Gold rate in Noida
gold rate in noida

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

A bustling urban hub and a prominent city in the National Capital Region of India, Noida is the acronym for New Okhla Industrial Development Authority. Now a technological and business hub with modern office spaces and swanky malls, Noida has emerged as a green city, with its well-planned, integrated city spaces, DND flyover, and smooth inter-state road linkages.

From its famed Film City to its contemporary Industrial City, Noida is synonymous with fast track development and as a bustling hub for the country's top corporates. For the same reason, investors from all walks of life flock to Noida and look for real estate and gold investment options. It is popularly said that Noida enjoys the advantages of Delhi, without any of the disadvantages.

22K & 24K Gold Rates Per Gram in Noida

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%)

Factors that affect gold prices in Noida

Gold price fluctuations can be analysed based on the following variables:

Changes in currency rates

In the international market, gold is traded in US dollars. Converting USD is necessary to determine the import expenses. Changes in USD pricing affect the overall costs in USD and INR. As a result, the cost of imports, sales, etc., changes every day.

The connection between inflation and gold prices

It means that rising levels of inflation will most likely lead gold prices to increase as the value of money is likely to drop. Gold price swings frequently have a direct impact on inflation.

Impact of interest rates on the price of gold

Interest rates and gold prices typically have an inverse correlation. This may be because when interest rates drop, people do not get sizeable returns on their deposits and believe that investing in gold will yield higher returns. Due to this increase in demand, gold's price naturally rises. As interest rates rise, however, people typically sell their gold and put their money in deposits where they may earn more interest. As a result, fewer people buy gold, which drives down the price.

Supply and demand

Supply and demand factors have an impact on the current gold rate in Noida. Due to a combination of strong demand and limited supply, gold prices have increased in Noida. During festive occasions such as Dhanteras Diwali, there is a surge in demand for gold.

Jewellery Market

On special occasions like weddings and other religious celebrations, most residents in Noida like to celebrate with gold jewellery or gold coins. Weddings are one of the busiest seasons for most jewellery showrooms in Noida. Also, the festive season is another popular occasion when people buy gold jewellery.

Historical gold rates in Noida 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%)

Gold investment options in Noida

When it comes to investing in gold, a potential investor has a wide range of choices:

Digital gold

In the financial sector, digital gold has recently gained popularity. It can be purchased online and is usually kept by the seller on behalf of the buyer in secure vaults. 24-karat Hallmark gold can be purchased or sold for as little as ₹1.

Sovereign gold bond

Government securities known as sovereign gold bonds are valued in grams of gold. Sovereign gold bonds are the safest way to invest in gold since they are issued on behalf of the Government of India by none other than the Reserve Bank of India. Bonds will be redeemed in cash at maturity when investors have paid the issuing price in cash.

Due to their lower vulnerability to market risks and variations, sovereign gold bonds are a safe investment strategy.

Investment in actual gold

Investing in physical gold items like gold coins, bars or bullion has been one of the traditional methods. This real gold purchase carries a minimal risk of deceit but a significant danger of theft and storage expenses if you opt for a bank locker.

Gold Exchange-traded funds (ETFs) 

An exchange-traded fund (ETF) that follows the domestic physical gold price is known as a gold ETF. They are passive investment tools that invest in gold bullion and are dependent on gold prices. Essentially, gold ETFs represent physical gold, whether it is paper or dematerialised.

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

Hallmark and 916 Different Gold Varieties

Hallmark gold

Gold that has been certified and put through the quality assurance and verification procedure is known as hallmark gold. This hallmarking procedure is carried out by the Bureau of Indian Standards (BIS), a government agency, to guarantee the purity and fineness of a gold object. 

916 gold

It is 22 Karat gold, also known as 916 gold. The number 91.6, or 91.6 grams of pure gold in a 100-gram alloy, is essentially used to indicate the purity of gold in the finished product.

Trend of Gold rates in Noida

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 Noida?

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 Noida

Can I purchase gold coins in India without having a bank account?

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Is there a difference between the hallmark gold rate and the normal gold rate?

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Does the gold rate affect the sale and buying of gold ornaments?

 

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How do beginners invest in gold?

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