Gold Rate In Aligarh

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Gold price in Aligarh

Aligarh is a well-known city in the state of Uttar Pradesh. The city is most popular for its university that houses some of the brightest minds of the nation. Aligarh played a crucial role during the pre-independence era and continues to be a culturally influential place.

Like most cities of the country, the people of Aligarh too have a considerable respect and love for the precious yellow metal. Gold forms an integral and indispensable part of all weddings and festivals that are celebrated in Aligarh. The price of the metal shows movement in line with the global price trends. Depending upon the percentage of gold used, the rate varies. So different variants are priced differently.

Gold Rate Trend in Aligarh for January 2018 to March 2018 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.3,010 per gram	Rs.3,077 per gram	Rs.3,113 per gram
Last day	Rs.3,066 per gram	Rs.3,129 per gram	Rs.3,134 per gram
Highest price	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
Lowest price	Rs.3,010 per gram from 1 to 3 January	Rs.3,035 per gram on 9 February	Rs.3,098 per gram on 19 & 20 March
Trend	Incline	Incline	Incline
Change	1.19%	1.68%	0.67%

Gold Rate Trend in Aligarh for January 2018:

• Gold prices in Aligarh saw considerable changes over the course of January 2018, thanks to a rapidly fluctuating market demand.
• When the month began, gold was priced at Rs.3,010 per gram. This continued on till the 3rd of the month as demand remained steady. Also, rates recorded over these three days were the lowest for the month.
• After considerable changes initially, the metal recorded its highest rate for this month on the 24th and the 25th of the month, when it traded at Rs.3,120 per gram.
• This rise was due to a declining US dollar, which was hit by a weak equity market.
• Gold consolidated as the final week wore on to trade at Rs.3,060 per gram at the time of closing on the 31st of January.
• A price incline of 1.19% was recorded over the course of this month’s trading.

Gold Rate Trend in Aligarh for February 2018:

• During February 2018, gold continued on its upward trajectory with the aid of poor equity markets which helped the precious metal gain in its stature.
• On the 1st of February, gold was priced at Rs.3,077 per gram. Although, the month began strongly, prices fluctuated over the course of the first two weeks as the dollar was holding strong.
• The 9th saw gold trade at its lowest monthly rate of Rs.3,035 per gram as markets stabilised after a jittery start and gold prices plummeted as a result.
• Gold rate in Aligarh surged during the third week, thanks to a strong local demand courtesy of the wedding season. Gold rates reached their highest for the month on the 18th and the 19th when the it traded at Rs.3,161 per gram.
• From the 20th onwards, the yellow metal’s rates consolidated as the US dollar firmed up against other currencies.
• When the month came to an end, the metal was priced at Rs.3,129 per gram, and recorded at 1.68% incline in prices.

Gold Rate Trend in Aligarh for March 2018:

• When March began, gold was priced at Rs.3,113 per gram. Gold saw consistent improvement over the initial few days as it was helped by a strong local demand.
• During the second week, gold demand increased, and rates went up to as high as Rs.3,134 per gram.
• However, demand subsided after the slightly busy period and, as a result, rates fell. The yellow metal traded at monthly low rates of Rs.3,098 per gram over the 18th and 19th of the month.
• This didn’t last long though, as gold bounced back within less than a week to record its highest rate of Rs.3,171 per gram on the 25th and the 26th.
• The month drew to a close with gold prices consolidating down to Rs.3,134 per gram.
• Gold price trends in Aligarh witnessed a 0.67% incline this month owing to strong demand and a weak US dollar.

Gold Rate Trend in Aligarh for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
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, and 14 October	Rs.3,060 per gram on 18, 19 and 20 November	Rs.3,036 on 2, 3 and 4 December
Lowest price	Rs.3,028 per gram on 6 October	Rs.3,005 per gram on 6 November	Rs.2,940 per gram on 11,12 and 13 December
Trend	Decline	Incline	Incline
Change	1.20%	0.66%	0.13%

Gold Rate Trend in Aligarh for October 2017:

• In Aligarh - the Uttar Pradesh city - gold opened at Rs.3,063 per gram when trading commenced for the final quarter of 2017.
• Gold rate in Aligarh this month saw a decline as local demand was weak while the US dollar index continued to remain strong against other currencies.
• The yellow metal was trading at its highest from the 12th to the 16th at Rs.3,072 per gram - thanks to a sudden rise in overseas demand amid a poor dollar.
• Due to the dollar bouncing back, gold demand continued to weaken towards the second half of October 2017.
• In fact, gold rate in Aligarh were at their lowest towards the final 4 four days of this month - when it was expected to be on the high owing to the festive season.
• An uncharacteristically low festive demand, though, pushed gold prices down to Rs.3,026 per gram.
• There was a 1.20% decline in gold prices recorded over the course of this month.

Gold Rate Trend in Aligarh for November 2017:

• The month of November saw gold price in Aligarh record a positive growth, thanks to uncertainty over the US economy.
• On the 1st of November, gold was priced at Rs.3,006 per gram - which then dropped to monthly low figure of Rs.3,005 per gram on the 6th.
• Prices begun to improve from the second week onwards as demand fluctuated considerably as a combination of factors, involving the Fed rate hike, rising and falling overseas demand, and local festive demand all contributed to upheaval in prices.
• Gold traded at its highest prices for this month from the 18th to the 20th when it traded at Rs.3,060 per gram.
• The final 10 days of this month saw gold rates in Aligarh consolidate as demand continued to decline.
• At the time of closing on the 30th of November, gold was priced at Rs.3,026 per gram.
• A 0.66% change in price trends were recorded this month, thanks to positive change in demand and sales.

Gold Rate Trend in Aligarh for December 2017:

• The last month of Q4 2017 opened on a relatively glib note, with the yellow metal trading at Rs.3,016 per gram.
• Gold price in Aligarh rose to Rs.3,036 per gram as the US President Donald Trump was expected to present his tax restructuring, which caused safe-haven demand to increase.
• The rate of Rs.3,036 per gram seen from the 2nd to the 4th was the highest for the month.
• However, once the negative feedback subsided, the market began to react positively to the changes, which pushed the dollar prices up.
• A rising dollar spelled doom to gold sales and price in Aligarh fell to Rs.2,940 per gram on the 11th as demand tumbled.
• After this significant fall, gold price in Aligarh rallied picking up on strong global cues to end 2017 on a respectable note.
• The final day of 2017 saw gold trade at Rs.3,020 per gram. Overall, there was a 0.13% incline in gold prices, thanks to a declining dollar.

Gold Rate Trend in Aligarh for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.2,992 per gram	Rs.2,960 per gram	Rs.3,024 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
Trend	Decline	Incline	Incline
Change	1.42%	1.30%	1.24%

Gold rate trend in Aligarh for July 2017

• When the month of July began in Aligarh, gold was trading at Rs.2,992 per gram on the 1st. This was also the highest recorded monthly figure for gold in Aligarh.
• The US dollar value was on the low due to global central banks’ decisions on monetary tightening.
• However, demand for the precious metal declined over the first week and prices dropped to Rs.2,902 per gram on the 8th and the 9th.
• Demand for the metal dropped significantly after the release of the US employment data, and gold rates dropped to Rs.2,843 per gram on the 12th and remained unchanged on the 13th as well. This was also the lowest recorded monthly figure in the city.
• Gold prices in Agra increased to Rs.2,863 per gram on the 14th as the dollar value dropped with the Trump scandal having gripped the US markets.
• Prices gradually rose to Rs.2,908 per gram on the 21st as the weak US dollar resulted in an increase in demand from the Asian continent.
• Steady demand for the metal in the Asian markets resulted in prices staying static at Rs.2,944 per gram over the next three days.
• Gold prices in Agra dropped by Rs.15 to Rs.2,929 per gram on the 26th, but rebounded to Rs.2,950 per gram the next day with investors capitalising on the weak US dollar.
• The US dollar collapsed with rising tensions between the US and North Korea and resulted in gold rates rising to RS.2,955 per gram on the 29th and onto the 30th. However, prices declined on the 31st to Rs.2,950 per gram as local demand dropped.
• Reduced local demand coupled with poor global cues led to gold trade in Aligarh decline at -1.41%.

Gold rate trend in Aligarh for August 2017

• The month of August saw the precious metal opening at Rs.2,960 per gram on the 1st.
• However, investors and retail jewellers delayed purchases awaiting the US Fed rate announcement on the possibility of an interest rate hike and prices dropped to Rs.2,930 per gram on the 3rd.
• Gold price in in Agra rose to Rs.2,940 per gram on the 4th, but a decline in demand from retail jewellers resulted in gold prices dropping to Rs.2,930 per gram until the 7th of August.
• Demand for the precious metal surged globally with the US-North Korean relations worsening, and gold rates in Agra jumped to Rs.2,974 per gram on the 10th.
• Global markets tanked and gold trade skyrocketed, which led to the yellow metal trading at Rs.2,999 per gram from the 11th to the 13th.
• The precious metal traded at Rs.2,994 per gram on the 14th and the 15th as commodity markets did not trade on Independence Day.
• Continued aggression between the US and North Korea coupled with increased Asian demand led to gold rising to Rs.2,999 per gram on the 18th.
• Stable demand from global as well as domestic markets resulted in gold trading at Rs.2,982 per gram until the 20th.
• The US-North Korea issue took the centre stage and resulted in the US dollar collapsing. This led to gold trading at Rs.2,992 per gram on the 24th, and remained unchanged over the course of the next three days.
• The threat of aggression from North Korea and flooding caused by Hurricane Harvey resulted in volatile markets. This led to a higher demand for bullion and gold was priced at Rs.3,017 per gram on the 28th.
• Gold finished at Rs.2,999 per gram on the 31st as demand diminished with improving dollar rates.

Gold rate trend in Aligarh for September 2017

• The precious metal traded at Rs.3,024 per gram when the month of September began in Aligarh.
• Global markets tanked after the news about North Korea’s thermonuclear weapon tests broke out. This pushed up safe-haven investments and gold prices rose to Rs.3,130 per kg on the 8th.
• Demand for the yellow metal dropped as the US markets strengthened over the weekend. This led to gold rates falling to Rs.3,085 per gram on the 12th.
• Gold rates in Agra rose marginally to Rs.3,094 per gram on the 13th, which dropped the next day to Rs.3,085 per gram due to reduced local demand.
• Demand for the metal fluctuated against the strengthening dollar and prices dropped further to Rs.3,056 per gram on the 19th.
• However, the US-North Korea conflicts pushed demand for safe-haven investments, which resulted in gold to be priced at Rs.3,078 per gram on the 20th. Another reason for the increase in rates was the imminent arrival of the festive season.
• The final week opened with the precious metal trading as low as Rs.3,051 per gram on the 25th and the US dollar was dominating over other apex currencies.
• However, the arrival of Dussehra pushed demand for the metal on the 26th, and gold was trading at RS.3,110 per gram.
• Demand dropped as the US dollar strengthened with the possibility of Fed rate hike resulting in gold prices to fall over the next few days.
• But, demand picked up slightly on the last day and the month ended with gold trading at Rs.3,063 per gram on the 30th.
• Aligarh witnessed an incline of 1.24% in gold rates over the course of the month.

Gold Rate Trend in Aligarh for April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
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	Incline	Decline	Decline
Change	0.66%	-0.49%	-0.66%

Trend of gold rate in Aligarh for April 2017

• When the month of April began in Aligarh, gold prices were recorded at Rs.2,991 per gram as demand remained more or less stable.
• Gold price in Aligarh 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 rate in Aligarh 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 Aligarh remained positive at 0.66%.

Trend of gold rate in Aligarh 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.
• Price of gold in Aligarh 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 in Aligarh trends decline at a rate of 0.49% as local demand fell while US dollar rallied.

Trend of gold rate in Aligarh 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, gold price in Aligarh 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.
• Rates 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 Aligarh fell at a rate of 0.66% in the month of June as bullion demand was sluggish in the local market.

Rate of Gold in Aligarh

The rate of the metal is directly proportional to the demand for it. So lower the rates, higher is the demand and vice versa. More and more customers wish to procure gold when the metal is priced at a lower value while the demand slackens with increasing price.

• 24 karat gold

  In Aligarh, 24 karat gold, as of 16^th March, 2016 traded at Rs.2940 per gram which amounts to Rs.29400 per 10 grams of the metal. Pure gold is the best form of gold for investment purposes. So coins, bullions etc. are procured by customers in the 24 karat variant. This is because 24karat pure (unforged gold sells at the current market price) whereas gold that has been tampered with to form different designs sells at a lower value after deduction of the making charges (especially applicable to gold jewelry).

• 22 karat gold

  22 karat is the most widely used gold for designing jewelry. This is because mixing another metal (reduced gold content) causes the metal to be stronger for being cast into various forms. 22 karat jewelry can be obtained from any of the jewelry shops across the city. The rate of 22 karat gold as of 16^th March 2016, was Rs.2740 per gram. This implies that 10 grams of 22 karat gold in Aligarh costs around Rs.27400.

Gold investment options in Aligarh

Gold can be invested in, in two ways. First is the age-old way of buying and keeping gold in its physical form and second is to invest in other more innovative and convenient instruments like gold ETFs or gold bonds. Let us take a look into each of these one by one.

• Financial Market

  The shine of the yellow metal continues to lure customers into buying it in all possible forms. While physical gold is good as a keepsake and for times of adversity, virtual gold is where most innovative investment options lie. Gold ETFs can be obtained from banks offering this financial instrument. These ETFs play on the current value of gold in the market and help customers invest in gold without even physically buying the metal. This is an easy and convenient option of investing in gold without taking the trouble to procure the metal in some physical form. Gold mutual funds are another financial instrument that are availed by the people of Aligarh. These funds invest in companies that are involved in gold mining. Gold is also traded in the futures and options market.

• Over the counter

  Over the counter gold can be procured from both jewelry shops as well as banks. While jewelry shops sell both gold jewelry pieces as well as gold coins and bullions, banks deal only with gold coins and bullions. Banks like ICICI, HDFC etc. vouch for the purity of their gold coins and offer it as an excellent investment option. Gold in various forms is also an expensive but ideal gifting article. Most weddings and birthdays are incomplete in India without the exchange of this precious metal.