Gold Rate In Noida

*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.

Noida (New Okhla Industrial Development Authority) is a planned city in Uttar Pradesh. This was set during the Emergency period as a part of urbanisation thrust. The city has the highest per capita income. It is the hot spot for IT companies. Rs.20,000 crore was offered for development of Noida in 2014 Budget. It is a fast growing city and it has a large number of people residing in it. The demand for gold is high due to the large number of residents. The demand for gold increases by a lot during the festivals and wedding season. The gold rate in Noida depends on the international gold rate.

Gold Price in Noida

Gold rate per unit in Noida is determined based on the purity of the gold. Buyers can purchase gold in either 24 karat, 22 karat, 18 karat or 14 karat form. 14 karat gold is cheaper and 24 karat gold is expensive. Gold rate in Noida changes as and when the international gold rate changes. 2015 saw a fall in gold rate, but the rates started climbing in January, 2016.

24 karat gold:

24 karat gold is the purest form of gold as it includes 99.95% gold mass. It is a very soft metal therefore it cannot be used to make jewellery or other ornaments. The gold rate for 24 karat gold in Noida is Rs.29,800 per 10 grams as on 14^th March, 2016.

22 karat gold:

22 karat gold is a highest quality gold as it has 91.6% gold mass. As it has a shiny yellow coat, it is used to make jewellery and ornaments. The brightness of the 22 karat gold depends mainly on the metal that it is alloyed with. Mostly 22 karat gold is alloyed with silver or copper. When 22 karat gold is alloyed with copper, you end up getting a reddish tint. When zinc is also added to copper it will neutralise the rose color and make it look yellow.

Jewellers prefer alloying 22 karat gold with silver. It is the most common form of retail gold jewellery. But it is worn off easily, so you must take special care of the ornament. The gold rate for 22 karat gold in Noida is Rs.27,830 per 10 grams as on 14^th March, 2016.

18 karat gold:

18 karat gold includes 75% of the gold mass and this makes it the popular karat for jewellery. It provides ample strength to hold the gemstones, diamonds and emeralds in place. Pink and rose gold are also 18 karat gold.

14 karat gold:

14 karat gold includes 58.3% gold mass and it is the cheapest type of gold jewellery. When you alloy 14 karat gold with copper, you will get a dull bronze color. When 14 karat gold is alloyed with silver or nickel you will get white gold.

Gold Rate Trend in Noida for October 2018 to December 2018 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,140 per gram	Rs.3,255 per gram	Rs.3,108 per gram
Last day	Rs.3,260 per gram	Rs.3,124 per gram	Rs.3,239 per gram
Highest price	Rs.3,271 per gram on 25 October	Rs.3,266 per gram on 7 November	Rs.3,260 per gram on 12 and 13 December
Lowest price	Rs.3,140 per gram on 1 October	Rs.3,124 per gram on 30 November	Rs.3,108 per gram from 1 to 3 December
Trend	Incline	Decline	Incline
Change	3.82%	-4.02%	4.21%

Gold trend in Noida for October 2018

• In Noida, the price of gold opened the month of October at Rs.3,140 per gram and increased throughout the month due to the fall in the value of the dollar.
• Post the US-China trade war, the markets weakened, leading to the rise in demand of the metal on a global scale.
• The lowest rate of gold in Noida was on 1 October 2018. However, the price increased through the rest of the month as investors shifted focus to the bullion as the value of the dollar weakened.
• The highest rate of the metal was on 30 October and 31 October at Rs.3,271 per gram resulting in a percentage incline of 3.82%.

Gold trend in Noida for November 2018

• The trend of the metal in November was a downward one in Noida due to a decrease in demands and the strengthening of the dollar in the global markets.
• On 1 November 2018, the price of gold was Rs.3,255 per gram and inclined steadily till 7 November 2018, priced at Rs.3,266 per gram before decreasing throughout the month.
• In the global market, the dollar came back stronger this month when compared to the previous month’s downfall. Since the value of the dollar increased, the rupee weakened and resulted in low demand for the metal in the local markets. This, in turn, led to the decrease in gold’s value.
• The lowest price of gold was at the end of the month, at Rs.3,124 per gram, resulting in a percentage decline of 4.02.

Gold Trend in Noida for December 2018

• The price of gold, after two months of fluctuating prices, proved to be beneficial for investors in December.
• On 1 December 2018 the metal was priced at Rs.3,108 per gram and gradually increased, reaching the highest price of the month at Rs.3,260 per gram by the second week.
• However, for a brief period, in the second half of December, gold prices decreased till 24 December 2018, but picked up the pace gradually.
• The price of gold increased in the last week of the month, finally closing at Rs.3,239 per gram due to a gradual increase in global demand of the metal.

Gold Rate Trend in Noida for July 2018 to September 2018 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,124 per gram	Rs.3,050 per gram	Rs.3,103 per gram
Last day	Rs.3,056 per gram	Rs.3,092 per gram	Rs.3,140 per gram
Highest price	Rs.3,140 per gram on 7 July	Rs.3,092 per gram on 31 August	Rs.3,155 per gram on 26 and 27 September
Lowest price	Rs.3,056 per gram on 19 and 31 July	Rs.3,003 per gram from 17 to 19 August	Rs.3,082 per gram on 4 September
Trend	Decline	Incline	Incline
Change	-2.17%	1.37%	1.19%

Gold rate trend In Noida for July 2018

• The gold price in Noida at the start of July stood at Rs.3,124 per gram. The demand for the precious metal was steady from local jewellers.
• As the US dollar weakened, the price of gold in Noida surged and was priced at Rs.3,140 per gram on 7 July. This was also the highest gold rate recorded for the month of July in Noida.
• However, in the following few days, the value of the US dollar dropped ahead of the Federal Reserve's policy meeting scheduled to be held in July. This caused gold rates to decline in the city.
• Gold in Noida was priced at its lowest on 19 July, and again on 31 July at Rs.3,056 per gram due to poor trend overseas.
• Gold rates could not recover throughout the month and recorded a decline of 2.17%.

Gold rate trend In Noida for August 2018

• On 1 August, the yellow metal traded at Rs.3,050 per gram.
• The demand during the beginning of the month was stable amid unfavorable trends overseas.
• The demand for the metal and the value of the US dollar played a crucial role in determining gold rates in Noida.
• From 17 to 19 August, as the demand for the metal took a fall due to the strengthening US dollar, gold rates hit a monthly low of Rs.3,003 per gram.
• However, gold prices quickly recovered as investors gravitated towards safe-haven assets.
• On 31 August, the last day of the month, the highest gold rate of Rs.3,092 per gram for the month of August was recorded in Noida.
• The trend of gold rates in the city inclined by 1.37% for the month of August.

Gold rate trend In Noida for September 2018

• An incline in gold rates was noted on the first day of the month as the demand for the metal increased. Gold opened at Rs.3,103 per gram when trading for the metal commenced on 01 September.
• Due to muted demand from the local jewellers and industrial units, gold rates fell and hit a monthly low of Rs.3,082 per gram on 04 September.
• Gold prices in Noida managed to rebound in the following days and hit a monthly high of Rs.3,155 per gram on 26 and 27 of September.
• Though gold rates fell on the last day of the month and closed at Rs.3,140 per gram, gold managed to record an incline of 1.19% in Noida.

Gold Rate Trend in Noida for April 2018 to June 2018 (per gram of 24 karat gold)

Parameters	April	May	June
First Day	Rs.3,159 per gram	Rs.3,231 per gram	Rs.3,216 per gram
Last Day	Rs.3,231 per gram	Rs.3,217 per gram	Rs.3,146 per gram
Highest Rate	Rs.3,243 per gram from 20 to 23 April	Rs.3,254 per gram on 14 May	Rs.3,216 per gram on 1 June
Lowest Rate	Rs.3,159 per gram from 1 and 2 April	Rs.3,197 per gram on 18 May	Rs.3,146 per gram on 30 June
Overall Monthly Performance	Incline	Decline	Decline
Percentage Change	2.27%	-0.43%	-2.17%

Gold Rate Trend in Noida for April 2018

• The precious metal opened trading in Noida at Rs.3,159 per gram on positive trends overseas as well as steady demand from local jewellers.
• Favourable market conditions and a low dollar rate led to increased retail demand initially, before prices fell on declining interest from investors.
• Geopolitical crises in the U.S. and political scandals dogging the President led to markets sliding, as gold prices fluctuated on demand vagaries.
• Prices rose to a monthly high of Rs.2,343 per gram on 20 April but  declined due to fluctuating demand.
• Local retail demand also stagnated, resulting in gold priced at Rs.3,231 per gram as the month ended, though overall prices rose by 1.66%.

Gold Rate Trend in Noida for May 2018

• Trading for May saw gold priced at Rs.3,231 per gram with the price being comparatively weaker for sales in the metal as the US dollar recovered from its fall seen over the previous month.
• The metal traded at Rs.3,254 per gram on the 14th - the month’s highest rate as demand was on the higher side. On the flip side, the lowest gold rate was recorded on the 18th when the metal traded at Rs.3,197 per gram just four days later, on the 18th.
• Demand improved over the next few days but wasn’t enough bring the trend back to the positive side.
• When the month ended, the precious metal was priced at Rs.3,217 per gram - which was a 0.43% fall compared to the previous month’s rates.

Gold Rate Trend in Noida for June 2018:

• When trading started for June in Noida, gold was priced at Rs.3,216 per gram. Demand this month again was weak as the US dollar recorded significant growth ahead of a strong payrolls data and a positive Fed meeting.
• The metal was at its highest point when it traded at Rs.3,216 per gram on the 1st and rates fell significantly over the rest of the month.
• The lowest gold rate in Noida for this month was recorded on the 30th of the month when it traded at Rs.3,146 per gram.
• Price trends tumbled by 2.16% in Noida this month, owing to a strong dollar and a strong equity market.

Gold Rate Trend in Noida 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 & 25 January	Rs.3,161 per gram on 18 & 19 February	Rs.3,171 per gram on 25 & 26 March
Lowest price	Rs.3,010 per gram from 1-3 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 Noida for January 2018

• January saw gold prices in Noida open at Rs.3,010 per gram as local demand was high due to the wedding season and favourable market conditions.
• A low U.S. Dollar and fluctuating equity markets led to greater demand for bullion as investors sought to hedge equity losses.
• Growing interest from Asian industry due to the low dollar rate also boosted gold prices, which traded at Rs.3,120 per gram on 24 January.
• Prices dropped marginally towards the end of the month as the dollar recovered and gained on other global currencies, as investors also eased on gold purchases.
• The month ended with gold priced at Rs.3,066 per gram on 31 January as gold gained 1.19% in value over the course of the month.

Gold Rate Trend in Noida for February 2018

• Steady demand from both retail as well as industrial sectors led to gold prices rising steadily over the course of the month.
• Gold was priced at Rs.3,077 per gram on 1 February as unstable stock markets led to higher demand for the yellow metal among investors.
• Industrial demand was also on the rise as the dollar fell on fresh fears of conflict with North Korea.
• Retail demand was stable but on the decline due to the high price, with gold surging to Rs.3,161 per gram on 18 February.
• As overseas markets began to recover from their earlier losses, demand for gold dropped in the international market though local jewellers kept demand stable.
• The dollar also stabilised after a prolonged period of instability, which led to a drop in demand due to the higher cost associated with imports.
• The month ended with gold priced at Rs.3,129 per gram on 28 February.

Gold Rate Trend in Noida for March 2018

• Demand for gold in Noida was slightly sluggish in March due to high import costs and conflicting international trends.
• The yellow metal was priced at Rs.3,113 per gram on 1 March as the dollar continued to trade strongly against other global currencies.
• As the end of the wedding season approached, there was a drop in retail demand and consequently a decline in orders placed by jewellers.
• Internal political tensions in the U.S. led to equity markets being volatile and also affected the dollar rate, though local prices were unaffected.
• Positive employment and inflation data kept demand for gold low, but prices surged to Rs.3,171 per gram on 24 and 25 March due to favourable market conditions.
• Prices dipped as the month drew to a close, with gold priced at Rs.3,134 per gram on 31 March.

Gold Rate Trend in Noida 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 from 12 to 16 October	Rs.3,060 per gram from 18 to 20 November	Rs.3,036 per gram from 2 to 4 December
Lowest price	Rs.3,026 per gram on 27, 30 and 31 October	Rs.3,006 per gram on 1 November	Rs.2,910 per gram on 11 to 13 December
Trend	Decline	Incline	Incline
Change	-1.20%	0.66%	0.13%

Gold Rate Trend in Noida for October 2017:

• The price of gold in Noida was Rs.3,063 per gram when trading began for the month of October.
• The U.S. Dollar stabilised after a period of instability and this led equity markets to also rise, which led to a decline in demand for gold.
• Gold price in Noida fell to Rs.3,028 per gram on 6 October as a result of lowered demand for the precious metal.
• There was muted demand for gold throughout the month, in spite of festivals like Diwali. In fact, there was little to no impact on the price of gold during the festive period.
• Industrial demand was also on the decline as equities and a resurgent dollar kept imports to a minimum.
• Prices dropped to Rs.3,026 per gram from 27-31 October, resulting in the metal losing 1,20% of its value over the course of the month.

Gold Rate Trend in Noida for November 2017:

• As the month began, gold was priced at Rs.3,006 per gram in Noida, with a decline in price seen due to poor demand.
• A spurt in demand due to a sudden dip in the dollar rate led to prices rising to Rs.3,045 per gram on 10 November.
• A weakened U.S. Dollar led to greater demand for gold, as Asian markets also increased orders due to cheaper import costs.
• Prices rose to Rs.3,060 per gram, the highest for the month as local demand also rose due to the festive season.
• As markets stabilised and the dollar recovered, there was a slight drop in demand for gold and the price fell.
• Gold ended the month trading at Rs.3,026 per gram to record a rise of 0.66% over the course of the month.

Gold Rate Trend in Noida for December 2017:

• The price of gold in Noida in December saw quite a few fluctuations due to conflicting cues from markets.
• The month began with gold priced at Rs.3,016 per gram, with the price rising to Rs.3,036 per gram on 2 December following strong demand from overseas industrial units.
• Capitalising on the weak dollar, there was heightened demand for the yellow metal before prices regularised.
• Demand continued to fluctuate as markets were skittish due to turbulent geopolitical environment in the United States.
• Prices finally began to stabilise as the month drew to a close, trading at Rs.3,020 per gram on 31 December.
• The turbulence in the markets notwithstanding, gold prices rose by 0.13% during the month.

Gold Rate Trend in Noida 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 & 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 & 13 July	Rs.2,930 per gram on 3 & 6 August	Rs.3,024 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-1.40%	1.30%	1.27%

Gold rate trend in Noida for July 2017

• The month started with a reduced demand for the precious metal from local jewellers, industries and retailers.
• Gold was priced at Rs.2,992 per gram on the 1st, when trading commenced in Noida.
• Demand dropped further with rallying of equities shares in the international market, and the yellow metal was trading low at Rs.2,843 per gram on the 12th.
• With possibilities of an interest rate hike by the US Federal Reserve, demand increased in the Asian markets. This led to gold trading at Rs.2,883 per gram on the 20th.
• Gold price in Noida dropped towards the end of the month with rallying markets and a recovering dollar despite the geopolitical tensions in the United States and the Korean Peninsula, and the bullion was recorded trading at Rs.2,950 per gram on the 31st.
• Gold trade in Noida registered a loss of 1.40% owing to poor global trends and reduced local demand.

Gold rate trend in Noida for August 2017

• Gold was trading low at Rs.2,960 per gram, when the month began.
• Gold rate in Noida declined to Rs.2,934 per gram on the 8th with reduced local, as well as, international demand for the metal from the Asian continent.
• However, demand surged with the threat of nuclear aggression by North Korea pushing higher volumes of trading in gold. This led to gold rates rising to RS.2,999 per gram on the 11th.
• The 28th witnessed bullion prices rising to Rs.3,017 per gram - the highest recorded monthly figure - as global markets tanked with Hurricane Harvey taking its toll on the US economy.
• The month ended with the yellow metal trading at Rs.2,999 per gram, thanks to steady and sustained demand from local jewellers and industries.
• Noida witnessed gold rate in Noida increasing at 1.30% due to the positive global cues that pushed local demand higher during the month.

Gold rate trend in Noida for September 2017

• When trading commenced in Noida, the yellow metal was recorder trading at Rs.3,024 per gram.
• Global demand surged as investors gravitated to safer investments like gold after North Korea announced their most powerful thermonuclear weapon test to date. This led to gold rate rising to Rs.3,130 per gram on the 8th.
• However, the dollar recovered over the next few days, pushing gold price in Noida down to Rs.3,056 per gram on the 19th.
• Local demand skyrocketed with the arrival of the festive season pushing domestic purchases higher on the 26th. This resulted in gold rate in Noida rising to Rs.3,110 per gram.
• The US dollar strengthened with the possibility of a new Fed rate hike over the next few days. This led to reduced global demand and the yellow metal was priced Rs.3,063 per gram on the 31st.
• Gold prices in Noida increased by 1.27% during the month, owing to an increased international demand coupled with strong global cues.

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

Factor	April	May	June
1st day	Rs.3,011 per gram	Rs.3,061 per gram	Rs.3,046 per gram
Last day	Rs.3,061 per gram	Rs.3,046 per gram	Rs.3,055 per gram
Highest price	Rs.3,061 per gram on 29 & 30 April	Rs.3,061 per gram on 1 & 2 May	Rs.3,077 per gram on 7 & 8 June
Lowest price	Rs.3,011 per gram from 1-3 April	Rs.2,956 per gram from 11-16 May	Rs.3,033 per gram from 15-29 June
Trend	Incline	Decline	Incline
Change	1.63%	-0.49%	0.29%

Gold rate trend in Noida for April 2017

• Gold prices in Noida rose in the month of April due to favourable market conditions as well as increased demand.
• Gold opened the month at Rs.2,991 per gram on 1 April and rose to Rs.3,003 per gram on 4 April as tensions in the Korean peninsula led to markets falling and higher demand for bullion.
• Gold rate in Nodia dipped due to a reduction in demand from European markets which led to gold falling to Rs.2,983 per gram from 8-10 April.
• Demand soon rose to Rs.3047 per gram on 14 April as the weak dollar led to increased bullion buying as U.S. jobs data was disappointing.
• Prices remained high as local demand as well as industrial demand from Asia was steady, keeping prices at Rs.3,057 per gram from 17-21 April.
• Gold ended the week trading at Rs.3,011 per gram on 30 April and recording a 0.66% increase in price over the course of the month.

Gold rate trend in Noida for May 2017

• Gold prices were high as the month began but petered off due to a rising U.S. dollar and strong markets.
• May opened with gold trading at Rs.3,011 per gram but prices soon fell to Rs.2,952 per gram from 4-7 May as European markets rose on news of the victory of Emmanuel Macron in the French presidential election.
• Prices dropped further as U.S. markets were also on the increase, resulting in gold falling to Rs.2,918 per gram from 11-15 May.
• Local demand was steady due to increased demand from jewellers, which pushed prices to Rs.2,991 per gram on 18 May.
• Prices fluctuated due to unsteady demand from Asian consumers, with gold hovering around Rs.2,977 per gram in the third week of May.
• Gold failed to capitalise on a weakening U.S. dollar as it traded at Rs.2,992 per gram on 31 May, recording a loss of 0.49%.

Gold rate trend in Noida for June 2017

• A rise in the rate of gold was observed in June due to a drop in the U.S. dollar rate, which led to higher demand for bullion.
• Gold was priced at Rs.3,012 per gram on 1 June as demand was stable from the previous month before prices rose to Rs.3,057 per gram on 7 June due to plunging U.S. markets.
• Sluggish industrial demand and muted local demand led to prices falling in spite of favourable conditions as gold traded at Rs.3,007 per gram from 10-15 June.
• A momentary rise in stocks led to a drop in demand for gold as the metal traded at Rs.2,982 per gram from 17-22 June, as local demand was also poor.
• Prices fluctuated as the month drew to a close, with gold priced at Rs.2,992 per gram on 30 June.

Gold Rate Trend in Noida 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 on 24th and 25th of January	Rs.3,031 per gram from 25th February to	Rs.3,009 per gram on the 1st and 2nd of March
Lowest price	Rs.2,844 per gram from 1st January to 3rd February	Rs.2,957 per gram from 4th February to 6th February	Rs.2,950 per gram on 15th March
Trend	Incline	Incline	Decline
Change	4%	1.41%	-0.59%

Gold Rate Trend in Noida for January 2017:

• The month of January was a great period for gold sales in Noida as prices seemed to increase over the course of the month.
• On 1st January, gold was priced at Rs.2,844 per gram, which went up to Rs.2,855 per gram on 4th and then to Rs.2,866 per gram on 5th as demand increased.
• By 10th, gold prices had gone up to Rs.2,888 as demand provided no signs of letting down.
• All the positive growth was due to the rapid influx of cash into the system which was on short supply over the previous quarter.
• On 20th, prices prices had gone up to Rs.2,952 per gram and again went up to reach the highest rate for the month - Rs.2,979 per gram - on 24th.
• However, prices went down slightly by the end of the month as bullion finished trading at Rs.2,958 per gram.
• During January, gold prices rose by 4% due to a sustained demand for the metal.

Gold Rate Trend in Noida for February 2017:

• February again was a good month for gold sales in Noida as prices seemed to go up this month as well.
• The month started with gold selling at Rs.2,978 per gram but went down to Rs.2,957 per gram by the 6th due to a sudden fall in demand.
• Rates seen from the 4th to the 6th i.e., Rs.2,957 per gram were the highest rate of gold for the entire month.
• On 7th, gold prices went up considerably, thereby suggesting that the sudden slowdown over the previous three days was temporary.
• By the end of the 17th, gold prices had gone up to Rs.3,,004 per gram albeit after significant fluctuations.
• The last ten days of the month saw little change in gold prices as there was a sustained demand for bullion in the city.
• From 18th to the 24th, gold was trading at Rs.2,999 per gram as there was no change in demand.
• On 25th, gold prices had gone up to Rs.3,031 per gram - the highest rate for the entire month - but fell to Rs.3,020 per gram on 28th.
• Overall, Noida saw gold prices change at the rate of 1.41% for the month of February.

Gold Rate Trend in Noida for March 2017:

• Gold rates fell during the month of March owing to a number of national and international factors.
• The month began with gold trading at Rs.3,009 per gram but fell to Rs.2,990 per gram on 3rd and then to Rs.2,977 per gram on 9th.
• Gold rates seemed to be on a freefall as they fell to Rs.2,965 per gram on 10th but increased slightly to Rs.2,971 per gram to calm the markets on 11th.
• All the change in prices was due to the US Fed rate hike, which increased the value of the US dollar, thereby spurring a downfall in demand.
• Gold rates reached their worst for the month on 15th when they hit Rs.2,950 per gram - the lowest price of gold for March.
• However, prices picked up gradually over the next few days to end the third week at Rs.2,970 per gram.
• Rates again fluctuated considerably over the last ten days of March before ending the month at Rs.2,991 per gram.
• All in all, gold rates in Noida decline at a rate of 0.59% for the month of March.

Gold investment avenues in Noida

Residents of Noida love buying gold in the form of jewellery or for purpose of investing. Gold sales high during the festivals and wedding season. Investors also prefer to buy gold to protect themselves from the fluctuating market. Gold is treated as a safe haven asset. Gold can be brought in Noida in the following ways:

• Over the counter purchases:

  Noida residents prefer looking at the jewellery and try it on before actually buying it. There are a many jewellers in Noida from where people can buy gold in any form. Gold can be brought in the form of coins and bars from the bank as well as jewellers. You also get a purity certificate when you buy gold from the bank which makes it costlier.

• Market trade:

  Gold can be purchased from anywhere as now you have access to E-gold, futures and ETFs. E-gold is traded at National Spot Exchange. Bombay Stock Exchange trades ETFs. However, trading in gold is subject to certain risk which you must be aware of before you start trading.