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Gold Rate in Agra
Agra is a major tourist destination it has 3 UNESCO World Heritage Sites. The Mughals ruled the area for the longest time. Which is why there was a huge demand for gold and this explains the presence of so many jewellers. The demand for gold increases during the festivals and wedding season. The gold rate in Agra is based on the international gold rate.
Gold Rate Trend in Agra for July 2018 to September 2018 (per gram of 24 karat gold)
|1st day||Rs.3,124 per gram||Rs.3,050 per gram||Rs.3,103 per gram|
|Last day||Rs.3,056 per gram||Rs.3,092 per gram||Rs.3,140 per gram|
|Highest price||Rs.3,140 per gram on 7 July||Rs.3,092 per gram on 31 August||Rs.3,155 per gram on 26 and 27 September|
|Lowest price||Rs.3,056 per gram on 19 and 31 July||Rs.3,003 per gram from 17 to 19 August||Rs.3,082 per gram on 4 September|
Gold rate trend In Agra for July 2018
- When trading for the metal commenced for gold in Agra on 1 July, the price of the metal stood at Rs.3,124 per gram.
- On 7 July, as the US dollar weakened, the price of the precious metal in Agra inclined and traded at Rs.3,140 per gram. This was the highest gold rate recorded for the month of July in Agra.
- However, in the course of the next few days, the value of the US dollar dropped ahead of the Federal Reserve's policy meeting scheduled to be held in July. This caused gold rates to decline in the city.
- The gold rate hit a monthly low of Rs.3,056 per gram once of 19 July and again on 31 July due to poor trend overseas.
- Gold rates could not recover throughout the month and recorded a decline of 2.17%.
Gold rate trend In Agra for August 2018
- On 1 August, gold was priced at Rs.3,050 per gram in Agra. The demand during the beginning of the month was steady amid unfavorable trends overseas.
- Throughout the month the demand for the metal and the value of the US dollar played a crucial role in determining gold rates in Agra.
- From 17 to 19 August, as the demand for the metal took a fall due to the strengthening US dollar, the precious metal hit a monthly low of Rs.3,003 per gram.
- However, gold prices quickly recovered as investors gravitated towards safe-haven assets.
- On 31 August, the last day of the month, the highest gold rate for the month of August was recorded in Agra. On this day, gold closed at Rs.3,092 per gram.
- High demand for the metal and favorable international trends helped the trend of gold rates in the city incline by 1.37% for the month of August.
Gold rate trend In Agra for September 2018
- The precious metal in Agra opened at Rs.3,103 per gram in the start of September due to an increase in local demand.
- Despite the decline in the exchange rate of the Indian currency, there was an incline in demand for gold from jewellers ahead of the festive season prompting gold prices to rise.
- Demand for the precious metal in the international market fluctuated due to a volatile market during Brexit negotiations coupled with Italy’s budgetary crisis influencing the interest in bullion as a safe-haven asset.
- Gold touched a monthly high of Rs.3,155 per gram on the 26 and 27 September influenced by the increase in industrial demand.
Gold Rate Trend in Agra for April 2018 to June 2018
Rs.3,159 per gram
Rs.3,231 per gram
Rs.3,216 per gram
Rs.3,231 per gram
Rs.3,217 per gram
Rs.3,146 per gram
Rs.3,243 per gram from 20 to 23 April
Rs.3,254 per gram on 14 May
Rs.3,216 per gram on 1 June
Rs.3,159 per gram from 1 and 2 April
Rs.3,197 per gram on 18 May
Rs.3,146 per gram on 30 June
Overall Monthly Performance
Gold Rate Trend in Agra for April 2018:
- In Agra, when the month began, gold was recorded trading at Rs.3,159 per gram on the 1st domestic markets on the decline amid the rising dollar and equities market.
- Gold continued trading at the same rate the next day with local demand capped by the weak trend overseas. This was also the lowest recorded monthly figure in the city.
- However, with the US dollar losing ground amid the ongoing geopolitical tensions in the Korean Peninsula, demand for safe-haven assets rose. Gold rate in Agra was recorded holding at Rs.3,243 per gram on the 20th.
- The month came to an end with demand stabilising amid the recovering dollar and gold was priced at Rs.3,231 per gram on the 30th, registering a 2.27% increase in bullion trade during the month.
Gold Rate Trend in Agra for May 2018:
- Trading opened for the month with gold price in Agra holding at Rs.3,231 per gram with steady local demand from industries, jewellers and retailers amid firm overseas trends.
- The next couple of weeks saw investor demand picking up amid the losing greenback and equities and gold was priced at Rs.3,254 per gram on the 14th.
- However, with the US dollar index regaining lost ground over a basket of other apex currencies, gold rate in Agra dropped to Rs.3,197 per gram on the 18th.
- Gold was recorded trading at Rs.3,217 per gram on the 31st when the month came to an end with steady local demand amid positive global cues.
Gold Rate Trend in Agra for June 2018:
- The last month of the quarter commenced with gold priced at Rs.3,216 per gram on the 1st with steady demand from local jewellers and retailer amid favourable market cues.
- The month saw gold price in Agra greatly impacted by the strong dollar performance that sidelined investor demand at the global level.
- Trading concluded for the month with gold rates holding at a monthly low of Rs.3,146 per gram on the 30th.
- Agra recorded a loss of 2.17% in gold trade due to the poor overseas trends that impacted local demand during the course of the month.
Gold Rate Trend in Agra for January 2018 to March 2018 (per gram of 24 karat gold)
Rs.3,010 per gram
Rs.3,077 per gram
Rs.3,113 per gram
Rs.3,066 per gram
Rs.3,129 per gram
Rs.3,134 per gram
Rs.3,120 per gram on 24 and 25 January
Rs.3,161 per gram on 18 and 19 February
Rs.3,171 per gram on 25 and 26 March
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
Gold Rate Trend in Agra for January 2018:
- Gold opened at Rs.3,010 per gram when trading opened for January.
- This month swa gold prices incline slightly as the month progressed. From the 1st to the 3rd, gold was priced at Rs.3,010 per gram - the month’s lowest rate.
- From this point, gold rates in Agra seemed to incline, thanks to rising demand.
- The precious metal was seen trading at its peak this month on the 24th and 25th - at Rs.3,120 per gram, thanks to a strong change in demand.
- However, prices consolidated towards the end of the month and gold was seen trading at Rs.3,066 per gram on the final day.
- A 1.19% change in price trends was recorded this month, thanks to steady demand.
Gold Rate Trend in Agra for February 2018:
- When February opened for trading, gold was priced at Rs.3,077 per gram. Rates were largely steady for the initial few days, before a drop was recorded.
- On the 9th, gold was priced at Rs.3,035 per gram - the month’s lowest rate as demand took a significant hit.
- The third week saw gold rates improved amid a rise in domestic demand grew mainly by the Valentine’s day.
- Gold rates steadily improved over this week, and gold traded at Rs.3,161 per gram on the 18 and 19th - the month’s highest rates.
- For the final few weeks, gold rates declined as demand slowed down, closing the month at Rs.3,129 per gram.
- This month too recorded a positive change in price trends. A change of 1.68% was recorded over the course of this month.
Gold Rate Trend in Agra for March 2018:
- When March’s trading began, gold was priced at Rs.3,113 per gram.
- Price in Agra was largely steady for the first three weeks, trading in the Rs.3,100 per gram range, before dropping as the fourth week commenced.
- On the 19th and 20th, gold recorded its lowest rate of Rs.3,098 per gram - brought about by a strong dollar and a weakened local demand.
- The next week saw gold rates rise consistently, hitting a monthly figure of Rs.3,171 per gram on the 25th and 26th as demand surged.
- Gold rates toned down as the month drew to a close due to demand subsided. On the final day, gold was seen trading at Rs.3,134 per gram.
- A 0.67% change in price trends were recorded this month.
Gold Rate Trend in Agra for October 2017 to December 2017 (per gram of 24 karat gold)
|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 on 12, 13, 14 and 15 October||Rs.3,060 per gram on 18, 19 and 20 November||Rs.3,036 per gram on 2, 3 and 4 December|
|Lowest price||Rs.3,028 per gram on 28 October||Rs.3,005 per gram on 06 November 2017||Rs.2,940 per gram on 11,12 and 13 December|
Gold Rate Trend in Agra for October 2017:
- When trading commenced for the month of October, gold was priced at Rs.3,063 per gram. This dropped to Rs.3,043 per gram by the 3rd as a possible interest rate by the Fed Reserve kept gold demand on the low.
- Gold price in Agra dropped considerably by the 6th for the metal to trade at Rs.3,028 per gram as US dollar seemed to flourish.
- However, prices seemed to increase during the second week because of an increased trend in the overseas market. This led to an increase in the local market as well and the metal traded at a monthly high figure of Rs.3,072 per gram from the 12th to 17th of the month.
- As the month continued, gold rate in Agra weakened amid poor local sales spurred a weak overseas trend.
- Gold recorded its lowest rate on the 27th, 28th and the 31st of the month - Rs.3,026 per gram - when the week came to an end.
- The yellow metal’s price declined by 1.20% this month due to lower-than-expected festive season demand.
Gold Rate Trend in Agra for November 2017:
- Gold prices had dropped further when trading began for November and the metal was priced at Rs.3,006 per gram.
- As demand weakened amid poor cues, gold rate in Agra dropped to a monthly low figure of Rs.3,005 per gram on the 6th of November.
- With investors speculating over the fate of the US monetary policy, gold prices seemed to increase. The 18th saw gold trade at its highest rate of Rs.3,060 per gram, which continued on till the 20th of the month.
- The next 10 days saw gold price in Agra consolidate as demand began to wear off while the US dollar made a comeback.
- On the final day of the month, gold was seen trading at Rs.3,026 per gram - a 0.66% incline from the month’s first day’s rates.
Gold Rate Trend in Agra for December 2017:
- Gold rate in Agra were recorded at Rs.3,016 per gram when trade exchanges opened for business on the first day of December.
- Tensions in the US amid Donald Trump’s latest tax laws caused upheaval in the market and gold prices rose consequently.
- From the 2nd to the 4th, gold traded at a monthly high figure of Rs.3,036 per gram as domestic investors took advantage of the increased demand.
- However, the market came to terms with the inevitability of the new tax structure - and with the corporate world responding better - the US dollar mounted a comeback.
- The rising dollar pushed gold on the backburner and the metal traded at Rs.2,940 per gram - the month’s lowest - from the 11th to the 13rd of December.
- The remaining days of the month saw gold rate in Agra improve as other concerns in the US seemed to weaken the dollar.
- On the final day of Q4 and 2017, gold was seen trading at Rs.3,020 per gram - a marginal Rs.4 incline from the months beginning price.
Gold Rate Trend in Agra for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.2,992 per gram||Rs.2,960 per gram||Rs.3,029 per gram|
|Last day||Rs.2,950 per gram||Rs.2,999 per gram||Rs.3,063 per gram|
|Highest price||Rs.2,992 per gram on 1 and 2 July||Rs.3,017 per gram on 28 August||Rs.3,130 per gram on 8 September|
|Lowest price||Rs.2,843 per gram on 12 and 13 July||Rs.2,930 per gram on 3, 5, 6, and 7 August||Rs.3,024 per gram on 1 September|
Gold rate trend in Agra for July 2017
- The month of July began with gold trading at Rs.2,992 per gram, the highest recorded monthly figure in Agra.
- Dollar rates fell soon after the global central banks’ meeting on monetary tightening was held.
- However, gold prices in Agra dipped to Rs.2,902 per gram on the 8th as demand for the metal dropped during the week.
- Demand declined further with the release of the US job data, and rates dropped to Rs.2,843 per gram on the 12th. Prices remained unchanged the next day as well. This was also the lowest monthly figure in Agra.
- The Trump scandal took centre stage and sent the US dollar collapsing. This led to gold rates in Agra rising to Rs.2,863 per gram on the 14th.
- A weak US dollar resulted in surplus demand for the precious metal in the Asian trade, and prices surged to Rs.2,908 per gram on the 21st.
- Prices stayed static at Rs.2,944 per gram from the 22nd to the 24th, thanks to steady demand from investors around the world.
- However, gold prices in in Agra dropped to Rs.2,929 per gram on the 26th, but gold rebounded on the 27th to be priced at Rs.2,950 per gram due to increased purchases, courtesy of a weak US dollar value.
- With tensions rising between the US and North Korea, the US economy crashed and gold rates rose to Rs.2,955 per gram on the 29th.
- Reduced local demand towards the end of the month resulted in gold rates falling to Rs.2,950 per gram on the 31st.
- Agra witnessed gold trade declining at -1.41% over the course of the month.
Gold rate trend in Agra for August 2017
- The month began in Agra with the precious metal priced at Rs.2,960 per gram on the 1st.
- The possibility of an interest rate hike by the US Federal Reserve resulted in investors and jewellers suspending purchases. This led to rates dropping to Rs.2,930 per gram on the 3rd.
- Gold price in Agra rose the next day with the metal priced at Rs.2,940 per gram, but dropped soon to Rs.2,930 per gram on the 5th due to reduced demand from retail consumers.
- The continued aggression between the US and North Korea resulted in an increased global demand for the metal, and gold was trading at Rs.2,974 per gram on the 10th.
- Subsequently, global markets crashed and gold commerce improved. This resulted in the yellow metal prices rising to Rs.2,999 per gram on the 11th.
- The domestic commodity markets remained idle on Independence day and gold was priced at Rs.2,994 per gram on the 14th and the 15th.
- The US-North Korean overseas relations worsened and led to an increased demand in the Asian continent. This resulted in gold trading at Rs.2,999 per gram on the 18th.
- Steady and sustained domestic demand led to gold trading at Rs.2,982 per gram over the next couple of days, but the US-North Korean conflicts took centre stage and the dollar collapsed resulting in gold rates rebounding to Rs.2,992 per gram on the 24th.
- Demand for bullion surged after Hurricane Harvey took its toll on the US coast, and the yellow metal was trading at Rs.3,017 per gram on the 28th. This was also highest recorded monthly figure in Agra.
- The last day of August saw gold trading at Rs.2,999 per gram with reduced domestic demand.
Gold rate trend in Agra for September 2017
- Gold was trading at Rs.3,024 per gram when the month began in Agra.
- North Korea’s confirmation on its successful two-stage thermonuclear weapon tests sent global markets crashing. This resulted in investors around the world gravitating towards investments considered safer, as a result of which gold rates surged to Rs.3,130 per gram on the 8th.
- However, the US economy recovered over the course of the week and resulted in prices dropping to Rs.3,085 per gram on the 12th.
- Demand for the precious metal dropped as US dollar strengthened. This resulted in gold rates dropping as low as Rs.3,056 per gram on the 19th.
- However, the continued US-North Korean aggression pushed up safe-haven investments globally, which led to gold trading at Rs.3,078 per gram on the 20th.
- The US dollar retained its power over other apex currencies towards the last week and prices dropped to Rs.3,051 per gram on the 25th.
- Gold price in Agra surged to Rs.3,110 per gram on the 26th in Agra, thanks to the arrival of the festive season which boosted domestic trade all over the city.
- However, global demand dropped over the next few days as the possibility of a new Fed rate hike resulted in the US dollar strengthening.
- Thanks to steady purchases made by domestic investors and retail jewellers, demand picked up and the yellow metal was trading at Rs.3,063 per gram on the 30th.
Gold Rate Trend in Agra for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.2,991 per gram||Rs.3,011 per gram||Rs.3,012 per gram|
|Last day||Rs.3,011 per gram||Rs.2,992 per gram||Rs.2,992 per gram|
|Highest price||Rs.3,068 per gram on 15 and 16 April||Rs.3,011 per gram on 1 and 2 May||Rs.3,057 on 7 June|
|Lowest price||Rs.2,983 per gram from 8 - 10 April||Rs.2,918 per gram from 11 to 15 May||Rs.2,972 on 27 June|
Trend of gold rate in Agra for April 2017
- When the month of April began in Agra, gold prices were recorded at Rs.2,991 per gram as demand remained more or less stable.
- Prices went up to Rs.3,003 per gram - Rs.12 increase - as there was a fall in the US dollar value and a subsequent increase in international demand.
- However, gold rates went down to Rs.2,983 on the 8th - making it the lowest rate for the month - as demand from the Asian circles took a hit.
- Due to uncertainty in the global market, gold prices went up to Rs.3,036 per gram when trading began on the 12th.
- Prices increased for the next few days, hitting its peak at Rs.3,068 per gram on the 16th, despite a slump in local demand.
- As the US dollar strengthened during the third week, gold prices didn’t see much of a spike, instead ended the week on 23rd at Rs.3,062 per gram.
- The last week of April showed promise as gold was priced at Rs.3,041 per gram on 24th but as investors pulled out due to concerns, rates went down to 3,011 per gram by the 26th.
- There weren’t too many changes by the end of the month, which led to gold closing at Rs.3,011 per gram on the 30th of April.
- Despite some sluggish sales, gold price trend in Agra remained positive at 0.66%.
Trend of gold rate in Agra for May 2017
- May picked up where April left off as gold was seen trading at Rs.3,011 per gram on the 1st of the month.
- As local demand took a hit, gold prices went down to Rs.2,983 per gram on the 3rd.
- By the end of the first week, gold prices had fallen down to Rs.2,952 per gram as demand went downhill owing to a comeback from the US dollar.
- Gold pricein agra were going down during the second week as well as they went to Rs.2,928 per gram by the 10th and went down to as low as Rs.2,918 per gram on the 14th.
- Prices, however, rallied during the third week as they went up to Rs.2,939 on the 17th and went up to as high as Rs.2,977 per gram as domestic demand surged considerably.
- The fourth week saw marginal price increases, which brought rates up to Rs.2,992 per gram.
- Despite some rather low points during the second and third week of May, gold trading prices ended relatively better at Rs.2,992 per gram when the month ended.
- Gold price trends decline at a rate of 0.49% as local demand fell while US dollar rallied.
Trend of gold rate in Agra for June 2017
- The month of June didn’t see too many gold rate changes, except for the first few days.
- On the 1st of June, gold was priced at Rs.3,012 per gram, which went up to Rs.3,022 per gram on the 3rd.
- As domestic demand went up owing to a shaky US dollar, gold rates went up to Rs.3,037 per gram on the 5th and then to Rs.3,057 per gram on the 7th.
- However, priced went down to Rs.3,042 per gram on the 8th, as the surge was cut off by a drop in demand.
- On the 9th, gold rates went down to Rs.3,017 per gram.
- Gold rate in Agra remained unchanged for the next few days as they remained at Rs.3,007 per gram from the 10th to the 15th of the month.
- The 16th saw prices go down to Rs.2,992 per gram and to Rs.2,982 per gram the subsequent day.
- Over the next few days, till the end of the month, gold prices fluctuated slightly before going as high as Rs.3,005 per gram on the 26th.
- When the 30th of June approached, gold was trading at Rs.2,992 per gram.
- Gold price in Agra fell at a rate of 0.66% in the month of June as bullion demand was sluggish in the local market.
|1st day||Rs.2,844 per gram||Rs.2,978 per gram||Rs.3,009 per gram|
|Last day||Rs.2,958 per gram||Rs.3,020 per gram||Rs.2,991 per gram|
|Highest price||Rs.2,979 per gram from 23rd of January to 24th of January||Rs.3,031 per gram from the 25th of February to 27th of February||Rs.3,009 per gram on the 1st and 2nd of March|
|Lowest price||Rs.2,844 per gram from the 1st of January to the 3rd of January||Rs.2,957 per gram from the 4th of February to the 6th of February||Rs.2,950 per gram on the 15th of March|
- Gold started the year 2017 at a strong Rs.2,844 per gram, on account of technical buying despite a strong US Dollar on January 1st.
- An increase in demand saw Gold climb to Rs.2,855 per gram on March 4th.
- Healthy global demand saw Gold climb to Rs.2,866 per gram on January 5th.
- Gold rate in Agra was stabilized at Rs.2,866 per gram to close the week’s trading on January 8th.
- US stocks saw a slump as energy shares dropped along with the price of crude oil, allowing Gold to climb to Rs.2,888 per gram on January 10th.
- Uncertainty over the US monetary policy caused Gold to further climb to Rs.2,925 per gram on January 12th.
- Concerns amid Britain’s exit from the European Union saw the global spot price of Gold climb to Rs.2,952 per gram on January 16th and January 17th.
- Uncertainty over the US monetary policy saw the US Dollar slump, causing Gold to climb to an 8-week high of Rs.2,973 per gram on January 18th.
- Possible US Federal Interest Rate hikes saw Gold slip to Rs.2,952 per gram on January 20th.
- On the 23rd of January Gold reached a 2-month high of Rs.2,979 per gram amid uncertainty of the future US monetary policy.
- Technical corrections caused Gold to slip to Rs.2,946 per gram on January 27th.
- A weak US Dollar and sluggish economic data from the US saw Gold prices climb to Rs.2,967 per gram on January 30th.
- Gold closed the month’s trade at Rs.2,958 per gram on January 31st.
- Gold opened the month’s trading at Rs.2,978 per gram on February 1st.
- Uncertainty over the upcoming French election, weak industrial data from Germany and a strong US Dollar saw Gold slip to Rs.2,957 per gram to close the week’s trading on February 5th.
- A boost in demand from retailers, jewellers and investors saw Gold prices edge up to Rs.2,999 per gram on February 7th.
- Sustained demand for Gold saw prices further climb to Rs.3,009 per gram on February 8th, 9th and 10th.
- The US Dollar strengthening against the Japanese Yen saw Gold prices slip to Rs.2,983 per gram on February 11th.
- Gold rate in Agra remained stable and closed the second week’s trading at Rs.2,983 per gram on February 12th.
- Gold opened the third week of trading at Rs.2,983 per gram on February 13th.
- Technical corrections saw Gold slip to Rs.2,973 per gram on February 14th and February 15th.
- A weakened US Dollar saw Gold climb to Rs.3,004 per gram on February 17th.
- Gold held firm at Rs.2,999 per gram to close the week’s trade on February 19th.
- Gold opened the fourth week of trading at a stable Rs.2,999 per gram on February 20th.
- A struggling US Dollar amid uncertainty pertaining to the US monetary policy saw Gold climb to weekly high of Rs.3,031 per gram on February 25th.
- Gold remained stable at Rs.3,031 per gram between February 25th and February 27th.
- A marginally strengthened US Dollar saw Gold prices slip to Rs.3,020 per gram to close the month’s trade on February 28th.
- A stronger US Dollar saw Gold open trading on March 1st at Rs.3,009 per gram.
- Expectations of a US Federal Interest Rate hike in March saw Gold slip to Rs.2,990 per gram between March 3rd and March 6th.
- A weak demand domestically saw Gold prices slip to Rs.2,965 per gram on March 10th.
- A stronger US Dollar and a weak global demand saw domestic prices of Gold fall to Rs.2,951 per gram on March 14th.
- A marginally weakened US Dollar saw Gold prices rise to Rs.2,971 per gram on March 18th and March 19th.
- The failure of a new healthcare bill proposed by President Donald Trump saw Gold climb to Rs.3,003 per gram on March 22nd and March 23rd.
- Technical corrections caused Gold to slip to Rs.2,993 per gram between March 24th and March 26th.
- A strong demand for Gold allowed it to recover to Rs.3,003 per gram between March 27th and March 30th.
- Technical corrections caused Gold to drop to Rs.2,991 per gram to close the month’s trading on March 31st.
|1st day||Rs.3,205 per gram||Rs.3,099 per gram||Rs.2,893 per gram|
|Last day||Rs.3,099 per gram||Rs.2,930 per gram||Rs.2,844 per gram|
|Highest price||Rs.3,205 per gram from 1st-4th October||Rs.3,213 per gram on 5th November and 6th November||Rs.2,893 per gram on 1st December|
|Lowest price||Rs.3,088 per gram from the 6th of October to the 25th of October||Rs.2,929 per gram from 25th November to 27th November||Rs.2,800 per gram from 23rd December to 28th December.|
Gold Rate Trend for Agra in October 2016
- Gold was priced at Rs.3,205 per gram on 1st October in Agra, with prices remaining constant due to high demand. This rate was sustained for the next three days, until the 4th of October as well.
- There were very few fluctuations in demand due to a resurgent U.S. Dollar and recovering stock markets. However, despite external factors, the largely stable demand for gold was reflected in the relatively stable prices. Upcoming wedding season was also a factor that contributed to stable gold rates.
- Prices stabilised towards the middle of the month, though demand was still sluggish due to rumoured concerns regarding a law that would result in stricter scrutiny of bullion purchases.
- The price of gold was completely stable at Rs.3,088 per gram for 24 carat gold from the 6th of October to the 25th of October. This is quite unusual but stable demand in both domestic and international markets could have contributed to this stability in prices.
- Despite fluctuating markets as the final phase of polling in the U.S. elections was underway, the U.S. Dollar was stable a result of positive economic policies and reflected in stable gold prices.
- Towards the end of the month, from the 26th of October, the price of gold was steady at Rs.3,099 per gram and continued till the last day of October.
- However, despite the stability in prices, there was a decline of 3.16% noted in the price of gold at the end of October as compared to the beginning of the month.
Gold Rate Trend for Agra in November 2016
- The beginning of November saw gold trade at a high price of Rs.3,099 per gram. However, right from the second day of November, a rise was noted in the price of gold due to uncertainty in the international markets.
- Price of gold was steady at Rs.3,150 per gram on the second and third day of November and rose even further the next day to trade at Rs.3,192 per gram.
- Gold traded at an unprecedented high of Rs.3,213 per gram on the 5th and 6th November making this the highest rate at which gold traded at for the month of November.
- However, this high streak in gold rates did not continue and steadily declined as the month progressed. This decline could be attributed to a number of factors.
- The unexpected victory of Donald Trump in the U.S. Presidential elections led to markets declining.
- This month was also the time when Prime Minister Narendra Modi unexpectedly put forth the rule banning notes worth Rs.1,000 and Rs.500 as means to curb corruption. This announcement led to panic resulting in demand for this precious metal.
- Gold reached Rs.3,211 per gram in the aftermath of the demonetisation announcement and stayed there for a couple of days before plunging again.
- From the 11th of November to the 16th of November, price of gold was steady at Rs.3,071 per gram before marginally reducing. International markets steadied, leading to decreasing demand for gold as imports became costlier.
- After the 18th of November, price of gold reduced significantly, trading at Rs.2,994 per month before rising again slightly to Rs.3,020 per gram on the 23rd of November.
- However this rise in price could not be sustained and price of gold plunged again to Rs.2,971 and then Rs.2,929 per gram on the 25th of November which was the lowest rate at which gold traded at for the month of November.
- As the month drew to a close the price of gold fluctuated slightly before closing at Rs.2,941 per gram which was again quite low as compared to the previous months. A number of factors contributed to a decline of 5.45% in the price of gold as compared to the beginning of the month.
Gold Rate Trend for Agra in December 2016
- Demonetization had a negative impact on the demand for gold and was a reflection of the international trend as well, resulting in a decline the price of gold as compared to the month of November.
- Gold opened at Rs.2,893 per gram on the 1st of December and was steady until the next day.
- Price of gold declined slightly the next day to trade at Rs.2,887 per gram and continued at this rate until the 7th after which a slight rise was noted in the price of gold.
- The price of gold was steady at Rs.2,864 per gram until the 14th of December after which the price of this precious metal declined again to trade at Rs.2,822 per gram until the 22nd of December.
- The run-up to Christmas saw a further decrease in the price of gold, as overseas markets were buoyed by high volumes of spending, though demand was quite low in India owing to a shortage in cash.
- The price of gold was steady at Rs.2,800 per gram during the last week of December which was also the lowest rate at which gold traded at for the entire month of December.
- Towards the last three days of the month, the price of gold slightly recovered as the U.S. Dollar fell due to a low possibility of U.S Federal Reserve interest rate hike.
- Gold traded at Rs.2,844 per gram on 31st December, recording a decline of 1.72% due to low demand.
|1st day||Rs.3,167 per gram||Rs.3,219 per gram||Rs.3,184 per gram|
|Last day||Rs.3,219 per gram||Rs.3,205 per gram||Rs.3,217 per gram|
|Highest price||Rs.3,227 per gram from 7th to 9th July||Rs.3,248 per gram on 4th and 10th August||Rs.3,228 per gram from 7th to 12th September|
|Lowest price||Rs.3,163 per gram on 22nd July||Rs.3,205 per gram from 26th to 31st August||Rs.3,184 per gram on 1st and 2nd September|
Gold Rate Trend of Agra in July 2016
- Gold traded at Rs.3,167 per gram on 1st July.
- Demand was high in domestic and global markets.
- Gold prices climbed to the highest for the month of July on 7th July trading at Rs.3,227 per gram and remained unchanged till 9th July.
- Gold prices fell in the third week of July as demand for the yellow metal was low.
- Towards the end of the month, the dollar lost strength and demand for gold was on the rise.
- The month closed with gold trading at Rs.3,219 per gram on 31st July.
Gold Rate Trend of Agra in August 2016
- Gold continued to trade at Rs.3,219 per gram on 1st August as demand was stable.
- A constant trend swept over gold rates till 9th August.
- Domestic demand was stable as jewellers and retailers increased their offtake for the festive season.
- Anticipation of a Fed rate hike grew stronger this month and investors were reluctant to take on gold.
- Gold prices dropped leading to a decline of 0.43% this month in gold rates.
Gold rate trend of Agra in September 2016
- Gold traded at Rs.3,184 per gram on 1st and 2nd September which was the lowest rate for this month.
- The highlight for this month was that the interest rate hike by the U.S. Federal Reserve was put on hold as the U.S. presidential elections were too close.
- Gold gained its safe-haven appeal back and investors increased their appetite for gold.
- Gold rates climbed this month leading to an increase of 1.04%.
|1st day||Rs. 2,943 per gram||Rs. 3,119 per gram||Rs.2,960|
|Last day||Rs. 3,119 per gram||Rs. 2,960 per gram on 30th of May||Rs.3,167|
|Highest price||Rs.3,119 per gram on 1st of April||Rs. 3,120 per gram on 9th of May||Rs.3,182 per gram on 28th June|
|Lowest price||Rs. 2,933 per gram on the 5th of May||Rs. 2,960 per gram on the 30th of May||Rs.2,950 per gram on 2nd June|
Gold Rate Trend of Agra in April 2016
- Gold continued to trade at Rs. 2,943 per gram for the first three days of April
- Gold witnessed a lot of fluctuation in the month of April with changes in rate every week.
Gold Rate Trend of Agra in May 2016
- There were no major changes in demand and the rate remained unchanged at Rs. 3,119 per gram for the first three days of May.
- Gold witnessed a decline at Rs. 3,048 per gram on 24th of May owing to low demand.
- The price further declined to Rs. 2,960 per gram on 30th of May.
Gold Rate Trend of Agra in June 2016
- At the beginning of the month, rate of gold was Rs.2,960 per gram.
- Price of gold decreased by Rs.10 the next day to cost Rs.2,950 per gram and this rate was maintained until the last day of week.
- Continuing from the previous week, the price of gold was Rs.2,950 on the first day of the month and increased slightly thereafter.
- The price of gold was steady at Rs.3,003 per gram on the 6th and 7th.
- Gold rate decreased slightly after that on the 8th to cost Rs.2,983 per gram.
- Prices increased thereafter and the price of gold was Rs.3,006 on the last day of the week.
- Price of gold increased from Rs.3,006 per gram on the 12th to Rs.3,056 per gram on the 13th.
- In addition to the above, from the 14th to 16th of June, gold rate was steady at Rs.3,066 per gram.
- There was a significant increase in price seen thereafter with price of gold being Rs.3,109 per gram from 17th to the 20th.
- On the 19th, the rate of gold was Rs.3,109 which continued from the previous week.
- There were variations noted in rates seen from 19th to 22nd of June with the highest during those four days being Rs.3,120 per gram on the 21st.
- From 23rd to the 27th, the rate of gold was steady at Rs.3,098 per gram.
- Gold rate was at Rs.3,098 per gram and was the same on the 26th and 27th of June.
- There was a rise noted in the rate of gold on 28th with price of gold being Rs.3,182 per gram which was also the highest for the month.
- The above price was steady for an another day and decreased slightly to close at Rs.3,167 per gram on 30th June.
|1st day||Rs. 2,585 per gram||Rs. 2,756 per gram||Rs. 3,030 per gram|
|Last day||Rs. 2,756 per gram||Rs. 3,037 per gram||Rs. 2,948 per gram|
|Highest price||Rs. 2,767 per gram on January 27th||Rs. 3,049 per gram on 26th of February||Rs. 3,030 per gram from March 1st to 14th|
|Lowest price||Rs. 2,580 per gram from January 2nd to 4th||Rs. 2,756 per gram on 1st of February||Rs. 2,948 per gram on 31st of March|
Gold Rate Trend of Agra in January 2016
- Gold traded at Rs. 2,585 per gram on the 1st of January without many changes over the next four days
- Gold rose by Rs. 100 at Rs. 2,681 per gram on 7th of January.
- Gold hit the highest rate for January on 27th at Rs. 2,767 per gram.
Gold Rate Trend of Agra in February 2016
- Gold remained unchanged at Rs. 2,756 per gram on 1st of February.
- Gold traded at Rs. 3,008 per gram during the better half of the second week of the month.
- February witnessed a steady rise in Gold prices as it shot up to Rs. 3,049 per gram on 26th of February.
Gold Rate Trend of Agra in March 2016
- Gold remained unchanged at Rs. 3,030 per gram for the first two weeks of March.
- Gold witnessed a steady downfall in the last two weeks of March and stood at Rs. 2,948 per gram at the end of March.
Gold investment avenues in Agra
Residents of Agra love buying gold either as jewellery or as an investment. Gold sales climb during the festivals and wedding season. Investors invest in gold to protect themselves from the fluctuating market as it is treated as a safe haven asset. Gold can be brought in Agra in the following ways:
- Market trade:
Gold can now be purchased from anywhere if you have access to E-gold, futures and ETFs. E-gold is traded at the National Spot Exchange. BSE (Bombay Stock Exchange) trades ETFs. Trading in gold is subject to risk which you must be aware of before you decide that you want to start trading.
- Over the counter purchases:
Residents of Agra prefer looking at the jewellery and trying it on before actually buying it. There are a many jewellers in Agra from where people buy gold. Gold can be purchased in the form of coins and bars from the banks as well as jewellers. You will get a purity certificate when you buy gold from the bank which makes it costlier.
Also Check Gold Price in NearBy Cities of Agra
|Gold Rate In Bareilly||Gold Rate In Lucknow||Gold Rate In Meerut|
|Gold Rate In Ghaziabad||Gold Rate In Kanpur||Gold Rate In Varanasi|
|Gold Rate In Allahabad||Gold Rate In Aligarh||Gold Rate In Noida|
- Also Check: Gold Rate in Uttar Pradesh
Gold rate per unit in Agra is determined based on the gold purity. Buyers can purchase either 24 karat, 22 karat, 18 karat or 14 karat gold. 14 karat gold is cheaper and 24 karat gold is costly. Gold rate in Agra changes in accordance to the international gold rate. The gold rate in Agra in the year 2015 fell considerably, 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% of gold mass. 24 karat gold is a very soft metal hence it cannot be used to make jewellery or other ornaments. The gold rate for 24 karat gold in Agra is Rs.29,800 per 10 grams as on 14th March, 2016.
22 karat gold:
22 karat gold is the highest quality gold as it has 91.6% of gold mass. It has a shiny yellow coat and is used to mostly to make jewellery and ornaments. The brightness of the 22 karat gold depends on the metal with which it is alloyed. 22 karat gold is usually alloyed with silver or copper. You get a reddish tint when you alloy 22 karat gold with copper. Zinc can be added to copper to neutralise the rose color and make it look yellow.
Jewellers prefer alloying 22 karat gold with silver. It is the common form of retail gold jewellery. It is worn off easily, so special care must be taken. The gold rate for 22 karat gold in Agra is Rs.27,830 per 10 grams as on 14th March, 2016.
18 karat gold:
18 karat gold includes 75% of the gold mass making it the popular karat for jewellery. It also provides sufficient 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% of gold mass and it is the cheapest type of gold jewellery. When 14 karat gold is alloyed with copper, you get a dull bronze color. You get white gole when you alloy 14 karat gold with silver or nickel.
Read more on Gold
- What Do The Markings On Gold Mean
- Buying Gold In India Make Sure Its Real Gold
- How New Gold Schemes are Going to Affect Indian Economy
- Is Buying Gold a Good Investment in 2016
- Gold Rate Outlook for India in 2016