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 14th 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 14th 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 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,010 per gram | Rs.3,077 per gram | Rs.3,113 per gram |
| Last day | Rs.3,066 per gram | Rs.3,129 per gram | Rs.3,134 per gram |
| Highest price | Rs.3,120 per gram on 24 & 25 January | Rs.3,161 per gram on 18 & 19 February | Rs.3,171 per gram on 25 & 26 March |
| Lowest price | Rs.3,010 per gram from 1-3 January | Rs.3,035 per gram on 9 February | Rs.3,098 per gram on 19 & 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 1.68% | 0.67% |
Gold Rate Trend in Noida 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 from 12 to 16 October | Rs.3,060 per gram from 18 to 20 November | Rs.3,036 per gram from 2 to 4 December |
| Lowest price | Rs.3,026 per gram on 27, 30 and 31 October | Rs.3,006 per gram on 1 November | Rs.2,910 per gram on 11 to 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.20% | 0.66% | 0.13% |
Gold Rate Trend in Noida for October 2017:
- The price of gold in Noida was Rs.3,063 per gram when trading began for the month of October.
- The U.S. Dollar stabilised after a period of instability and this led equity markets to also rise, which led to a decline in demand for gold.
- Gold price in Noida fell to Rs.3,028 per gram on 6 October as a result of lowered demand for the precious metal.
- There was muted demand for gold throughout the month, in spite of festivals like Diwali. In fact, there was little to no impact on the price of gold during the festive period.
- Industrial demand was also on the decline as equities and a resurgent dollar kept imports to a minimum.
- Prices dropped to Rs.3,026 per gram from 27-31 October, resulting in the metal losing 1,20% of its value over the course of the month.
Gold Rate Trend in Noida for November 2017:
- As the month began, gold was priced at Rs.3,006 per gram in Noida, with a decline in price seen due to poor demand.
- A spurt in demand due to a sudden dip in the dollar rate led to prices rising to Rs.3,045 per gram on 10 November.
- A weakened U.S. Dollar led to greater demand for gold, as Asian markets also increased orders due to cheaper import costs.
- Prices rose to Rs.3,060 per gram, the highest for the month as local demand also rose due to the festive season.
- As markets stabilised and the dollar recovered, there was a slight drop in demand for gold and the price fell.
- Gold ended the month trading at Rs.3,026 per gram to record a rise of 0.66% over the course of the month.
Gold Rate Trend in Noida for December 2017:
- The price of gold in Noida in December saw quite a few fluctuations due to conflicting cues from markets.
- The month began with gold priced at Rs.3,016 per gram, with the price rising to Rs.3,036 per gram on 2 December following strong demand from overseas industrial units.
- Capitalising on the weak dollar, there was heightened demand for the yellow metal before prices regularised.
- Demand continued to fluctuate as markets were skittish due to turbulent geopolitical environment in the United States.
- Prices finally began to stabilise as the month drew to a close, trading at Rs.3,020 per gram on 31 December.
- The turbulence in the markets notwithstanding, gold prices rose by 0.13% during the month.
