Gold Rate In Noida

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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 Rate 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 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 Rate Trend in Noida from October to December 2016 (rates per gram for 24 karat gold)

Factor	October	November	December
1st day	Rs.3,205 per gram	Rs.3,099 per gram	Rs.2,893 per gram
Last day	Rs.3,099 per gram	Rs.2,941 per gram	Rs.2,844 per gram
Highest price	Rs.3,205 per gram from 1st to 4th	Rs.3,213 per gram on 5th and 6th	Rs.2,893 per gram on 1st and 2nd
Lowest price	Rs.3,088 per gram from 8th to 25th	Rs.2,929 per gram from 25th to 27th	Rs.2,800 per gram from 23rd to 28th
Trend	Decline	Decline	Decline
Change	-3.30%	-5.09%	-1.69%

Gold Rate Trend in Noida for October 2016

• In October, Noida seemed to enjoy quite a good period with regards to gold rates as there wasn’t too many fluctuations.
• The 1st began with gold prices standing at Rs.3,205 per gram, the highest rate for the month.
• However, prices went down to Rs.3,119 per gram - as a decrease of Rs.86 per gram was seen within a span of 3 days.
• Prices seemed to go down again on 6th As prices hit Rs.3,088 per gram and remained much the same till the 25th of the month.
• The last week of October saw prices increase to Rs.3,099 per gram and continued at the same rate till the end of the month.
• Overall, gold price trends in Noida saw a change of -3.307% for the month of October.

Gold Rate Trend in Noida for November 2016

• November began in Noida with gold trading at Rs.3,099 per gram and increased during the subsequent days as global demand soared.
• However, the increase during the first week seemed to be a red herring of sorts as the second week began with the government cancelling Rs.500 and Rs.1,000 notes.
• Prices seemed to soar for the first few days as people began buying more gold and hence hit the highest rate of Rs.3,213 per gram during the 5th and 6th.
• The government made PAN card compulsory for heavy gold purchases, which again led to demand crashing down for much of the month.
• As the month drew to a close, gold prices seemed to pick up slightly but couldn’t hit a positive note as cash flow issues came in the way.
• For the second month in a row, gold prices seemed to be on a decline.
• All in all, Noida saw gold rates change by a massive -5.09%.

Gold Rate Trend in Noida for December 2016

• The final month of the quarter and year was better for gold rates as the decline wasn’t as bad as it was during the previous two months.
• Demonetisation still seemed to be stopping gold sales as cash liquidity issued dogged the entire nation.
• The 1st of the month began with gold trending at Rs.2,893 per gram and decreased to hit Rs.2,864 by the 10th.
• Prices seemed to go further down over the next 10 days as gold was trading at Rs.2,822 per gram around the 20th.
• Although Christmas didn’t bring any positive sales, New Year seemed to create a bit of magic as gold prices increased.
• Overall, Noida saw a gold rate changed by -1.69% in December.
• On average, gold prices seemed to change by -3.36% for the quarter between October and December.

Gold Rate Trend in Noida 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 August and 10th August	Rs.3,228 per gram from 7th September to 12th September
Lowest price	Rs.3,167 per gram on 1st July	Rs.3,205 per gram from 26th to 31st August	Rs.3,184 per gram on 1st and 2nd September
Trend	Incline	Decline	Incline
Change	+1.64 %	-0.43%	+1.04%

Gold Rate Trend of Noida in July 2016

• Gold traded at Rs.3,167 per gram on 1st July.
• Prices rose slightly on the 2nd and remained unchanged at Rs.3,203 until the 4th after which they fluctuated over the next two days.
• Prices remained stable at Rs.3,227 – the highest recorded rate from the 7th to the 9th of July thanks to firming trends.
• Consistent declines over the next three days made prices plunge and remain constant at Rs.3,199 between the 13th and 21st of July.
• Prices increased consistently until the end of the month and the precious metal closed the month at Rs.3,249 per gram.

Gold Rate Trend of Noida in August 2016

• The rate of gold per gram on the 1stt of August was recorded at Rs.3,219 and remained stable until the 3rd of the month.
• Rates fluctuated over the next few days and prices gained stability at Rs.3,206 between the 6th and 9th of the month.
• Fluctuations were recorded over the following week before rates achieved stability at Rs.3,238 from the 18th to the 24th.
• Prices fell over the next two days and settled at Rs.3,205 from the 26th to the 31st of August.
• Overall, prices declined by 0.43% between the start and end of August.

Gold Rate Trend of Noida in September 2016

• Gold traded at Rs.3,184 per gram on 1st and 2nd September, which was the lowest rate for this month.
• Prices rose and stayed constant from the 3rd of September to the 5th at Rs.3,195.
• Prices fell on certain days and remained unchanged for short periods before fluctuations were recorded again.
• Prices remained constant from the 22nd until the 28th at Rs.3,227 and closed September at Rs.3,217 per gram.
• The overall increase in prices between the start and end of September was just a little over 1%.

Gold Rate Trend in Noida 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 on the 30th of June
Highest Price	Rs. 3,119 per gram on April 30	Rs. 3,120 per gram on May 7	Rs.3,182 per gram on the 28th and 29th of June
Lowest Price	Rs. 2,933 per gram on April 5	Rs. 2,960 per gram on May 31	Rs.2,950 per gram on 2nd of June
Trend	Rise	Decline	Rising
Change	+5.98%	-5.09%	+6.99%

Gold Rate Trend of Noida in April 2016

• There were minor fluctuations seen in the month of April.
• The highest rate of gold in the month was on the last day with gold trading at Rs. 3,119 per gram.
• The lowest rate of gold was on the 5th of the month wherein gold was priced at Rs. 2,933 per gram.
• An increase of 5.98% was observed in the rate of gold as the month progressed.

Gold Rate Trend of Noida in May 2016

• Gold rate traded at Rs. 3,119 per gram on the first day of the month.
• As the month of May progressed, a decline of 5.09% was noted.
• The lowest rate of gold in the entire month was on the last day of the month, at Rs. 2,960.
• The decline could be attributed to an expected increase in interest rate by U.S. Fed and an ongoing strike.

Gold Rate Trend of Noida in June 2016

• Gold traded at Rs.2,960 per gram on the 1st of June.
• Gold hit its lowest on 2nd of June at Rs.2,950 per gram.
• Gold hit the highest for the month on 28th of June at Rs.3,182 per gram.
• Prices steadily increased over the week as gold closed the month at Rs.3,167 per gram on the 30th of June.

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.