Gold Rate In Ambala

*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.

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 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,844 per gram	Rs.2,978 per gram	Rs.3,009 per gram
Last day	Rs.2,958 per gram	Rs.3,020 per gram	Rs.2,991 per gram
Highest price	Rs.2,979 per gram on 24th and 25th of January	Rs.3,031 per gram from 25th February to February 27th	Rs.3,009 per gram on the 1st and 2nd of March
Lowest price	Rs.2,844 per gram from 1st January to 3rd February	Rs.2,957 per gram from 4th February to 6th February	Rs.2,950 per gram on 15th March
Trend	Incline	Incline	Decline
Change	4%	1.41%	-0.59%

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 in Ambala for October 2016 to December 2016 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,205 per gram	Rs.3,099 per gram	Rs.2,893 per gram
Last day	Rs.3,099 per gram	Rs.2,941 per gram	Rs.2,844 per gram
Highest price	Rs.3,119 per gram on 5th October	Rs.3,213 per gram on 5th November and 6th November	Rs.2,893 per gram on 1st and 2nd December
Lowest price	Rs.3,088 per gram from the 6th of October to the 25th of October	Rs.2,929 per gram from 25th November to 27th November	Rs.2,800 per gram from 23rd December to 28th December.
Trend	Decline	Decline	Decline
Change	-3.16%	-5.3%	-1.72%

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 in Ambala for July 2016 to September 2016 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,167 per gram	Rs.3,219 per gram	Rs.3,184 per gram
Last day	Rs.3,219 per gram	Rs.3,205 per gram	Rs.3,217 per gram
Highest price	Rs.3,227 per gram from 7th to 9th July	Rs.3,248 per gram on 4th and 10th August	Rs.3,228 per gram from 7th to 12th September
Lowest price	Rs.3,163 per gram on 22nd July	Rs.3,205 per gram from 26th to 31st August	Rs.3,184 per gram on 1st and 2nd September
Trend	Incline	Slight decline	Incline
Change	+1.64%	-0.43%	+1.04%

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 in Ambala for April 2016 to June 2016 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs. 2,943 per gram	Rs. 3,119 per gram	Rs.2,950
Last day	Rs. 3,119 per gram	Rs. 2,960 per gram	Rs.3,167
Highest price	Rs.3,119 per gram on 30th of April	Rs. 3,120 per gram on 7th, 8th and 9th of May	Rs.3,182 per gram on 28th - 29th June
Lowest price	Rs. 2,933 per gram on 5th of April	Rs. 2,960 per gram on the 28th, 29th, 30th and 31st of May	Rs.2,950 per gram on 2nd - 5th June
Trend	Rising	Decline	Rise
Change	Rs. 176 per gram	Rs. 159 per gram	7.35%

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 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

Gold Rate In Chandigarh	Gold Rate In Gurgaon	Gold Rate In Faridabad
Gold Rate In Hisar	Gold Rate In Karnal	Gold Rate In Delhi