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  • Gold Rate In Faridabad

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    07 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    06 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    05 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    04 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    02 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,893 ₹ 23,144
    01 Dec 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    30 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    29 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    28 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    27 Nov 2016 ₹ 2,800 ₹ 22,400 ₹ 2,929 ₹ 23,432

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Faridabad is located in the state of Haryana and is the state’s largest city. It is considered to be one of the main industrial hubs of the National Capital Region, which surrounds New Delhi, Noida and Gurgaon. From a geographic and political standpoint, Faridabad is also considered to be a much sought after location for companies to set up operations. With a population of around 2 million, Faridabad is a hot bed for gold demand due to the fairly high earning capacity of its residents, who purchase gold for a variety of reasons, such as weddings, social gatherings and much more.

    Gold Rate In Faridabad

    Gold rates or prices in the city of Faridabad can vary depending on factors such as the purity of the gold as well as the weight. The weight categories for both 22 karat and 24 karat gold are segregated into weights of 8 grams, 10 grams, 100 grams, 1 kilogram and more.

    22 Karat Gold

    22 Karat gold is made up of approximately 92% pure gold. The remaining 8% is usually made up of a mix of some kind of alloy, namely zinc or nickel among others. 22 karat gold is popular in India due to it’s reasonable cost and is used mostly in making jewellery for everyday wear. The gold rates for 22 karat gold in Faridabad as of 10th March 2016 for different weight categories are as follows:

    Date

    Weight

    22 Karat Gold Rate

    10th March 2016

    1 gram

    Rs 2,773

    10th March 2016

    8 grams

    Rs 22,184

    10th March 2016

    10 grams

    Rs 27,730

    10th March 2016

    100 grams

    Rs 277,300

    10th March 2016

    1 kilogram

    Rs 2,773,000

    10th March 2016

    1 tola

    Rs 32,168

    Gold rates for 22 karat gold increased from Rs 2,753 per gram on March 3rd 2016 to Rs 2,773 per gram on March 10th 2016. However, gold rates hit a weekly high of Rs 2,795 on March 9th 2016.

    Gold rates for 22 karat gold of 8 gram weightage reduced from Rs 22,360 on March 9th 2016 to Rs 22,184 on March 10th 2016.

    24 Karat Gold

    24 karat gold is gold in its purest form and is made up of 99.95% of pure gold with trace mixes of other alloys making up the remaining 0.5%. This form of gold is not known for its firmness, and is generally used in gold bars and bullion rather than in jewellery. The gold rates for 24 karat gold in Faridabad as of 10th March 2016 for different weight categories are as follows:

    Date

    Weight

    24 Karat Gold Rate

    10th March 2016

    1 gram

    Rs 2,966

    10th March 2016

    8 grams

    Rs 23,728

    10th March 2016

    10 grams

    Rs 29,660

    10th March 2016

    100 grams

    Rs 296,600

    10th March 2016

    1 kilogram

    Rs 2,966,000

    10th March 2016

    1 tola

    Rs 34,407

    Gold rates for 24 karat gold increased from Rs 2,949 per gram on March 3rd 2016 to Rs 2,966 per gram on March 10th 2016. However, gold rates hit a weekly high of Rs 2,991 on March 9th 2016. Gold rates for 22 karat gold of 8 gram weightage reduced from Rs 22,928 on March 9th 2016 to Rs 23,728 on March 10th 2016.

    Gold Rate Trend in Faridabad for July 2016 to September 2016 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.3,167 per gram Rs.3,219 per gram Rs.3,184 per gram
    Last day Rs.3,219 per gram Rs.3,205 per gram Rs.3,217 per gram
    Highest price Rs.3,227 per gram from 7th to 9th July Rs.3,248 per gram on 4th and 10th August Rs.3,228 per gram from 7th to 12th September
    Lowest price Rs.3,163 per gram on 22nd July Rs.3,205 per gram from 26th to 31st August Rs.3,184 per gram on 1st and 2nd September
    Trend Incline Slight decline Incline
    Change +1.64% -0.43% +1.04%

    Gold Rate Trend of Faridabad in July 2016

    • Demand for gold was on the rise this month as market trends were bright.
    • On 1st July, gold traded at Rs.3,167 per gram.
    • From 7th to 9th July, gold rates reached their highest for this month, trading at Rs.3,227 per gram.
    • In the third week, demand dropped and prices of gold were low.
    • Gold was able to recover at the end of the month on the back of growing demand.
    • Gold traded at Rs.3,219 per gram on 31st July indicating an increase of 1.64% in gold prices this month.

    Gold Rate Trend of Faridabad in August 2016

    • The price of gold remained constant till 9th August with gold trading at Rs.3,219 per gram.
    • The festive season led to an increase in offtake by retailers and jewellers in the domestic market which gave gold prices support to climb up.
    • Towards the latter half of the month, gold prices started to drop as anticipation of the Fed rate hike grew stronger.
    • On 31st August, gold traded at Rs.3,205 per gram marking a decline of 0.43% in gold prices this month.

    Gold Rate Trend of Faridabad in September 2016

    • September began with gold trading at its lowest for this month. On 1st and 2nd September, the price of gold was at Rs.3,184 per gram.
    • Gold performed well this month on the back of the Fed rate hike being put on hold till December.
    • The U.S. Federal Reserve made the move to delay the hike as the presidential elections of the U.S. were too close.
    • The market turned bullish and demand for the yellow metal gained momentum.
    • Gold prices climbed to Rs.3,217 per gram on 30th September.
    • The trend for this month was an increase of 1.04%.

    Gold Rate Trend in Faridabad for April 2016 to June 2016 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs. 2,943 per gram Rs. 3,119 per gram Rs.2,960 per gram
    Last day Rs. 3,119 per gram Rs. 2,960 per gram Rs.3,167 per gram
    Highest price Rs.3,119 per gram on 30th of April Rs. 3,120 per gram from the 7th to the 9th of May Rs.3,182 per gram on 28th and 29th June
    Lowest price Rs. 2,933 per gram on the 5th of April. Rs. 2,960 per gram from the 28th to the 31st of May Rs.2,960 per gram from 2nd-5th June
    Trend Rising Decline Increase in price
    Change Rs. 176 per gram Rs. 159 per gram +6.99% increase

    Gold Rate Trend of Faridabad in April 2016

    • Gold prices were recorded at Rs. 2,943 per gram on the first of April and remained unchanged until the 5th of the month after which they declined marginally before rising constantly for the following few days.
    • Prices fluctuated over the course of the month as marginal losses were written off by subsequent gains.
    • The highest price recorded in the month of April was on the last day of the month when rates soared to Rs.3,119.
    • The overall increase in rates when comparing prices on the first day and the last day of the month was Rs. 176.

    Gold Rate Trend of Faridabad in May 2016

    • Gold prices were recorded at Rs.3,119 on the 1st of May and remained constant for the next two days after which prices fluctuated for the next three days.
    • Prices remained stable at Rs.3,120 from the 7th to the 9th of May after which they declined by Rs.40 to Rs.3,080 and remained that way until the 16th of the month.
    • Gold prices declined continuously until the end of the month and the overall decline in rates at the end of the month in comparison with the first day of the month was Rs.159.

    Gold Rate Trend of Faridabad in June 2016

    • Prices in Faridabad increased gradually as the month progressed.
    • The upcoming referendum led to markets fluctuating, leading to demand for gold rising.
    • The Dollar was stable, resulting in gold prices appreciating slowly.
    • The result of the vote caused markets to plunge and gold values to rise, with the price closing at Rs.3,167 per gram.

    Gold Rate Trend in Faridabad for January 2016 to March 2016 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs. 2,585 per gram Rs. 2,756 per gram Rs. 3,068 per gram
    Last day Rs. 3,037 per gram Rs. 3,068 per gram Rs. 2.948 per gram
    Highest price Rs. 2,772 per gram on January 28th. Rs. 3068 per gram on February 27th, 28th and 29th. Rs. 3,093 per gram from March 12th to 17th.
    Lowest price Rs. 2,580 per gram from January 1st to 3rd. Rs. 2,755 per gram on February 1st and 2d. Rs. 2,989 per gram from March 22nd to 31st.
    Trend Rising Rising Falling
    Change Rs. 452 per gram Rs. 293 per gram Rs. 120 per gram

    Gold Rate Trend of Faridabad in January 2016

    • Gold traded at Rs. 2,585 per gram on the 1st of January and declined on the 2nd before remaining constant for the following two days after which prices started to rise gradually.
    • Prices fluctuated over the course of the month and the highest rate of gold in the month of January was recorded on the 28th when prices hit Rs. 2,772 per gram.
    • Gold traded at Rs. 2,756 per gram on the last day of the month, marking a gain of Rs.171 in comparison with the first day of the month.

    Gold Rate Trend of Faridabad in February 2016

    • Gold traded at Rs. 2,756 per gram on the 1st of February and prices rose steadily during the first week of the month.
    • Gold prices began to steady from the second week of the month as rates remained constant at Rs. 2,863 between the 8th and 10th of May.
    • Prices also increased and gained stability again on the 12th to Rs.3,008 and remained unchanged until the 15th of the month after which they fluctuated until the 27th when they gained stability for the last three days of the month.
    • The highest price in the month of February was recorded on the last three days of trading as the value of the precious metal closed the month at Rs.3,037 per gram.

    Gold Rate Trend of Faridabad in March 2016

    • Gold prices remained unchanged at Rs. 3,030 per gram for the first 14 days of the month.
    • Gold price dropped by Rs.90 to Rs.2,940 and remained stable for the next three days.
    • Gold prices rose again on the 18th of March and remained unchanged at Rs.2,998 until 24th of March and Rs.2,948 between the 25th and 31st of March.
    • Although prices remained stable for significant periods of time during March, an overall decline of Rs.120 was recorded between the first and the 31st of March owing to a jeweller strike.

    Gold Investment Avenues In Faridabad

    Gold is generally in high demand in Faridabad due to it being a safe investment. It is also seen as an asset that can be readily exchanged for money. In Faridabad, gold is bought and given as gifts on auspicious days such as weddings and during certain religious festivals. Gold can be bought or traded easily in Faridabad through a number of avenues and outlets such as:

    Over-the-counter: The easiest and most convenient way to purchase gold in Faridabad is by visiting any of the local gold and jewellery stores. These stores offer customers different varieties of gold in various forms at reasonable prices, in line with the market rates. By purchasing gold at any of the local outlets, customers get the chance to make informed decisions based on the authenticity and purity of the gold on display.

    Market Trade: With time at a premium for most of Faridabad’s working class, individuals looking to invest in gold can do so online by trading in Gold ETFs or Gold Mutual Funds by simply opening a trading account. These investments can be traded via the stock exchange right from the comfort of the home of the individual or through a broker.

    Also Check Gold Price in NearBy Cities of Faridabad

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