✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

Gold holds great cultural and economic importance in India, playing a key role in traditions and celebrations. The metal symbolises wealth and prosperity, and is also a popular investment choice for many.

 

 The rates for 24, 22, and 18 karat gold in Noida can differ on a daily basis due to various domestic and international factors. These may include the current demand and supply dynamics, inflation in the country, and more.

 

If you are planning to invest in gold or get a gold loan, check the rate and plan the best timing for maximum benefits.

Gold Investment Options in Noida

The gold investment market is growing in popularity every day, with many ways to invest, making it suitable for all types of investors. Besides purchasing physical gold, here are some of the most popular and convenient options:

  • Digital Gold

This is one of the most popular methods for investing in gold. It is a convenient way for gold investment because you do not need to store physical gold. Fintech companies recognised the demand for gold investments and began offering digital gold. 

 

When you buy digital gold online, these companies store the actual gold for you in a secure, insured vault.

  • Sovereign Gold Bonds (SGBs)

You can start with as little as 1 gram of gold. The bonds last for 8 years, but you have the option to exit in the 5th, 6th, or 7th year. With SGBs, you earn 2.50% annual interest, paid every six months. 

 

You do not need to worry about the safety of your funds since it is backed by the Reserve Bank of India.

  • Gold Exchange-Traded Funds (ETFs)

You receive units of gold in a demat account, with each unit typically equalling 1 gram of gold. You can buy or sell these units through. Gold ETFs are available on the National Stock Exchange of India (NSE) and Bombay Stock Exchange Ltd. (BSE), just like other stocks. 

 

You can buy and sell them anytime during market hours at current prices.

  • Jeweller Schemes

Jewellers offer gold schemes that allow you to buy gold gradually by investing small amounts over time. It functions similarly to a Systematic Investment Plan (SIP), where you invest a fixed amount every month or at regular intervals to purchase gold.

Things to Consider Before Buying Gold in Noida

Before you consider investing in gold, you need to check today’s 24 karat gold rate in Noida or any other karat you are planning to buy. If the price seems reasonable, you can explore these additional methods to maximise your investment.

  • Trusted Seller

Choose sellers with a solid reputation in the market. If you are planning to invest online, contact current investors of a particular seller to gain insights. Read reviews and conduct case studies to assess the authenticity of the seller. 

 

The seller needs to have all the legal certificates for their business and must not charge hidden fees. 

  • Hallmark Certification

To protect against scammers, the Bureau of Indian Standards (BIS) has introduced a hallmark stamping system to determine the authenticity of gold. Look for the following – the hallmark logo, purity in karats, and the 6-digit Hallmark Unique Identification (HUID). 

 

Before making a purchase, you need to check all three of these essential elements to verify the authenticity of the gold. 

  • Associated Charges

There are additional charges you need to take into account, as they can exceed your budget. Some of the common charges include storage fees for keeping the gold in a bank locker, making charges, and Goods and Services Tax (GST). 

 

While GST has a fixed rate, you can negotiate with the seller to reduce the making charges. Alternatively, you can choose a seller whose charges are more in line with your budget. 

  • Compare the Offers

During the festive season, many sellers will offer discounts on gold to attract customers. You need to compare them and choose the one that fits your requirements. Ensure the seller does not have any hidden charges. 

Factors that Affect Gold Prices in Noida

In addition to keeping track of the gold price in Noida and understanding the key considerations before making a purchase, it is crucial to recognise the factors that influence price fluctuations. Here are some of the primary factors to consider:

  • Rupee Against the US Dollar

International gold trades are conducted in US dollars. Geopolitical events or global economic conditions can affect the value of the rupee against the US dollar, impacting import prices. These changes can influence the domestic gold market as well.

  • Government Import Regulations

Gold rates fluctuate when the government alters export or import regulations. If import duties on gold are reduced, the price of gold becomes lower, which brings down domestic prices. For instance, in 2024, the government lowered the import duty on gold from 15% to 6%, leading to a 9% drop in domestic prices.

  • Inflation

As inflation rises, the demand for gold increases. Investors often turn to gold as a secure investment option, driving up its demand and, consequently, the price. 

Ways to Check the Purity of Gold in Noida

Before making your gold investment, it is essential to verify its purity to avoid potential scams. There are several effective methods to check the authenticity of the gold, ensuring you make a secure purchase. Some of them include:

  • Hallmarking

Look for the hallmark stamping on the gold item before purchasing it to ensure it is pure. The purity is generally stamped in karats.

  • Stone Test

Obtain a black stone from the jeweller and rub the gold on it to create a visible mark. If the mark remains unchanged in colour, the metal is gold. If the colour changes, it is not gold.

  • Acid Test

After rubbing the metal on the black stone, apply a drop of nitric acid or hydrochloric acid to the mark. If the mark dissolves, the metal is fake. Gold, being non-reactive, will remain unaffected by the acid.

  • Heat Test

Genuine gold will melt without altering its colour. Other fake metals, such as copper, iron, and brass, will darken and change colour when heated. Reach out to a professional for this test to ensure safety and accuracy.

Impact of GST on Gold Rates in Noida

The GST on gold is set at 3%, which is divided equally between CGST and SGST, with 1.5% for each. In addition to this, making charges on jewellery attract a separate GST of 5%, which is applied to the cost of crafting the jewellery.

 

For example, if you purchase gold worth ₹80,000, the GST will be ₹2,400 (3% of ₹80,000). If the jeweller charges ₹4,000 for making the jewellery, the GST on the making charges will be ₹200 (5% of ₹4,000).

Impact of Gold Rates on Gold Loans in Noida

Gold rates affect how much you can borrow against gold, depending on the current value of gold, which changes with market prices. When gold prices go up, you can borrow a higher amount against your gold asset, and vice versa.

 

Gold loans offer flexibility and are reliable during financial emergencies. You can compare and apply for gold loans at Bajaj Markets. Just provide a few essential documents and get a loan within minutes.

Frequently Asked Questions

Do yellow, white, and rose gold have the same price in Noida?

Yellow, white, and rose gold are made from the same base material. However, prices can vary depending on the other metals mixed with pure gold. 

 

Rose gold might be a bit cheaper due to its copper content. On the other hand, white gold could be more expensive because of the extra cost of rhodium plating.

What are the different ways to invest in gold in Noida?

You can invest in gold in several ways. Here are some common options:

  • Buy physical gold like coins or jewellery when prices are low and sell when they rise

  • Invest in digital gold via fintech platforms to avoid storage hassle

  • Purchase stocks of gold mining or refining companies

  • Explore investment schemes offered by trusted sellers

What precautions should I take while purchasing gold jewellery in Noida?

When buying gold, there are a few important factors to keep in mind. Consider the following: 

  • Verify the purity by checking the hallmark logo, purity in karats, and the HUID number

  • Take into account the making and GST charges for accurate calculation

  • Check the current prices of gold to avoid overpaying

How can I apply for a gold loan in Noida?

On Bajaj Markets, you can quickly compare gold loan offers from various lenders and apply online. The entire process is digital, so you can apply from the comfort of your home with minimal formalities.

Home
active_tab
Loan Offer
active_tab
CIBIL Score
active_tab
Download App
active_tab