Gold Rate In Assam

  • Today's Gold Rate in Assam ( 23 Sep 2021 )

    ₹ 4,560
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Assam (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,560 ₹ 4,525 ₹ 35 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,480 ₹ 36,200 ₹ 280 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,788 ₹ 4,751 ₹ 37 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,304 ₹ 38,008 ₹ 296 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Sep 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    21 Sep 2021 ₹ 4,525 ₹ 36,200 ₹ 4,751 ₹ 38,008
    20 Sep 2021 ₹ 4,505 ₹ 36,040 ₹ 4,730 ₹ 37,840
    19 Sep 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    18 Sep 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    17 Sep 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    16 Sep 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    15 Sep 2021 ₹ 4,605 ₹ 36,840 ₹ 4,835 ₹ 38,680
    14 Sep 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    13 Sep 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432

    Weekly & Monthly Graph of Gold Rate in Assam

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    *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 Rate in Assam

    Assam, the land of tea and forests is a state with a rich cultural heritage and background. While it might be small in size, it forms an integral part of India, offering a new perspective to life in the hills. Home to some major towns and cities in the northeast, Assam has always been viewed as a prosperous place, one conducive for investments and business. Gold is intrinsic to the culture of Assam, occupying a place in the hearts and souls of residents here. Gold rates in Assam generally mimic the economic conditions prevalent in the country, which in turn are impacted by international market scenarios.

    Gold continues to be viewed as an excellent investment opportunity here, making it a favourite purchase during festivals like Diwali and Dhanteras.

    Trend of Gold Rate in Assam for August 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.4,909 per gram
    August 31 Rate Rs.4,835 per gram
    Highest Rate in August Rs.4,909 per gram on 1st and 2nd August
    Lowest Rate in August Rs.4,736 per gram on 9th 10th, and 11th August
    Overall Performance Decline
    Percentage Change -3.52%

    Trend of Monthly Gold Rate in Assam for August 2021:

    • Gold price in Assam opened the month of August at Rs.4,909 per gram. It was the highest recorded price for the month in the northeastern state.
    • Over the month, the rate of the yellow metal witnessed a lot of fluctuations. While the opening price of the bullion was the highest, the lowest was recorded on 9th August when a gram cost Rs.4,736.
    • Gold closed the month at Rs.4,835 per gram in Assam. The overall performance of the yellow metal in the state witnessing a declining trend with the percentage change standing at -3.52%.

    Trend of Gold Rate in Assam for July 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,809 per gram
    July 31 Rate Rs.4,909 per gram
    Highest Rate in July Rs.4,935 per gram on 16, 20, and 30 July
    Lowest Rate in July Rs.4,809 per gram on 1 July
    Overall Performance Incline
    Percentage Change 2.08%

    Trend of Monthly Gold Rate in Assam for July 2021:

    • Price of gold in Assam opened the month of July at Rs.4,809 per gram. It was the lowest recorded price of the precious metal for the month.
    • The rate of the yellow metal witnessed a lot of fluctuations in the city over the month. Gold recorded its highest price for the month for the first time on 16th July before hitting that mark again on 20th and 30th July. On the mentioned dates, a gram of 24-karat gold cost Rs.4,935.
    • Gold closed the month at Rs.4,809 per gram in Assam with the overall performance witnessing an inclining trend. The percentage change recorded in the rates stood at 2.08%.

    Trend of Gold Rate in Assam for June 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.5,019 per gram
    June 30 Rate Rs.4,788 per gram
    Highest Rate in June Rs.5,057 per gram on 20 June
    Lowest Rate in June Rs.4,788 per gram on 30 June
    Overall Performance Decline
    Percentage Change -4.60%

    Trend of Monthly Gold Rate in Assam for June 2021:

    • In Assam, gold prices in June started off at Rs.5,019 per gram and fluctuated through the rest of the month along with global and national trends.
    • The highest rate for gold in Assam was on 20 June at Rs.5,057 per gram after which prices steadily decreased.
    • Gold rates in Assam hit the lowest price point for the month of June on 30 June at Rs.4,788 per gram.
    • The overall performance of the yellow metal in Assam in June was on a decline with a percentage change of –4.60% throughout the month which was in keeping with the rest of the country too.

    Trend of Gold Rate in Assam for May 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,770 per gram
    May 31 Rate Rs.4,998 per gram
    Highest Rate in May Rs.4,998 per gram on 31 May
    Lowest Rate in May Rs.4,770 per gram on 1 May
    Overall Performance Incline
    Percentage Change 4.78%

    Trend of Monthly Gold Rate in Assam for May 2021:

    • The gold rate in Assam opened at the rate of Rs.4,770 per gram for the month of May 2021. The prices of the yellow metal fluctuated throughout the month.
    • The precious metal had recorded the lowest price during the month on 1 May 2021 wherein it was being traded at the rate of Rs.4,770 per gram. The yellow metal closed the month standing at the rate of Rs.4,998 per gram which was also the highest recorded price point.
    • There was an overall increase of 4.78% in the performance of gold during the month in Assam.

    Trend of Gold Rate in Assam for April 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,465 per gram
    April 30 Rate Rs.4,767 per gram
    Highest Rate in April Rs.4,854 per gram on 23 April
    Lowest Rate in April Rs.4,465 per gram on 1 April
    Overall Performance Incline
    Percentage Change 6.7%

    Trend of Monthly Gold Rate in Assam for April 2021:

    • In Assam, the month of April opened with gold price standing at the rate of Rs.4,465 per gram.
    • The price of gold in Assam witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,854 on 23 April.
    • Gold prices in Assam recorded its lowest for the month on 1 April when a gram of the 24-karat gold was being traded for Rs.4,465. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 6.7%.

    Trend of Gold Rate in Assam for March 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,642 per gram
    March 31 Rate Rs.4,461 per gram
    Highest Rate in March Rs.4,912 per gram on 30 March
    Lowest Rate in March Rs.4,461 per gram on 31 March
    Overall Performance Decline
    Percentage Change –3.90%

    Trend of Monthly Gold Rate in Assam for March 2021:

    • Gold rates in Assam opened at Rs.4,642 per gram for 24 karat gold in the state of Assam.
    • Prices of gold in Assam were on an incline through the month, hitting the highest rate on 30 March at Rs.4,912 per gram.
    • However, the gold rate in the state suddenly plunged the very next day to hit the lowest rate for the month at Rs.4,461 per gram on 31 March.
    • The sudden and significant dip in gold prices caused the overall performance of gold in Assam to be on a decline with a percentage change of –3.90%.

    Trend of Gold Rate in Assam for February 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,983 per gram
    February 28 Rate Rs.4,637 per gram
    Highest Rate in February Rs.4,988 per gram on 4 February
    Lowest Rate in February Rs.4,637 per gram on 27 February and 28 February
    Overall Performance Decline
    Percentage Change 6.94%

    Trend of Monthly Gold Rate in Assam for February 2021:

    • In Assam, the month of February opened with gold price standing at the rate of Rs.4,983 per gram.
    • The price of gold in Assam witnessed a fluctuating trend in the city over the next few days. The highest price for the month when a gram was retailing for Rs.4,988 on 4 February.
    • Gold prices in Assam recorded its lowest for the month on 27 February and 28 February when a gram of the 24-karat gold was being traded for Rs.4,637.

    Trend of Gold Rate in Assam for January 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.5,068 per gram
    January 31 Rate Rs.4,977 per gram
    Highest Rate in January Rs.5,103 per gram on 8 January
    Lowest Rate in January Rs.4,925 per gram on 29 January
    Overall Performance Decline
    Percentage Change -1.79%

    Trend of Monthly Gold Rate in Assam for January 2021:

    • Prices of gold in Assam for the month of January 2021, opened at the rate of Rs.5,068 per gram. It closed the month standing at the rate of Rs.4,977 per gram.
    • The highest price of the yellow metal was recorded on 8 January 2021 where it stood at the rate of Rs.5,103 per gram. The lowest price recorded for the month was Rs.4,925 per gram. This was recorded on 29 January 2021.
    • The overall performance of the precious metal witnessed a decline of –1.79% during the month.

    Trend of Gold Rate in Assam for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate Rs.5,372 per gram
    December 31 Rate Rs.5,067 per gram
    Highest Rate in December Rs.5,398 per gram on 9 December
    Lowest Rate in December Rs.4,973 per gram on 11 December
    Overall Performance Decline
    Percentage Change -5.67%

    Trend of Monthly Gold Rate in Assam for December 2020:

    • Gold price in Assam opened at the rate of Rs.5,372 per gram on 1 December following which it witnessed an declining trend during the month.
    • The gold rates in Assam witnessed fluctuations throughout the month. The highest price of the precious metal was recorded on 21st December 2020 wherein it was being traded at the rate of Rs.5,398 per gram for 24k gold. The lowest recorded price was Rs.4,973 per gram which was recorded on 11th December 2020.
    • The overall performance of the precious metal witnessed a decrease of –5.67% during the month of December in Assam.

    Trend of Gold Rate in Assam for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,252 per gram
    November 30 Rate Rs.5,372 per gram
    Highest Rate in November Rs.5,372 per gram on 31 November
    Lowest Rate in November Rs.5,252 per gram on 1 November
    Overall Performance Decline
    Percentage Change 2.28%

    Trend of Monthly Gold Rate in Assam for November 2020:

    • Gold prices in Assam started off at 5,252 per gram and continued at the same price point for the first few days of the first week. Co-incidentally this was also the lowers rate recorded by the yellow metal for the month of November.
    • the price of gold in Assam continued to show an upward trend throughout the month, hitting the highest price on 31 November at Rs.5,372 per gram.
    • Gold prices in Assam continued to rise every weak steadily for the third week as it moved towards achieving its highest rate on the last day of the month.
    • The overall performance of prices of gold in Assam showed an upward trend and rose 2.28% throughout the month.

    Trend of Gold Rate in Assam for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate Rs.5,174 per gram
    October 31 Rate Rs.5,251 per gram
    Highest Rate in October Rs.5,253 per gram on 23 October
    Lowest Rate in October Rs.5,174 per gram on 1 October
    Overall Performance Incline
    Percentage Change 1.48%

    Trend of Monthly Gold Rate in Assam for October 2020:

    • Gold price in Assam opened the month of October at Rs.5,174 per gram. When compared to the closing price of the previous month, the price of the yellow metal was up by Rs.7 for every gram. The opening price of the yellow metal was the lowest for the month.
    • The price of the precious metal climbed gradually in the northeastern state of the country and recorded its highest price for the month on 23rd October when a gram of the 24-karat gold was retailed for Rs.5,253.
    • Gold price dropped to Rs.5,222 per gram on 24th October before recovering again. It closed the month at Rs.5,251 per gram with the overall performance witnessing an inclining trend. The percentage change recorded in the rates stood at 1.48%.

    Trend of Gold Rate in Assam for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,293 per gram
    September 30 Rate Rs.5,167 per gram
    Highest Rate in September Rs.5,647 per gram on 25 September
    Lowest Rate in September Rs.5,163 per gram on 28, 29 September
    Overall Performance Decline
    Percentage Change -2.28%

    Trend of Monthly Gold Rate in Assam for September 2020:

    • The price of gold in Assam in September started at Rs.5,293 per gram with prices continuing to peak throughout the first, second, and third weeks.
    • Gold rate in Assam reached a high of Rs.5,647 per gram on 25 September. This was due to the easing of the US dollar and anticipation a week ahead of the US Presidential debate.
    • After the third week, the gold price in Assam started declining steadily due to the US dollar becoming stronger, hitting the lowest gold rate in Ahmedabad for the month on 28 and 29 September, which was Rs.5,163 per gram.
    • By the end of the month, gold rate in Assam had settled at Rs.5,167 per gram with the overall performance for the month of September for gold in Assam being on a decline of –2.28%.

    Trend of Gold Rate in Assam for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,078 per gram
    August 31 Rate Rs.5,562 per gram
    Highest Rate in August Rs.5,562 per gram on 31 August
    Lowest Rate in August Rs.4,640 per gram on 5 August
    Overall Performance Incline
    Percentage Change 9.53%

    Trend of Monthly Gold Rate in Assam for August 2020:

    • The gold price in Assam at the start of the month was Rs.5,078 per gram but closed at a much higher rate of Rs.5,562 per gram.
    • The highest rate in August was also on the last day of the month while the lowest price was in the first week at Rs.4,640 per gram.
    • The overall performance of gold in Assam was on an incline of 9.53%. The weakening dollar and the coronavirus impact on the economy lead investors to depend more on gold as a safe-haven investment with the stock market also being currently volatile with tensions between the US and China over trade.

    Trend of Gold Rate in Assam for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,936 per gram
    July 31 Rate Rs.5,076 per gram
    Highest Rate in July Rs.5,076 per gram on 31 July
    Lowest Rate in July Rs.4,936 per gram on 1 July
    Overall Performance Incline
    Percentage Change 2.83%

    Trend of Monthly Gold Rate in Assam for July 2020:

    • Gold price in Assam opened the month of July at Rs.4,936 per gram. The rate of gold was up by Rs.6 when compared to the price charged on the final day of the previous month.
    • Over the month, gold rates witnessed an inclining trend in the northeastern state. The increase in the rates saw the yellow metal record its highest price for the month on 31st July with a gram costing Rs.5,076.
    • With the incline in the rates, gold price recorded a percentage change of 2.83% in the state.

    Trend of Gold Rate in Assam for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,835 per gram
    June 30 Rate Rs.4,930 per gram
    Highest Rate in June Rs.4,930 per gram on 30 June
    Lowest Rate in June Rs.4,835 per gram on 1 June
    Overall Performance Incline
    Percentage Change 1.96%

    Trend of Monthly Gold Rate in Assam for June 2020:

    • In Assam, gold opened the month of June at Rs.4,835 per gram. This was the lowest recorded price of the metal for the month. The rate of the yellow metal witnessed an inclining trend in the state.
    • The increase in the rates was accounted to more demand for the safe-haven metal. The increased demand was due to rising tensions between a number of states and poor economic data in the United States of America.
    • Gold closed the month at Rs.4,930 per gram in the state. The closing price of the metal was the highest recorded price for the month. The percentage change recorded in the rates was 1.96%.

    Trend of Gold Rate in Assam for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,745 per gram
    May 31 Rate Rs.4,832 per gram
    Highest Rate in May Rs.4,832 per gram on 31 May
    Lowest Rate in May Rs.4,745 per gram on 1 May
    Overall Performance Incline
    Percentage Change 1.83%

    Trend of Monthly Gold Rate in Assam for May 2020:

    • Gold opened at the rate of Rs.4,699 per gram for 24 karats in the month of May in Shimla. This happened as the appeal for safe-haven investments went up and risk sentiments kept on intensifying between Washington and China and the threat of new trade tariffs being imposed on China by the US. However, as the week started advancing, the price of the yellow metal started witnessing a drop. It had hit the lowest price point during the month and stood at the rate of Rs.4,646 per gram on 2 May. This was in response to risk sentiments which kept soaring after the restrictions during the lockdown were relaxed due to the coronavirus pandemic. With economic activities struggling to get back to normal, the appeal of safe haven investments seemed to be dimming after a long gap.
    • The yellow metal continued to hold steady in the second week of May wherein it stood at the closing rate from the previous week. The economic condition of countries across the world continued to look very weak with the coronavirus pandemic spreading and infecting the masses around the world. The much-anticipated release of the US jobs data report helped to keep prices of gold steady. Investors around the world continued to remain pessimistic around equities. Fears of the revival of the virus in a second wave of infections continued to dampen the risk appetite and increase the appeal of safe haven investments around the world.
    • The third week of May also saw the highest prices for gold at Rs.4,883 per gram on 18 and 19 May. This was in response to increasing tensions around USA and China. However, this was reduced soon enough with the risk appetite soaring once again on the back of successful trials of an early-stage coronavirus vaccine. However, the fears of a global recession and a strong US Dollar continued to keep the prices steady for the remnant of the week.
    • The last week of the month witnessed the prices going up and down again due to the various political and economic factors which played a direct role. The uncertainty in regard to the response of the USA to China’s passing of a security law in Hong Kong also led to an escalation in prices of precious metals as more and more investors around the world spread across to safe haven investments fearing volatility in the stock markets. However, there was also corresponding fears around the economy not recovering as fast as it needed to in spite of lifting of lockdown restrictions, followed by the coronavirus continuing to rage unabated around the world. For the month of May, Shimla witnessed a change of 2.13% in the overall performance of the precious yellow metal.

    Trend of Gold Rate in Assam for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,263 per gram
    March 31 Rate Rs.4,737 per gram
    Highest Rate in March Rs.4,759 per gram on 28 April
    Lowest Rate in March Rs.4,263 per gram on 1-5 and 19 April
    Overall Performance Incline
    Percentage Change 11.11%

    Trend of Monthly Gold Rate in Assam for April 2020:

    • Gold opened in the state of Assam at Rs.4,263 per gram for 24 karat gold and remained steady at this price point itself for the first 5 days of the month. Form the sixth day onwards there was a sharp rise in the gold prices at Rs.4,273 and Rs.4,343 by the end of the first week. This was a good recovery from the fall in prices from previously. The reason behind the gold prices recovering was due to the coronavirus pandemic that continued to wreak havoc on global markets around the world, with Asian equities especially taking a drastic hit. Following an economic stimulus from the US Federal Reserve, the US dollar eased which helped in bolstering prices of precious metals, making them a go-to for investors who had become wary of the volatile equities market globally.
    • In the second week of April, gold in Assam continued slowly to move upwards as the release of the US non-farm payrolls data played a role in the gold prices inching up. The rise in the prices of gold was due to the severe economic impact caused by the outbreak of coronavirus. A strong US dollar, riding on the back of the US Federal Reserve’s economic stimulus, continued to keep gold prices in check. However, investors were clear about precious metals being a safe haven investment in a volatile equities' scenario, which helped to continue the upward trend for gold prices throughout the world. The long weekend in the second week of April due Good Friday and Easter created a lull in the stock market, which helped to stabilize gold prices from rising or falling steeply.
    • There were minor dips and rises in the price of gold for the third week of April in Assam as global trends continued to be unpredictable with the coronavirus pandemic. Fears of a global recession would result in prices rising up as the appeal of safe haven investments continued in the wake of a volatile stock market. However, with the US President announcing the reopening of the economy, and news of a treatment for the virus drove investors to again plunge into equities. The historic crash of US crude oil prices resulted in shock waves through the equities markets, further boosting the prices of gold and other precious metals. However, a strong dollar kept the prices of gold from going through the roof. However, doubts over the economy restarting continued to resurface as deaths related to coronavirus continued throughout the world.
    • In the last week of April, the price of the yellow metal rose sharply with the highest being on 28 April at Rs.4,759 per gram for 24 Karat gold. Anticipation around a generous European Central Bank stimulus combined with the decision of the US Federal Reserve to maintain interest rates at almost zero helped in bolstering the gold price. Plans of a gradual easing of the lockdown around the world continued to be vague as traders continued to lean towards investing in gold as a safe haven as doubts regarding a global recession continued to be in effect. The overall trend this month for gold was an upward incline of 11.11%.

    Trend of Gold Rate in Assam for March 2020 (rates per gram for 24 karat gold)

    Parameters Gold Price (24 karat)
    March 1 Rate Rs.4,303 per gram
    March 31 Rate Rs.4,263 per gram
    Highest Rate in March Rs.4,583 per gram on 7 March 2020
    Lowest Rate in March Rs.4,163 per gram on 20 March 2020
    Overall Monthly Performance Decline
    Percentage Change -0.92%

    Gold Rate Trend in Assam for March 2020:

    • The prices of gold in Assam were at Rs.4,303 for a gram on 1 March 2020 and Rs.4,263 per gram on 31 March 2020. Overall, gold saw a 0.92% decline in its prices in Assam for the month of March. Investors selling their assets for cash due to the coronavirus outbreak was the main reason for the prices to decrease.
    • The first week of March, the prices of gold increased as investors were expecting the US Federal Reserve to cut the interest rates. On 7 March 2020, the price of gold hit its highest rate for the month and was at Rs.4,583 for a gram.
    • The prices of gold reduced drastically over the second and third weeks of March. The coronavirus outbreak led to investors selling their assets to hoard cash, ensuring that prices of gold reduced. On 20 March 2020, gold hit its lowest rate for the month and was at Rs.4,163 per gram.
    • From 22 March 2020 to 31 March 2020, the prices of gold were stagnant at Rs.4,263 for a gram. Several measures were introduced by the US Federal Reserve to help the economy during the coronavirus outbreak, ensuring the prices did not fall even further.

    Trend of Gold Rate in Assam for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,199 per gram
    February 29 Rate Rs.4,377 per gram
    Highest Rate in February Rs.4,436 per gram on 25 February
    Lowest Rate in February Rs.4,160 per gram on 7 February
    Overall Performance Incline
    Percentage Change 4.23%

    Gold Rate Trend in Assam for February 2020:

    • Gold opened at Rs.4,199 per gram for 24 karat in Assam in February, with global prices hitting the highest in 5 months on the back of the coronavirus spreading beyond China that increased demand for safe-haven investments just as global equities took a slump.
    • However, by the beginning of the second week, on 7 February, gold had hit what was to be the lowest price for the month, at Rs.4,160 gram. This was because of the dollar holding firm and speculation around a drug against the coronavirus causing an uptick in stock markets globally.
    • By the second week, although it began with a slump in gold prices, it soon picked up with coronavirus cases increasing around the world thus increasing its appeal as a safe-haven investment.
    • Gold began the third week with a 2-week high but was set on the backfoot again as China’s central bank came forward with a monetary policy intervention that reassured investors and reduced the safe-haven sheen of gold.
    • By the fourth week, the prices of gold again rose, climbing to the highest in the month on February 25 at Rs.4,436 per gram, with the coronavirus spreading to many more countries and Asian stocks falling on the back of warning by the US about a possible pandemic. The overall trend for gold in February in Assam was on an incline of 4.23%.

    Trend of Gold Rate in Assam for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.4,027 per gram
    January 31 Rate Rs.4,199 per gram
    Highest Rate in January Rs.4,251 per gram on 9 January
    Lowest Rate in January Rs.4,027 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.27%

    Gold Rate Trend in Assam for January 2020:

    • In Assam, Gold price opened at Rs.4,027 per gram on 1 January. This was the lowest recorded price for the metal in the state. The gold prices continued to fluctuate throughout the month. However, the rates of the yellow metal witnessed an inclining trend for the month of January.
    • The gold prices opened its highest on 9 January and traded at Rs.4,251 per gram as traders moved towards safe havens as uncertainties regarding the trade deal between China and U.S prevailed.
    • The gold prices dropped after the tensions between U.S and Iran eased over the period of time. The trade deal between Beijing and Washington also added to the gold rates slipping.
    • The gold prices over few days in January rose due to various reasons. The outbreak of Coronavirus, FED keeping the rates unchanged, followed by unrest in Yemen and Chinese Lunar Year ensured that the gold prices continued to rise.
    • Gold rates in the state closed at Rs.4,199 per gram on 31 January with the overall performance being 4.27% after increasing gradually in the final week of the month as the World Health Organization (WHO) declared Coronavirus as a global epidemic.

    Also Check Gold Price in Metro Cities

    Gold Investment avenues in Assam

    Gold is viewed as an ideal investment instrument in Assam and can be purchased in different forms to match investment requirements of individuals.

    Over-the-counter – Over-the-counter gold purchases still account for a major portion of gold purchased in Assam, with a number of jewellers and banks offering a multitude of gold products to individuals. Jewellery continues to be the preferred form of investment, followed by gold coins and bullion. Products are available for every budget, with purity and quality guaranteed by almost every big brand in the state.

    Market Trade – While it might still be in its infancy, market trade for gold holds a lot of potential and a small portion of the population has started dabbling in it. Gold Exchange Traded Funds (ETFs), E-gold and Futures Contracts are some of the options available to investors today. ETFs can be traded on the Mumbai Stock exchange and offer good return on investment. The National Spot Exchange permits for buying and selling of E-gold while futures contracts are an ideal investment for those looking to shield themselves from market fluctuations.

    Also Check: Today's Gold Rate In Guwahati

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    News About Gold Rate

    • Gold extends losses, amid declining US gold futures and strengthening US dollar.

      Three consecutive sessions of gold extending its losses, and the dollar gaining ground amid reports of the stock market rising based on positive economic data from the Far East (China).

      Gold managed to strike a three-week high notch at $1,262.60 amid stocks and a tumbling US dollar, and US Gold futures declining by 1%. Following suit, silver futures also tumbled by 1%.

      14 April 2016

    • Gold may drop below $1,200 an ounce in coming months

      Gold prices are expected to drop below $1,200 an ounce in the coming months, according to GFMS analysts at Thomson Reuters report on Thursday, lead by the U.S. interest rates expected to rise and physical demand remaining soft.

      GFMS said, "Following three consecutive years of annual price declines, gold has recorded a blistering start to 2016," in its Gold Survey 2015. "Such an impressive performance has been largely attributed to a reduction in risk appetite among investors and fresh interest in safe haven assets."

      1 April 2016

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