Gold Rate In Ghaziabad Today

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Gold Price in Ghaziabad

Ghaziabad is also called as Gateway of Uttar Pradesh as it is close to New Delhi and it acts as the main entrance of Uttar Pradesh. It is a planned industrial city that is connected by the roads and railways. There are a large number of commercial and residential projects coming up along the national highway 24.

With the increase in the residential projects and population, people of Ghaziabad have a passion for buying gold. Most of the jeweler's supply pure BIS Hallmarked gold and offer a wide range of designs and models. Currently gold is being viewed as a safe haven asset all over the world. People residing in Ghaziabad are investing in the precious metal.

Gold Rate Trend in Ghaziabad for January 2018 to March 2018 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.3,010 per gram	Rs.3,077 per gram	Rs.3,113 per gram
Last day	Rs.3,066 per gram	Rs.3,129 per gram	Rs.3,134 per gram
Highest price	Rs.3,120 per gram on 24 and 25 January	Rs.3,161 per gram on 18 and 19 February	Rs.3,171 per gram on 25 and 26 March
Lowest price	Rs.3,010 per gram from 1 to 3 January	Rs.3,035 per gram on 9 February	Rs.3,098 per gram on 19 & 20 March
Trend	Incline	Incline	Incline
Change	1.19%	1.68%	0.67%

Gold Rate Trend in Ghaziabad for January 2018:

• Gold prices in Ghaziabad saw considerable changes over the course of January 2018, thanks to a rapidly fluctuating market demand.
• When the month began, gold was priced at Rs.3,010 per gram. This continued on till the 3rd of the month as demand remained steady. Also, rates recorded over these three days were the lowest for the month.
• After considerable changes initially, the metal recorded its highest rate for this month on the 24th and the 25th of the month, when it traded at Rs.3,120 per gram.
• This rise was due to a declining US dollar, which was hit by a weak equity market.
• Gold consolidated as the final week wore on to trade at Rs.3,060 per gram at the time of closing on the 31st of January.
• A gold price in Ghaziabad incline of 1.19% was recorded over the course of this month’s trading.

Gold Rate Trend in Ghaziabad for February 2018:

• During February 2018, gold continued on its upward trajectory with the aid of poor equity markets which helped the precious metal gain in its stature.
• On the 1st of February, gold was priced at Rs.3,077 per gram. Although, the month began strongly, prices fluctuated over the course of the first two weeks as the dollar was holding strong.
• The 9th saw gold trade at its lowest monthly rate of Rs.3,035 per gram as markets stabilised after a jittery start and gold prices plummeted as a result.
• Gold rate in Ghaziabad surged during the third week, thanks to a strong local demand courtesy of the wedding season. Gold rates reached their highest for the month on the 18th and the 19th when the it traded at Rs.3,161 per gram.
• From the 20th onwards, the yellow metal’s rates consolidated as the US dollar firmed up against other currencies.
• When the month came to an end, the metal was priced at Rs.3,129 per gram, and recorded at 1.68% incline in prices.

Gold Rate Trend in Ghaziabad for March 2018:

• When March began, gold was priced at Rs.3,113 per gram. Gold saw consistent improvement over the initial few days as it was helped by a strong local demand.
• During the second week, gold demand increased, and rates went up to as high as Rs.3,134 per gram.
• However, demand subsided after the slightly busy period and, as a result, rates fell. The yellow metal traded at monthly low rates of Rs.3,098 per gram over the 18th and 19th of the month.
• This didn’t last long though, as gold bounced back within less than a week to record its highest rate of Rs.3,171 per gram on the 25th and the 26th.
• The month drew to a close with gold price in Ghaziabad consolidating down to Rs.3,134 per gram.
• Overall, price trends recorded a 0.67% incline this month, thanks to a strong local demand and a weak US dollar.

Gold Rate Trend in Ghaziabad for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,063 per gram	Rs.3,006 per gram	Rs.3,016 per gram
Last day	Rs.3,026 per gram	Rs.3,026 per gram	Rs.3,020 per gram
Highest price	Rs.3,072 per gram on 12, 13, 14 October	Rs.3,060 per gram on 18,19 and 20 November	Rs.3,036 per gram on 2, 3 and 4 December
Lowest price	Rs.3,026 per gram on 30 and 31 October	Rs.3,005 on 6 November	Rs.2,940 on 12 and 13 December
Trend	Decline	Incline	Incline
Change	1.20%	0.66%	0.13%

Gold Rate Trend in Ghaziabad for October 2017:

• When trading commenced for the month of October, gold was priced at Rs.3,063 per gram. This dropped to Rs.3,043 per gram by the 3rd as a possible interest rate by the Fed Reserve kept gold demand on the low.
• Gold prices in Ghaziabad dropped considerably by the 6th for the metal to trade at Rs.3,028 per gram as US dollar seemed to flourish.
• However, prices seemed to increase during the second week because of an increased trend in the overseas market. This led to an increase in the local market as well and the metal traded at a monthly high figure of Rs.3,072 per gram from the 12th to 17th of the month.
• As the month continued, gold prices weakened amid poor local sales spurred a weak overseas trend.
• Gold recorded its lowest rate on the 27th, 28th and the 31st of the month - Rs.3,026 per gram - when the week came to an end.
• The yellow metal’s price declined by 1.20% this month due to lower-than-expected festive season demand.

Gold Rate Trend in Ghaziabad for November 2017:

• Gold price in Ghaziabad had dropped further when trading began for November and the metal was priced at Rs.3,006 per gram.
• As demand weakened amid poor cues, gold rates dropped to a monthly low figure of Rs.3,005 per gram on the 6th of November.
• With investors speculating over the fate of the US monetary policy, gold prices seemed to increase. The 18th saw gold trade at its highest rate of Rs.3,060 per gram, which continued on till the 20th of the month.
• On the final day of the month, gold was seen trading at Rs.3,026 per gram - a 0.66% incline from the month’s first day’s rates.

Gold Rate Trend in Ghaziabad for December 2017:

• Gold rates in Ghaziabad were recorded at Rs.3,016 per gram when trade exchanges opened for business on the first day of December.
• Tensions in the US amid Donald Trump’s latest tax laws caused upheaval in the market and gold prices rose consequently.
• From the 2nd to the 4th, gold traded at a monthly high figure of Rs.3,036 per gram as domestic investors took advantage of the increased demand.
• However, the market came to terms with the inevitability of the new tax structure - and with the corporate world responding better - the US dollar mounted a comeback.
• The rising dollar pushed gold on the backburner and the metal traded at Rs.2,940 per gram - the month’s lowest - from the 11th to the 13rd of December.
• The remaining days of the month saw gold rates improve as other concerns in the US seemed to weaken the dollar.
• On the final day of Q4 and 2017, gold was seen trading at Rs.3,020 per gram - a marginal Rs.4 incline from the months beginning price.

Gold Rate Trend in Ghaziabad for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.2,992 per gram	Rs.2,960 per gram	Rs.3,024 per gram
Last day	Rs.2,950 per gram	Rs.2,999 per gram	Rs.3,063 per gram
Highest price	Rs.2,992 per gram on 1 and 2 July	Rs.3,017 per gram on 28 August	Rs.3,130 per gram on 8 September
Lowest price	Rs.2,843 per gram on 12 and 13 July	Rs.2,930 per gram on 3 August and from 5 to 7 August	Rs.3,024 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-1.4%	1.31%	1.29%

Gold Rate Trend in Ghaziabad for July 2017:

• When trade exchanges opened in Ghaziabad for July, gold was priced at Rs.2,992 per gram. Trading this month was mostly affected by a rising US dollar and the subsequent decrease in local demand.
• Gold rates in Ghaziabad seemed to decline gradually for the first two weeks before reaching a monthly low trading figure of Rs.2,843 per gram on the 12th of July.
• This was because of the implementation of GST, which caused investors to refrain from making high-value purchases.
• From the third week onwards, gold prices looked to be improving, thanks to investors slowing experimenting with increased purchases.
• On the final day of this month, gold price in Ghaziabad had surged to end at Rs.2,950 per gram. Despite some late surge, gold rate trend saw a 1.4% decline for July.

Gold Rate Trend in Ghaziabad for August 2017:

• During the first week of August, gold trading remained largely on the weak side. This was because of poor local demand, brought about by GST.
• On the 1st of August, gold was priced at Rs.2,960 per gram.
• The initial few days i.e., the 3rd saw gold price in Ghaziabad go down to Rs.2,930 per gram and continue at this rate from the 5th to the 7th of the month.
• But, a number of key global factors combined with an improved investor sentiment led to gold prices rising gradually.
• On the 28th, gold traded at Rs.3,017 per gram because of a shaky US dollar. This rise could be attributed to the effects of Hurricane Harvey and the effects it had on the US economy.
• When the month ended, gold price in Ghaziabad were recorded at Rs.2,999 per gram. Overall, there was a 1.31% increase in gold prices this month.

Gold Rate Trend in Ghaziabad for September 2017:

• Gold was trading at Rs.3,024 per gram on the 1st of September - a Rs.25 per gram increase from the previous day.
• Prices surged significantly during the first week as demand skyrocketed because of the intensified conflict between the US and North Korea.
• Gold rate in Ghaziabad reached a monthly high figure of Rs.3,130 per gram on the 8th of September, as North Korea conducted an underground nuclear test despite opposition from all the world’s major forces.
• However, the US dollar picked up amidst an improving economy and the latest Federal Reserve meeting, which concluded with possible interest rate hike later in the year.
• On the final day of the month, gold prices in Ghaziabad had dropped to Rs.3,063 per gram, meanwhile recording a 1.29% increase in gold rates.

Gold Rate Trend in Ghaziabad for April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.2,991 per gram	Rs.3,011 per gram	Rs.3,012 per gram
Last day	Rs.3,011 per gram	Rs.2,992 per gram	Rs.2,992 per gram
Highest price	Rs.3,068 per gram on 15 and 16 April	Rs.3,011 per gram on 1 and 2 May	Rs.3,057 on 7 June
Lowest price	Rs.2,983 per gram from 8 - 10 April	Rs.2,918 per gram from 11 to 15 May	Rs.2,972 on 27 June
Trend	Incline	Decline	Decline
Change	0.66%	-0.49%	-0.66%

Gold Rate Trend in Ghaziabad for April 2017:

• When gold trading began in Ghaziabad for April 2017, the yellow metal was priced at Rs.2,991 per gram.
• Prices remained at Rs.2,991 per gram for the next two days as demand remained unchanged.
• On the 4th, however, gold prices increased to reach Rs.3,003 per gram - a Rs.12 incline - as demand went up slightly.
• Rates held on at Rs.3,003 per gram till the 7th but decreased to hit Rs.2,983 per gram on the 8th, which happened to be the lowest gold rate in the city for April.
• Though rates didn’t change on the 9th and the 10th, they went up to Rs.2,998 per gram on the 11th before increasing significantly by Rs.38 to go up to Rs.3,036 per gram on the 12th.
• Prices fluctuated slightly over the next few days but hit Rs.3,068 per gram on the 15th - the highest gold rate this month.
• From the 17th, there were more fluctuations to be seen as a result of rising US dollar value and positive market data.
• By the 19th, gold prices had gone up to Rs.3,057 per gram and then to Rs.3,062 per gram by the 22nd.
• Rates, however, fell for the next few days, before ending the month at Rs.3,011 per gram.
• Even though there were some significant fluctuations, gold prices inclined at a rate of 0.66% in Ghaziabad.

Gold Rate Trend in Ghaziabad for May 2017:

• Gold prices in Ghaziabad for May started at Rs.3,011 per gram. Prices fell significantly this month as demand was low.
• The low demand was brought about by a surging US dollar rate and a subsequent drop in demand from local jewellers.
• By the end of the first week, i.e, the 9th, gold prices had decreased by Rs.49 to hit Rs.2,952 per gram.
• On the 8th, gold prices went down to Rs.2,942 per gram and declined further to hit Rs.2,918 per gram by the 15th.
• However, bullion recovered after US dollar value fell. On the 17th, gold was trading at Rs.2,939 per gram.
• The 18th saw prices surge significantly - by Rs.52 - to bring trading price up to Rs.2,991 per gram
• After some more fluctuations, gold prices remained steady towards the end of the month to close at Rs.2,992 per gram.
• Overall, gold prices in Ghaziabad had declined by 0.49% in the month of May.

Gold Price Trend in Ghaziabad for June 2017:

• In international terms, June was a key month for gold pricing as Euro rates surged after Emmanuel Macron became the president of France.
• The month began with gold trading at Rs.3,012 per gram.
• As US dollar value went down, demand in local circles increased which pushed gold prices up to Rs.3,037 per gram by the 5th.
• Prices went up to Rs.3,057 per gram by the 7th - the highest gold rate for the month.
• Over the next two weeks prices fluctuated considerably - falling for the most part as demand subsided.
• Gold was priced at Rs.3,017 per gram on the 9th but had gone down to Rs.2,982 per gram by the end of the 19th.
• Bullion rates remained at Rs.2,982 per gram till the 22nd before increased slightly to Rs.2,987 per gram on the 23rd.
• Prices went up on the 24th again - this time by Rs.5 - for the metal to trade at Rs.2,992 per gram.
• On the 27th, gold rates fell by Rs.20 but rallied back to reach Rs.2,992 per gram on the 28th.
• During the last two days of June, gold was still trading at Rs.2,992 per gram.
• Gold price trends decreased at a rate of 0.66% in June as there was significantly less demand in the city when compared to other major metropolises.

Gold Rate Trend in Ghaziabad for January 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,844 per gram	Rs.2,978 per gram	Rs.3,009 per gram
Last day	Rs.2,958 per gram	Rs.3,020 per gram	Rs.2,991 per gram
Highest price	Rs.2,979 per gram from 23rd of January to 24th of January	Rs.3,031 per gram from the 25th of February to 27th of February	Rs.3,009 per gram on the 1st and 2nd of March
Lowest price	Rs.2,844 per gram from the 1st of January to the 3rd of January	Rs.2,957 per gram from the 4th of February to the 6th of February	Rs.2,950 per gram on the 15th of March
Trend	Incline	Incline	Decline
Change	4.0084%	1.41%	-0.60%

Gold Rate Trend for Ghaziabad in January 2017:

• Gold started the year 2017 at a strong Rs.2,844 per gram, on account of technical buying despite a strong US Dollar on January 1st.
• An increase in demand saw Gold climb to Rs.2,855 per gram on March 4th.
• Healthy global demand saw Gold climb to Rs.2,866 per gram on January 5th.
• US stocks saw a slump as energy shares dropped along with the price of crude oil, allowing Gold to climb to Rs.2,888 per gram on January 10th.
• Uncertainty over the US monetary policy caused Gold to further climb to Rs.2,925 per gram on January 12th.
• Concerns amid Britain’s exit from the European Union saw the global spot price of Gold climb to Rs.2,952 per gram on January 16th and January 17th.
• Uncertainty over the US monetary policy saw the US Dollar slump, causing Gold to climb to an 8-week high of Rs.2,973 per gram on January 18th.
• On the 23rd of January Gold reached a 2-month high of Rs.2,979 per gram amid uncertainty of the future US monetary policy.
• Technical corrections caused Gold to slip to Rs.2,946 per gram on January 27th.
• A weak US Dollar and sluggish economic data from the US saw Gold prices climb to Rs.2,967 per gram on January 30th.
• Gold closed the month’s trade at Rs.2,958 per gram on January 31st.

Gold Rate Trend for Ghaziabad in February 2017:

• Gold opened the month’s trading at Rs.2,978 per gram on February 1st.
• Uncertainty over the upcoming French election, weak industrial data from Germany and a strong US Dollar saw Gold slip to Rs.2,957 per gram to close the week’s trading on February 5th.
• A boost in demand from retailers, jewellers and investors saw Gold prices edge up to Rs.2,999 per gram on February 7th.
• Sustained demand for Gold saw prices further climb to Rs.3,009 per gram on February 8th, 9th and 10th.
• The US Dollar strengthening against the Japanese Yen saw Gold prices slip to Rs.2,983 per gram on February 11th.
• Gold remained stable and closed the second week’s trading at Rs.2,983 per gram on February 12th.
• Gold opened the third week of trading at Rs.2,983 per gram on February 13th.
• Technical corrections saw Gold slip to Rs.2,973 per gram on February 14th and February 15th.
• A weakened US Dollar saw Gold climb to Rs.3,004 per gram on February 17th.
• Gold held firm at Rs.2,999 per gram to close the week’s trade on February 19th.
• Gold opened the fourth week of trading at a stable Rs.2,999 per gram on February 20th.
• A struggling US Dollar amid uncertainty pertaining to the US monetary policy saw Gold climb to weekly high of Rs.3,031 per gram on February 25th.
• A marginally strengthened US Dollar saw Gold prices slip to Rs.3,020 per gram to close the month’s trade on February 28th.

Gold Rate Trend for Ghaziabad in March 2017:

• A stronger US Dollar saw Gold open trading on March 1st at Rs.3,009 per gram.
• Expectations of a US Federal Interest Rate hike in March saw Gold slip to Rs.2,990 per gram between March 3rd and March 6th.
• A weak demand domestically saw Gold prices slip to Rs.2,965 per gram on March 10th.
• A stronger US Dollar and a weak global demand saw domestic prices of Gold fall to Rs.2,951 per gram on March 14th.
• A marginally weakened US Dollar saw Gold prices rise to Rs.2,971 per gram on March 18th and March 19th.
• The failure of a new healthcare bill proposed by President Donald Trump saw Gold climb to Rs.3,003 per gram on March 22nd and March 23rd.
• Technical corrections caused Gold to slip to Rs.2,993 per gram between March 24th and March 26th.
• A strong demand for Gold allowed it to recover to Rs.3,003 per gram between March 27th and March 30th.
• Technical corrections caused Gold to drop to Rs.2,991 per gram to close the month’s trading on March 31st.

Gold investment avenues in Ghaziabad

Gold is the most common item found in every household in India. People buy gold as an investment or to wear it for various important occasions. Gold sales peak during wedding season, festivals, etc. Since gold is treated as a safe haven asset, investors also buy gold to protect themselves from the market fluctuations. Gold can be brought in Ghaziabad in the following ways:

• Over the counter purchases:

  This is the most traditional way of buying gold. People prefer looking at the jewellery and trying it on before actually buying it. There are a various jewellers in the city from where people of Ghaziabad can buy gold based on their need. You can also buy gold coins and bars from the jewellers as well as the banks. When you buy gold from the bank it is costlier as you get purity certificate.

• Market trade:

  Gold can now be purchased from the comforts of your home now. You have access to E-gold, futures and ETFs. You must know that trading in gold is subject to risk. E-gold trade can be done through National Spot Exchange. ETFs are traded on Bombay Stock Exchange.