Feb 25
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Gold Rate In Ghaziabad
Daily Gold Rates
| Date | Standard Gold (22 K) | Pure Gold (24 K) | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 24 Feb 2018 | ₹ 2,975 | ₹ 23,800 | ₹ 3,124 | ₹ 24,992 |
| 23 Feb 2018 | ₹ 2,970 | ₹ 23,760 | ₹ 3,119 | ₹ 24,952 |
| 22 Feb 2018 | ₹ 2,975 | ₹ 23,800 | ₹ 3,124 | ₹ 24,992 |
| 21 Feb 2018 | ₹ 2,985 | ₹ 23,880 | ₹ 3,134 | ₹ 25,072 |
| 20 Feb 2018 | ₹ 3,000 | ₹ 24,000 | ₹ 3,150 | ₹ 25,200 |
| 19 Feb 2018 | ₹ 3,010 | ₹ 24,080 | ₹ 3,161 | ₹ 25,288 |
| 18 Feb 2018 | ₹ 3,010 | ₹ 24,080 | ₹ 3,161 | ₹ 25,288 |
| 17 Feb 2018 | ₹ 2,990 | ₹ 23,920 | ₹ 3,140 | ₹ 25,120 |
| 16 Feb 2018 | ₹ 2,990 | ₹ 23,920 | ₹ 3,140 | ₹ 25,120 |
| 15 Feb 2018 | ₹ 2,955 | ₹ 23,640 | ₹ 3,103 | ₹ 24,824 |
Gold Price in Ghaziabad
Ghaziabad is also called as Gateway of Uttar Pradesh as it is close to New Delhi and it acts as the main entrance of Uttar Pradesh. It is a planned industrial city that is connected by the roads and railways. There are a large number of commercial and residential projects coming up along the national highway 24.
The gold rate in Ghaziabad varies according to its purity. People can buy 24 karat, 22 karat, 18 karat and 14 karat gold. The most expensive is the 24 karat gold and 14 karat is the cheapest. Gold rate changes according to the gold market in the country and overseas. The prices of gold had fallen down a lot in 2015 and it picked up in January 2016.
24 karat gold:
24 karat gold is the purest gold as it includes 99.95% gold mass. This is a soft metal and it cannot be used to make jewellery and other ornaments. The gold rate for 24 karat gold in Ghaziabad is Rs.29,660 per 10 grams as on 10th March, 2016.
22 karat gold:
22 karat gold is the highest quality gold it includes 91.6% gold mass. It is used to make jewellery and ornaments. It has a shiny yellow coat and the brightness depends on if silver or copper is mixed. When gold is mixed with copper, it has a reddish tint. Zinc is added to copper to neutralise the rose color and make it more yellow. The best quality is when the 22 karat gold is alloyed with silver. It is the most common form of retail gold jewellery and it has to be taken care of so that it doesn’t wear off. The gold rate for 22 karat gold in Ghaziabad is Rs.27,730 per 10 grams as on 10th March, 2016.
18 karat gold:
This includes 75% of the gold mass and it is the popular karat for jewellery. Its strength can hold gemstones, diamonds and emeralds in place. Rose and pink gold are 18 karat.
14 karat gold:
This includes 58.3% gold mass and it is the cheapest type of gold jewellery. If alloyed with copper it gives out a dull bronze color. When alloyed with silver or nickel it will look white and it is called white gold.
Gold Rate Trend in Ghaziabad 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 on 12, 13, 14 October | Rs.3,060 per gram on 18,19 and 20 November | Rs.3,036 per gram on 2, 3 and 4 December |
| Lowest price | Rs.3,026 per gram on 30 and 31 October | Rs.3,005 on 6 November | Rs.2,940 on 12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | 1.20% | 0.66% | 0.13% |
Gold Rate Trend in Ghaziabad 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 and 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 and 13 July | Rs.2,930 per gram on 3 August and from 5 to 7 August | Rs.3,024 per gram on 1 September |
| Trend | Decline | Incline | Incline |
| Change | -1.4% | 1.31% | 1.29% |
Gold Rate Trend in Ghaziabad for July 2017:
- When trade exchanges opened in Ghaziabad for July, gold was priced at Rs.2,992 per gram. Trading this month was mostly affected by a rising US dollar and the subsequent decrease in local demand.
- Gold rates in Ghaziabad seemed to decline gradually for the first two weeks before reaching a monthly low trading figure of Rs.2,843 per gram on the 12th of July.
- This was because of the implementation of GST, which caused investors to refrain from making high-value purchases.
- From the third week onwards, gold prices looked to be improving, thanks to investors slowing experimenting with increased purchases.
- On the final day of this month, gold price in Ghaziabad had surged to end at Rs.2,950 per gram. Despite some late surge, gold rate trend saw a 1.4% decline for July.
Gold Rate Trend in Ghaziabad for August 2017:
- During the first week of August, gold trading remained largely on the weak side. This was because of poor local demand, brought about by GST.
- On the 1st of August, gold was priced at Rs.2,960 per gram.
- The initial few days i.e., the 3rd saw gold price in Ghaziabad go down to Rs.2,930 per gram and continue at this rate from the 5th to the 7th of the month.
- But, a number of key global factors combined with an improved investor sentiment led to gold prices rising gradually.
- On the 28th, gold traded at Rs.3,017 per gram because of a shaky US dollar. This rise could be attributed to the effects of Hurricane Harvey and the effects it had on the US economy.
- When the month ended, gold price in Ghaziabad were recorded at Rs.2,999 per gram. Overall, there was a 1.31% increase in gold prices this month.
Gold Rate Trend in Ghaziabad for September 2017:
- Gold was trading at Rs.3,024 per gram on the 1st of September – a Rs.25 per gram increase from the previous day.
- Prices surged significantly during the first week as demand skyrocketed because of the intensified conflict between the US and North Korea.
- Gold rate in Ghaziabad reached a monthly high figure of Rs.3,130 per gram on the 8th of September, as North Korea conducted an underground nuclear test despite opposition from all the world’s major forces.
- However, the US dollar picked up amidst an improving economy and the latest Federal Reserve meeting, which concluded with possible interest rate hike later in the year.
- On the final day of the month, gold prices in Ghaziabad had dropped to Rs.3,063 per gram, meanwhile recording a 1.29% increase in gold rates.
Gold Rate Trend in Ghaziabad for April 2017 to June 2017 (per gram of 24 karat gold)
| Factor | April | May | June |
| 1st day | Rs.2,991 per gram | Rs.3,011 per gram | Rs.3,012 per gram |
| Last day | Rs.3,011 per gram | Rs.2,992 per gram | Rs.2,992 per gram |
| Highest price | Rs.3,068 per gram on 15 and 16 April | Rs.3,011 per gram on 1 and 2 May | Rs.3,057 on 7 June |
| Lowest price | Rs.2,983 per gram from 8 – 10 April | Rs.2,918 per gram from 11 to 15 May | Rs.2,972 on 27 June |
| Trend | Incline | Decline | Decline |
| Change | 0.66% | -0.49% | -0.66% |
Gold Rate Trend in Ghaziabad for April 2017:
- When gold trading began in Ghaziabad 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 Ghaziabad.
Gold Rate Trend in Ghaziabad for May 2017:
- Gold prices in Ghaziabad 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 Ghaziabad had declined by 0.49% in the month of May.
Gold Price Trend in Ghaziabad 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 Ghaziabad 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 from 23rd of January to 24th of January | Rs.3,031 per gram from the 25th of February to 27th of February | Rs.3,009 per gram on the 1st and 2nd of March |
| Lowest price | Rs.2,844 per gram from the 1st of January to the 3rd of January | Rs.2,957 per gram from the 4th of February to the 6th of February | Rs.2,950 per gram on the 15th of March |
| Trend | Incline | Incline | Decline |
| Change | 4.0084% | 1.41% | -0.60% |
Gold Rate Trend for Ghaziabad in January 2017:
- Gold started the year 2017 at a strong Rs.2,844 per gram, on account of technical buying despite a strong US Dollar on January 1st.
- An increase in demand saw Gold climb to Rs.2,855 per gram on March 4th.
- Healthy global demand saw Gold climb to Rs.2,866 per gram on January 5th.
- US stocks saw a slump as energy shares dropped along with the price of crude oil, allowing Gold to climb to Rs.2,888 per gram on January 10th.
- Uncertainty over the US monetary policy caused Gold to further climb to Rs.2,925 per gram on January 12th.
- Concerns amid Britain’s exit from the European Union saw the global spot price of Gold climb to Rs.2,952 per gram on January 16th and January 17th.
- Uncertainty over the US monetary policy saw the US Dollar slump, causing Gold to climb to an 8-week high of Rs.2,973 per gram on January 18th.
- On the 23rd of January Gold reached a 2-month high of Rs.2,979 per gram amid uncertainty of the future US monetary policy.
- Technical corrections caused Gold to slip to Rs.2,946 per gram on January 27th.
- A weak US Dollar and sluggish economic data from the US saw Gold prices climb to Rs.2,967 per gram on January 30th.
- Gold closed the month’s trade at Rs.2,958 per gram on January 31st.
Gold Rate Trend for Ghaziabad in February 2017:
- Gold opened the month’s trading at Rs.2,978 per gram on February 1st.
- Uncertainty over the upcoming French election, weak industrial data from Germany and a strong US Dollar saw Gold slip to Rs.2,957 per gram to close the week’s trading on February 5th.
- A boost in demand from retailers, jewellers and investors saw Gold prices edge up to Rs.2,999 per gram on February 7th.
- Sustained demand for Gold saw prices further climb to Rs.3,009 per gram on February 8th, 9th and 10th.
- The US Dollar strengthening against the Japanese Yen saw Gold prices slip to Rs.2,983 per gram on February 11th.
- Gold remained stable and closed the second week’s trading at Rs.2,983 per gram on February 12th.
- Gold opened the third week of trading at Rs.2,983 per gram on February 13th.
- Technical corrections saw Gold slip to Rs.2,973 per gram on February 14th and February 15th.
- A weakened US Dollar saw Gold climb to Rs.3,004 per gram on February 17th.
- Gold held firm at Rs.2,999 per gram to close the week’s trade on February 19th.
- Gold opened the fourth week of trading at a stable Rs.2,999 per gram on February 20th.
- A struggling US Dollar amid uncertainty pertaining to the US monetary policy saw Gold climb to weekly high of Rs.3,031 per gram on February 25th.
- A marginally strengthened US Dollar saw Gold prices slip to Rs.3,020 per gram to close the month’s trade on February 28th.
Gold Rate Trend for Ghaziabad in March 2017:
- A stronger US Dollar saw Gold open trading on March 1st at Rs.3,009 per gram.
- Expectations of a US Federal Interest Rate hike in March saw Gold slip to Rs.2,990 per gram between March 3rd and March 6th.
- A weak demand domestically saw Gold prices slip to Rs.2,965 per gram on March 10th.
- A stronger US Dollar and a weak global demand saw domestic prices of Gold fall to Rs.2,951 per gram on March 14th.
- A marginally weakened US Dollar saw Gold prices rise to Rs.2,971 per gram on March 18th and March 19th.
- The failure of a new healthcare bill proposed by President Donald Trump saw Gold climb to Rs.3,003 per gram on March 22nd and March 23rd.
- Technical corrections caused Gold to slip to Rs.2,993 per gram between March 24th and March 26th.
- A strong demand for Gold allowed it to recover to Rs.3,003 per gram between March 27th and March 30th.
- Technical corrections caused Gold to drop to Rs.2,991 per gram to close the month’s trading on March 31st.
