Faridabad is a leading industrial centre bordering Delhi and doesn’t shy away from investing in gold. Although the demand for gold stays alive throughout the year in this city, festivities and wedding seasons observe a special demand. The gold rates in Faridabad depend on a gamut of factors such as inflation, demand and supply of gold, international relations or the rupee-dollar equation. Today Gold rate in Faridabad is ₹ 77,680 per 10 grams for 24 Carat and ₹ 71,210 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,768 | - ₹ 9 |
8 grams
|
₹ 62,144 | - ₹ 72 |
10 grams
|
₹ 77,680 | - ₹ 90 |
100 grams
|
₹ 7,76,800 | - ₹ 900 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,121 | - ₹ 9 |
8 grams
|
₹ 56,968 | - ₹ 72 |
10 grams
|
₹ 71,210 | - ₹ 90 |
100 grams
|
₹ 7,12,100 | - ₹ 900 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
20 November 2024
|
₹ 77,770 | ₹ 71,300 | +0.71% |
19 November 2024
|
₹ 77,220 | ₹ 70,800 | +1.89% |
18 November 2024
|
₹ 75,790 | ₹ 69,490 | 0% |
15 November 2024
|
₹ 75,910 | ₹ 69,600 | +0.14% |
14 November 2024
|
₹ 75,800 | ₹ 69,500 | -1.56% |
13 November 2024
|
₹ 77,000 | ₹ 70,600 | -0.56% |
12 November 2024
|
₹ 77,440 | ₹ 71,000 | -1.87% |
11 November 2024
|
₹ 78,910 | ₹ 72,350 | 0% |
08 November 2024
|
₹ 79,620 | ₹ 73,000 | +1.18% |
07 November 2024
|
₹ 78,710 | ₹ 72,150 | -2.24% |
06 November 2024
|
₹ 80,500 | ₹ 73,800 | +0.14% |
05 November 2024
|
₹ 80,390 | ₹ 73,700 | -0.14% |
04 November 2024
|
₹ 80,550 | ₹ 73,800 | 0% |
30 October 2024
|
₹ 81,310 | ₹ 74,550 | +0.88% |
29 October 2024
|
₹ 80,600 | ₹ 73,900 | 0% |
This bustling city is home to more than 2 million residents, most of whom sport a fairly high earning capacity.
People mainly prefer to invest in gold as a commodity here. Popular choices include gold jewels, followed by bars, bullions, coins, and ingots. Locals resort to gold purchases on a variety of occasions throughout the year including weddings, social gatherings, and festivals. Thus, the festive calendar plays an important role in determining gold prices here.
Market demand fluctuations and state taxes are other significant price determinants for gold. Similarly, making charges and inflation also influence gold purchases.
A strong inclination of Faridabad towards gold isn’t restricted to its cultural value. As per the experts, it mainly stems from portfolio diversification and financial stability that gold offers. The locals have time and again been reported to invest heavily in this precious metal as a hedge and emergency backup against inflation.
Some international factors affecting gold prices include the rupee-dollar equation and global gold prices.