Gold rate in Moradabad
gold rate in moradabad

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

Moradabad is famous for its brass handicrafts and is thus called "Pital Nagri" (Brass City). It is an important industrial and export hub and one of the most populous cities in Uttar Pradesh (UP). The high per capita income in the city makes it one of the leading markets for purchasing gold jewellery in UP.
Moradabad is located on the banks of the Ramganga River. Moradabad is just 167 km (104 mi) away from New Delhi and around 344 km (213.75 mi) to the northwest of Lucknow. This proximity to both the national and state capitals makes Moradabad a hub of gold trade. Continue reading to find out more about today's per-gram gold price in Moradabad for both 24-karat and 22-karat gold.

22K & 24K Gold Rates Per Gram in Moradabad

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%)
Top 5 Reasons for Gold Rate Fluctuation in Moradabad
Festive and Auspicious Occasions
A love for gold seems to unite all Indians, and the people of Moradabad are no exception. They buy gold, especially jewellery, during the wedding season, festivals like Diwali or Dhanteras, and other auspicious occasions. For this reason, the demand for gold increases during months such as October to January and April to May. The excess demand drives up gold rates in the city during these times of the year.
Purity of Gold
Gold rates vary according to the purity levels. At 99.9% purity, 24-karat is the purest form of gold available. The gold jewellery you wear is usually made of 22-karat gold (91.6% purity) because 24K gold is very soft and difficult to mould. However, you will also find hallmarked gold ornaments made of 14-karat or 18-karat gold.
Metals added to Gold
Apart from the typical yellow gold, you will also find white and rose gold in the markets of Moradabad. The colour variation is due to the presence of different metals mixed with gold. Rose gold is an alloy of gold with copper. White gold contains a certain percentage of silver, nickel or palladium. Yellow gold jewellery remains the most popular choice in Moradabad, as in most parts of India. The prices of these metals affect the price of physical gold, especially jewellery.
Gold Reserves held by the Government
When the Reserve Bank of India (RBI) procures and holds more gold in its reserve, the supply of gold in the market decreases and cash flow increases. This, in turn, increases the price of gold.
Inflation
Rising inflation causes economic uncertainty. As gold has a time-tested store value, people start buying gold to preserve the value of their wealth.

Historical gold rates in Moradabad 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%)
How to Buy Gold in Moradabad?
Most people in Moradabad buy physical gold in the form of jewellery, bars, biscuits or coins. If you plan to buy gold in this city as an investment, buying gold jewellery may not be the best option. This is because you may not always get the best price while selling your gold jewellery. Instead, you can invest in alternatives to physical gold, such as - - Digital Gold (with no physical delivery of the product) - Gold Exchange-Traded Funds (ETFs) - Gold Mutual Funds - Sovereign Gold Bonds (SGBs)

Weekly & monthly gold rate in Moradabad
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Different Types of Gold in Moradabad
Hallmarked Gold
The Bureau of Indian Standards (BIS) hallmarks gold jewellery to ensure its purity and authenticity. If an ornament passes their quality standards, BIS certifies the gold item by engraving it with laser. If you want to buy BIS-hallmarked gold in Moradabad, check these four things: - Standard BIS Logo - Number or logo of the hallmarking centre - Logo or mark of the Moradabad jeweller's identification - The denomination of the purity of gold
KDM Gold
This kind of gold contains 92% of pure gold and 8% cadmium. As cadmium is toxic and can adversely affect the health of the artisans working with it, the Bureau of Indian standards has banned KDM gold in India.
916 Purity
The 916 purity level refers to 22-karat hallmarked gold. 916 represents 91.6 grams of pure gold per 100 grams. It contains 8.4% of other metals (such as silver, copper, etc.). BIS 916 gold is usually used to make jewellery.

Trend of Gold rates in Moradabad

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

How is the Purity of Gold Evaluated in Moradabad?

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.

Frequently Asked Questions on Gold Price in Moradabad
What is the HUID code in gold jewellery in Moradabad?
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Which are the best jewellery shops to buy gold coins, biscuits and bars in Moradabad?
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Has GST increased the gold rate in Moradabad?
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How can you check whether your gold ornament (bought in Moradabad) is pure?
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