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Gold as an investment is highly regarded. People buy gold at the present gold rate in Haryana as the perfect hedge against inflation. It is considered a safe bet for investments. Gold, especially in the form of jewellery, is passed on from one generation to another. 

What is the Gold Rate Today in Haryana?

The current gold rate in Haryana as of 18th October 2021, or the 22-carat gold rate in Haryana today, is Rs 4,579/gm. The 24-carat gold rate in Haryana is Rs 4,808/gm of 24K gold.

Gold Rate in Haryana for the last 10 Days

Here’s how gold has reacted over the last 10-days.  

Date

10 Gram (22 K)

10 Gram (24 K)

17 October 2021

 

Rs. 45790

 

Rs. 48080

16 October 2021

 

Rs. 45790

 

Rs. 48080

15 October 2021

 

Rs. 46390

 

Rs. 48710

14 October 2021

 

Rs. 46290

 

Rs. 48600

13 October 2021

 

Rs. 45740

 

Rs. 48030

12 October 2021

 

Rs. 45490

 

Rs. 47760

11 October 2021

 

Rs. 45490

 

Rs. 47760

10 October 2021

 

Rs. 45490

 

Rs. 47760

9 October 2021

 

Rs. 45490

 

Rs. 47760

8 October 2021

 

Rs. 45490

 

Rs. 47760

Historical Prices of Gold Rate in Haryana 

The historical 3-months prices with their lowest and highest prices indicate the movement in prices and demonstrate the steady rise in gold prices.

Months

Lowest Price 24 Carat Gold Rs. Per 10 Grams

Highest Price 24 Carat Gold Rs. Per 10 Grams

September 2021

46,870

48,390

August 2021

47,190

51,320

July 2021

47,920

52,650

 

Factors Affecting the Gold Rate in Haryana

To see how gold beats inflation, let's consider an example. Imagine you invested Rs 4000 in 10 gm of gold in the year 2000. Today this amount in currency can buy you less than 1gm of gold. The investment over the long term has grown while the value of Rs 4000 has decreased. 

Here are the factors that affect the  22k gold rate today in Haryana.

  • Import Duty: The demand for gold is high. And so, it causes a change in the import duties or the gold rate in Haryana, directly affecting the selling prices.
  • Demand and Supply: High demand leads to an increase in gold rates in Haryana. Also, lower supplies can lead to a rise in gold rates. The opposite of these two situations is also true.
  • Investments in Jewellery: Wedding seasons and festivities see a buying spree of gold. These types of occasions increase the gold rates in Haryana.
  • Interest Rates: Investors start buying gold when interest rates become low. This leads to an increase in gold prices.
  • Inflation: When the Indian economy slows down, the inflation index rises. This inflation can cause changes in the gold rates.
  •  Currency Fluctuations: Gold is usually traded in US Dollars. When the value of the US dollar fluctuates, gold rates are also affected.
  • Government Reserves:  The prices and gold rates today in Haryana either rise or fall. It depends on the quantity of gold traded by the Government.

Calculation on the final price of Jewellery

The final jewellery price is equal to the Gold Weight in grams multiplied by the 916 today’s gold rate in Haryana or 18-carat gold rate in Haryana today. Wastage and Making charges are added on and are about 10 to 20% depending on design while the bill has 3% GST on the final price]. 

Gold Investment Options

Gold is a long-term investment asset. You can invest in gold in the following ways;

  • Physical Gold: You can buy jewellery or bullion (coins/bars) at the 916 gold rate in Haryana at various banks, jewellery shops, etc.
  • Digital Gold: Digital gold is a convenient and cost-effective way to purchase gold. It enables you to buy, sell and accumulate pure gold quickly without having to visit offline stores and worry about the purity of gold, etc. Platforms like Khatabook allow you to invest in digital gold. You can start saving small and keep accumulating gold in an insured locker until maturity. 
  • Derivatives and trading: Derivatives and trading in gold as a commodity at the current gold rate in Haryana is risky. It involves trading on the commodities market.
  • SGBs or Gold Sovereign Bonds: SGBs or Gold Sovereign Bonds are government-guaranteed bonds. They have an 8-year term with 2.5% returns. They are like fixed deposits.

Gold Investment Options Comparative Analysis

Let's understand how gold investments compare; 

Physical Gold

Gold Funds

Digital Gold

This investment is made in physical gold like bullion/jewellery at the gold rate today 22k in Gujarat

The charges levied are the equivalent of the price, making charges and GST. 

The rate of physical gold is quoted as gold rate today in Gujarat 22k and it carries the risk of burglary and insurance charges. 

It has no paperwork hassles, though its BIS certification and purchase receipt are essential when selling.

 

The investment is in the exclusive fund from companies in gold mining. 

Gold funds add a nominal charge as fund management charges to the gold rate today in Gujarat.

The paper gold suffers no risk of theft. These require paperwork when investing, and the fund certificate is needed when trading it in at the maturity value. 

Gold funds are dependent on the profits made by the gold mining company and not the gold rate today in Gujarat live 

The investment is made digitally and can be of any value accumulating units of gold, where 1 unit=1 gm of physical gold. 

It includes brokerage fees, asset management charges, and physical gold cost at 916 gold rate in Gujarat

It has no risk of theft since it is paper- gold till the time of delivery. 

The paperwork is simple, and gold is kept in insured vaults until it is delivered. 

The gold rate in Gujarat 916 affects the price directly. 

Buy units of digital gold on the reputed platform of Khatabook.

 

Gold Versus FD Investment Option Analysis:

Here’s how your gold investments compare to a fixed bank deposit. 

Factor

Gold

Bank Fixed Deposit

Risk Factor

It is vulnerable to being stolen and involves additional costs in insurance, storage etc.

FD is a low-risk option with a fixed term and low-interest rates are often unattractive during the recession.

 

ROI Analysis

If you make an annual buy of gold for 5 years, historical prices indicate a return earning of 18% CAGR.

FD’s interest rates are linked to the term and offer an annual rate of 5-6% with an additional 0.5% for senior citizens.

 

Premature Closure

Gold provides you with both early liquidation and gold loan options.

In contrast, there is a 1% penalty of the interest earned on the premature closure of an FD.

Liquidity

Gold is a high liquidity investment that is easy to sell. Digital gold units are exchangeable for physical gold,

Whereas, the liquidity of the FD depends on the bank’s discretion.

 

Essential Factors To Consider When Buying Gold Jewellery

Are you planning to buy jewellery at today’s 916 gold rate in Haryana? Here’s what you need to check.

  • BIS Certification: The Bureau of Indian standards certifies the purity of gold. It is also the benchmark for gold jewellery quoted at the 22-carat gold rate in Haryana today.
  • Purity levels: 24K gold is the purest form of gold available. The choices for buying gold are 22K, 18K, 10K, 14K gold, etc. The best resale price in jewellery is  24-carat gold. But jewellery fetches the 916 gold rate in Haryana.
  • Gold rates: Gold rates vary location-wise and daily. Do take a look at today's gold rate in Haryana. The rates for gold ornaments is the gold rate in Haryana 916 or the 22k gold rate today in Haryana. If you choose to buy 18K gold, refer to the 18-carat gold rate in Haryana today. 
  • Wastage and MakingCharges can be a high of 10 to 20%, plus the GST applicable at 3% of the purchase price. This is over and above today's gold rate in Haryana 916.
  • Buy-back terms: The buy-back terms are essential. Most jewellers offer buyback facilities at the prevailing gold rate in Haryana. They also allow the exchange of jewellery on a gram to gram basis.

Types of Gold

Pure Gold is 24K, while gold in jewellery is generally 22K/ 18K.In the USA you also get 10K gold.

Comparative Chart for 22K, 24K, and 18K Gold

    24K Gold

22K Gold

18K Gold

99.94 gms to every 100gms of gold.

91.67 gms to every 100gms of gold.

75 gms to every 100gms of gold.

Yellow 

Yellow 

Depends on the alloy.  

Available as coins/bars. 

Available as coins, bars and ornaments.

Available as gold ornaments.

Used in making jewellery, for industrial purposes, and in medical measuring devices.

Used in gold ornaments making.

Used in gold ornaments making.

Most pure and expensive.

Lower purity and costs compared to 24k gold.

Lower purity and cost compared to 24 or 22K gold.

Buying Digital Gold in Haryana

A digital gold investment instrument lets you invest in pure 24K gold, which you own, and have stored in your own secure vault. You can exchange digital gold for 24 Karat hallmarked gold coins and ingots (that are the purest form) while purchasing them online.

The best features of Digital gold are

  • You can start buying digital gold at the day’s price with as little as Rs 1/- on platforms like Khatabook  where digital gold is offered in fractions of gold units and the Gold Savings Plan with a fixed term helps channelize small savings into digital gold purchases.
  • You can use any mobile e-wallet, debit/credit card, internet banking etc to make your payments.
  • Buying or selling the digital gold is as easy as selecting the right tab, checking the day’s rate and making a digital payment.
  • Gold you own is stored in your very own demat account and insured vault till you use it.
  • You can sell or ask for home-delivery of your gold 2 days after you buy it. Of course delivery charges apply, though transit insurance is free!

 Selling/Trading Digital Gold:

You can sell digital gold from home or even convert it to physical gold as you desire. All you need to do is checkthe day’s rate, enter the weight of the gold and choose the ‘sell option’ using your mobile phone and it instantly reflects in your account. You can convert it to physical gold by ordering gold jewellery with just a few clicks on your phone. The Khatabook platform has excellent customer service, account nomination facility, and more.

What is a Gold Loan

Most banks in Haryana offer a loan against your 18 to 24K gold where it serves as a collateral and you can avail up to 90% of the today’s gold rate in Haryana  on your gold.The features of the Sarva Haryana Gramin Bank are as below.

  • The interest charged is 7.5% pa.
  • The minimum loan amount is Rs 18,000 and the maximum Rs 1 Crore. However income proof may be needed for higher loan amounts.
  • The prepayment charges incur when you close out the loan earlier than contracted for and amounts to 2 % of the loan amount plus GST at 3% if you do so within 3 months.
  • Loan tenure offered is 12 to 48 months.
  • Repayment may be in EMI mode or bullet payments.
  • Non payment of the loan cause forfeiture of your gold.
  • Eligibity condition are you must be Indian and over 18 years of age.
  • You can use the loan to tide over your financial crisis without any conditions attached to loan amount use.

Locations to Buy Gold in Haryana 

Gold jewellery can be bought at today’s gold rate in Haryanaacross major cities in Haryana’s various jewellery stores. Here’s a reference list.

Jewellery Store

Location

Rajra Jewellers

Gurugram

Aggarwal SS Jewellers

Ambala

Lakshmi Jewellers

Faridabad

Shubham Jewellers

Rohtak

PC Jewellers

Hisar


The Bottom Line:

Gold investors, both large and small, have direct risk exposure to the daily prices of gold. The risk tolerance levels and the gold rate in Haryana generally determine the choice of buying options. All in all, it is best to have a part of the portfolio in gold since it is a good hedge instrument. Be smart and invest safely in digital gold using a trusted platform like Khatabook

FAQs:

What is today’s gold ornament rate in Haryana?

The current gold rate in Haryana as of 18th October 2021, or the 22-carat gold rate in Haryana today, is Rs 4,579/gm.  

What is 24K gold?

24K Gold’s purity is 99.9 percent and the colour yellow.  It is very soft and available as a bar, coins etc. It is used in the making of bars, coins, jewellery, gold articles, industrial purposes and medical devices. It is more expensive than 22K gold.

What is 22K Gold?

22K gold’s purity is 91.67 percent. Its colour is yellow and has copper added in to make it more malleable. Available as coins, bars and jewellery at the 22-carat gold rate in Haryana today, it is popular in jewellery making.

What is 18k gold?

18k gold is very popular in the jewellery business since it is considered by several to be the best gold for jewellery in terms of malleability, hardness, the value of gold etc. It has 75% pure gold in it and 25% Copper and is available at the 18-carat gold rate in Haryana today.

Should I buy gold coins or jewellery as an investment?

It is easier to store gold coins in a tamper-proof packing. However, jewellery can be worn but the making and wastage charges are not recoverable when selling.

Can I buy digital gold in the form of coins?

Yes, digital gold can be bought as gold jewellery or bullion. It comes with the benefits of not having to visit the stores, using your wallets for digital payments and being held in insured vaults till tamper-proof home delivery. 

What is the easiest way to find the gold rate?

You can find gold rates on online platforms like Khatabook.

When is the best time to invest in Gold?

It is preferable to buy gold when the gold rates are lower than the average gold rates for the period.

Is Digital Gold safe?

Yes, it is in digital format and stored in an insured locker.

Why is white gold more expensive than yellow gold?

White gold uses an alloy for its colour and processing. This means its processing costs are higher and when selling the alloy value is zero. Hence white gold is a more expensive option both when buying and selling.