*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Gold price in 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.
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.
Trend of Gold Rate in Ambala for August 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
August 1 Rate
|
Rs.5,481 per gram |
|
August 31 Rate
|
Rs.5,250 per gram |
| Highest Rate in August |
Rs.5,749 per gram on 8 August |
| Lowest Rate in August |
Rs.5,234 per gram on 27 and 28 August |
|
Overall Performance
|
Decline |
| Percentage Change |
-4.21% |
Trend of Gold Rate in Ambala for July 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
July 1 Rate
|
Rs.4,946 per gram |
|
July 30 Rate
|
Rs.5,439 per gram |
| Highest Rate in July |
Rs.5,439 per gram on 31 July |
| Lowest Rate in July |
Rs.4,925 per gram on 7 July |
|
Overall Performance
|
Incline |
| Percentage Change |
9.96% |
Trend of Gold Rate in Ambala for June 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
June 1 Rate
|
Rs.4,799 per gram |
|
June 30 Rate
|
Rs.4,961 per gram |
| Highest Rate in June |
Rs.4,961 per gram on 30 June |
| Lowest Rate in June |
Rs.4,725 per gram on 8 June |
|
Overall Performance
|
Incline |
| Percentage Change |
3.37% |
Trend of Gold Rate in Ambala for May 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
May 1 Rate
|
Rs.4,699 per gram |
|
May 31 Rate
|
Rs.4,799 per gram |
| Highest Rate in May |
Rs.4,883 per gram on 18 and 19 May |
| Lowest Rate in May |
Rs.4,646 per gram on 2 May |
|
Overall Performance
|
Incline |
| Percentage Change |
2.13% |
Trend of Gold Rate in Ambala for April 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
March 1 Rate
|
Rs.4,253 per gram |
|
March 31 Rate
|
Rs.4,761 per gram |
| Highest Rate in March |
Rs.4,846 per gram on 29 April |
| Lowest Rate in March |
Rs.4,253 per gram from 1 - 20 April |
|
Overall Performance
|
Incline |
| Percentage Change |
11.94% |
Trend of Gold Rate in Ambala for March 2020 (rates per gram for 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
March 1 Rate
|
Rs.4,274 per gram |
|
March 31 Rate
|
Rs.4,253 per gram |
| Highest Rate in March |
Rs.4,536 per gram on 7 March |
| Lowest Rate in March |
Rs.4,111 per gram on 20 March |
|
Overall Performance
|
Decline |
| Percentage Change |
-0.49% |
Trend of Gold Rate in Ambala for February 2020 (rates per gram for 24 karat gold)
| Parameter |
Gold price (24 karat) |
| February 1 Rate |
Rs.4,169 per gram |
| February 29 Rate |
Rs.4,368 per gram |
| Highest Rate in February |
Rs.4,394 per gram on 25 and 26 February |
| Lowest Rate in February |
Rs.4,116 per gram on 7 February |
| Overall Performance |
Incline |
| Percentage Change |
4.77% |
Trend of Gold Rate in Ambala for January 2020 (rates per gram for 24 karat gold)
| Parameter |
Gold price (24 karat) |
| January 1 Rate |
Rs.3,995 per gram |
| January 31 Rate |
Rs.4,169 per gram |
| Highest Rate in January |
Rs.4,211 per gram on 9 January |
| Lowest Rate in January |
Rs.3,995 per gram on 1 January |
| Overall Performance |
Incline |
| Percentage Change |
4.35% |
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
Also Check Gold Price in NearBy Cities of Ambala
