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Gold is usually considered a stable investment option. This sparkling yellow metal finds its way into even the most modest households. Favoured by Indians as a traditional metal for ornaments worn on auspicious occasions, while simultaneously satisfying an investment need in today’s scenario, gold investment can be done in more than one way. Buying jewellery, bars, and coins are not what gold purchase is limited to. Paper gold in the form of gold funds and bonds are changing the way we invest in gold. It is therefore essential that gold rates must be known by potential investors.

 

If you live in Faridabad and want to invest in the yellow metal today, gold price today in faridabad must be taken into consideration, as well as other aspects related to gold.

Gold Price Per Gram in Faridabad

While the gold market may often see a fluctuation, a fall in its price is generally short-termed. Check out the Gold Price Today in Faridabad for different weights below and invest meticulously.

Gram

24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹ 7,098

₹ 7,051

₹ 47

10 Gram

₹ 70,980

₹ 70,510

₹ 470

100 Gram

₹ 7,09,800

₹ 7,05,100

 ₹ 4700

22 & 24 Carat Gold Rate in Faridabad for Last 10 Days

If you want to invest in gold, here are the several options you choose from:

  • Physical Gold

  • ETFs of gold

  • Derivative gold contract

 

Investment in gold can be short-term and also long-term. So before you choose to invest in gold, here is gold rate today in faridabad during a ten-day period which will help you understand the daily fluctuations in its price.

 

Date

STANDARD GOLD 22K

PURE GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

April 24, 2024

 ₹ 6,760.00

₹ 67,600.00

₹ 7,098.00

 ₹ 70,980.00

April 23, 2024

 ₹ 6,715.00

₹ 67,150.00

₹ 7,051.00

 ₹ 70,510.00

April 22, 2024

 ₹ 6,905.00

₹ 69,050.00

₹ 7,250.00

 ₹ 72,500.00

April 21, 2024

 ₹ 6,905.00

₹ 69,050.00

₹ 7,250.00

 ₹ 72,500.00

April 20, 2024

 ₹ 6,905.00

₹ 69,050.00

₹ 7,250.00

 ₹ 72,500.00

April 19, 2024

 ₹ 6,915.00

₹ 69,150.00

₹ 7,261.00

 ₹ 72,610.00

April 18, 2024

 ₹ 6,865.00

₹ 68,650.00

₹ 7,208.00

 ₹ 72,080.00

April 17, 2024

 ₹ 6,895.00

₹ 68,950.00

₹ 7,240.00

 ₹ 72,400.00

April 16, 2024

 ₹ 6,895.00

₹ 68,950.00

₹ 7,240.00

 ₹ 72,400.00

April 15, 2024

 ₹ 6,805.00

₹ 68,050.00

₹ 7,145.00

₹ 71,450.00

Gold Rate Calculator

Calculating the current gold rate for different cities/states and for different quantities has become quite easy with a gold rate calculator. It is an online tool which you can use to instantly calculate the gold rate of a particular city/state.

 In the calculator, you need to enter the city/state, the quantity of gold, the gold carat, and the weight.

 

Upon submitting these inputs, the gold calculator will immediately show you a fair estimate of the gold value and the ongoing rates in the particular city/state. One of the striking features of this online tool is you can view results in different weighing standards like ounce, gram, tola, kilogram, ratti, bhori, etc. as per your preference.

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Gold Investment in Faridabad

Faridabad is the most populated area in Delhi NCR, and under the control of Haryana state. Being an important city, gold here is a symbol of wealth and superiority just like all across the country. As it is an industrial hub, many gold investment options are available. In terms of gold jewellery, there are many small and large retailers in Faridabad. Did you know, over 1,90,000 tonnes of gold is available globally?

 Out of this, almost half is in the form of jewellery followed by some investments in digital gold and Sovereign Gold Bonds and ETFs.

 

With the coming of the digital age and the need for security, digital gold promises safe ways of investing in 24 carat gold without the worry of gold purity concerns. If you are an investor in Faridabad, you must know the gold price. Faridabad, today, has many avenues for gold investment, but since gold prices are prone to fluctuations, the current gold rate, Faridabad-wise, should be known.

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Points to Remember When Buying Gold in Faridabad

Today, the gold rate in Faridabad for 22 carat, being the purity standard you want, must be accurately known before you consider a gold investment. This is especially true for gold ornaments. This is among the primary considerations. Here are some considerations you shouldn’t ignore while shopping for gold:

  • Run a Check on the Rate Per Gram

Although sellers will sell you gold at the rate of 10 grams, if you know the per gram price, you will know the exact value of the gold you buy. Then you can add the extra charges, like tax and making charges and determine if the price is right.

  • Determine purity

You should insist on checking the purity through a machine that most sellers have. Additionally, look for the stamp or hallmark on the gold article itself. For instance, you may see a stamp of ‘916’, and this means that the gold article has 91.6% of pure gold, reflecting that as 22 carat gold.

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Factors that Affect Gold Price in Faridabad

The same factors that determine the gold price in Faridabad are the ones that affect gold prices inadvertently, in any Indian city, not just in Faridabad. Gold rates are largely determined and influenced by the factors of supply and demand, both internationally and domestically, inflation within India, taxes, making charges, etc. Here are the key factors in more detail:

  • The Great Demand

One among the most sought-after precious metals, gold is always in demand in Faridabad. This often takes the price of the metal up, especially at festive times.

  • Rates of Interest

Either directly or indirectly, interest rates affect the price of gold. As gold is represented as collateral against loans given to individuals by banks and other financial institutions, interest rates play a role in gold price fluctuations.

  • Government Variables

Since gold is imported from abroad, taxes imposed both within the country and from outside have some bearing on the gold price in Faridabad.

  • International Factors

International gold rates determine the rates within India. If the gold rate goes up globally, India buys less gold for a high price, for instance. There may be less of a supply, and this creates increased demand. This, in turn, takes the gold price up.

  • The Economy of India

The economic conditions within the country affect the rate of gold. If there is a high extent of inflation, gold is a safety net to depend on and people buy more of it to guard against economic volatility. This creates a demand for gold and the prices for gold see an upswing.

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How is the Purity of Gold Evaluated in Faridabad?

Shopping for gold in Faridabad is simple as you will find several retailers. However, when you are buying physical gold, like jewellery especially, you have to be certain of the metal’s purity.

 

Typically, jewellery is made of 22 carat gold, and this is important to check, either via a hallmark on the piece you buy, or through other purity checks. Today, gold rate in Faridabad, should be ascertained against the purity.

 While 24 carat gold is the purest form, 23 carat and 22 carat gold is blended with alloys/other metals. Here are ways to check purity standards:

  • By Machine

If you are making a gold purchase today, you have to know that you are buying pure gold. Most jewellers have purity machines that evaluate purity. These digital machines also check the weight of the gold you are buying.

  • By Magnets

Since gold is non-ferrous in nature, it will not be attracted to magnets. If there is a large concentration of impure metal in the pieces of gold jewellery you intend to buy, attraction will exist.

  • By Certification/Hallmark

The Bureau of Indian Standards is the authority that ‘stamps’ gold with a hallmark that proves its authenticity and carat value. Therefore, this should be displayed on any piece of jewellery you buy (916 for 22 carat gold), and you should receive a certificate accordingly.

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GST Impact on Gold Rate in Faridabad

Today, the gold rate in Faridabad, when you buy gold, is not the only price you have to look at. You also have to take certain indirect taxes levied on gold by the Government of India. One is the GST, or Goods and Services Tax that is 3% on the actual gold value, and 5% on making charges of jewellery you buy.

FAQs on Gold Rate in Faridabad

How is the price of gold determined in Faridabad?

The prices of gold vary from city to city in India. The major factors that determine the price of gold in Faridabad are the trends of interest rate, transportation cost, inflation, government taxation, any alteration in the international gold price, etc.

 

What are the things that I must look for when purchasing gold in Faridabad?

One of the most essential things to look for when purchasing gold is the hallmark. Apart from it, the weight of the product, the place of purchase, etc. must be taken care of.

What is the difference between 22-karat and 24-karat gold in Faridabad?

Simply put, the higher the carat value of gold, the purer will be the metal. Simply put, 24-carat gold is the purest form of gold metal while 22-carat gold indicates a mixture of other metals with gold. Similarly, 18-carat gold has a higher amount of other metals along with gold in it. 

How do you find out the gold rate in Faridabad?

You can check gold rates online. Alternatively, you can also find out the prices of gold at local jewellers. Some banks display gold rates too.

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