Gold Price in Faridabad

Gold Price In Faridabad

Faridabad is positioned within the state of Haryana and is the nation’s biggest town. it is taken into consideration to be one of the primary industrial hubs of the countrywide Capital region, which surrounds New Delhi, Noida and Gurgaon. From a geographic and political point of view, Faridabad is also considered to be a much renowned vicinity for organizations to set up operations. With a populace of around 2 million, Faridabad is a hot mattress for gold call for due to the pretty excessive earning capability of its residents, who purchase gold for a diffusion of motives, such as weddings, social gatherings and much more.

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

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

Gold Rate Trend in Faridabad for July 2017:

• Gold price in Faridabad started off at Rs.2,992 per gram on the 1st of July.
• Rates declined over the course of the month – sometimes at an alarming rate – as demand fell considerably.
• This rapid fall in sales was due to the introduction of GST, through which the government ruled that a 3% tax need to be paid on every gold purchase.
• GST brought about a massive shift investor sentiments, which reflected in sales throughout this month. Gold rate in Faridabad went down to a monthly low of Rs.2,843 per gram on the 13th of July as a result of this.
• Another reason for the drop in prices was the US job data, which turned out to be stronger than expected.
• Bullion trading picked up over the final few days to end at Rs.2,950 per gram on the 31st of July.

Gold Rate Trend in Faridabad for August 2017:

• The month of August saw gold open at Rs.2,960 per gram.
• Gold price in Faridabad rose during the final few days of the month as the US economy underwent went under some stressful periods, owing to Hurricane Harvey and the rising conflict with North Korea.
• Gold traded at Rs.2,974 per gram on the 10th of August as uncertainty in the US economy pushed dollar rates down.
• The yellow metal was at its lowest this month during the first week when it traded at Rs.2,930 per gram. This was because of a weak demand brought about by the implementation of GST.a
• Gold rate in Faridabad improved over the final few days, thanks to the festive season and the considerable fall of the US dollar amid geopolitical concerns.
• The month ended with gold rates holding at Rs.2,999 per gram. There was a two fold growth in gold prices this month as local demand surged due to positive global cues.

Gold Rate Trend in Faridabad for September:

• Gold opened at Rs.3,024 per gram on the 1st of September.
• Gold rate in Faridabad rose considerably over the first two weeks due to the US’ ongoing tiff with North Korea and the weaker-than-expected economic performance.
• Gold rates in Faridabad went up to as much as Rs.3,130 per gram after North Korea’s latest nuclear test acted as a strong deterrent for major economies.
• Prices dropped from the third week onwards and trading remained subdued as the US Federal Reserve announced that it is on track to hike rates later in the year.
• On the final day of the month, gold price in Faridabad were recorded at Rs.3,063 per gram. There was a 1.29% incline in prices, thanks to a number of global and domestic factors that influenced trading in the city.

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

Gold Rate Trend in Faridabad for April 2017:

• When gold trading began in Faridabad 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 Faridabad.

Gold Rate Trend in Faridabad for May 2017:

• Gold prices in Faridabad 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 Faridabad had declined by 0.49% in the month of May.

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

Gold Rate Trend for Faridabad in January 2017:

• Gold opened the trading for the month of January at Rs.2,844 per gram on January 1st.
• On account of technical buying Gold rose to Rs.2,855 per gram on January 5th, despite a strong US Dollar.
• Technical buying in the domestic market saw Gold climb to Rs.2,866 per gram between the 5th of January and 9th of January to close the first week of trading.
• Uncertainty pertaining to UK’s trading role with Europe and a fall in energy stocks along with crude oil prices saw Gold climb to Rs.2,925 per gram on January 12th.
• Technical buying saw Gold prices rise to Rs.2,941 per gram on January 14th and 15th to close the second week of trading.
• Gold opened the third week of trading at Rs.2,952 per gram on January 16th.
• Gold peaked its second week of trading at Rs.2,973 per gram on January 18th.
• A stronger US Dollar saw Gold slip to Rs.2,952 on January 20th.
• Gold stabilized at Rs.2,963 per gram on January 21st and 22nd to close the third week of trading.
• Gold opened the fourth week of trading on a monthly high of Rs.2,979 per gram on January 23rd and 24th.
• A positively inclined US Dollar saw Gold slip to Rs.2,947 per gram on January 28th and 29th.
• Technical buying allowed Gold to recover to Rs.2,958 per gram to close the month’s trading on January 31st.

Gold Rate Trend for Faridabad in February 2017:

• Gold opened trading for the month of February at Rs.2,978 per gram on February 1st.
• Slump in domestic demand saw Gold slip to Rs.2,957 per gram on February 4th and 5th to close the first week’s trading.
• Safe-haven demand for the precious metal saw Gold recover to Rs.2,999 per gram in its second week of trading on February 7th.
• Technical buying saw Gold climb further to Rs.3,009 per gram between February 8th and 10th.
• A global decline in demand for Gold saw it slip to Rs.2,983 on February 11th and 12th to close the second week of trading.
• Gold held steady and opened the third week of trading at Rs.2,983 per gram on February 13th.
• A marginal slump in domestic demand saw Gold slip to Rs.2,973 per gram on February 14th and 15th.
• Prevailing prices saw demand for Gold rise causing spot Gold price to rise to Rs.3,004 per gram on February 17th.
• Gold stabilized at Rs.2,999 per gram on February 18th and 19th to close the third week of trading.
• Gold opened the fourth week of trading at Rs.2,999 per gram and remained stable between February 20th and 24th.
• Safe-haven demand for Gold saw prices of Gold rise to Rs.3,031 per gram between February 25th and 27th.
• Gold closed the month’s trading at Rs.3,020 per gram on account of technical buying.

Gold Rate Trend for Faridabad in March 2017:

• Gold opened the trading for the month of March at Rs.3,009 per gram on March 1st following strengthening dollar on hawkish comments from the US Federal Reserve officials.
• A slump in demand for the precious metal saw it slip to Rs.2,990 per gram between March 3rd and 5th, to close the first week’s trading.
• A stronger US Dollar saw Gold slip to Rs.2,970 per gram in its second week of trading on March 7th.
• Safe-haven buying on account of a weakening US Dollar saw Gold prices climb to Rs.2,977 per gram on March 9th.
• Technical trading saw Gold stabilize at Rs.2,971 per gram on March 11th and 12th to close the second week of trading.
• Gold opened the third week of trading at a stable Rs.2,971 per gram on March 13th.
• A strong US Dollar and a decline in global demand for the precious metal saw Gold slip to a month’s low of Rs.2,950 per gram on March 15th.
• Prevailing prices saw domestic demand boost, allowing Gold to recover to Rs.2,971 per gram on March 18th and 19th to close the third week’s trading.
• Technical buying saw Gold open the fourth week of trading at Rs.2,976 per gram on March 20th and 21st.
• Uncertainty pertaining to the US monetary policy saw Gold climb to Rs.3.003 per gram on March 22nd and 23rd.
• Technical trading saw Gold stabilize at Rs.2,993 per gram between March 24th and 26th to close the fourth week of trading.
• A weakened US Dollar saw Gold open the fifth week of trading at Rs.3,003 per gram on March 27th.
• A slump in domestic demand saw Gold close the month’s trading at Rs.2,991 per gram on March 31st.

Gold Rate In Faridabad

Gold quotes or costs within the town of Faridabad can vary relying on factors along with the purity of the gold in addition tothe burden. the burden classes for both 22 karat and 24 karat gold are segregated into weights of eight grams, 10 grams, one hundred grams, 1 kilogram and more.

22 Karat Gold

22 Karat gold is made from about 92% 24-karat gold. The remaining 8% is usually made up of a combination of some form of alloy, namely zinc or nickel amongst others. 22 karat gold is famous in India because of it’s affordable price and is used primarily in making jewellery for everyday wear. The gold rates for 22 karat gold in Faridabad as of 10th March 2016 for different weight categories are as follows:

Gold rates for 22 karat gold increased from Rs 2,753 per gram on March 3rd 2016 to Rs 2,773 per gram on March 10th 2016. However, gold rates hit a weekly high of Rs 2,795 on March 9th 2016.

Gold rates for 22 karat gold of 8 gram weightage reduced from Rs 22,360 on March 9th 2016 to Rs 22,184 on March 10th 2016.

24 Karat Gold

24 karat gold is gold in its purest form and is made up of 99.95% of pure gold with trace mixes of other alloys making up the remaining 0.5%. This form of gold is not known for its firmness, and is generally used in gold bars and bullion rather than in jewellery. The gold rates for 24 karat gold in Faridabad as of 10th March 2016 for different weight categories are as follows:

Gold rates for 24 karat gold increased from Rs 2,949 per gram on March 3rd 2016 to Rs 2,966 per gram on March 10th 2016. However, gold rates hit a weekly high of Rs 2,991 on March 9th 2016. Gold rates for 22 karat gold of 8 gram weightage reduced from Rs 22,928 on March 9th 2016 to Rs 23,728 on March 10th 2016.

Gold Investment Avenues In Faridabad

Gold is usually in high call for in Faridabad due to it being a secure investment. it is also seen as an asset that may be readilyexchanged for cash. In Faridabad, gold is bought and given as presents on auspicious days such as weddings and duringcertain spiritual festivals. Gold may be bought or traded without problems in Faridabad through a number of avenues and stores such as:

Over-the-counter: the easiest and maximum handy way to buy gold in Faridabad is via travelling any of the nearby gold and jewellery stores. these stores offer customers special varieties of gold in numerous paperwork at reasonable costs, in line with the marketquotes. by buying gold at any of the neighborhood stores, clients get the risk to make knowledgeable decisions based at theauthenticity and purity of the gold on display.

Market Trade: With time at a top rate for maximum of Faridabad’s working magnificence, individuals trying to put money into gold can achieve this on line by trading in Gold ETFs or Gold Mutual price range via in reality opening a trading account. theseinvestments can be traded through the stock alternate right from the consolation of the home of the individual or via a broking.