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Gold Price in Aligarh
Aligarh is a well-known city in the state of Uttar Pradesh. The city is most popular for its university that houses some of the brightest minds of the nation. Aligarh played a crucial role during the pre-independence era and continues to be a culturally influential place.
Like most cities of the country, the people of Aligarh too have a considerable respect and love for the precious yellow metal. Gold forms an integral and indispensable part of all weddings and festivals that are celebrated in Aligarh. The price of the metal shows movement in line with the global price trends. Depending upon the percentage of gold used, the rate varies. So different variants are priced differently.
Trend of Gold Rate in Aligarh for April 2020 to June 2020 (per gram of 24 karat gold)
|First Day||Rs.4,253 per gram||Rs.4,699 per gram||Rs.4,799 per gram|
|Last Day||Rs.4,761 per gram||Rs.4,799 per gram||Rs.4,961 per gram|
|Highest Price||Rs.4,846 per gram on 29 April 2020||Rs.4,883 per gram on 18 and 19 May 2020||Rs.4,961 per gram on 30 June 2020|
|Lowest Price||Rs.4,253 per gram from 1 April to 20 April 2020||Rs.4,646 per gram on 2 May 2020||Rs.4,725 per gram on 8 June 2020|
Trend of Gold Rate in Aligarh for January 2020 to March 2020 (per gram of 24 karat gold)
|1st Day||Rs.3,995 per gram||Rs.4,169 per gram||Rs.4,274 per gram|
|Last Day||Rs.4,169 per gram||Rs.4,368 per gram||Rs.4,253 per gram|
|Highest Price||Rs.4,211 per gram on 9 January||Rs.4,394 per gram on 25 and 26 February||Rs.4,536 per gram on 7 March|
|Lowest Price||Rs.3,995 per gram on 1 January||Rs.4,116 per gram on 7 February||Rs.4,111 per gram on 20 March|
Rate of Gold in Aligarh
The rate of the metal is directly proportional to the demand for it. So lower the rates, higher is the demand and vice versa. More and more customers wish to procure gold when the metal is priced at a lower value while the demand slackens with increasing price.
Gold investment options in Aligarh
Gold can be invested in, in two ways. First is the age-old way of buying and keeping gold in its physical form and second is to invest in other more innovative and convenient instruments like gold ETFs or gold bonds. Let us take a look into each of these one by one.
The shine of the yellow metal continues to lure customers into buying it in all possible forms. While physical gold is good as a keepsake and for times of adversity, virtual gold is where most innovative investment options lie. Gold ETFs can be obtained from banks offering this financial instrument. These ETFs play on the current value of gold in the market and help customers invest in gold without even physically buying the metal. This is an easy and convenient option of investing in gold without taking the trouble to procure the metal in some physical form. Gold mutual funds are another financial instrument that are availed by the people of Aligarh. These funds invest in companies that are involved in gold mining. Gold is also traded in the futures and options market.
Over the counter
Over the counter gold can be procured from both jewelry shops as well as banks. While jewelry shops sell both gold jewelry pieces as well as gold coins and bullions, banks deal only with gold coins and bullions. Banks like ICICI, HDFC etc. vouch for the purity of their gold coins and offer it as an excellent investment option. Gold in various forms is also an expensive but ideal gifting article. Most weddings and birthdays are incomplete in India without the exchange of this precious metal.
Also Check Gold Price in NearBy Cities of Aligarh
|Gold Rate In Noida||Gold Rate In Agra||Gold Rate In Bareilly|
|Gold Rate In Lucknow||Gold Rate In Meerut||Gold Rate In Ghaziabad|
|Gold Rate In Kanpur||Gold Rate In Varanasi||Gold Rate In Allahabad|
- Also Check: Gold Rate in Uttar Pradesh
Read more on Gold
- Lack Of Credibility In India's Hallmarked Jewelleries
- Why Gold Prices Are Up
- Things To Remember Before Buying Gold Jewellery
- Why Investing In Gold Is A Golden Opportunity