghaziabad

1 gram
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Day24K Gold22K Gold
01 January 202354295170
30 January 202356445375
Highest56915420
Lowest54025145

How is the Purity of Gold Evaluated in Ghaziabad?

Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.

  1. BIS Mark

    Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.

  2. Karat

    Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.

  3. Jewellers Identification Mark

    The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.

FAQs of Gold price in Ghaziabad

What is the nature of the demand for gold jewellery in Ghaziabad? 

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Which one should I choose? 22k or 24k gold?

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Which is preferable: a personal loan or a gold loan? 

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How much gold is in one 'tola?'

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