Gold Rate in Ahmedabad

June ‘17- Week 1 (1st to 4th)

• Gold prices in Ahmedabad reflected trends seen across other Indian cities, with prices stable as the month began before falling due to poor demand.
• Gold was priced at Rs.3,065 per gram on 1 June before prices fell to Rs.3,047 per gram till the end of the month due to stagnating demand.
• Local demand was also poor due to global trends in demand.

June ‘17- Week 2 (5th to 11th)

• Prices were stable as the week began, trading at Rs.3,047 per gram on 5 & 6 June as demand did not see any change.
• Gold jumped to Rs.3,099 per gram on 7 June as political turmoil in the United States led to markets plunging, increasing demand for bullion.
• As local demand also rose, prices were stable and consistent for the remainder of the week.
• An increase in demand was also seen due to higher demand prior to the implementation of GST.
• Prices in Ahmedabad dipped marginally as the week ended, trading at Rs.3,064 per gram on 11 June.

June ‘17- Week 3 (12th to 18th)

• The yellow metal traded at Rs.3,064 per gram on 12 June as demand was steady from the previous week.
• Prices began to dip as the week progressed, trading at Rs.3,050 per gram on 16 June due to a revival of the U.S. stock market as well as a resurgent U.S. dollar.
• Demand from local jewellers was also on the decline due to rising dollar rates and a global dip in demand..
• Prices ended with gold trading at Rs.3,050 per gram on 18 June.

June ‘17- Week 4 (19th to 25th)

• Demand for gold continued to remain stable with a few fluctuations due to demand vagaries.
• Gold traded at Rs.3,050 per gram on 19 June as demand was steady due to increased demand from Asian markets, which kept prices high in spite of a dip in local demand.
• The frequent fluctuations in the dollar rate coupled with market instability led to consistent demand for bullion, especially gold.
• Prices did not change for the whole week, resulting in gold ending the week at Rs.3,050 per gram on 25 June.

June ‘17- Week 5 (26th to 30th)

• The last week of June saw gold prices continue to remain stable as local demand helped keep prices steady, as gold opened the week at Rs.3,050 per gram on 26 June.
• Higher demand from Europe was also seen due to faltering markets, which helped maintain prices in spite of a dip in Asian demand.
• The U.S. political crises appeared to be abating as the month drew to a close but demand for gold was still high.
• Prices rose with gold ending the month at Rs.3,063 per gram on 30 June, though prices still declined by 0.06% over the course of the month.

May 2017 - Week 1 (1st-7th):

• On 1st, when the month of May began, gold was priced at Rs.3,058 per gram.
• Gold rates went down slightly during this week as stock prices in the US rose and which led to a rise in the US dollar rates.
• On 2nd, bullion rates went up to Rs.3,061 per gram as there was a tiny bit of demand for the precious metal.
• Though there was no change on the the 3rd and the 4th, gold prices went down by a significant margin on 5th to reach Rs.3,001 per gram, thereby recording a whopping Rs.60 per gram decrease.
• The fall as seen on the 5th was the single largest per-day gold price fall since the November of 2016, which was brought about due to low demand in various European markets.
• On 6th, gold prices went down by Re.1 to Rs.3,000 per gram.
• When the week drew to a close, gold was still priced at RS.3,000 per gram.

May 2017 - Week 2 (8th-14th):

• During the second week of May, gold prices sustained themselves around the Rs.3,000 range as Emmanuel Macron emerged victorious over the divisive Marine Le Pen..
• On the 8th of May, gold was priced at Rs.3,000 per gram. This rate sustained till the end of the 10th as French election results stabilised the market and thereby the demand for gold.
• The 11th, however, saw prices dip to a monthly low of Rs.2,976 per gram as a relatively stable global outlook brought demand for the metal down.
• Rates remained at the same level till the end of the week i.e., the 14th at Rs.2,976 per gram as bullion demand was at its sluggish best.

May 2017- Week 3 (15th - 21st):

• The third week of May started with gold still priced at Rs.2,976 per gram.
• But, prices rose over the subsequent days as retail sales dipped in the US, which led to a drop in the US dollar.
• On the 16th, gold was trading at Rs.2,997 per gram - a Rs.21 increase from the previous day’s prices.
• Gold prices went up again on the 17th to reached Rs.3,029 per gram as rumours that Federal Reserve might possibly increase the interest rate two more times this year.
• However, demand sustained over the next few days to keep gold prices at Rs.3,029 per gram.
• When the week came to an end, gold was still trading at Rs.3,029 per gram.

May 2017 - Week 4 (22nd - 28th):

• The fourth week of May went through some fluctuations with regards to gold rates as there was no stable demand for the precious metal.
• When trading began on the 22nd, gold was priced at Rs.3,043 per gram which trickled onto the 23rd as well.
• During this week, the US Labour Department rolled out a report which suggested that the job situation in the country wasn’t going as well as expected.
• On the 24th, prices slumped slightly to Rs.3,035 per gram before going at the same rate till the end of the 25th.
• Prices went up to Rs.3,050 per gram - a Rs.15 increase - which came as a breather, thanks to a weakened dollar.
• Rates didn’t change for the next two days as there was little to no demand till the end of the week.

May 2017 - Week 5 (29th - 31st):

• As dollar value fell after the Labour Department report hit the news, gold prices started on a high on the the 29th at Rs.3,060 per gram.
• On the 30th, gold prices saw no change in prices as demand didn’t change much as market came into grips with the latest job update.
• However, the last day of May saw prices go up slightly to Rs.3,065 per gram to end the month on a relatively high note.
• All in all, gold rates in Ahmedabad inclined at a marginal rate of 0.22% for the month of May, despite witnessing some potentially market meltdown moments.
• The slight incline in May was a much needed after prices fell the previous month.

April ’17- Week 1 (1st to 9th)

• The price of gold in the first week of April rose gradually as markets conditions were favourable.
• Gold traded at Rs.3,043 per gram on 1st April, with the price remaining constant till 4th April due to steady demand.
• Prices rose sharply to trade at Rs.3,064 per gram on 5th April as markets dropped due to escalating tensions in the U.S. over North Korea’s missile testing and fears of aggression in the region.
• Industrial demand for gold rose in the last few days, as gold ended the week trading at Rs.3,060 per gram on 9th April.

April ’17 – Week 2 (10th to 16th)

• Prices fluctuated due to a decline in demand from jewellers and conflicting cues from the stock markets.
• Gold was priced at Rs.3,038 per gram on 10th April but prices rose to Rs.3,050 per gram on 12th April as domestic demand bolstered prices.
• A sharp spike in the price was observed on 13th April, when gold traded at Rs.3,092 per gram due to the markets plunging in a single day’s trading.
• Prices fell as the U.S. Dollar recovered and traded higher against global currencies, which boosted stock markets, however gold prices rose, trading at Rs.3,118 per gram as the week ended.

April ’17 – Week 3 (17th to 23rd)

• The trend in the third week of April was one of a decline in price as stock markets stabilised after the uncertainty of the previous weeks, which led to a reduction in demand for gold.
• The yellow metal traded at Rs.3,117 per gram on 17th April as industrial demand from Asia was muted due to high export costs.
• The U.S. Dollar continued to gain against other currencies as European markets also strengthened, which led to a drop in investment in the metal.
• Gold traded at Rs.3,113 per gram on 19th April, with the price remaining constant till the end of the week due to stagnant demand.

April ’17 – Week 4 (24th to 30th)

• The last week of April saw the price of gold continue to fall due to declining demand from both jewellers as well as industry.
• Gold traded at Rs.3,097 per gram on 24th April as local demand fell following the end of the wedding season. A strong stock market also led to a drop in interest in gold among investors.
• Prices fell to Rs.3,058 per gram on 27th April as Asian markets cut imports due to a slowing down of industrial production, which in turn affected demand across the region.
• Gold prices were constant, as the month ended with the metal trading at Rs.3,058 per gram on 30th April to record a minimal increase of 0.49% over the month.

March ‘17 - Week 1 (1st to 5th)

• Due to positive cues from markets in both India and abroad, gold opened at Rs.3,080 per gram on the 1st of March in Ahmedabad.
• There was stable demand for this metal resulting in this rate sustaining the next day as well. This was also the highest at which gold traded for the month.
• However, the price of gold fell slightly the next day due to slight recovery in the rate of the U.S. Dollar to trade at Rs.3,056 per gram.
• This rate was maintained until the end of the first week of March due to steady demand.

March ‘17 - Week 2 (6th to 12th)

• Gold rate was stable at Rs.3,056 per gram on the 6th and 7th of March before rising to Rs.3,062 per gram on the 8th of March.
• This increase in gold rate was not sustained however, due to a fall in demand and hence the rate of gold reduced to Rs.3,044 per gram on the 9th of March. Price of gold was steady at Rs.3,044 per gram on the 10th as well.
• As the week progressed, price of gold continued to fall to trade at Rs.3,023 per gram on the 11th of March.
• There were no variations whatsoever noted in the price of gold for the rest of the week as gold rate continued to trade steadily at Rs.3,023 per gram until the end of the week.

March ’17- Week 3 (13th to 19th)

• Price of gold was Rs.3,023 per gram which was a continuation of the rate noted during the end of the second week of March.
• On the 15th of March, demand for this precious metal fell to a monthly low resulting in the reduction of gold rate. This metal traded at Rs.2,974 per gram on the 15th and was steady at this rate until the 17th of March.
• On the 18th, rate of gold increased to trade again at Rs.3,023 per gram and stayed stable at this rate until the end of the week.

March ’17- Weeks 4 (20th to 26th)

• On the 20th of March, ratee of gold was Rs.3,028 per gram which was a slight recovery from that of the previous week’s prices.
• This rate was not sustained however and the rate of gold fell by Rs.10 the next day to trade at Rs.3,018 per gram.
• A recovery in demand for this precious metal and positive cues from markets abroad resulted in the rate of gold shooting up to Rs.3,060 per gram.
• There were some fluctuations noted in the rate of gold during the fourth week of March.
• Rate of gold fell by Rs.10 the next day to trade at Rs.3,050 per gram and stayed steady at this price until the end of the week.

March ’17- Weeks 5 (27th to 31st)

• There was a marginal recovery noted in the rate of gold on the 27th of March wherein this precious metal traded at Rs.3,065 per gram before falling to Rs.3,060 per gram on the 28th of March.
• Price of gold varied between Rs.3,045 per gram to Rs.3,049 per gram between the 29th and 30th of March.
• Demand for this metal could not be maintained resulting in gold trading at Rs.3,029 per gram which was a fall of 1.65% as compared to the rate noted at the beginning of the month of March.

February ‘17 - Week 1 (1st to 5th)

• Gold opened at Rs.3,035 per gram on the 1st of February in Ahmedabad due to relatively high demand for this metal in the city.
• Due to a further increase in demand for gold, the price of gold increased slightly by Rs.3 the next day to trade at Rs.3,038 per gram.
• This rate was maintained until the next day after which there was a minor decline in gold prices in Ahmedabad.
• Local demand was low, which kept prices stable in spite of increasing demand overseas.
• Rate of gold was stable at Rs.3,034 per gram on the 4th and 5th of February due to sustained demand.
• Industrial demand fluctuated, which led to prices falling as the week ended.

February ‘17 - Week 2 (6th to 12th)

• The second week saw the price of gold rise marginally, though demand was still muted due to poor local demand.
• Gold was priced at Rs.3,044 per gram on 6th February before rising up to trade at Rs.3,075 per gram the next day.
• This could be attributed to high demand for this metal in both domestic as well as international markets.
• Gold price in Ahmedabad were steady at Rs.3,075 per gram on the 8th and 9th of February before falling marginally.
• Unsteady demand resulted in gold trading at Rs.3,068 per gram on the 10th and 11th of February before plunging to Rs.3,048 per gram on the last day of the month.
• Poor local and international demand resulted in the price of gold reducing.

February ’17- Week 3 (13th to 19th)

• Gold Price in Ahmedabad in the third week of February increased as the week progressed due to positive cues from international markets.
• Gold traded at Rs.3,044 per gram on 13th February and stayed steady at this rate until the 15th after which rate increased by Re.1 on the 16th of February.
• Gold rates improved slightly to trade at Rs.3,070 per gram on the 17th of February and was steady at this rate until the very end of the week.

• This could be attributed to stable demand for this metal in both domestic as well as international markets.
• The ongoing wedding season could also be a reason for the stable demand which was reflected in the stability noted in gold rates.

February ’17- Weeks 4 & 5 (20th to 28th)

• Prices in the last few days of February saw prices rise due to increased demand, with gold trading at Rs.3,070 per gram on 20th February.
• Due to steady demand, the price of gold in Ahmedabad was stable at Rs.3,070 per gram until the 24th of February.
• There was a rise in demand for this precious metal as the month came to an end with gold trading at Rs.3,101 per gram from the 25th to the 27th of February. This was also the highest rate at which gold traded at for the month of February in Ahmedabad.
• As the month came to an end, a rise of 1.97% in the rate of gold was noted.

January 2017 - Week 1 (1st - 7th)

• Gold prices increased in the city during the 1st week because of an increase in international gold demand coupled with an increase in gold orders by local jewellers.
• On the 1st and 2nd days of the month, gold traded at Rs.2,893 per gram.
• Prices dropped marginally due to fluctuations in demand, as gold traded at Rs.2,888 per gram.
• By the end of the week, the prices rose once again to Rs.2,937 per gram.

January 2017 - Week 2 (8th - 14th)

• Ahmedabad witnessed some fluctuations due to unfavourable market conditions, which reduced demand during the 2nd week.
• The price of gold on 8th January was Rs.2,937 per gram.
• Contrary to prevalent trends, gold prices in Ahmedabad fell on the 10th and 11th, trading at Rs.2,841 per gram, which were also the lowest rates for the month.
• Gold prices rose on the 12th to Rs.2,990 per gram, remaining constant until the 14th.

January 2017 - Week 3 (15th-21st)

• This week saw an increase in gold prices in Ahmedabad. Global geo-political conditions resulted in an increase in gold prices this week. Brexit discussions led to a drop in markets in the UK, which increased demand for gold.
• On the 15th, gold traded at Rs.2,990 per gram, with prices rising due to uncertainties in the global market as a result of the change in leadership in the United States.
• For most of the week, gold traded at Rs.3,034 per gram, with prices stable due to steady demand.
• On 21st, the price dropped marginally as gold traded at Rs.3,024 per gram.

January 2017 - Week 4 and 5 (22nd - 31st)

• Gold prices fluctuated during the week due to uncertainty over the effect of the travel ban in the United States.
• Gold was priced at Rs.3,024 per gram on 22nd January.
• On 23rd and 24th, gold traded at Rs.3,060 per gram, which was the highest for the month.
• Prices fell immediately to Rs.3,032 on the 25th and kept decreasing due to a decline in domestic demand.
• The week ended with gold trading at Rs.3,017 per gram on the 31st.

December Week 1 (1st - 4th):

• The first week of December saw gold prices remain on the higher side for the month as compared to the rest of the month.
• Demonetisation blow, the unavailability of sufficient liquid cash, and tightening of laws curtailed gold prices from climbing.
• On the 1st and 2nd of the month, gold traded at Rs.2,963 per gram, which also happened to be the highest gold rate for December.
• The 3rd saw prices decrease to Rs.2,958 per gram, which continued until the end of the week on the 4th.
• Overall, gold price trend during the first week of December was the highest for the entire month.

December Week 2 (5th-11th):

• When week 2 began on the 5th, gold was still trading at the same price as on the 4th as prices stood at Rs.2,958 per gram.
• Gold prices were the same during the 6th as well.
• On the 7th, however, gold prices dipped significantly by Rs.34 to hit Rs.2,928 per gram and increased by just Re.1 to trade at Rs.2,927 per gram on the 8th.
• The 9th saw prices decrease further down to trade at Rs.2,918 per gram - a Rs.9 per gram change.
• Prices remained the same as the 9th on 10th and till the week ended on the 11th.

December Week 3 (12th-18th):

• When trading began for the third week on the 12th, gold was still trading at Rs.2,918 per gram, same as on the 11th.
• On 13th, due to lack of demand, prices decreased further as gold traded at Rs.2,903 per gram.
• The same price trend from the 13th continued on till the closing house of the 16th.
• 17th of the month saw prices fall significantly by Rs.57 per gram to hit Rs.2,846 per gram.
• At the time of closing on the 18th, gold prices held on at Rs.2,846 per gram.

December Week 4 (19th- 25th):

• On 19th when trading began, gold prices were holding steady at Rs.2,846 per gram and remained there for much of the week till the 21st.
• The 22nd and 23rd saw gold prices reach their lowest for the month as the metal traded at Rs.2,825 per gram.
• Rates, however, picked up slightly courtesy of Christmas and New Year.
• On Christmas eve day, gold prices increased by Rs.25 and traded at Rs.2,850 per gram. This rate continued on till the 25th - the day of Christmas.

December Week 5 (26th - 31st):

• As Christmas festivities drew to a close, gold prices plummeted on boxing day during which the yellow metal traded at Rs.2,835 per gram.
• The 27th saw a sudden increase in price courtesy of new year shoppers, as gold began to trade at Rs.2,851 per gram - a Rs.16 increase.
• On the 28th and 29th, gold prices climbed up furthermore to trade at Rs.2,876 per gram, a Rs.25 per gram increase.
• Gold prices surged on the penultimate day of 2016 as prices increased again for gold to trade at Rs.2,903 per gram.
• As the year drew to a close on the 31st, gold prices dipped and traded at Rs.2,893 per gram.
• Overall, gold prices declined for most of December which stood at -2.36%.

November 2016 - Week 1 (1st - 6th)

• Gold prices opened at Rs.3,199 per gram at the beginning of the 1st of November and the rate continued to be the same on the 2nd of November as well.
• During the 3rd November, prices climbed up by Rs.53 to reach Rs.3,252 as demonetization was announced and people started to buy more gold.
• The same rate as on 3rd November continued till the 6th of November as people started using their Rs.500 and Rs.1,000 notes to buy gold.
• The week ended with gold rates remaining at Rs.3,252 at the time of closing on the 6th of November.

November 2016 - Week 2 (7th-13th)

• The first two days of November week 2 was subject to some massive fluctuations as demand for gold had increased.
• Gold traded at Rs.3,234 on the 7th of the month and went down to Rs.3,219 as jewellery stores were unsure whether they should take Rs.500 and Rs.1,000 in exchange for gold purchases.
• For the next three days i.e., the 9th to 11th of November gold rates remained the same at Rs.3,242 as people restrained from using their Rs.500 and Rs.1,000 notes.
• At the end of the week on the 12th and 13th though, prices decreased furthermore and ended at Rs.3,175 at the time of closing of the week.

November 2016 - Week 3 (14th-20th)

• At the beginning of week 3 on 14th, gold rates maintained the same rate as the 13th and traded at Rs.3,175.
• This trend continued for the next four days, from 15th to 18th. No fluctuations were to be found as prices remained at Rs.3,175.
• On the 19th and 20th though, prices feel by more than Rs.100 and happened to close at Rs.3,075 at the end of the week.

November 2016 - Week 4 and 5 (21st to 30th)

• As the entire nation was hit by Prime Minister Narendra Modi’s surgical strike on black money began to take effect, gold prices decreased considerably.
• Gold prices were at Rs.3,074 at the beginning of the week and saw quite a few fluctuations.
• On 23rd, prices went up by just Re.1 to Rs.3,075 and took a considerable fall of Rs.54 to reach Rs.3,021 at the end of 24th November.
• For the 25th and 26th of November, prices again fell by about Rs.40 ,and went on to reach Rs.2,981.
• The 27th of the month though saw prices increased slightly as it reached Rs.3,003 - a hike of Rs.22.
• On the 28th, prices again rose by Rs.18 to reach Rs.3,021.
• At the end of the month on the 29th and 30th of November, prices took a small tumbled as it closed at Rs.3,012.
• There was an overall decline of -5.84% in gold prices as compared to the beginning of the month.

October 2016 – Weeks 1 and 2 (1st to 9th)

• Though the interest rate hike by the U.S. Federal Reserve has been put on hold till December, expectations have sprouted again as a further delay in the hike could lead to other problems for the economy.
• Gold rates were recorded at Rs.3,304 on the 1st of October.
• Prices dropped to Rs.2,373 on the 2nd and remained unchanged until the 4th, after which declines were recorded on the following two days as well.
• Prices dropped again on the 7th and stood at Rs.3,157 until the 9th of October, and the overall decline in prices between the 1st of the month and the 9th was Rs.147.

October 2016 – Week 3 (10th to 16th)

• Gold rates grew stronger this week as prospects of the U.S. Fed rate hike moved at a slow pace.
• The price of gold per gram remained unchanged from the closing levels of the previous week and prices were recorded at Rs.3,157 until the 13th of the month.
• Prices then increased by Rs.5 on the 14th and remained unchanged at Rs.3,162 until the close of the week.
• In comparison with the previous week, gold prices increased by Rs.5 between the 10th and 16th of October.

October 2016 – Week 4 (17th to 23rd)

• There was little talk of the interest rate hike by the U.S. Federal Reserve this week.
• Rates remained unchanged at Rs.3,162 throughout the week.

October 2016 – Week 5 (24th to 31st)

• Gold prices rose this week as festive demand picked up in the domestic market.
• Although there was no change in rates on the first day of the week, prices rose to Rs.3,189 on the 26th of October and remained stable until the 29th.
• On the 30th of October, prices hit Rs.3,199 and remained stable for another day to close the month at the same rate.
• The overall decline in prices between the first and last day of October was 3.18%.

September '16 - Week 1 – (01st to 04th)

• 24K gold traded at Rs.3,245 per gram on the first day of the week.
• The lowest gold rate for the month was recorded on 01st and 02nd of September when gold traded at Rs.3,245 per gram.
• Gold prices slightly increased on 03rd September and traded at Rs.3,255 per gram as industrialists increased their gold intake.
• On 4th of September, gold prices remained unchanged and closed at Rs.3,255 per gram.

September '16 -week 2- (05th to 11th)

• Gold continued to stay constant despite poor trend overseas.
• Gold opened at Rs.3,255 per gram and remained the same on 06th of September.
• Gold traded at Rs.3,291 per gram from 07th to 11th of September as demand from domestic market poured in due to festive season.
• Gold participants expect gold prices to rise due to the festive season in India.

September '16 - week 3 (12th to 18th)

• Gold continued to trade at Rs.3,291 per gram from 12th to 17th September.
• With the ongoing Fed rate hike speculation, demand from domestic market helped gold maintain stability throughout the week.
• Gold prices is expected to go up as jewellers gear up for the festive season.
• Gold prices fell on 18th of September due lacklustre demand and subdued buying interest.
• Gold closed at Rs.3,274 per gram.

September '16 -week 4 (19th to 25th)

• The yellow metal opened at Rs.3,274 per gram.
• After trading at the same price for one more day, gold rates slightly increased on 20th September and traded at Rs.3,277 per gram.
• On account of the festive season in India, industrialists increased their gold intake which increased gold rates on 23rd September.
• Gold prices rose and traded at Rs.3,297 per gram from 23rd to 25th of September.
• The overall trend of gold was recorded to be an incline this week.

September '16 - week 5 (26th to 30th)

• As Fed rate hike was put aside on account of the upcoming elections in the U.S, gold rates increased this week.
• On the first day of the week, gold traded at Rs.3,297 per gram.
• Gold prices increased and touched Rs.3,304 per gram on 27th September which is also the highest gold rate recorded for this month.
• Gold prices remained at the highest from 27th to 30th of September.
• The incline in gold rates is mainly due to the constant demand from the domestic market and favourable international factors.

August '16 - Weeks 1 (1st to 7th)

• Gold traded at a steady pace at the beginning of August.
• The month opened with gold trading at Rs.3,247 per gram and remained constant till 3rd August.
• With weak economic data coming in from the U.S., gold started to climb.
• Gold remained stable at Rs.3,257 per gram at the end of the week.

August '16 - Week 2 (8th to 14th)

• Prices dropped to Rs.3,236 per gram in Week 2 and remained unchanged.
• The constant trend can be attributed to steady demand in the domestic market as jewellers gear up for the upcoming festivals.
• Global trends indicated that an interest rate hike might not happen any time soon.
• Trends in both domestic and international markets boded well for gold.

August '16 - Week 3 (15th to 21st)

• Gold prices surged through the week as the demand for the yellow metal was high.
• Jewellers and stockists increased their intake of gold in light of the upcoming festive season.
• Gold traded at Rs.3,254 per gram on 15th August.
• Prices climbed through the week and settles at Rs.3,284 per gram on 21st August.

August '16 - Week 4 (22nd to 28th)

• The increasing trend of gold prices continued into week 4 of August.
• Gold price climbed to Rs.3,290 per gram and remained constant till 26th August on account of steady demand from jewellers in the domestic market.
• Things took a turn in the global market as the dollar became stronger. Gold rates declined to Rs.3,274 per gram by the end of the week.

August '16 - Week 5 (29th to 31st)

• Demand for gold dropped as the pressure of a rate hike by the U.S. Federal Reserve grew stronger.
• In the midst of a dampened global market, gold rates dropped to Rs.3,245 per gram.
• Domestic demand was also muted but experts are predicting that demand for the yellow metal will pick up in the second half of 2016.

July'16 - Week 1 (1st to 3rd)

• July began with gold stagnant at its previous high, as repercussions from the Brexit vote continued to keep prices high.
• Prices increased gradually, as equity markets and currencies were volatile, pushing gold demand up.
• Gold traded at Rs.3,228 per gram, a Rs.4 increase from the start of the week.

July'16 - Week 2 (4th to 10th)

• Prices rose as demand remained constant, in spite of small recoveries being posted by the Dollar.
• Prices jumped to Rs.3,285 per gram as the week began on strong trading.
• As markets began to stabilise, gold prices fell, trading at Rs.3,222 per gram, a decrease of Rs.63 from the start of the week.

July'16 - Week 3 (11th to 17th)

• Prices were low as markets recovered.
• Demand from industry and jewellers was muted.
• Gold traded at Rs.3,218 per gram, a decrease of Rs.6 from the beginning of the week.

July '16 - Week 4 (18th to 24th)

• Gold prices continued to fall as Asian stocks performed well, boosting markets.
• Prices were stagnant for the first half of the week before falling further.
• Gold retailed at Rs.3,217 per gram at the end of the week.

July‘16 - Week 5 (25th to 31st)

• Prices were low as the week began due to demand dropping.
• Market stability and the rising Dollar led to reduced interest in gold.
• Data revealing low growth in the U.S. market mid-week led to the Dollar falling, pushing up demand for gold.
• Gold ended the month at Rs.3,244 per gram.

Jun'16 - Week 1 (1st to 4th)

• Gold opened at a not-so-good price of Rs.2,991 per gram on the first of the month.
• However, after a low on the first few days, a steady increase in prices were recorded.
• Prices in gold from the 4th to the 6th of June were steady at Rs.3,055 per gram.
• Gold rates decline by Rs. 5 after the 6th for two days, closing the week at Rs.3,050 per gram.

Jun'16 - Week 2 (5th to 11th)

• The rate of gold opened at Rs.3,050 per gram which was a slight decline from the rates noted the previous week.
• There was an increase in the price of gold on the 10th of June wherein gold was Rs.3,103 per gram.
• There was a decline observed in the rate of gold from thereafter.
• On the last day of the week, the rate of gold was Rs.3,098 per gram.

Jun'16 - Week 3 (12th to 18th)

• A steady pace was maintained in the rate of gold from the 11th of June to the 13th of June at Rs.3,098.
• There was an increase noted in the rate of gold on the last day of the week with gold closing at at Rs.3,114 per gram.
• The rate of gold was steady on the 15th and 16th of June at Rs.3,096 per gram.
• Although there was a slight increase in the price of gold on the 17th at Rs.3,109 per gram, it declined at the end of the week closing at Rs.3,102 per gram.

Jun'16 - Week 4 (19th to 25th)

• Gold prices fluctuated quite a bit in the fourth week of June, rising and declining alternatively.
• There was a rise in the price of gold on the 20th at Rs.3,121 per gram but declined thereafter until the 24th.
• The lowest rate of gold in this period was seen on the 23rd where the price of gold was Rs.3,094 per gram.
• The week, however, ended on a high of Rs.3,212 per gram which was also the highest for the entire month of June.

Jun'16 - Week 5 (26th to 30th)

• There were many minor fluctuations seen in the final week of June regarding gold prices.
• There was a steady increase seen in gold rates this week.
• From the 25th to the 27th, the price of gold was steady at Rs.3,212 per gram but declined slightly thereafter.
• On the 29th, the price of gold was Rs.3,153 which was the lowest for the week but the rate of gold for the end of the week and subsequently month was Rs.3,209 per gram.

May'16 - Week 1 (1st to 7th)

• Gold rates remained the same on the first as well as the last day of the week despite fluctuating prices during the seven-day period.
• Prices were recorded at Rs.3,147 on the 1st day of the month and Rs.3,147 on the 7th.
• Gold rates increased by Rs.22 on the second day of trading and remained the same on the third day at Rs.3,169 after which a decline saw prices remain stable at Rs.3,152 for the next two days.
• A further decline in prices by Rs.5 saw gold finish the week at Rs.3,147.

May ‘16 - Week 2 (8th to 14th)

• Gold rates increased by Rs.31 on the first day of the second week and prices were recorded at Rs.3,178.
• A decline by Rs.31 saw prices fall back to Rs.3,147 on the second day of the week.
• Prices fell by Rs.20 on the third day of the week and again by Rs.20 on the fourth day, and then increased by Rs.9 and remained constant at Rs.3,138 until the 14th of May.
• There was an overall decline in prices over the course of the week.

May ‘16 - Week 3 (15th to 21st)

• Gold prices rose by Rs.15 on the first day of the third week of May and remained unchanged for another day.
• Prices then fell by Rs.10 to remain at Rs.3,143 for the next two days.
• Rates fell by Rs.35 on the 19th and remained at Rs.3,108 until the 20th after which an increase of Rs.10 was recorded and the price of the precious metal at the close of the week was Rs.3,118.
• Gold prices recorded a further decline at the end of the week in comparison with the first day of the week.

May ‘16 - Week 4 (22nd to 31st)

• Gold prices declined on the first day of the fourth week of May too, as prices fell by Rs.6 at the start of the week.
• Marginal declines ensued for the next two days after which prices fell by Rs.68 on the 25th and stood at Rs.3,048.
• An increase of Rs.10 was then recorded on the 26th of the month and prices remained unchanged at Rs.3,058 until the 29th.
• The lowest price of gold in May was recorded on the last two days of the month as prices fell to Rs.2,991.
• Gold prices fell by Rs.156 between the first and last day of May.

Apr ‘16 - Week 1 (1st to 3rd)

• International trends and a strong US Dollar impacted gold rates in the first week of April.
• Gold rates were unchanged during the week, trading at Rs 2,988.

Apr ‘16 - Week 2 (4th to 10 th)

• Gold rates were impacted by a strong US Dollar and statements regarding US Fed rate changes.
• Prices fell marginally during the week as investors stayed cautious.
• Gold traded at Rs 2,957 on 4th, picking up marginally over the week, ending at Rs 3,037 on 10th.

Apr ‘16 - Week 3 (11th to 17th)

• The third week witnessed both, a rise and drop in gold rates.
• Prices peaked at Rs 3,073 on 12th, before falling gradually.
• A low of Rs 3,021 was reached on 15th and 16th, before rates inched up to Rs 3,031 to end the week at a loss.

Apr ‘16 - Week 4 (18th to 24th)

• An increase in gold rates was witnessed during the week.
• Rising investor confidence led to an increase in rates, with the prices stabilising at Rs 3,072.
• A minor drop was seen on 24th, as the week ended with gold at Rs 3,053.

Apr ‘16 - Week 5 (25th to 30th)

• This was a good week for gold rates in the country, with investors rallying behind gold.
• Prices saw a steady incline, as rates increase by Rs 90 in 6 days.
• Gold rates were Rs 3,057 on 25th, increasing to Rs 3147 to end the month on a high.

Feb '16 - Week 1 (1st to 7th)

• Gold rates appreciated in the 1st week of February.
• Prices were Rs.2,714 on 1st and Rs.2,850 on 7th.
• Gold rose on all days of the week, continuing its positive streak from January.
• Gold gained Rs.136 over the course of the week.

Feb '16 - Week 2 (8th to 14th)

• Gold rates were up again in the 2nd week.
• Prices were Rs.2,871 on 8th and Rs.3,014 on 14th.
• Gold appreciated till 10th to touch Rs.2,944, before sliding to Rs.2,833 on 11th and breaching the 3,000-mark on the next day to settle at Rs.3,036.
• Prices stabilized on the last day of the week at Rs.3,014.

Feb '16 - Week 3 (15th to 21st)

• Gold again gained value, trading in the stable range between Rs.2,956 and Rs.3,038.
• Prices were Rs.2,997 on 15th and Rs.3,038 on 21st.
• Gold started the week on a weak note, falling to Rs.2,956 by 17th before rallying to Rs.3,308 by 19th, where it was stable for the rest of the week.

Feb '16 - Week 4 (22nd to 29th)

• Gold prices were up in the final week, ending a very profitable month on positive note.
• It was priced at Rs.3,000 on 22nd and Rs.3,067 on 29th.
• Gold was trading above Rs.3,000 throughout the week, and ended at a high of Rs.3,067 by 29th.
• Gains in this month equalled the best performance of gold in almost 4 years.

• Gold rates were stable in the 1st week of January as domestic demand was high and global cues were favourable.
• Prices were Rs.2,616 on 4th and Rs.2,609 on 10th.
• Gold fell to Rs.2,541 on 5th before rallying to Rs.2,630 by 9th.
• Prices were stable at Rs.2,630 on 10th on account of weekend.

• Gold rates depreciated in the 2nd week.
• Prices were Rs.2,701 on 11th and Rs.2,598 on 17th.
• Prices fell by Rs.103 to settle at Rs.2,598 on 14th where they stayed stable for the rest of the week.

• Gold rates rallied to cross the 2,700 mark during the 3rd week.
• Prices were Rs.2,576 on 18th and Rs.2,729 on 24th.
• Prices rose all through the week except on 23rd when they fell to Rs.2,661 from Rs.2,729 on 22nd.
• Gold regained the lost value on 24th to end the week at Rs.2,729.

• Gold appreciated towards the end of the month.
• It was priced at Rs.2,729 on 25th and Rs.2,781 on 31st.
• Prices rose to Rs.2,788 by 29th on the back of strong domestic demand and a weaker dollar.
• Gold dropped to Rs.2,700 on 30th before recovering back to Rs.2,781 on 31st.

Dec'15 - Week 1 (1st to 7th)

• Gold rates appreciated in the 1st week.
• Prices were Rs.2,550 on 1st and Rs.2,596 on 7th.
• Gold rose by Rs.51 on 2nd but lost the gains over the next two days to settle at Rs.2,551.
• Gold rallied again on 5th and 6th by Rs.64 and Rs.40 to touch Rs.2,665 on 6th.
• Prices dropped by Rs.69 on 7th to end the week at Rs.2,596.

Dec'15 - Week 2 (8th to 14th)

• Gold rates were volatile in the 2nd week.
• Prices were Rs.2,593 on 8th and Rs.2,597 on 14th.
• Gold lost value till 13th to settle at Rs.2,553.
• Prices rose on the last day to end the week at Rs.2,597.

Dec'15 - Week 3 (15th to 21st )

• Gold rates were down in the 3rd week.
• Prices were Rs.2,576 on 15th and Rs.2,552 on 21st.
• Gold dropped to Rs.2,561 by 18th before rallying to Rs.2,596 by 20th.
• Prices dropped by Rs.44 on 21st to settle at Rs.2,552.

Dec'15 - Week 4 and Week 5 (22nd to 28th, 29th to 31st )

• Gold rates were once again stable on the whole in the final weeks of December.
• It was priced at Rs.2,562 on 22nd and Rs.2,558 on 31st.
• Gold rose to Rs.2,634 on 23rd but dropped back to Rs.2,558 by 24th.
• Gold breached Rs.2,600 mark again on 25th by touching Rs.2,622.
• Prices dropped again to Rs.2,558 on 28th and remained mostly stable till the end of the month.

• Gold rates depreciated at the start of the month.
• Prices were Rs.2,686.50 on 1st and Rs.2,590 on 7th.
• Gold traded in the negative for all days of the week except for 3rd when it rose by a slight margin of Rs.6 to rest at Rs.2,680 from Rs.2,674.

• Gold rates declined in the 2nd week also.
• Rates were Rs.2,590 on 8th and Rs.2,557 on 14th.
• Gold rose to Rs.2,628 on 9th before settling at Rs.2,573.50 by 11th.
• Gold touched Rs.2,627 on 12th but dropped in the next 2 days to rest at Rs.2,557 for the week.

• Gold rates were more or less stable in the last few days of the month.
• Prices were Rs.2,557 on 15th and Rs.2,550 on 21st.
• Gold rose by Rs.123 on 15th to touch Rs.2,680 on 16th before depreciating for 3 consecutive days to rest at Rs.2,562 on 19th.
• Gold rose slightly to Rs.2,571 on 20th before settling at Rs.2,550 for the week.

• Gold rates were once again stable on the whole in the final weeks of November.
• It was priced at Rs.2,550 on 22nd and Rs.2,558 on 30th.
• Gold rose to Rs.2,582 by 29th before settling at Rs.2,558 on 30th.