Gold rates in Haryana
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
In Haryana, gold predominantly serves two main purposes: as a cherished material for jewelry and as a medium for investment. India, inclusive of states like Haryana, ranks as one of the top consumers of gold worldwide.
Contrary to some countries where gold is extensively used for industrial purposes, in Haryana, gold primarily functions as an investment asset.
Gold is widely regarded as a secure investment option, particularly during periods of economic or political instability. In stable economic conditions, gold prices tend to remain steady. However, during turbulent times, such as conflicts or significant political changes, the prices of gold can experience more pronounced fluctuations.
This dual role of gold, both as a traditional adornment in jewelry and a hedge against uncertainty, underpins its enduring value in Haryana's economic and cultural landscape.
In Haryana, gold predominantly serves two main purposes: as a cherished material for jewelry and as a medium for investment. India, inclusive of states like Haryana, ranks as one of the top consumers of gold worldwide.
Contrary to some countries where gold is extensively used for industrial purposes, in Haryana, gold primarily functions as an investment asset.
Gold is widely regarded as a secure investment option, particularly during periods of economic or political instability. In stable economic conditions, gold prices tend to remain steady. However, during turbulent times, such as conflicts or significant political changes, the prices of gold can experience more pronounced fluctuations.
This dual role of gold, both as a traditional adornment in jewelry and a hedge against uncertainty, underpins its enduring value in Haryana's economic and cultural landscape.
24K Gold Rates Per Gram in Haryana
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Haryana
24K Gold Rates Per Gram in Haryana
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Haryana
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold Rates in Haryana
Determinants of Gold Prices in Haryana
The price of gold in Haryana is influenced by a variety of factors:
US Dollar Fluctuations:
The strength of the US Dollar inversely impacts gold prices in Haryana. A robust US Dollar often leads to a decrease in gold investments, as investors prefer the currency over gold. Conversely, a weakening dollar prompts banks to invest in gold, driving up its price. Conversely, a strong dollar can lead to a reduction in gold prices due to a shift in investment preference.
Import Costs:
A significant portion of Haryana's gold demand is met through imports. Consequently, import costs, particularly those incurred in US dollars, can significantly affect gold prices in the state.
Fixed Deposit Interest Rates:
With fixed deposits being a preferred investment choice in India, any decline in FD rates often results in a shift towards gold investments, increasing its demand and price.
Economic Stability:
Gold prices tend to rise during economic uncertainties, as it's seen as a stable asset. Investors often move funds from riskier assets to gold during such times.
Seasonal Demand:
Gold demand and prices in Haryana typically increase during festive seasons, weddings, and other auspicious occasions.
Impact of Inflation:
Gold prices escalate during periods of high inflation, as it is commonly purchased as a hedge against inflationary trends.
Demand vs. Supply Dynamics:
Haryana's minimal contribution to global gold production and reliance on imports to satisfy demand can lead to supply shortages, thereby increasing gold prices.
Mining and Production Costs:
The high energy consumption for gold production and the rising costs for mining companies are reflected in the imported gold prices in Haryana.
Global Gold Prices:
Changes in international gold prices directly influence gold rates in Haryana, such as when central banks globally purchase gold as an inflation hedge.
Determinants of Gold Prices in Haryana
The price of gold in Haryana is influenced by a variety of factors:
US Dollar Fluctuations:
The strength of the US Dollar inversely impacts gold prices in Haryana. A robust US Dollar often leads to a decrease in gold investments, as investors prefer the currency over gold. Conversely, a weakening dollar prompts banks to invest in gold, driving up its price. Conversely, a strong dollar can lead to a reduction in gold prices due to a shift in investment preference.
Import Costs:
A significant portion of Haryana's gold demand is met through imports. Consequently, import costs, particularly those incurred in US dollars, can significantly affect gold prices in the state.
Fixed Deposit Interest Rates:
With fixed deposits being a preferred investment choice in India, any decline in FD rates often results in a shift towards gold investments, increasing its demand and price.
Economic Stability:
Gold prices tend to rise during economic uncertainties, as it's seen as a stable asset. Investors often move funds from riskier assets to gold during such times.
Seasonal Demand:
Gold demand and prices in Haryana typically increase during festive seasons, weddings, and other auspicious occasions.
Impact of Inflation:
Gold prices escalate during periods of high inflation, as it is commonly purchased as a hedge against inflationary trends.
Demand vs. Supply Dynamics:
Haryana's minimal contribution to global gold production and reliance on imports to satisfy demand can lead to supply shortages, thereby increasing gold prices.
Mining and Production Costs:
The high energy consumption for gold production and the rising costs for mining companies are reflected in the imported gold prices in Haryana.
Global Gold Prices:
Changes in international gold prices directly influence gold rates in Haryana, such as when central banks globally purchase gold as an inflation hedge.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Haryana?
Assessment of Gold Purity and Pricing in Haryana
In Haryana, the evaluation of gold purity and pricing aligns with the standards set by the Indian Bullion Association. Gold merchants throughout the state are obligated to hallmark their products, a practice that guarantees the accurate representation of gold purity.
Gold prices in Haryana are subject to the influence of global market trends. As India's gold mining industry is relatively small on a global scale, the impact of worldwide market fluctuations on gold prices in Haryana is not as direct.
Nevertheless, international market developments, encompassing various global events and trends, play a pivotal role in shaping the local gold market. These external factors significantly affect the purchasing power of both gold importers and the general population in Haryana and across India.
Assessment of Gold Purity and Pricing in Haryana
In Haryana, the evaluation of gold purity and pricing aligns with the standards set by the Indian Bullion Association. Gold merchants throughout the state are obligated to hallmark their products, a practice that guarantees the accurate representation of gold purity.
Gold prices in Haryana are subject to the influence of global market trends. As India's gold mining industry is relatively small on a global scale, the impact of worldwide market fluctuations on gold prices in Haryana is not as direct.
Nevertheless, international market developments, encompassing various global events and trends, play a pivotal role in shaping the local gold market. These external factors significantly affect the purchasing power of both gold importers and the general population in Haryana and across India.
Necessary Documentation for Gold Investment in Haryana
Documentation Needed for Gold Investment in Madhya Pradesh
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
Documentation Needed for Gold Investment in Madhya Pradesh
Physical Gold Transactions:
No specific documentation, brokerage, or Demat account is needed to purchase physical gold. However, it's important to retain the purchase receipt and BIS certification for your records.
Investing More Than Rs. 2 Lakhs:
For gold investments exceeding Rs. 2 lakhs, such as in jewelry, coins, or bars at the current 22-carat gold rate, you are required to present a PAN Card and an official ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Investment in Exchange-Traded Funds (ETFs):
To invest in gold ETFs, opening both a brokerage account and a Demat account is mandatory with the provider of these ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment forms usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in mutual funds that focus on gold, setting up a brokerage and a Demat account is necessary.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Haryana
Are you considering purchasing gold in Haryana? If your response is affirmative, it's essential to have a checklist in place before making any gold transactions.
Foremost, you should ascertain the current prices for 22-carat and 24-carat gold in Haryana. While knowing the rates is crucial, there are several other vital pieces of information that you should also be well-informed about:
Familiarize yourself with the prevailing gold rates.
Be aware of the charges associated with the creation of gold jewelry if you intend to buy jewelry. It's important to note that these charges are not capped, and jewelers have the discretion to set their prices.
Verify the purity of the gold you plan to purchase. Ensure that any gold you buy carries a BIS hallmark to validate its purity standard.
Understand the importance of certification and insist on receiving a certificate with your hallmark gold. In Haryana, jewelry stores typically display today's rates for gold that comes with a certificate of authenticity.
Are you considering purchasing gold in Haryana? If your response is affirmative, it's essential to have a checklist in place before making any gold transactions.
Foremost, you should ascertain the current prices for 22-carat and 24-carat gold in Haryana. While knowing the rates is crucial, there are several other vital pieces of information that you should also be well-informed about:
Familiarize yourself with the prevailing gold rates.
Be aware of the charges associated with the creation of gold jewelry if you intend to buy jewelry. It's important to note that these charges are not capped, and jewelers have the discretion to set their prices.
Verify the purity of the gold you plan to purchase. Ensure that any gold you buy carries a BIS hallmark to validate its purity standard.
Understand the importance of certification and insist on receiving a certificate with your hallmark gold. In Haryana, jewelry stores typically display today's rates for gold that comes with a certificate of authenticity.
FAQs on Gold Rates in Haryana
What is the best source to check the live gold rates in Haryana?
People often want to know where they can find reliable and up-to-date information on the current gold prices in Haryana. You can provide them with trusted sources like financial news websites, dedicated gold rate apps, or even local jewelry stores that display live rates.
How often do gold rates in Haryana change during the day?
Many individuals are curious about the frequency of gold rate fluctuations in Haryana. Explain that gold prices can change multiple times throughout the day due to international market dynamics, and it's advisable to check for updates regularly if they are considering buying or selling.
What factors influence the daily fluctuations in gold prices in Haryana?
People often want to understand the reasons behind the changes in gold rates. Explain that factors like global economic conditions, currency exchange rates, geopolitical events, and demand for gold jewelry and investments can all impact the daily gold prices in Haryana.
Is there a significant price difference between different cities in Haryana?
Some may wonder if there's a notable price variation between cities within the state. You can mention that while prices may vary slightly, they generally align closely across Haryana due to the standardized pricing mechanisms.
How can I track historical gold price trends in Haryana?
Many individuals are interested in analyzing past trends before making investment decisions. Suggest resources where they can access historical gold price data and charts, such as financial websites or historical records from local gold associations.
What is the best source to check the live gold rates in Haryana?
People often want to know where they can find reliable and up-to-date information on the current gold prices in Haryana. You can provide them with trusted sources like financial news websites, dedicated gold rate apps, or even local jewelry stores that display live rates.
How often do gold rates in Haryana change during the day?
Many individuals are curious about the frequency of gold rate fluctuations in Haryana. Explain that gold prices can change multiple times throughout the day due to international market dynamics, and it's advisable to check for updates regularly if they are considering buying or selling.
What factors influence the daily fluctuations in gold prices in Haryana?
People often want to understand the reasons behind the changes in gold rates. Explain that factors like global economic conditions, currency exchange rates, geopolitical events, and demand for gold jewelry and investments can all impact the daily gold prices in Haryana.
Is there a significant price difference between different cities in Haryana?
Some may wonder if there's a notable price variation between cities within the state. You can mention that while prices may vary slightly, they generally align closely across Haryana due to the standardized pricing mechanisms.
How can I track historical gold price trends in Haryana?
Many individuals are interested in analyzing past trends before making investment decisions. Suggest resources where they can access historical gold price data and charts, such as financial websites or historical records from local gold associations.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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