Gold Rate In Ambala

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Located in the state of Haryana, Ambala city is the municipal corporation of the Ambala District and lies close to the border of Punjab and Haryana. This city is also known as the twin city since its bifurcated into Ambala city and Ambala Cantonment. Founded by the Rajputs, Ambala has become a major hub for the defence forces and is home to the one of the country’s oldest airforce base. Economically Ambala thrives with its rich cloth and fabric market and is also a well renowned centre for manufacturing of scientific apparatus such as microscopes and other scientific equipment and is also known as the city of scientific apparatus. The city is also well connected to other major cities of North India.

Gold price in Ambala

Gold rates are dynamic in nature and vary not just on a daily basis for the country but also varies from city to city. This variation or fluctuation in prices is a product of taxes and other overhead costs incurred by the jewellers which varies according to the economic policies set forth by each state government. Another major reason for price fluctuation is the quality of gold in question. 24 karat gold having the highest gold purity is the most expensive form of gold with 22 karat coming in next followed by 18 karat. The prices of 24 karat gold and 22 karat gold in Ambala are as follows

24 karat gold – The purest form of gold from the lot, 24 karat gold has a purity content of 99.9% making it the most expensive form of gold and also the most lucrative form of gold as an investment. The price of 1 gram of 24 karat gold in Ambala is Rs 2991 as of 9^th March 2016. The gold rates across India had seen a drop in 2015 and it was a good time to buy gold as an investment but gold prices are expected to rise in 2016 in the coming months and more so in the next few days

22 karat gold – second in line is 22 karat gold with a lower purity content of 92%. This form of gold is still widely purchased since the impurities in it consist of other metals that make the gold malleable and a good candidate for use in ornamental jewellery. The price of 22 karat gold is Rs 2795 per gram of gold as of 9^th march 2016. The prices of 22 karat gold also saw a drastic drop in 2015 but is expected to rise in the coming months of 2016.

Gold Rate Trend in Ambala 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 - 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 Ambala for January 2018:

• In Ambala, gold rates were on the incline over all three months of Q1 2018 - thanks to steady demand from the local market.
• Gold opened at Rs.3,010 per gram in the Haryana city when trading commenced for the month of January.
• For the next two days, gold continued to trade at Rs.3,010 per gram - which was the month’s lowest rate.
• There were better days to come for gold, which it did, as demand soared amid a weak US dollar and an improved demand.
• Fluctuations in gold prices were the norm for the first three to four weeks of the month as demand, although on the rise, was still uneven.
• A significant rise in demand was recorded during the week of the Republic Day and gold rates hit some new heights.
• On the 24th and the 25th, gold rates in Ambala rose to Rs.3,120 per gram - which was the month’s highest figure.
• When the month drew to a close, gold was seen trading at Rs.3,066 per gram - a Rs.56 improvement compared to the first day’s rates.
• A 1.19% incline in price trends were recorded this month, thanks to a sudden rise in demand towards the penultimate week.

Gold Rate Trend in Ambala for February 2018:

• The yellow metal’s rates had risen to Rs.3,077 per gram - a Rs.11 increase - as a change in overnight trading positions pushed gold prices up.
• This month - like the previous one - recorded a hike in gold rates as demand remained largely consistent amid favourable marketing conditions.
• Gold prices in Ambala remained steady for the first week before dipping considerably during the second week.
• It was then that gold recorded the lowest figure of this month - Rs.3,035 per gram - on the 9th of February - as the US dollar showed some improvement.
• From the 10th onwards, gold rates were vastly on the rise as demand went up owing to strong global cues.
• The Valentine’s day weekend also helped contribute to the rise in demand as sales seemed to be reinvigorated.
• Gold traded at its highest for the month on the 18th and the 19th - at Rs.3,161 per gram - as demand reached a high point.
• Prices, however, consolidated over the subsequent days as demand went dropped amid poor sales.
• The month came to an end with gold trading at Rs.3,129 per gram. All in all, a 1.68% change in price trends were recorded this month.

Gold Rate Trend in Ambala for March 2018:

• When the month of March opened for trading, gold was priced at Rs.3,113 per gram - a slight drop from the previous day’s rates.
• Gold prices inclined this month as well, but not at the same rate like it did over the previous two.
• The yellow metal traded mostly in the Rs.3,100 per gram range for much of the first three weeks, owing to steady demand before dropping as the fourth week commenced.
• On the 19th and 20th, gold traded at Rs.3,098 per gram - the month’s lowest rates - due to weakened local demand.
• The next week witnessed a surge in gold prices with the 25th and the 26th recording a monthly high figure of Rs.3,171 per gram.
• Demand dipped towards the final few days of the month as investors remained hesitant and sales remained weak.
• On the final day of March 2018, gold was seen trading at Rs.3,134 per gram.
• Gold rates in Ambala inclined by 0.67% this month, which was made possible by a sudden rise in demand during the final few days.

Gold Rate Trend in Ambala 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 Ambala 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 prices in Ambala 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 prices 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.
• Gold rate in in Ambala declined by 1.20% this month due to lower-than-expected festive season demand.

Gold Rate Trend in Ambala for November 2017:

• Gold price in Ambala 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 Ambala 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 prices 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 Ambala for December 2017:

• Gold rates in Ambala 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.
• The remaining days of the month saw gold rate in Ambala 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 Ambala for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.2,992per 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%	1.27%

Gold rate trend in Ambala for July 2017

• The month of July began with gold trading at Rs.2,992 per gram, the highest recorded monthly figure in Ambala.
• Dollar rates fell soon after the global central banks’ meeting on monetary tightening was held.
• However, gold prices in Ambala 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 Ambala.
• The Trump scandal took centre stage and sent the US dollar collapsing. This led to gold rates in Ambala rising to Rs.2,863 per gram on the 14th.
• A weak US dollar resulted in a 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, prices 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 in Ambala falling to Rs.2,950 per gram on the 31st.
• Ambala witnessed gold trade declining at -1.41% over the course of the month.

Gold rate trend in Ambala for August 2017

• Gold opened in Ambala trading at Rs.2,960 per gram on the 1st of August.
• Investors and retailers suspended purchases with the possibility of a new interest rate hike by the US Federal Reserve, and prices dropped to Rs.2,930 per kg on the 3rd.
• Reduced but steady domestic demand resulted in the metal trading at Rs.2,930 per gram on the 5th as well.
• With tensions rising between the US and North Korea, the US dollar weakened and prices surged to Rs.2,974 per gram on the 10th.
• Global markets tanked as North Korea threatened the US with a nuclear war. This led to a rise in safe-haven investments around the world and increasing gold prices to Rs.2,999 per gram on the 11th.
• The precious metal traded at Rs.2,994 per gram on the 15th, as commodity markets remained mostly idle on Independence Day.
• The continued aggression between the US and North Korea pushed up gold prices again, and the metal was priced at Rs.2,999 per gram on the 18th.
• Demand for the metal subsided globally and gold was trading at Rs.2,982 per gram on the 19th.
• US-North Korean conflicts intensified and safe-haven investments rose both globally as well as domestically. This resulted in gold rates in Ambala rising to Rs.2,992 per gram on the 24th.
• In addition, with Hurricane Harvey having taken its toll on the US economy, demand for the metal surged with the fall of the US dollar. This led to gold being priced at Rs.3,017 per gram on the 28th.
• Demand reduced over the next few days and the yellow metal was recorded trading at Rs.2,999 per gram when the month ended.

Gold rate trend in Ambala for September 2017

• The precious metal traded at Rs.3,024 per gram when the month of September began in Ambala.
• 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 in Ambala falling to Rs.3,085 per gram on the 12th.
• Gold rates in Ambala 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 in Ambala 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.
• Ambala witnessed an incline of 1.24% in gold rates over the course of the month.

Gold Rate Trend in Ambala 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 Ambala for April 2017

• In Ambala, gold trading began on the first of April at Rs.2,991 per gram.
• As the US dollar rate went down, gold prices hit Rs.3,003 per gram.
• During the first week, international demand for the metal went up as the US market endured some routine fall.
• 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.
• Gold price in Ambala 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 Ambala remained positive at 0.66%.

Trend of gold rate in Ambala 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 price in Ambala 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.

Trend of gold rate in Ambala 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.
• 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 investment avenues in Ambala

Gold investment goes back to the times gold was considered as precious and since that’s still the case, it comes as no surprise that even today among the plethora of investment avenues available, gold is still a sought after investment due to its property of not diminishing in the face of inflation. Gold for many is considered as a safe haven for investment and hence many people purchase the precious metal especially during times auspicious events.

Over-the-counter – Among the easiest methods of procuring gold is over the counter. Would be investors can simply purchase the precious metal over the counter from various retailers and jewellers spread across Ambala. The banks also provide investment avenues for gold which makes the purchase and investment simplified. The popular forms of gold purchases are gold coins and bars that are often purchased for investment purposes and ornamental gold jewellery such as bangles, chain and ear-rings that are purchased on auspicious events or in lieu of celebrating a particular occasion.

Market trade – This form of investment which involves heavy buying and selling of gold like the equity market is yet to take off in Ambala. Market trade still in its early stages, investors can utilize avenues of market exchange such as gold futures or gold ETFS and can also use the Mumbai Stock Exchange or the National Stock Exchange to trade in gold. The market trade requires the investor to put in some amount of time and effort to truly understand the process and invest efficiently

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