Gold Rate In Ambala

Gold Rate Trend for Ambala in January 2017

• Gold opened the trading for January 2017 at Rs.2,844 per gram.
• A healthy demand for the precious metal saw the price of Gold marginally rise to trade at Rs.2,855 per gram on January 4th and rising even further to trade at Rs.2,866 per gram from the 5th of January to the 9th.
• Thanks to an increase in the demand and a weakening US Dollar, as the third week of January progressed, the rate of gold continued to rise with marginal fluctuations.
• On the 24th of January, gold traded at Rs.2,979 per gram which was the highest at which gold traded at for the month.
• Sustained demand and global trends saw Gold remain stable at Rs.2,979 per gram on January 25th.
• Gold closed January’s trade at Rs.2,958 per gram, recording a rise of 4% in the rate of gold.

Gold Rate Trend for Ambala in February 2017

• Gold opened the month of February’s trading at Rs.2,978 per gram on the 1st of February, this price was sustained till the 3rd of February.
• A better performing US Dollar saw Gold prices slip to Rs.2,957 per gram between the 4th of February and 6th of February.
• Due to sustained high demand in the domestic market, the rate of gold shot up to Rs.3,009 per gram on the 8th of February and stayed at this rate until the 10th of February before declining again.
• The price of gold was steady at Rs.2,999 per gram from the 18th of February to the 24th of February due to steady demand.
• Gold closed the month of February in Ambala by trading at Rs.3,020 per gram recording an incline of 1.41% in the rate of gold.

Gold Rate Trend for Ambala in March 2017

• Gold opened the trading for the month of March at Rs.3,009 per gram on the 1st of March and sustained this price till the 2nd of March.
• A slump in domestic demand for Gold saw it slip to Rs.2,990 per gram on March 3rd, this price was sustained till March 6th.
• Due to the impact of the Dutch elections as well as the U.S. Fed’s decision regarding the rate of interest, the price of gold plunged to a monthly low of Rs.2,950 per gram on the 15th of March.
• Prevailing low prices caused an increase in demand for Gold, allowing it to climb to Rs.2,976 per grams on March 21st.
• The rate of gold fluctuated between Rs.3,003 per gram and Rs.2,993 per gram between the 22nd of March and 26th of March, before steadily trading at Rs.3,003 per gram from the 27th of March to the 30th of March.
• As the month came to an end, gold traded at Rs.2,991 per gram recording a decline of 0.59% in the price of gold.

Gold Rate Trend for Ambala in October 2016

• Gold opened on 1st October at Rs.3,205 per gram. Due to a sustained demand, the rate of gold remained the same for the next three days before shooting up to Rs.3,119 per gram on the 5th of October which was also the highest rate at which gold traded at for the month.
• However, rate of gold reduced to Rs.3,088 per gram for 24 carat gold the next day. This could be attributed to fluctuating demands globally which was reflected in India.
• The above price was sustained until 25th of October. It is not very often that the rate of gold is as steady as it was for the month of October. Bt stable demand in the country could be a responsible factor for this.
• 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 Ambala in November 2016

• The price of gold was Rs.3,099 per gram on the first day of the month and started rising from the next day itself. Usually a high demand results in a rise in gold rates. Ongoing wedding season in India resulted in the increase of gold rates.
• Gold was priced at Rs.3,150 per gram on the second and third day of November and increased some more the next day to trade at Rs.3,192 per gram.
• Rate of gold shot up to 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.
• This precious metal traded at Rs.3,211 per gram in the aftermath of the demonetisation announcement and stayed there for a couple of days before reducing again.
• From the 11th of November to the 16th of November, gold was steady at Rs.3,071 per gram.
• 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 October. A number of factors contributed to a decline of 5.3% in the price of gold.

Gold Rate Trend for Ambala in December 2016

• On the 1st of December, the price of gold was Rs.2,893 per gram and was the same the next day as well.
• On 3rd December, gold was priced at Rs.2,887 per gram and continued until the 7th after which a slight rise was noted in the price of gold.
• Until the 14th of December, the price of gold was steady at Rs.2,864 per gram after which the price of gold declined again to trade at Rs.2,822 per gram until the 22nd of December.
• Gold at Rs.2,800 per gram during the final week of December which was also the lowest rate at which gold traded at for the entire month.
• Gold traded at Rs.2,844 per gram on 31st December, recording a decline of 1.72% due to low demand.

Gold Rate Trend of Ambala in July 2016

• Amid the dust of the Brexit vote, expectations of the central banks providing monetary support grew strong.
• Gold traded at Rs.3,167 per gram on 1st July.
• Demand for the metal started to rise lending support to gold rates.
• The highest price for this month was Rs.3,227 per gram on 7th to 9th July on account of high demand in the global and domestic market.
• The U.S. released strong non-farming payroll data which led to rising expectations of a Fed rate hike.
• The demand for gold fell and the gold rate reached its lowest for the month on 22nd July, trading at Rs.3,163 per gram.
• There was an incline of 1.61% in gold rates this week.

Gold Rate Trend of Ambala in August 2016

• Gold traded at Rs.3,219 per gram on 1st August.
• The highest rate for the month was on 4th August at Rs.3,248 per gram.
• The U.S. Federal Reserve raised expectations of a rate hike this month as the U.S. economic data was positive.
• Demand for gold fell amid a bearish global market.
• The trend for this month was a decline of 0.43%.

Gold Rate Trend of Ambala in September 2016

• Strong expectations of the Fed rate hike continued into the month of September and kept gold prices low.
• Gold traded at Rs.3,184 per gram on 1st and 2nd September which was the lowest price for this month.
• The U.S. Federal Reserve took a decision to postpone the rate hike to December as the presidential elections were too close.
• Investors and buyers emerged in the gold market again turning sentiments bullish.
• The trend for this month was an incline of 1.04%.

Gold Rate Trend of Ambala in April 2016

• Gold prices were recorded at Rs. 2,943 per gram on the first of April.
• Prices fluctuated during the month as marginal declines were written off by small gains.
• Prices remained stable for short period of time during the month, but ended the month recording an increase of Rs.176 in comparison with the start of the month.

Gold Rate Trend of Ambala in May 2016

• There were no major changes in demand and gold prices remained unchanged at Rs. 3,119 per gram for the first three days of May after which a slight decline was followed by a marginal rise.
• Gold prices were constant for several days in succession, with minor changes being recorded on certain days.
• By the end of the month, gold prices had declined by Rs.159 from the levels recorded on the first day of the month.

Gold Rate Trend of Ambala in June 2016

• Gold hit extremely low rates in the beginning of June falling from its high status in May.
• The air of uncertainty loomed amidst the Brexit polls leading to prices falling as low as Rs.2,950 per gram.
• Gold prices slowly climbed owing to its safe haven appeal and domestic demand.
• The month closed with a 7.35% increase at Rs.3,167.

Gold Rate Trend of Ambala in January 2016

• Gold traded at Rs. 2,585 per gram on the 1st of January and remained unchanged for the next few days.
• The highest rate of gold in the month of January was recorded on the 28th^th at Rs. 2,772 per gram.
• Prices fluctuated during the month and gold traded at Rs. 2,756 per gram on the last day of the month.

Gold Rate Trend of Ambala in February 2016

• Gold traded at Rs. 2,756 per gram on the 1st of February as there were no changes in demand or international and domestic events to affect prices.
• Gold prices rose up to steadily over the course of the month with marginal losses being overshadowed by subsequent gains.
• The highest price in the month of February was recorded on the 26th when the value of the precious metal rose to Rs.3,019 per gram.

Gold Rate Trend of Ambala in March 2016

• Gold prices remained unchanged at Rs. 3,030 per gram for the entirety of the first two weeks of March.
• Gold price witnessed a decline over the course of the month as prices fell for the first three days of the third week before gaining marginally in the days that followed.
• Gold prices recorded gains on the 18th of March and remained constant until the 24th when they rose again by Rs.50 to remain steady for the remainder of the month.
• Although prices remained constant for long periods of time during the month, there was an overall decline of Rs.82 between the first and last day of March.