*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

Gold Price in Bareilly

An important trading centre and manufacturing hub, the city of Bareilly in the state of Uttar Pradesh is also a major attraction for religious tourism. Being known as the Nath Nagri (or Land of Lord Shiva) and home to Ala Hazrat, the city attracts religious travellers and pilgrims from all over the country. Its primary revenue generation comes not from religious pilgrim tourism, but from the manufacture and trade of cotton, sugar, cereals, and cane furniture. The city is also home to an ancient fortress and is said to the place where Gauthama Buddha once visited.

Gold in Bareilly is no longer being viewed as it was, traditionally, as jewellery, ornaments, and as a status symbol of prosperity. People are starting to view gold as an investment through which to increase their wealth, instead of as just a security to be held until it appreciates.

Trend of Gold Rate in Bareilly for April 2020 to June 2020 (per gram of 24 karat gold)

Factor April May June
First Day Rs.4,253 per gram Rs.4,699 per gram Rs.4,799 per gram
Last Day Rs.4,761 per gram Rs.4,799 per gram Rs.4,961 per gram
Highest Price Rs.4,846 per gram on 29 April 2020 Rs.4,883 per gram on 18 and 19 May 2020 Rs.4,961 per gram on 30 June 2020
Lowest Price Rs.4,253 per gram from 1 April to 20 April 2020 Rs.4,646 per gram on 2 May 2020 Rs.4,725 per gram on 8 June 2020
Trend Incline Incline Incline
Change 11.94% 2.12% 3.38%

Trend of Gold Rate in Bareilly for January 2020 to March 2020 (per gram of 24 karat gold)

Factor January February March
1st Day Rs.3,995 per gram Rs.4,169 per gram Rs.4,274 per gram
Last Day Rs.4,169 per gram Rs.4,368 per gram Rs.4,253 per gram
Highest Price Rs.4,211 per gram on 9 January Rs.4,394 per gram on 25 and 26 February Rs.4,536 per gram on 7 March
Lowest Price Rs.3,995 per gram on 1 January Rs.4,116 per gram on 7 February Rs.4,111 per gram on 20 March
Trend Incline Incline Decline
Change 4.35% 4.77% -0.49%

Gold rate in Bareilly

The base rate of gold is determined by the balance of various factors – international gold rate trends, purity of the gold (24 karat, 22 karat, 18 karat, etc.), the form in which the gold is being purchased, the date on which the gold is being purchased / sold, etc.

Investing in gold in Bareilly

Traditional over-the-counter purchase / investment: The most trusted way to own gold is to hold in its physical form. The sense of empowerment that comes with owning physical gold has led to many glorious expeditions and conversely, tragic losses. In Bareilly, owning physical gold is a symbol and indicator of prosperity and wealth. Physical gold is mostly held in the form of jewellery for auspicious occasions or marriages, etc. and rarely as bullion or coins in this city. However, gold is being viewed more as an investment than as an ornament or piece of jewellery.

Gold ETFs, E-gold: A change in the traditional mind-set is slowly creeping up on Bareilly, as more and more people are opting to own gold in the electronic form or as ETFs. In this way, people are able to mitigate the risk involved in owning physical gold, and maximise on the potential of earning profits through trading gold smartly during periods of rise and fall in the gold rate. The Mumbai Stock Exchange and National Stock Exchange govern the purchase, sale and trade of gold ETFs and e-gold. Gold futures trading is also catching on as a potentially lucrative field of investments related to gold.

Contact us

Find us at the office

Trailor- Verkamp street no. 63, 81415 Zagreb, Croatia

Give us a ring

Dezha Manci
+38 695 645 231
Mon - Fri, 8:00-22:00

Reach out